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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 greatest cases of inequity typically would involve an impoverished and politically unstable country neighbouring a resource-rich and relatively stable one, although neither may be recognised as a high-income economy. As an extreme example, the GDP per capita for Saudi Arabia, is over 42 times greater to that of its neighbour Yemen.
Italy, [a] officially the Italian Republic, [b] is a country in Southern [12] and Western Europe. [13] [c] It consists of a peninsula that extends into the Mediterranean Sea, with the Alps on its northern land border, as well as nearly 800 islands, notably Sicily and Sardinia. [15]
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 wake of the COVID-19 pandemic, and the global social and economic upheaval that followed, migrants ignored her message and came to the U.S. border in massive numbers. Illegal crossings ...
The surge of migrants since 2021, including asylum seekers and others, has lifted the U.S. and California economies by filling otherwise vacant jobs.
Economic recovery was particularly pronounced in central Italy beginning in 1450. Silk processing, as well as new industries, such as firearms and printing, spread. [19] The growth, which thus had its roots in the demographic crisis of the early Middle Ages, produced a flourishing Renaissance economy that was advanced compared to European ...
The economy of the State of California is the largest in the United States, with a $4.080 trillion gross state product (GSP) as of 2024. [1] It is the largest sub-national economy in the world.