BEST BANKS 2014: EUROPE

BEST BANKS 2014: EUROPE

The region battled continuing recession or, at best, slow growth, a tightening regulatory environment and country-specific banking taxes or fines for past misdemeanors.

 
 
Source
Central bank

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

International Reserves

US$ 153.582 billion (Source: IMF; Data updated: 2014)

Gross Domestic Product - GDP

US$ 2.171 trillion (2014 estimate)

GDP (Purchasing Power Parity)

1.847 trillion of International dollars (2014 estimate)

Real GDP growth
2003 2004 2005 2006 2007 2008 2009 2010
0% 1.5% 0.9% 2.2% 1.7% -1.2% -5.5% 1.7%
2011 2012 2013 2014*        
0.5% -2.4% -1.9% 0.6%        

*Estimate

GDP per capita - current prices

US$ 36,216 (2014 estimate)

GDP per capita - PPP

$30,803 International Dollars (2014 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2014*
4.48% 4.12% 3.28% 2.38% 2.03%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 2% 
  • industry: 24.4% 
  • services: 73.5% (2013 estimate)
Gross domestic expenditure on R&D; (% of GDP)

1.3% (2011)

Inflation
2011 2012 2013 2014*
2.9% 3.3% 1.3% 0.7%

*Estimate

Unemployment rate
2011 2012 2013 2014*
8.4% 10.7% 12.2% 12.4%

*Estimate

Household saving rates

5.2% (Net saving; 2014 forecast)

Public debt (General government gross debt as a % of GDP)
2010 2011 2012 2013 2014*
119.3% 120.7% 127.0% 132.5% 134.5%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2010 2011 2012 2013 2014*
-4.4% -3.7% -2.9% -3.0% -2.7%

*Estimate   

Government bond ratings

Standard & Poor's: BBB

Moody's rating: Baa2

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Sept 2014)

Market value of publicly traded shares
2010* 2011 2012**
US$318.1 billion US$431.5 billion US$480.5 billion

*2010 Estimate     **2012 Estimate 

Largest companies in Italy

Eni, Enel, Generali Group, EXOR, UniCredit Group, Intesa Sanpaolo, Telecom Italia, Atlantia, Luxottica Group, Mediolanum, UBI Banca, Unipol Gruppo, Finmeccanica, Banco Popolare, Terna, Prada, Mediobanca, Banca MPS, Pirelli & C, Banca Popolare dell'Emilia, Cattolica Assicurazioni, Banca Popolare di Milano, Banca CARIGE, A2A, Banca Popolare di Sondrio, Credito Emiliano, Credito Valtellinese, Saras, Parmalat, Prysmian

 
 
Source
Current account balance

US$ 24.024 billion (2014 estimate)

Current account balance by percentage of GDP

1.106% of GDP (2014 estimate)

Exports as percent of GDP(Exports of goods and services)

30.4% (2013)

(Data released on Oct 2014)

Shares in world total merchandising export

2.72%(2012)

(Data were released in March 2014)

Shares in world total commercial services export

2.37% (2012)

(Data were released in 2014)

Total exports

US$474 billion (2013 estimate) 

Export commodities

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

Total imports

US$435.8 billion (2013 estimate) 

 
 
Source
Import commodities

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

Exports - major partners

Germany 12.63%, France 11.11%, United States 6.84%, Switzerland 5.72%, United Kingdom 4.72%, Spain 4.48% (2013 est.)

Imports - major partners

Germany 14.73%, France 8.4%, China 8.4%, Russia 6.35%, Netherlands 5.85%, Spain 4.54%, Belgium 4.09% (2013 est.)

FDI inflows
2011 2012 2013
US$ 34,324 million US$ 93 million US$ 16,508 million
FDI outflows
2011 2012 2013  
US$ 53,629 million US$ 7,980 million US$ 31,663 million  
Value of cross-border M&A;, by country of purchaser
2010 2011 2012 2013
US$ -5,190 million US$ 3,902 million US$ -1,633 million US$ 2,440 million
Cross-border M&A; deals worth over $3 billion completed in 2012(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

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

Cross-border M&A; deals worth over $3 billion completed in 2013 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

Investor Group, Total SA, France, 3.1;

(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 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Economies are ranked on their ease of doing business, from 1 - 189. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 65 out of 189 countries (2013)

Subcategories:

Starting a business: 90 out of 189 countries

Enforcing Contracts: 103 out of 189 countries

Registering Property: 34 out of 189 countries

Getting credit: 109 out of 189 countries

Protecting investors: 52 out of 189 countries

Trading across border: 56 out of 189 countries

Paying Taxes: 138 out of 189 countries

Dealing with Construction Permits: 112 out of 189 countries

Getting Electricity: 89 out of 189 countries

Resolving Insolvency: 33 out of 189 countries

(2013)

Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)

49

(2014-2015)

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 86 Score: 60.9 (Mostly Unfree) (2014)

(100=totally free 0=totally repressed )

 
 
Source
Time zone

UTC+1

Total area

301,340 sq km (2014)

Currency

euros (EUR) (2014)

Government type

republic (2014)

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

Christian 80% (overwhelmingly Roman Catholic with very small groups of Jehovah's Witnesses and Protestants), Muslim (about 800,000 to 1 million), Atheist and Agnostic 20%

Total population
1980 1990 2000 2014 2019*
56.39 million 56.69 million 56.92 million 59.96 million 61.19 million

*Estimate   

 
 
Source
Urban population as % of total population
1960 1980 2000 2011
59.4% 66.6% 67.2% 68.4%
Population median age

43 years (2010)

Population growth rate

0.3% (2014 estimate)

Life expectancy

82.03 years (2014 estimate)

Adult literacy

99% (2011 estimate)

% of population living on less than $2 a day

1.7% (2010)

Inequality of wealth distribution (Gini index)

35.5 (2010)

(Data were released in 2014, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:1
Civil Liberties:1 (2011)

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

Source
Total telephone subscribers as % of population

186.48% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population

56.8% (Data were released in 2012 and refer to 2011)

Cost of living - Mercer 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)

Source
CO2 emissions(Metric tons of CO2 per capita)

6.653 (Data were released in 2012 and refer to 2009)

World's Best Developed & Emerging Markets Banks

World’s Best Treasury & Cash Management Providers

World's Best Internet Banks

World’s Best Investment Banks

World's Best Subcustodian Banks

World's Safest

World's Best Banks By Region

World’s Best Foreign Exchange Providers

World's Best Banks

2013

Best of…

World’s Best Trade Finance Banks

World's Biggest Banks

Additional Awards