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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.
The gross domestic product of India was estimated at 24.4% of the world's economy in 1500, 22.4% in 1600, 16% in 1820, and 12.1% in 1870. India's share of global GDP declined to less than 2% of global GDP by the time of its independence in 1947, and only rose gradually after the liberalization of its economy beginning in the 1990s.
List of Italian regions by GDP (billions of euro [1]) ; Region 2000 2010 2019 2010-2019 % GDP change % of nationwide 2019 GDP 1 Lombardy 259.86: 349.55: 468.77: 12.34: 22.28
Italy is considered a high-tax country, with a tax-to-GDP ratio of nearly 43%—well above the OECD average of 34%. However, the issue is the distribution of taxes, which distorts how much some ...
[7] [8] Since China's transition to a socialist market economy through controlled privatisation and deregulation, [9] [10] the country has seen its ranking increase from ninth in 1978, to second in 2010; China's economic growth accelerated during this period and its share of global nominal GDP surged from 2% in 1980 to 18% in 2021.
United States: North America: 476 2022 [4] 7.1 67 Maryland: State United States: North America: 470 2022 [4] 6.2 76 Eastern Province: Province Saudi Arabia: Asia: 460 2021 4.9 94 Arizona: State United States: North America: 459 2022 [4] 7.4 62 Minnesota: State United States: North America: 446 2022 [4] 5.7 78 Lombardy: Administrative Region ...
Il sorpasso ([il sorˈpasso]; 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]
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 ...