No Longer All In The Family At Ferrero
Ferrero chocolates' new CEO, Lapo Civiletti, is the first non-family head in the company’s history.
Italy GDP and Economic Data
Country Report 2017 - Includes Italy real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.
Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Italy economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Italy best banks and safest banks are also available.
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International Reserves
USD 48.5 billion (2016)
International Monetary Fund (IMF), data retrieved January 2017
Gross Domestic Product - GDP
USD 1,895.3 billion (2017, estimate)
GDP (Purchasing Power Parity)
Intl$ 2,289.6 billion (2017, estimate)
Real GDP growth
| 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 |
| 2% | 1.5% | -1.1% | -5.5% | 1.7% | 0.6% | -2.8% |
| 2013 | 2014 | 2015 | 2016* | 2017* | ||
| -1.8% | -0.3% | 0.8% | 0.8% | 0.9% |
*Estimate
GDP per capita - current prices
USD 30,891.9 (2017, estimate)
GDP (PPP) - share of world total
| 1980 | 1990 | 2000 | 2010 | 2017* |
| 4.46% | 4.11% | 3.22% | 2.29% | 1.8% |
*Estimate
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GDP - composition by sector
- agriculture: 2.2%
- industry: 23.9%
- services: 73.8%
(2016 estimate)
Gross domestic expenditure on R&D; (% of GDP)
1.3% (2014)
OECD, data retrieved January 2017
Inflation
| 2013 | 2014 | 2015 | 2016* | 2017* |
| 1.2% | 0.2% | 0.1% | -0.1% | 0.5% |
*Estimate
Unemployment rate
| 2013 | 2014 | 2015* | 2016* | 2017* |
| 12.1% | 12.6% | 11.9% | 11.5% | 11.2% |
*Estimate
Public debt (General government gross debt as a % of GDP)
| 2013 | 2014 | 2015 | 2016* | 2017* |
| 129% | 132.5% | 132.7% | 133.2% | 133.4% |
*Estimate
Public deficit (General government net lending/borrowing as a % of GDP)
| 2013 | 2014 | 2015 | 2016* | 2017* |
| -2.9% | -3% | -2.6% | -2.5% | -2.2% |
*Estimate
Government bond ratings
Standard & Poor's: BBB-
Moody's: Baa2
Standard & Poor's / Moody's (Updated January 2017)
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Market value of publicly traded shares
| 2013 | 2014 | 2015 |
| USD 615.5 billion | USD 587.3 billion | N/A |
Largest companies
Intesa Sanpaolo, Enel, Generali Group, UniCredit Group, EXOR, Eni, Poste Italiane, Atlantia, Telecom Italia, Snam, Luxottica Group, Unipol Gruppo, Mediobanca, Finmeccanica, Terna, Banco Popolare, Banca Mediolanum, Banca MPS, UBI Banca, Banca Popolare di Milano, Cattolica Assicurazioni, Banca Popolare dell'Emilia, Credito Emiliano, Banca Popolare di Sondrio, Banca CARIGE, Prada, Credito Valtellinese.
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Current account balance by percentage of GDP
1.9% (2017 estimate)
Exports as percent of GDP (Exports of goods and services)
30.1% (2015)
Shares in world total merchandising export
2.8% (2015)
Shares in world total commercial services export
2.1% (2015)
Export commodities
Engineering products, textiles and clothing, production machinery, motor vehicles, transport equipment, chemicals; foodstuffs, beverages, and tobacco; minerals, nonferrous metals
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Import commodities
Engineering products, chemicals, transport equipment, energy products, minerals and nonferrous metals, textiles and clothing; food, beverages, tobacco
Exports - major partners
Germany 12.3%, France 10.3%, US 8.7%, UK 5.4%, Spain 4.8%, Switzerland 4.7% (2015)
Imports - major partners
Germany 15.4%, France 8.7%, China 7.7%, Netherlands 5.6%, Spain 5%, Belgium 4.7% (2015)
FDI inflows
| 2013 | 2014 | 2015 |
| USD 24,273 million | USD 23,223 million | USD 20,279 million |
FDI outflows
| 2013 | 2014 | 2015 |
| USD 25,134 million | USD 26,539 million | USD 27,607 million |
Value of cross-border M&A, by country of purchaser
| 2012 | 2013 | 2014 | 2015 |
| USD -1632.8 million | USD 2861.3 million | USD -4503.9 million | USD 3101.0 million |
Cross-border M&A deals worth over $3 billion completed in 2014
Sky Italian Holdings, Sky Italia Capital, Italy, USD 4.2 billion
Cross-border M&A deals worth over $3 billion completed in 2015
GTECH SpA, International Game Technology, United States, USD 6.2 billion
Best countries for doing business
Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.
Overall ranking: 50 out of 190 countries (2017)
Subcategories:
Starting a business: 63 out of 190 countries
Enforcing Contracts: 108 out of 190 countries
Registering Property: 24 out of 190 countries
Getting Credit: 101 out of 190 countries
Protecting Minority Investors: 42 out of 190 countries
Trading Across Borders: 1 out of 190 countries
Paying Taxes: 126 out of 190 countries
Dealing with Construction Permits: 86 out of 190 countries
Getting Electricity: 51 out of 190 countries
Resolving Insolvency: 25 out of 190 countries
Source
Global competitiveness ranking
44 out of 138 countries
(2016-2017)
Index of Economic Freedom
Ranking: 86 / Score: 61.17 (Moderately free) (2016)
(100=totally free 0=totally repressed)
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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
| 1990 | 2000 | 2010 | 2016* | 2021* |
| 56.694 million | 56.924 million | 59.19 million | 61.151 million | 62.168 million |
*Estimate
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Urban population as % of total population
| 1960 | 1980 | 2000 | 2015 |
| 59% | 67% | 67% | 69% |
Literacy
Total population: 99.2%
Male: 99.4%
Female: 99% (2015 est.)
(age 15 and over can read and write)
Inequality of wealth distribution (Gini index)
35.2 (2012)
(0=perfect equality, 100=absolute inequality)
Source
Freedom House rating
Political Rights: 1
Civil Liberties: 1 (2017)
(1 represents the most free, 7 the least free rating)
Source
Total telephone subscribers as % of population
Fixed 33.05% Mobile 142.12% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)