Italy to include ‘La Dolce Vita’ in GDP measures

By Ferdinando Giugliano

Italy has long prided itself for its quality of life and with good reason. The country may be only just recovering from a long economic crisis, but its citizens are healthier and live longer than those of most other countries in the world. It is, perhaps, no coincidence then that the Italian government is pioneering the use of welfare indicators in its budget process.