Arriverderci Prime Minister Draghi
On Italian Prime Minister Mario Draghi's last day in office, the European Council in Brussels sent him off with a long applause and a celebratory video entitled “Arrivederci Mario.”
Italy GDP and Economic Data
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 210.69 billion (2020)
World Bank, last updated 12/16/2021
GDP (Purchasing Power Parity)
USD 2,120.23 billion (2021 estimate)
IMF - World Economic Outlook, October 2021
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Real GDP growth
| 2017 | 2018 | 2019 | 2020* | 2021* |
| 1.7% | 0.9% | 0.3% | –8.9% | 5.8% |
*Estimate
Source
GDP per capita - current prices
USD 35,584.88 (2021 estimate)
IMF - World Economic Outlook, October 2021
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GDP per capita - PPP
USD 45,267.35 (2021 estimate)
IMF - World Economic Outlook, October 2021
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GDP (PPP) - share of world total
1.87% (2021 estimate)
IMF - World Economic Outlook, October 2021
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GDP - composition by sector
- agriculture: 2.0%
- industry: 21.5%
- services: 66.8%
(2020)
Gross domestic expenditure on R&D; (% of GDP)
1.5% (2019)
Inflation
| 2017 | 2018 | 2019 | 2020* | 2021* |
| 1.3% | 1.2% | 0.6% | –0.1% | 1.7% |
*Estimate
Source
Unemployment rate
| 2017 | 2018 | 2019 | 2020* | 2021* |
| 11.3% | 10.7% | 10% | 9.3% | 10.3% |
*Estimate
Source
Public debt (General government gross debt as a % of GDP)
| 2017 | 2018 | 2019 | 2020* | 2021* |
| 134.1% | 134.4% | 134.6% | 155.8% | 154.8% |
*Estimate
Source
Public deficit (General government net lending/borrowing as a % of GDP)
| 2017 | 2018 | 2019 | 2020* | 2021* |
| 1.2% | 1.3% | 1.7% | –6.2% | –7.1% |
*Estimate
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Government bond ratings
Standard & Poor's: BBB
Moody's: Baa3
Standard & Poor's / Moody's (January 2022)
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Market value of publicly traded shares
USD 587.3 billion (2014)
Largest companies
Enel, Intesa Sanpaolo, Generali Group, Poste Italiane, Telecom Italia, Eni, UniCredit, Unipol Gruppo, Snam, Atlantia, Mediobanca, Terna, Ferrari, Leonardo, Banca Mediolanum, Banco BPM, FinecoBank, Banca MPS, BPER Banca, Credito Emiliano, A2A, Banca Popolare di Sondrio, Cattolica Assicurazioni
Forbes Global 2000 (2021)
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Current account balance
USD 78.8 billion (2021 estimate)
IMF - World Economic Outlook, October 2021
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Current account balance by percentage of GDP
3.7% (2021 estimate)
IMF - World Economic Outlook, October 2021
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Exports as percent of GDP (Exports of goods and services)
29.4% (2020)
Shares in world total merchandising export
2.8% (2020)
Shares in world total commercial services export
1.7% (2020)
Export commodities
Packaged medicines, cars and vehicle parts, refined petroleum, valves, trunks/cases, wine (2019)
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Import commodities
Crude petroleum, cars, packaged medicines, natural gas, refined petroleum (2019)
Exports - major partners
Germany 12%, France 11%, United States 10%, United Kingdom 5%, Spain 5%, Switzerland 5% (2019)
Imports - major partners
Germany 16%, France 9%, China 7%, Spain 5%, Netherlands 5%, Belgium 5% (2019)
FDI inflows
| 2019 | 2020 | 2021 |
| USD 37.7 billion | USD 18. billion | USD –388 million |
FDI outflows
| 2019 | 2020 | 2021 |
| USD 32.8 billion | USD 19.8 billion | USD 10.4 billion |
Value of cross-border M&A, by country of purchaser
| 2018 | 2019 | 2020 | 2021 |
| USD –5 billion | USD 34.3 billion | USD 5.7 billion | USD 5.7 billion |
Cross-border M&A deals worth over $3 billion completed in 2014
N/A
Cross-border M&A deals worth over $3 billion completed in 2015
N/A
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: 58 out of 190 countries
Subcategories:
Starting a Business: 98 out of 190 countries
Dealing with Construction Permits: 97 out of 190 countries
Getting Electricity: 38 out of 190 countries
Registering Property: 26 out of 190 countries
Getting Credit: 119 out of 190 countries
Protecting Minority Investors: 51 out of 190 countries
Paying Taxes: 128 out of 190 countries
Trading across Borders: 1 out of 190 countries
Enforcing Contracts: 122 out of 190 countries
Resolving Insolvency: 21 out of 190 countries
World Bank - Doing Business 2020
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Global competitiveness ranking
80 out of 141 (2019)
Index of Economic Freedom
Ranking: 57 / Score: 65.4 (Moderately Free)
The Heritage Foundation - 2022 Index of Economic Freedom
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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 83.3% (overwhelmingly Roman Catholic with very small groups of Jehovah's Witnesses and Protestants), Muslim 3.7%, unaffiliated 12.4%, other 0.6% (2010 est.)
Total population
| 1990 | 2000 | 2010 | 2015 | 2020* |
| 56.69 million | 56.92 million | 59.71 million | 60.8 million | 60.23 million |
*Estimate
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Urban population as % of total population
| 1960 | 1980 | 2000 | 2018 |
| 59.4% | 66.6% | 67.2% | 70.4% |
Literacy
Total population: 99.2%
Male: 99.4%
Female: 99%
Definition: age 15 and over can read and write (2015 est.)
Inequality of wealth distribution (Gini index)
35.4 (2015)
(0=perfect equality, 100=absolute inequality)
Source
Freedom House rating
Political Rights: 1
Civil Liberties: 1 (2019)
(1 represents the most free, 7 the least free rating)
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Total telephone subscribers as % of population
Fixed: 33.6% Mobile: 137.5% (2018) (fixed-telephone subscribers and mobile-cellular subscribers)