GDP PER CAPITA OF THE CITY OF ROME: A SLOW DECLINE
A report by the Bank of Italy and the Chamber of Commerce of Rome tells the slow economic decline of the city. An in-depth and in some ways merciless analysis of the twenty years that begins in 2000 and ends in 2019, on the eve of the Covid pandemic.
The photograph that emerges from the paper entitled 'The economy of Rome in the years two thousand. Structural changes, labour market, inequalities' describes the crisis of the Italian capital. Its economy has performed less positively than other European capitals and other major Italian cities. Moreover, citizens' GDP per capita grew less in Rome due to a disappointing productivity trend. Employment and population growth has not been accompanied by economic growth. On the contrary, the twenty years analysed have been marked by the decline of the public sector, large companies and investments in general, both public and private.
The increase in employment, moreover, is mainly due to less qualified jobs and mainly linked to tourism (catering, hospitality, cleaning). This has made Rome less attractive to young graduates. Those who decide to leave the capital are increasing and those arriving are decreasing.