Italy Disposable Income 2024: Growth & Comparison
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Italy’s Economic Recovery: A Slow Climb Back to Pre-Crisis Levels
Analysis of disposable income trends in Italy, comparing its recovery to the Euro area average and highlighting the lingering effects of the 2008 and 2020 crises. Updated as of November 2, 2025.
Economic Context: Italy’s Disposable Income Trends
Italy experienced a significant decline in disposable income,falling to 88.68% of its 2008 level in 2013. A modest recovery followed, reaching 90.48% in 2019, but the COVID-19 pandemic caused another setback.Following a rebound to 94.06% in 2021,disposable income has continued to rise,reaching 95.97% in 2024, according to data from Il Sole 24 Ore.
While italy’s recovery since 2020 aligns with other countries, with approximately a 5.5-point increase in disposable income over four years,a ample gap remains compared to 2008 levels. In 2024, the Euro area had largely recovered its pre-crisis income levels (104.03%), while Italy stood at 90.48%.
Greece faced an even more challenging situation, with disposable income at only 84.13% of its 2008 level in 2024. However, Greece’s initial decline was more severe, requiring a recovery of over 35 points from 2013.
| Country | 2008 | 2013 | 2019 | 2021 | 2024 |
|---|---|---|---|---|---|
| Italy | 100% | 88.68% | 90.48% | 94.06% | 95.97% |
| Euro Area | 100% | N/A | N/A | 104.03% | N/A |
| Greece | 100% | N/A | N/A | N/A | 84.13% |
Note: Data for the Euro Area and Greece is incomplete for all years. N/A indicates data not available in the source material.
Comparison with the Euro Area
The disparity between Italy’s recovery and the Euro area’s highlights the structural challenges facing the Italian economy. Factors contributing to this slower recovery may include lower productivity growth, demographic trends, and persistent structural issues. The Euro area’s faster recovery suggests more effective policy responses or a more resilient economic structure.