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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 .
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%.
Italian regions by GDP per capita (in euros, at current market prices) [2] Rank Region 2017 % of nationwide average 1 Trentino-Alto Adige/Südtirol: 39,750 137.54 2 Lombardy: 38,500 133.22 3 Emilia-Romagna: 35,800 123.88 4 Aosta Valley: 35,700 123.53 5 Veneto: 33,500 115.92 6 Lazio: 33,200 114.88 7 Liguria: 32,000 110.73 8 Friuli-Venezia Giulia ...
Slow spending of the EU funds, a perennial problem in Italy, is one of the reasons analysts say the Italian economy grew a measly 0.5% last year against a government forecast of 1.9% drawn up in ...
The regions of Italy (Italian: regioni d'Italia) ... Economy of regions and macroregions. GDP per capita 2018, EUR. Flag Name GDP 2018, million EUR [11]
Downtown Milan in the 1960s. The Italian economic miracle or Italian economic boom (Italian: il miracolo economico italiano or il boom economico italiano) is the term used by historians, economists, and the mass media [1] to designate the prolonged period of strong economic growth in Italy after World War II to the late 1960s, and in particular the years from 1958 to 1963. [2]
This article is about the gross regional domestic product (GRDP) per capita of Italian regions in nominal values. [1] Values are shown in EUR€ . For easy comparison, all the GRDP figures are converted into US$ according to annual average exchange rates.
Italy has been a member of the International Monetary Fund (IMF) since 1947, they joined in an effort to revive the economy after WWII. Currently Italy has a 3.02% vote share. Recently IMF have claimed that Italy's proposed budget which has a deficit of 2.4% of their GDP could lead to a recession that would last till the 2020s