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The economy of Italy is a highly developed social market economy. [31] It is the third-largest national economy in the European Union, the 8th-largest economy in the world by nominal GDP, and the 11th-largest by PPP-adjusted GDP. The country has the second-largest manufacturing industry in Europe, which is also the 7th-largest in the world. [32]
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
In the recent decades, however, Italy's economic growth has been particularly stagnant, with an average of 1.23% compared to an EU average of 2.28%. Previously, Italy's economy had accelerated from 0.7% growth in 1996 to 1.4% in 1999 and continued to rise to about 2.90% in 2000, which was closer to the EU projected growth rate of 3.10%.
This article is about the gross regional domestic product (GRDP) per capita of Italian regions in nominal values. [1] Values are shown in EUR€.For easy comparison, all the GRDP figures are converted into US$ according to annual average exchange rates.
The IMF also warned Italy that the passing of their proposed budget could result in a recession that could last until the mid 2020s. [7] Italy's economy has been in turmoil since 2008 and the IMF predicts that at the current growth rate the anti-EU government will prolong Italy in reaching the economic prosperity it had prior to the collapse.
Economy of Italy by province (1 C) * Economy of Italy-related lists (1 C, 9 P) B. Italian billionaires (55 P) Business in Italy (9 C, 1 P) C. Companies in the FTSE ...
The US labor market just finished a year that many thought would see a recession with one of the highest 12-month job totals seen in the last decade.. Including an unexpectedly strong December ...
Italy's great power strength includes a vast advanced economy [15] [16] (in terms of national wealth, net wealth per capita and national GDP), a strong manufacturing industry (ranking 7th on the list of countries by manufacturing output), [17] a large luxury goods market, [18] a large national budget and the third largest gold reserve in the world.