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 (2017): Germany, France, and United States
Top 3 Exported Goods (2017): 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) $2,515,781,432,564 (2018)
GDP Growth Rate (annual %) 0.858% (2018)
GDP Per Capita, PPP (current international) $41,630 (2018)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 11/196 (2018)

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 %) 1.137% (2018)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 53.1% (2018)
Real Interest Rate (5 year average %) 1.817% (2018)
Manufacturing, value added (% of GDP) 14.991% (2018)
Current Account Balance (BoP, current US$) $50,556,110,616 (2018)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 25,616,738 (2018)
Employment in Agriculture (% of total employment) 3.75% (2018)
Employment in Industry (% of total employment) 25.808% (2018)
Employment in Services (% of total employment) 70.442% (2018)
Unemployment Rate 10.205% (2018)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $606,703,929,060 (2018)
Exports of goods and services (current US$) $658,594,046,157 (2018)
Total Merchandise Trade (% of GDP) 50.506% (2018)
FDI, net inflows (BoP, current US$) $30,903,528,696 (2018)
Commercial Service Exports (current US$) $120,720,829,653 (2018)
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

Sources

  1. The World Bank