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 (2021): Germany, France, and United States
Top 3 Exported Goods (2021): Industrial Machinery, Motor Vehicles & Parts, and Electrical Machinery

Top Industries Source: CIA World Factbook

Tourism; Machinery; Iron and Steel; Chemicals

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $3,052,609,059,236 (2022)
GDP Growth Rate (annual %) 3.675% (2022)
GDP Per Capita, PPP (current international) $51,865 (2022)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 12/197 (2022)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 8.201% (2022)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 59.1% (2019)
Real Interest Rate (5 year average %) -0.724% (2022)
Manufacturing, value added (% of GDP) 14.123% (2022)
Current Account Balance (BoP, current US$) ($26,658,107,761) (2022)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 25,481,769 (2022)
Employment in Agriculture (% of total employment) 4.05% (2021)
Employment in Industry (% of total employment) 26.639% (2021)
Employment in Services (% of total employment) 69.31% (2021)
Unemployment Rate 8.094% (2022)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $777,843,327,470 (2022)
Exports of goods and services (current US$) $746,867,585,865 (2022)
Total Merchandise Trade (% of GDP) 66.97% (2022)
FDI, net inflows (BoP, current US$) $31,228,075,332 (2022)
Commercial Service Exports (current US$) $122,220,782,633 (2022)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

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


  1. The World Bank