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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.
This is a list of bordering countries with the greatest relative differences in GDP (PPP) per person; specifically those pairs of neighbouring countries where the richer country is at least twice as wealthy on a per capita basis than the poorer.
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 ...
Italy will probably balance its primary budget this year, excluding interest payments on government debt, the economy minister said on Friday, as Rome prepares a medium-term fiscal plan for ...
The 2021 California economy compared to the rest of U.S. and other countries, showing the larger economies in nominal GDP terms California unemployment rate, 1976–2024 US unemployment rate
New economic data puts the California economy at $2.747 trillion — bigger than most nations. The ranking puts in fifth in the world, just ahead of the United Kingdom, which is on $2.625 trillion.
In the recent decades, however, Italy's economic growth has been particularly stagnant, with an average of 1.23% compared to an EU average of 2.28%. Previously, Italy's economy had accelerated from 0.7% growth in 1996 to 1.4% in 1999 and continued to rise to about 2.90% in 2000, which was closer to the EU projected growth rate of 3.10%.