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.
A Large, Sophisticated Economy
As the eighth-largest global economy, Italy excels in the business and financial services sectors, in agricultural and industrial production, and in scientific and information technology research, as well as tourism and high-end fashion and design. A founding member of the European Union, and strategically positioned near markets in North Africa and the Middle East, it is a major recipient of foreign investment. While small and medium-sized enterprises, which make up 99.9% of the total, are the main drivers of Italy’s prosperity, the informal sector still plays a significant role, and regulatory and fiscal complexities remain an obstacle to stronger economic growth.
Italy GDP & Economic Overview
Key Facts
Total Area | 301,340 sq km |
---|---|
Type of Government | Parliamentary republic |
Capital City | Milan |
Total Population | 58.941 million |
Median Age | 47.7 |
Total GDP | USD 2,169,750 millions |
Adult Per Capita Income (PPP) | USD 49,672.51 |
Italy
Trade & Finance
International Trade
Total Exports | USD 674,855 million |
---|---|
Major Exports |
Packaged medicines Cars and vehicle parts Refined petroleum Vaccines and cultures Jewelry |
Major Trade Partners – Export |
Germany United States France Spain Switzerland |
Total Imports | USD 663,695 million |
Major Imports |
Crude and petroleum Cars Package medicines Natural gas |
Major Trade Partners – Imports |
Germany France China Netherlands Spain |
Inbound and Outbound Investment
Data Shows Germany’s Debt Load To Be Among
Europe’s Heaviest
The chart at left compares Italy’s debt-to-GDP ratio to the regional average. It illustrates how the country has been unable at keeping its debt burden in line with national productive capacity.
Italy's Leading Companies
Manufacturing, oil & gas, AI | Enel |
---|---|
Energy | Eni |
Insurance and finance | Generali Group |
Telecom | Telecom Italia |
Automotive | Stellantis |
Aerospace and defense | Leonardo |
Global Finance Rankings & Awards: Italy
Global Finance Magazine holds several conferences and awards ceremonies throughout the year to recognize the winning financial institutions and companies in a host of categories including World’s Best Trade Finance Banks, World's Biggest Banks, World's Safest Banks, World's Best Developed & Emerging Markets Banks, World's Best Internet Banks, and World’s Best Investment Banks.
Data Sources:
IMF World Economic Outlook
UN World Population Prospects
World Inequality Report
S&P Global Ratings
Moody’s
Fitch Ratings
IMF Direction of Trade Statistics (DOTS)
UN Conference on Trade and Development (UNCTAD)
CIA The World Factbook
World Bank’s World Integrated Trade Solution
Forbes Global 2000