Italy: Economy

Economic Trivia

Italy has a diversified industrial economy, which is divided into a developed industrial north, dominated by private companies, and a less-developed, highly subsidized, agricultural south, where unemployment is high.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2015): Germany, France, and United States
Top 3 Exported Goods (2015): Industrial Machinery, Motor Vehicles & Parts, and Electrical Machinery

Top Industries Source: CIA World Factbook

Tourism; Machinery; Iron and Steel; Chemicals

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international) $2,182,579,699,550 (2015)
GDP Growth Rate (annual %) 0.76% (2015)
GDP Per Capita, PPP (current international) $35,896 (2015)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 12/193 (2015)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) 0.039% (2015)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 64.8% (2015)
Real Interest Rate (5 year average %) 3.35% (2015)
Manufacturing, value added (% of GDP) 15.822% (2015)
Current Account Balance (BoP, current US$) $39,102,875,445 (2015)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 25,785,202 (2014)
Employment in Agriculture (% of total employment) 3.5% (2014)
Employment in Industry (% of total employment) 27.1% (2014)
Employment in Services (% of total employment) 69.5% (2014)
Unemployment Rate 12.5% (2014)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $490,607,119,885 (2015)
Exports of goods and services (current US$) $548,800,812,909 (2015)
Total Merchandise Trade (% of GDP) 46.727% (2014)
FDI, net inflows (BoP, current US$) $7,959,447,873 (2015)
Commercial Service Exports (current US$) $113,166,301,361 (2014)
Click on a row to display its 5-year graph on the right.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Italy’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Glossary