Italy GDP Data & Country Report

Italy Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Italy; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION

Central bank

Bank of Italy
Italy is part of the Eurosystem and the European Central Bank

International Reserves

US$ 176.876 billion (Source: IMF; Data updated: November 2011)

Gross Domestic Product - GDP

US$ 2.181 trillion (2010 estimate)

GDP (Purchasing Power Parity)

1.812 trillion of International dollars (2010 estimate)

Real GDP growth

2000	2001	2002	2003	2004	2005	2006	2007
3.7%	1.8%	0.5%	0%	1.5%	0.7%	2%	1.5%
2008	2009	2010	2011*
-1.3%	-5.2%	1.3%	1.1%

*Estimate

GDP per capita - current prices

US$ 35,985 (2010 estimate)

GDP per capita - PPP

$29,889 International Dollars (2010 estimate)

GDP (PPP) - share of world total

1980	1990	2000	2010	2015**
4.47%	4.16%	3.32%	2.39%	2.05%

**Forecast

GDP - composition by sector

agriculture: 1.9%
industry: 25.2%
services: 72.9% (2011 estimate)

(Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP)

1.19% (2008)

(Data released on November 2010)

Inflation

2008	2009	2010	2011*
3.5%(2008)	0.8%	1.6%	2%

*Estimate

Unemployment rate

2008	2009	2010	2011*
6.7%	7.8%	8.5%(2009)	8.6%

*Estimate

Household saving rates

5.8% (Net saving; 2011 forecast)

(Data released on November 2010)

Public debt (General government gross debt as a % of GDP)

2007	2008	2009	2010	2011*
103.5%	106.1%	116.1%	119%	120.3%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)

2007	2008	2009	2010*	2011**
-1.5%	-2.7%	-5.2%	-5.1%	-4.3%

*Estimate **Forecast

Government bond ratings

Standard & Poor's: A+/Stable/A-1+

Moody's rating: Aa2

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Nov 2010)

Market value of publicly traded shares

2007	2008	2009
US$1.073 trillion	US$520.855 billion	US$317.317 billion

Largest companies in Italy

ENI (Oil & Gas Operations), ENEL (Electric Utilities), UniCredit Group (Major Banks), Intesa Sanpaolo (Major Banks), Generali Group (Diversified Insurance), Telecom Italia (Telecommunications services), Fiat Group (Auto & Truck Manufacturers), Finmeccanica (Aerospace & Defense), Banca MPS (Major Banks)
(2011)

DATA ON TRADE AND COMPETITIVENESS

Current account balance

US$ -73.5 billion (2009 estimate)(After 2008)

Current account balance by percentage of GDP

-3.4% of GDP (2009 estimate)(2009)

Exports as percent of GDP

(Exports of goods and services)

28.9% (2008)

(Data released on December 2010)

Shares in world total merchandising export

2.94%(2007)

(Data were released in Nov 2011 and refer to 2010)

Shares in world total commercial services export

2.63%(2007)

(Data were released in Nov 2011 and refer to 2010)

Total exports

US$458.4 billion f.o.b. (2010 estimate)

Export commodities

engineering products, textiles and clothing, production machinery, motor vehicles, transport equipment, chemicals; food, beverages

Total imports

US$566.8 billion f.o.b. (2008 estimate)

Import commodities

engineering products, chemicals, transport equipment, energy products, minerals and nonferrous metals, textiles and clothing; food

Exports - major partners

Germany 12.9%, France 11.4%, Spain 7.4%, US 6.8%, UK 5.8% (2007)

Imports - major partners

Germany 16.9%, France 9%, China 5.9%, Netherlands 5.5%, Belgium 4.3%, Spain 4.2% (2007)

FDI inflows

2008	2009	2010
US$-10,845 million	US$20,073 million(2009)	US$9,498 million(2009)

FDI outflows

2008	2009	2010
US$67,002 million	US$21,271 million	US$21,005 million

Value of cross-border M&A, by country of purchaser

2008	2009	2010	2011
US$21,358 million	US$17,505 million(2009)	US$-5,336 million(2009)	US$672 million

Cross-border M&A deals worth over $3 billion completed in 2008

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

Banca Monte dei Paschi di Siena SpA, Banca Antonveneta SpA, Italy, $13.2 billion
Finmeccanica SpA, DRS Technologies Inc, United States, $5.1 billion
Assicurazioni Generali SpA, Prvni Privatizacni Fond AS, Czech Republic, $4.9 billion

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 – 183. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 80 out of 183 countries(2009) (2010)

Subcategories:

Starting a business: 68 out of 183 countries(2009)

Registering property: 95 out of 183 countries

Paying Taxes: 128 out of 183 countries

Getting credit: 89 out of 183 countries

Protecting investors: 59 out of 183 countries

Trading across border: 59 out of 183 countries

Enforcing Contracts: 157 out of 183 countries

(2010)

Global competitiveness ranking
(ranking by country on a basis of 142, the first is the best)

(2011/2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 87 Score: 60.3 (Moderately Free) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW

Time zone

UTC+1

Total area

301,318 km² (2006)

Capital

Rome (2009)

Currency

euros (EUR) (2009)

Government type

republic (2009)

Languages

Italian (official), German (parts of Trentino-Alto Adige region are predominantly German speaking), French (small French-speaking minority in Valle d'Aosta region), Slovene (Slovene-speaking minority in the Trieste-Gorizia area)

Religions

Roman Catholic 90% (approximately; about one-third practicing), other 10% (includes mature Protestant and Jewish communities and a growing Muslim immigrant community)

Total population

1980	1990	2000	2010*	2015**
56.39 million	56.69 million	57.04 million	60.21 million	62.11 million

*Estimate **Forecast

Urban population as % of total population

1960	1980	2000	2009
59.4%	66.6%	67.2%	68.2%

Population median age

42.0 years (2006)

Population growth rate

0.6% (2009)

Life expectancy

81 years (2007)

Adult literacy

99% (2000/2007)

% of population living on less than $2 a day

N/A

Inequality of wealth distribution (Gini index)

36 (2000)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:1
Civil Liberties:2 (2010)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

171.1% (2010)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population

53.68% (Data were released in 2011 and refer to 2010)

Cost of living index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Rome: 34th (2011)

CO2 emissions
(Metric tons of CO2 per capita)

7.4641 (2008)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST TREASURY & CASH MANAGEMENT BANKS & PROVIDERS

2012:

Best Overall Bank for Cash Management UniCredit (Central and Eastern Europe, 2012)
Best Bank for Payments and Collections UniCredit (Central and Eastern Europe, 2012)

2011:

Best Overall Bank for Cash Management UniCredit (Central and Eastern Europe, 2011)
Best Bank for Liquidity Management UniCredit (Central and Eastern Europe, 2011)
Best Bank for Payments and Collections UniCredit (Central and Eastern Europe, 2011)

2010:

Best Overall Bank for Cash Management UniCredit (Central and Eastern Europe, 2010)
Best Bank for Liquidity Management UniCredit (Central and Eastern Europe, 2010)
Best Bank for Payments and Collections UniCredit (Central and Eastern Europe, 2010)

2009:

Best Bank for Payments and Collections UniCredit Group (Central and Eastern Europe, 2009)

WORLD'S BEST TRADE FINANCE BANKS & PROVIDERS

2012:

REGIONAL WINNERS UniCredit (Central and Eastern Europe, 2012)
COUNTRY WINNERS Intesa Sanpaolo (National, 2012)

2011:

REGIONAL WINNERS UniCredit Group (Central and Eastern Europe, 2011)
COUNTRY WINNERS Intesa Sanpaolo (National, 2011)

2010:

REGIONAL WINNERS UniCredit (Central and Eastern Europe, 2010)
COUNTRY WINNERS Intesa Sanpaolo (National, 2010)

2009:

REGIONAL WINNERS UniCredit (Central and Eastern Europe, 2009)
COUNTRY WINNERS Intesa Sanpaolo (National, 2009)

WORLD'S BEST DEVELOPED MARKET BANKS

2012:

Intesa Sanpaolo (National, 2012)

2011:

UniCredit (National, 2011)

2010:

Intesa Sanpaolo (National, 2010)

2009:

Intesa Sanpaolo (Europe, 2009)

WORLD'S BEST SUPPLY CHAIN FINANCE PROVIDERS

2011:

REGIONAL WINNERS UniCredit (Central and Eastern Europe, 2011)

2010:

REGIONAL WINNERS UniCredit (Central and Eastern Europe, 2010)

WORLD'S BEST INTERNET BANKS

2011:

COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2011)

2010:

COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2010)

2009:

COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (2009)

WORLD'S SAFEST BANKS

2011:

OVERALL SAFEST Cassa Depositi e Prestiti (Global, 2011)
OVERALL SAFEST Intesa Sanpaolo (Global, 2011)

2010:

OVERALL SAFEST Intesa Sanpaolo (Global, 2010)

2009:

OVERALL SAFEST InteS.A. S.A.npaolo (Global, 2009)

WORLD'S BEST SUB CUSTODIANS

2011:

REGIONAL WINNERS UniCredit (Central and Eastern Europe, 2011)
COUNTRY WINNERS Intesa Sanpaolo (National, 2011)

2010:

REGIONAL WINNERS UniCredit (Central and Eastern Europe, 2010)
COUNTRY WINNERS Intesa Sanpaolo (National, 2010)

2009:

COUNTRY WINNERS Intesa Sanpaolo (National, 2009)

WORLD'S BEST INVESTMENT BANKS

2012:

COUNTRY WINNERS Intesa San Paolo (National, 2012)

2011:

COUNTRY WINNERS Mediobanca (National, 2011)

2010:

COUNTRY WINNERS Mediobanca (National, 2010)

2009:

COUNTRY WINNERS Mediobanca (National, 2009)

CENTRAL BANKER REPORT CARD

2010:

Grade: A (Jean-Claude Trichet, 2010)

WORLD'S BIGGEST BANKS

2011:

OVERALL BIGGEST UniCredit (Global, 2011)
OVERALL BIGGEST Intesa Sanpaolo (Global, 2011)

2010:

OVERALL BIGGEST UniCredit (Global, 2010)
OVERALL BIGGEST Intesa Sanpaolo (Global, 2010)

WORLD'S BEST FOREIGN EXCHANGE PROVIDERS

2012:

COUNTRY WINNERS UniCredit (National, 2012)

2011:

COUNTRY WINNERS UniCredit (National, 2011)

2010:

COUNTRY WINNERS UniCredit (National, 2010)

2009:

COUNTRY WINNERS UniCredit (National, 2009)
REGIONAL WINNERS UniCredit (Central and Eastern Europe, 2009)

ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE

Italy GDP Data & Country Report | Global Finance

WORLD'S BEST TREASURY & CASH MANAGEMENT BANKS & PROVIDERS

2012:

2011:

2010:

2009:

WORLD'S BEST TRADE FINANCE BANKS & PROVIDERS

2012:

2011:

2010:

2009:

WORLD'S BEST DEVELOPED MARKET BANKS

2012:

2011:

2010:

2009:

WORLD'S BEST SUPPLY CHAIN FINANCE PROVIDERS

2011:

2010:

WORLD'S BEST INTERNET BANKS

2011:

2010:

2009:

WORLD'S SAFEST BANKS

2011:

2010:

2009:

WORLD'S BEST SUB CUSTODIANS

2011:

2010:

2009:

WORLD'S BEST INVESTMENT BANKS

2012:

2011:

2010:

2009:

CENTRAL BANKER REPORT CARD

2010:

WORLD'S BIGGEST BANKS

2011:

2010:

WORLD'S BEST FOREIGN EXCHANGE PROVIDERS

2012:

2011:

2010:

2009: