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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.
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.
Economy of Italy by province (1 C) * Economy of Italy-related lists (1 C, 9 P) B. Italian billionaires (55 P) Business in Italy (9 C, 1 P) C. Companies in the FTSE ...
Milan is the economic capital of Italy, [250] and a global financial centre and fashion capital of the world. Banca Monte dei Paschi di Siena, founded in 1472, is the world's oldest or second oldest bank in continuous operation. Eni is considered one of the world's oil and gas supermajors. [251]
Il sorpasso ([il sorĖpasso]; Italian for "the overtaking") is a term used by Italian press and commentators to designate Italy's 1987 overtaking of Britain's economy in nominal GDP terms. [1] Italy's per capita income reached $15,120 by 1989, compared with Britain's $14,160 (and the USA's $20,630). [2]
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Rome is a major EU and international financial, cultural, and business center. Rome's trade is 0.1% of world economic trade. With a 2005 GDP of €94.376 billion (US$121.5 billion), [1] the city produces 6.7% of the national GDP after Milan which provides 10%, and its unemployment rate, lowered from 11.1% to 6.5% between 2001 and 2005, is now one of the lowest rates of all the European Union ...
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 ...