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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.
Italy: 28,900: 100.00: Provincial GDP. All provinces and metropolitan cities of Italy by GDP and GDP per capita in 2021. [3] Province Region 2021 GDP (in mil. of Euro)
[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.
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 ...
This is a list and map of European states by GDP per capita.. The figures presented do not take into account differences in the cost of living in different countries, and the results vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency.
For easy comparison, all the GRDP figures are converted into US$ according to annual average exchange rates. [ 2 ] [ n 1 ] All values are rounded to the nearest hundred. Note: Trentino-Alto Adige has separate values measured for the two self-governing provinces that make up the region—the Province of Trento, commonly known as Trentino , and ...
In 2023, Germany, France and Italy were the three largest economies in the European Union, accounting for approximately 53.1% of the EU's total GDP. Germany contributed 24.3%, while France accounted for 16.4% and Italy for 12.4%. [29] In the same year, the social welfare expenditure of the European Union (EU) as a whole was 26.8% of its GDP ...
This is a list of European Union regions (NUTS2 regions) sorted by their gross domestic product (GDP). Eurostat calculates the GDP based on the information provided by national statistics institutes affiliated to Eurostat.