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) $2,387,357,093,793 (2017)
GDP Growth Rate (annual %) 1.502% (2017)
GDP Per Capita, PPP (current international) $39,427 (2017)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 11/195 (2017)

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 %) 1.227% (2017)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 48% (2017)
Real Interest Rate (5 year average %) 2.357% (2017)
Manufacturing, value added (% of GDP) 14.694% (2017)
Current Account Balance (BoP, current US$) $54,333,336,583 (2017)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 25,458,955 (2017)
Employment in Agriculture (% of total employment) 3.915% (2017)
Employment in Industry (% of total employment) 26.323% (2017)
Employment in Services (% of total employment) 69.762% (2017)
Unemployment Rate 11.21% (2017)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $545,962,596,332 (2017)
Exports of goods and services (current US$) $605,524,635,553 (2017)
Total Merchandise Trade (% of GDP) 49.558% (2017)
FDI, net inflows (BoP, current US$) $19,838,057,158 (2017)
Commercial Service Exports (current US$) $110,390,663,276 (2017)
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