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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.
Rank County Largest city State County GDP (billion 2012 US$) [2] County GDP per capita (2012 US$) d County population, 2020/2022 e; 1 Los Angeles: Los Angeles: California
As of 2025, the New York metropolitan area is the world’s principal fintech and financial center [1] [2] and the largest metropolitan economy in the world, with a nominal gross metropolitan product of over US$2.5 trillion. [3] This is a list of cities in the world by nominal gross domestic product (GDP).
“The Beige Book points to more of a slowdown in hiring and economic activity than reported in the ‘hard’ indicators of the U.S. economy, like the jobs report or real GDP,” Bill Adams ...
According to the California Department of Food and Agriculture, "California agriculture is a $42.6 billion dollar industry that generates at least $100 billion in related economic activity." [ 37 ] The state's agricultural sales first exceeded $30 billion in 2004, [ 33 ] making it more than twice the size of any other state's agriculture industry.
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Unemployment is low under Biden--but it was also low under Trump
The IMF also warned Italy that the passing of their proposed budget could result in a recession that could last until the mid 2020s. [7] Italy's economy has been in turmoil since 2008 and the IMF predicts that at the current growth rate the anti-EU government will prolong Italy in reaching the economic prosperity it had prior to the collapse.