Italian GDP
|
|
| Currency | Euro (EUR), except in Campione d'Italia (CHF) |
|---|---|
| calendar year | |
|
Trade organisations
|
European Union, WTO, OECD, AIIB |
| Statistics | |
| GDP | $2.181 trillion (nominal, 2018) $2.399 trillion (PPP, 2017) |
| GDP rank | 8th (nominal) / 12th (PPP) |
|
GDP growth
|
 +1.6% YoY Q4 2017, +1.5% YoY 2017 |
|
GDP per capita
|
$30,662 (nominal, 2017) $36,877 (PPP, 2017) |
|
GDP by sector
|
agriculture: 2.2%; industry: 23.9%; services: 73.8% (2016 est.) |
|
YoY +0.5% (April 2018) |
|
|
Population below poverty line
|
5.7% in poverty, 2014; 24.7% at risk of poverty or social exclusion, 2014 |
| 33.1 (2016) | |
|
Labour force
|
25.6 million (2016 est.) |
|
Labour force by occupation
|
agriculture: 3.9%; industry: 28.3%; services: 67.8% (2011) |
| Unemployment |
 11% March 2018 |
|
Average gross salary
|
€29,114 (2016) / (average net disposable income per capita) €19,086, yearly (+2,0%)(2017) |
|
Main industries
|
|
|
46th (2018) |
|
| External | |
| Exports |
$436.4 billion (2016) |
|
Export goods
|
Engineering products, textiles and clothing, production machinery, motor vehicles, transport equipment, chemicals; foodstuffs, beverages, and tobacco; minerals, nonferrous metals |
|
Main export partners
|
 Germany 12.6% France 11.1% United States 6.8% Switzerland 5.7% United Kingdom 4.7% Spain 4.4% |
| Imports |
$372.2 billion (2016) |
|
Import goods
|
Engineering products, chemicals, transport equipment, energy products, minerals and nonferrous metals, textiles and clothing; food, beverages, tobacco |
|
Main import partners
|
Germany 14.7% France 8.4% China 8.4% Russia 6.3% Netherlands 5.8% Spain 4.5% |
|
FDI stock
|
$0.7 trillion |
|
Gross external debt
|
$2.324 trillion (June 2017) |
| Public finances | |
| 133.3% of GDP (2017 est.) | |
| Revenues | $842.5 billion (2016 est.) |
| Expenses | $889.8 billion (2016 est.) |
| Economic aid | donor: ODA, $4.86 billion (2016) |
|
Standard & Poor's: BBB Outlook: Stable Moody's: Baa2 Outlook: Negative Fitch: BBB Outlook: Stable |
|
|
Foreign reserves
|
$143.1 billion (March 2016) |
+0.3% QoQ Q4 2017,
€29,114 (2016) / (average net disposable income per capita) €19,086, yearly (+2,0%)(2017)
The economy of Italy is the 3rd-largest national economy in the eurozone, the 8th-largest by nominal GDP in the world, and the 12th-largest by GDP (PPP). The country, that has a major advanced economy, is a founding member of the European Union, the Eurozone, the OECD, the G7 and the G20. Italy is the eighth largest exporter in the world with $514 billion exported in 2016. Its closest trade ties are with the other countries of the European Union, with whom it conducts about 59% of its total trade. The largest trading partners, in order of market share, are Germany (12.6%), France (11.1%), United States (6.8%), Switzerland (5.7%), United Kingdom (4.7%), and Spain (4.4%).
In the post-war period, Italy was transformed from an agricultural based economy which had been severely affected by the consequences of the World Wars, into one of the world's most advanced nations, and a leading country in world trade and exports. According to the Human Development Index, the country enjoys a very high standard of living, and has the world's 8th highest quality of life according to The Economist. Italy owns the world's third-largest gold reserve, and is the third net contributor to the budget of the European Union. The country is also well known for its influential and innovative business economic sector, an industrious (Italy is the second largest manufacturer in Europe behind Germany) and competitive agricultural sector (Italy is the world's largest wine producer), and for its creative and high-quality automobile, naval, industrial, appliance and fashion design. Italy has the largest market for luxury goods in Europe and third in the world.The advanced country's private wealth is one of the largest in the world.
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Wikipedia