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The economy of Italy is a highly developed social market economy. [ 30 ] It is the third-largest national economy in the European Union, the second-largest manufacturing industry in Europe (7th-largest in the world), [ 31 ] the 9th-largest economy in the world by nominal GDP, and the 12th-largest by GDP (PPP).
Italy shares its borders with France, Switzerland, Austria, Slovenia and two enclaves: Vatican City and San Marino. It is the tenth-largest country in Europe by area, covering 301,340 km 2 (116,350 sq mi), [ 3 ] and third-most populous member state of the European Union, with a population of nearly 60 million. [ 16 ]
In 2016, southern Italy's GDP and economy was growing twice as much as northern Italy's. [53] According to Eurostat figures published in 2019, southern Italy is the European area with the lowest employment percentages: in Apulia, Sicily, Campania and Calabria, less than 50% of the people aged between 20 and 64 had a job in 2018. This is largely ...
The Fiat 500, launched in 1957, is considered a symbol of Italy's postwar economic miracle. [44] The Italian economy has had very variable growth. In the 1950s and early 1960s, the Italian economy was booming, with record high growth rates, including 6.4% in 1959, 5.8% in 1960, 6.8% in 1961, and 6.1% in 1962.
Agriculture in Italy, one of the economic sectors of the country, has developed since the 5th millennium BC. In the 20th century, Italy transformed from a predominantly agricultural country to an industrial country. As a result, the agricultural sector (including silviculture and fishing) has seen employment drop dramatically, from 43% (in 1860 ...
Economy of Rome. Rome is a major EU and international financial, cultural, and business centre. Rome's trade is 0.1% of world economic trade. With a 2005 GDP of €94.376 billion (US$121.5 billion), [1] the city produces 6.7% of the national GDP after Milan which provides 10% [1], and its unemployment rate, lowered from 11.1% to 6.5% between ...
List of Italian regions by GDP (billions of euro [1]) ; Region 2000 2010 2019 2010-2019 % GDP change % of nationwide 2019 GDP 1 Lombardy 259.86: 349.55: 468.77: 12.34: 22.28
Website. www.regione.campania.it. Campania[a] is an administrative region of Italy located in Southern Italy; most of it is in the south-western portion of the Italian Peninsula (with the Tyrrhenian Sea to its west), but it also includes the small Phlegraean Islands and the island of Capri. The capital of the Campania region is Naples. [6]