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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%.
This growth produced a prosperous Renaissance economy that was advanced compared to European countries. Italy's leading sectors were textiles (woollen and silk workmanship, widely exported), banking services, and maritime transport. [2] During the 1600s, the economic system weakened and enterprises linked to the major urban centers declined.
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
This is a list of cities in the world by nominal gross domestic product (GDP). The United Nations uses three definitions for what constitutes a city, as not all cities may be classified using the same criteria. Cities may be defined as the cities proper, the extent of their urban area, or their metropolitan regions. [1]
Many of the leading GDP-per-capita (nominal) jurisdictions are tax havens whose economic data is artificially inflated by tax-driven corporate accounting entries. For instance, the Irish GDP data above is subject to material distortion by the tax planning activities of foreign multinationals in Ireland.
The economy of Italy is a highly developed social market economy. [30] It is the third-largest national economy in the European Union , the second-largest manufacturing industry in Europe (7th-largest in the world), [ 31 ] the 8th-largest economy in the world by nominal GDP , and the 11th-largest by GDP (PPP) .
US$1,527.621 billion 1,527.621 2022 [32] 3: San Francisco Bay Area United States: US$1,132.618 billion 1,132.618 2022 [32] 4: Chicago metropolitan area United States: US$855.679 billion 855.679 2022 [32] 5: Dallas–Fort Worth metroplex United States: US$688.928 billion 688.928 2022 [32] 6: Washington metropolitan area United States: US$660.626 ...
In three years the ERP gave away $12.4 billion (about 5% of the 1948 American GDP of $270 billion) for modernizing the economic and financial systems and rebuilding the industrial and human capital of war-torn Europe, including Britain, Germany, France, Italy and smaller nations.