BANCA D’ITALIA  The Governor’s Concluding Remarks Annual Report 2020  29  Figure 3  Public deficit in the euro area and in Italy (per cent of GDP)  10  10  Italy  9  9  8  8  7  7  6  6  5  5  Euro area  4  4  3  3  2  2  1  1  0  2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020  0  Sources: Istat and European Commission.
Figure 4  Public deficit and change in household disposable income and in GDP in Italy (per cent of GDP and percentage changes)  10  10  8  8  6  6  4  4  2  2  0  0  -2  -2  -4  -4  -6  -6  -8 -10  GDP 2014  2015  Disposable income  2016  2017  2018  -8  Deficit 2019  2020  -10  Source: Based on Istat data.