Economy of Italy
Population: 60.43 M (2018)
GDP per Capita: 34,483 USD (2018)
2,084 B.

GDP USD

(2018)

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655,450 M.

EXPORTS USD

(2018)

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603,370 M.

IMPORTS USD

(2018)

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134.80 %

PUBLIC DEBT

(2019)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 0.77 % (2018)
GDP of 2010 USD USD 2,141.20 B. (2018)
GDP Current USD USD 2,083.86 B. (2018)
GDP per Capita Current USD USD 34,483 (2018)
GDP per capita, PPP USD 35,828 (2018)
GDP per Capita, 2010 USD USD 35,432 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 19.02 % (2018)
Government Spending USD 396.34 B. (2018)
Government Debt % GDP 134.80 % (2019)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 129.28 (2018)
Trade Openness 60.41 % (2018)
Exports of Goods and Services % GDP 31.45 % (2018)
Exports Goods & Services USD 655.45 B. (2018)
Exports Annual Growth 1.79 % (2018)
Imports as % GDP 28.95 % (2018)
Total Imports USD 603.37 B. (2018)
Foreign Direct Investment % GDP 1.90 % (2018)
Foreign Direct Investment USD 30.90 B. (2018)
Current Account Balance % GDP USD 2.58 % (2018)
Current Account Balance USD 53.84 B. (2018)
Trade Balance % GDP 2.50 % (2018)
Trade Balance USD 52.49 B. (2018)
Foreign Exchange Reserves incl Gold USD 152.36 B. (2018)
Remittances % GDP 0.45 % (2018)
Remittances USD 2,333 M. (2018)
Balance of Payments USD 775 M. (2017)

Labor Market

Indicator Value
Labor Force 25.51 M. (2019)
Unemployment Rate 9.22 % (2019)
Unemployment Rate Females 10.84 % (2019)
Unemployment Rate Males 9.18 % (2019)
Youth Unemployment (ages 15-24) 28.70 % (2019)
Labor Force Participation Rate 48.68 % (2019)
Labor Force (Percent Female) 42.58 % (2019)
Female Labor Force Participation Rate 39.89 % (2019)
Male Labor Force Participation Rate 58.06 % (2019)
Dependent People 56.45 % (2018)

Agriculture Sector

Indicator Value
Forest Area 31.80 % (2016)
Forest Area km² 93,508 km² (2016)
Agricultural Land 43.23 % (2016)
Agricultural Land km² 127,170 km² (2016)
Employment 3.72 % (2019)
Value added % GDP 1.94 % (2018)
Agriculture Value added USD 40.44 B. (2018)
Crop Production Index 90.40 (2016)
Precipitation 832 mm (2014)
Arable Land 22 % (2016)
Cereal Yield 5,171 kg/hectare (2017)
Food production index 93 (2016)
Rural Population 30 % (2018)
Fertilizer use of Arable Land 130 kg/hectare (2016)
Livestock Production Index 93 (2016)
Economy of Italy

According to the World Bank and its latest published data, the economy of the Italy presents a growth rate of 0.77 % (2018) to the previous year.

With a population that reaches 60.43 M (2018) and a gross domestic product of USD 2,083.86 B. (2018), it translates a Gross Domestic Product per Capita of USD 34,483 placing its inhabitants on the threshold of an High-income country (according to the World Bank's updated classification).

Italy also has a workforce of 25.51 M. (2019) with an unemployment rate of 9.22 % (2019), where women represent 10.84 % (2019) and men 9.18 % (2019), the unemployment rate for young people between 15-24 years old stood at 28.70 % (2019). The total number of dependent people stands at 56.45 % (2018).

The central government spent 19.02 % (2018) of its gross domestic product that year, which in absolute terms is USD 396.34 B. (2018). Its consolidated public debt reached 134.80 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Italy exported USD 655.45 B. (2018), which represents 31.45 % (2018) of its gross domestic product, in that same sense its imports reached USD 603.37 B. (2018) with a direct foreign investment of USD 30.90 B. (2018).

Italy has a forest area of 93,508 km² (2016), which represents 31.80 % (2016) of its total area, an average rainfall of 832 mm (2014) per year and a population of 30 % (2018) living in rural areas. With a total area of 127,170 km² (2016) available for agriculture and 3.72 % (2019) of its employments, the agricultural sector contributes to the economy of the Italy about USD 40.44 B. (2018) (1.94 % (2018) of its GDP).