Population: 60 million in 20121
GDP: $2.07 trillion in 20132
GDP per capita: $35,926 nominal3 ($34,303 PPP4) in 2013
GDP growth rate: -0.4% in 20145
GDP by Industry 20126
Industry sector | Value added ($ billions) 2012 | Percent of total |
Other activities | 951 | 48.4% |
Manufacturing | 321 | 16.3% |
Wholesale, retail trade, restaurants and hotels | 292 | 14.9% |
Transport, storage and communication | 196 | 10.0% |
Construction | 118 | 6.0% |
Mining and utilities | 47 | 2.4% |
Agriculture, hunting, forestry, fishing | 39 | 2.0% |
Total value added | 1,965 | 100% |
Unemployment rate: 12.6% in Dec 20147
Employment by Industry 20138
Employment sector | Employees (thousands) 2013 | Percent of total |
Manufacturing | 4,129 | 18.4% |
Wholesale trade, retail trade and repair of motor vehicles | 3,322 | 14.8% |
Human health and social work | 1,772 | 7.9% |
Construction | 1,591 | 7.1% |
Education | 1,481 | 6.6% |
Professional, scientific and technical | 1,369 | 6.1% |
Public administration and defence | 1,298 | 5.8% |
Accommodation and food service | 1,247 | 5.6% |
Transportation and storage | 1,045 | 4.7% |
Administrative and support service | 907 | 4.0% |
Agriculture, forestry and fishing | 814 | 3.6% |
Activities of households as employers | 728 | 3.2% |
Other service | 693 | 3.1% |
Finance and insurance | 632 | 2.8% |
Information and communication | 551 | 2.5% |
Arts, entertainment and recreation | 293 | 1.3% |
Water supply, sewerage and waste management | 228 | 1.0% |
Real estate | 147 | 0.7% |
Electricity, gas, steam and air conditioning | 124 | 0.6% |
Mining and quarrying | 38 | 0.2% |
Extraterritorial organizations and bodies | 14 | 0.1% |
Total employment | 22,420 | 100% |
Top 9 Corporations by Revenue 2013* 9
Rank | Corporation | Revenue ($ billions) 2013 | Profit ($ billions) 2013 | Assets ($ billions) 12/31/13 | Industry |
1 | ENI | 135 | 6.1 | 163 | Energy |
2 | EXOR Group | 132 | 22.4 | 160 | Diversified |
3 | Assicurazioni Generali | 100 | 1.9 | 529 | Finance |
4 | Enel | 95 | 3.8 | 193 | Energy |
5 | Intesa Sanpaolo | 46 | -5.4 | 738 | Finance |
6 | UniCredit | 44 | -17.2 | 996 | Finance |
7 | Telecom Italia | 27 | -0.8 | 81 | Telecommunications |
8 | Poste Italiane | 27 | 1.2 | 158 | Postal service |
9 | Unipol | 24 | -0.1 | 102 | Finance |
* Corporate data calculated using the exchange rate .848 EUR = 1 USD
Household Wealth: $12.6 trillion (609% of GDP) in 201410
Household Wealth per Adult: $255,880 in 201410
Gini Coefficient: .319 in 201211
Central Government
Central Government Revenue: $984 billion (48% of GDP) in 201312
Central Government Expenditure: $1,052 billion (51% of GDP) in 201312
Central Government Budget Balance: -$58 billion (-3 % of GDP) in 201312
Central Government Public Debt: $2.45 trillion (118% of GDP) in Q2 2014* 13
Central Government 10 Year Bond Interest Rate: 1.81% on Jan 12, 201514
* Public debt calculated using the exchange rate .848 EUR = 1 USD
Public Funds
Fondo Strategico Italiano: $6 billion (0.3% of GDP) in 201115
Tax Structure
Individual Income Tax Rates and Thresholds in 2013* 16
* Thresholds calculated using the exchange rate .848 EUR = 1 USD
Corporate Tax Rate: 27.5%17
Money supply (Euro area, M1): $6.85 trillion in Sept 2014* 18
Benchmark Interest Rate (Euro area): 0.05% in Dec 201419
Total Reserves: $146 billion (7% of GDP) in 201320
Exchange Rate: 0.848 Euros = 1 U.S. Dollar on Jan 11, 201521
Inflation: 1.2% in 201322
* Money supply calculated using the exchange rate .848 EUR = 1 USD
Top 10 Financial Institutions by Assets 201223
Rank | Financial Institution | Assets ($ billions) 6/30/12* |
1 | UniCredit | 1,125 |
2 | Intesa Sanpaolo | 785 |
3 | Banca Monte dei Paschi di Siena | 274 |
4 | UBI Banca | 158 |
5 | Banco Popolare Societa Cooperativa | 158 |
6 | Mediobanca | 74 |
7 | Banca Popolare dell'Emilia Romagna | 72 |
8 | Banca Popolare di Milano | 62 |
9 | Banca Carige | 56 |
10 | Credito Emiliano | 35 |
* Assets calculated using the exchange rate 0.848 EUR = 1 USD
Exports: $474 billion (23% of GDP) in 201324
Imports: $435 billion (21% of GDP) in 201324
Trade Balance: +$39 billion (+2% of GDP) in 201324
Foreign Direct Investment Inflow: $17 billion (1% of GDP)in 201325
Foreign Direct Investment Outflow: $32 billion (2% of GDP) in 201325
Foreign Aid Inflow: N/A
Foreign Aid Outflow: $3.4 billion (0.2% of GDP)in 201326
1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: IMF World Economic Outlook (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: Bloomberg (Unemployment rate) Go back
8. Source: International Labor Organization, Downloads (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: CIA World Factbook (Gini coefficient) Go back
12. Source: CIA World Factbook (Government budget) Go back
13. Source: OECD Stat Extracts, National Accounts, Quarter Public Sector Debt (Public debt) Go back
14. Source: Bloomberg (Government bond yield) Go back
15. Source: ESADE Sovereign Wealth Funds (Public funds) Go back
16. Source: OECD Stat Extracts, Public Sector, Tax Database (Individual tax rates) Go back
17. Source: Tax Foundation (Corporate tax rate) Go back
18. Source: ECB Monetary developments (Money supply) Go back
19. Source: ECB Key interest rates (Benchmark interest rate) Go back
20. Source: World Bank Indicators (Total reserves) Go back
21. Source: Yahoo Finance (Exchange rate) Go back
22. Source: World Bank Indicators (Inflation rate) Go back
23. Source: Relbanks.com (Financial institutions by assets) Go back
24. Source: CIA World Factbook (Trade data) Go back
25. Source: OECD FDI in Figures (FDI data) Go back
26. Source: OECD Aid Statistics (Aid outlfow) Go back