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Economy of Italy

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 sectorValue added ($ billions) 2012Percent of total
Other activities95148.4%
Wholesale, retail trade, restaurants and hotels29214.9%
Transport, storage and communication19610.0%
Mining and utilities472.4%
Agriculture, hunting, forestry, fishing392.0%
Total value added1,965100%


Unemployment rate: 12.6% in Dec 20147

Employment by Industry 20138

Employment sector Employees (thousands) 2013Percent of total
Wholesale trade, retail trade and repair of motor vehicles3,32214.8%
Human health and social work1,7727.9%
Professional, scientific and technical1,3696.1%
Public administration and defence1,2985.8%
Accommodation and food service1,2475.6%
Transportation and storage1,0454.7%
Administrative and support service9074.0%
Agriculture, forestry and fishing8143.6%
Activities of households as employers7283.2%
Other service6933.1%
Finance and insurance6322.8%
Information and communication5512.5%
Arts, entertainment and recreation2931.3%
Water supply, sewerage and waste management2281.0%
Real estate1470.7%
Electricity, gas, steam and air conditioning1240.6%
Mining and quarrying380.2%
Extraterritorial organizations and bodies140.1%
Total employment22,420100%


Top 9 Corporations by Revenue 2013* 9

RankCorporationRevenue ($ billions) 2013Profit ($ billions) 2013Assets ($ billions) 12/31/13Industry
2EXOR Group13222.4160Diversified
3Assicurazioni Generali1001.9529Finance
5Intesa Sanpaolo46-5.4738Finance
7Telecom Italia27-0.881Telecommunications
8Poste Italiane271.2158Postal service

* 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

Monetary Policy

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

Financial Institutions

Top 10 Financial Institutions by Assets 201223

RankFinancial InstitutionAssets ($ billions) 6/30/12*
2Intesa Sanpaolo785
3Banca Monte dei Paschi di Siena274
4UBI Banca158
5Banco Popolare Societa Cooperativa158
7Banca Popolare dell'Emilia Romagna72
8Banca Popolare di Milano62
9Banca Carige56
10Credito Emiliano35

* Assets calculated using the exchange rate 0.848 EUR = 1 USD

International Accounts

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