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The economy of Italy is a highly developed social market economy. [31] It is the third-largest national economy in the European Union, the 8th-largest economy in the world by nominal GDP, and the 11th-largest by PPP-adjusted GDP. The country has the second-largest manufacturing industry in Europe, which is also the 7th-largest in the world.
According to the California Department of Food and Agriculture, "California agriculture is a $42.6 billion dollar industry that generates at least $100 billion in related economic activity." [ 37 ] The state's agricultural sales first exceeded $30 billion in 2004, [ 33 ] making it more than twice the size of any other state's agriculture industry.
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The IMF also warned Italy that the passing of their proposed budget could result in a recession that could last until the mid 2020s. [7] Italy's economy has been in turmoil since 2008 and the IMF predicts that at the current growth rate the anti-EU government will prolong Italy in reaching the economic prosperity it had prior to the collapse.
Il sorpasso ([il sorĖpasso]; Italian for "the overtaking") is a term used by Italian press and commentators to designate Italy's 1987 overtaking of Britain's economy in nominal GDP terms. [1] Italy's per capita income reached $15,120 by 1989, compared with Britain's $14,160 (and the USA's $20,630). [2]
Rome is a major EU and international financial, cultural, and business center. Rome's trade is 0.1% of world economic trade. With a 2005 GDP of €94.376 billion (US$121.5 billion), [1] the city produces 6.7% of the national GDP after Milan which provides 10%, and its unemployment rate, lowered from 11.1% to 6.5% between 2001 and 2005, is now one of the lowest rates of all the European Union ...
Italy is the world's largest wine producer (22% of global market), as well as the country with the widest variety of indigenous grapevine in the world. [ 1 ] [ 2 ] [ 3 ] . Agriculture in Italy , one of the economic sectors of the country , has developed since the 5th millennium BC .
The Mezzogiorno (large definition in clear rose, narrow definition in dark rose) Map of Italian regions by GDP per capita in euros (2015). The term southern question indicates, in Italian historiography, the perception, which developed in the post-unification context, [1] of the situation of persistent backwardness in the socioeconomic development of the regions of southern Italy compared to ...