The Evolution of Italy's Wholesale and Retail Trade Sector: Economic Trends and Policy Implications (2014-2023)

Angelo Leogrande

MPRA Paper from University Library of Munich, Germany

Abstract: The wholesale and retail trade sector in Italy represents a crucial pillar of the national economy, contributing significantly to GDP, employment, and investment. This study analyzes the sector's performance from 2014 to 2023, highlighting the trends, challenges, and opportunities that have shaped its evolution. The sector has experienced steady growth, with value added increasing by 36.32% over the period, despite disruptions such as the COVID-19 pandemic, which led to a sharp decline in 2020. Key drivers of growth include digital transformation, supply chain optimization, and shifts in consumer behavior. Government policies, including financial incentives and regulatory reforms, have played a crucial role in supporting the sector’s resilience and recovery. However, challenges remain, such as rising operational costs, regulatory complexities, and the need for sustainable business practices. The study underscores the importance of enhancing digital infrastructure, improving financial accessibility for SMEs, and investing in workforce development to sustain long-term growth. Policymakers are encouraged to adopt targeted strategies to enhance competitiveness, sustainability, and innovation within the sector. By addressing these challenges, Italy can ensure the continued contribution of the wholesale and retail trade sector to economic prosperity and social well-being.

Keywords: Wholesale and Retail Trade; Economic Growth; Digital Transformation; Supply Chain Management; Small and Medium Enterprises (SMEs) (search for similar items in EconPapers)
JEL-codes: E01 G32 J21 J81 O33 (search for similar items in EconPapers)
Date: 2025-01-25
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