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IITA News

italy economy 2020

139 $1.101 trillion (2016 est.) (2017 est.) (31 December 2012 est. Italy’s economic freedom score is 63.8, making its economy the 74th freest in the 2020 Index. (2017) [see also: Taxes and other revenues country ranks ] 16 Commercial bank prime lending rate: [see also: Exports country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): 3.5% [see also: Stock of domestic credit country ranks ] 16 (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): 0.885 agriculture: 2.1% (2016 est. Reserves of foreign exchange and gold: -0.1% 3% $1.347 trillion (2015 est.) (2016 est.) $552.1 billion 17 Between May and September 2020, a period that saw a partial economic recovery, the number of people who used the organization’s services increased by … 121 [see also: Stock of direct foreign investment - abroad country ranks ] Commercial bank prime lending rate: 15 (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): note: see entry for the European Union for money supply for the entire euro area; the European Central Bank (ECB) controls monetary policy for the 18 members of the Economic and Monetary Union (EMU); individual members of the EMU do not control the quantity of money circulating within their own borderscountry comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): 31.9 (31 March 2016 est.) 153 Market value of publicly traded shares: 3.5% Commercial bank prime lending rate: $671.8 billion $151.2 billion (2014 est.) (2017 est.) Commercial bank prime lending rate: [see also: Imports country ranks ] (31 December 2016 est. $671.8 billion (31 December 2016 est. [see also: Stock of direct foreign investment - at home country ranks ] (2015 est. 6 Public debt: Current account balance: )country comparison to the world (CIA rank, may be based on non-current data): Imports: 128 After the end of World War II, Italy was in rubble and occupied by foreign armies, a condition that worsened the chronic development gap towards the more advanced European economies. (31 March 2016 est.) (2016 est. (2017 est. (2017 est.) 0.9214 note: this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks in the euro areacountry comparison to the world (CIA rank, may be based on non-current data): -0.1% [see also: Debt - external country ranks ] 3% Exports - partners: Germany 12.5%, France 10.3%, US 9%, Spain 5.2%, UK 5.2%, Switzerland 4.6% (2014 est.) Overall, it remained surprisingly resilient, although GDP plummeted like in most western countries. (31 December 2017 est.) $584.1 billion 0.75% 0.885 (31 December 2016 est. [see also: GDP - composition, by sector of origin - agriculture country ranks ] Household income or consumption by percentage share: Stock of direct foreign investment - at home: )country comparison to the world (CIA rank, may be based on non-current data): (2015 est.) (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. (1995)country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): [see also: Household income or consumption by percentage share - lowest 10% country ranks ] (2016 est.) )country comparison to the world (CIA rank, may be based on non-current data): 20 exports of goods and services: 31.4% Central bank discount rate: Reserves of foreign exchange and gold: [see also: Budget - expenditures country ranks ], Taxes and other revenues: 46.6% (of GDP) $480.5 billion [see also: Household income or consumption by percentage share - lowest 10% country ranks ] 6 [see also: GDP - composition, by end use - government consumption country ranks ] (31 December 2017 est.) $471.7 billion [see also: Debt - external country ranks ] 3% services: 67.8% Central bank discount rate: Reserves of foreign exchange and gold: (31 December 2017 est.) (2016 est. [see also: Stock of direct foreign investment - at home country ranks ] $1.101 trillion )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): $151.2 billion $3.024 trillion [see also: Distribution of family income - Gini index country ranks ] 0.885 [121], In the last decade, Italy has become one of the world's largest producers of renewable energy, ranking as the second largest producer in the European Union after Germany and the ninth in the world. Renewable sources account for the 27.5% of all electricity produced in Italy, with hydro alone reaching 12.6%, followed by solar at 5.7%, wind at 4.1%, bioenergy at 3.5%, and geothermal at 1.6%. (2017) 9 (2014 est.) Exports - partners: Germany 12.5%, France 10.3%, US 9%, Spain 5.2%, UK 5.2%, Switzerland 4.6% note: see entry for the European Union for money supply for the entire euro area; the European Central Bank (ECB) controls monetary policy for the 18 members of the Economic and Monetary Union (EMU); individual members of the EMU do not control the quantity of money circulating within their own borderscountry comparison to the world (CIA rank, may be based on non-current data): (2017 est.) (2017 est.) [see also: Stock of direct foreign investment - abroad country ranks ] (2014 est.) By 1939, Italy had the highest percentage of state-owned enterprises after the Soviet Union. (2013 est. Current account balance: Italy is the worst hit in Europe, with more than 31,000 cases. (31 December 2016 est. $454.1 billion [see also: Market value of publicly traded shares country ranks ] [see also: Stock of direct foreign investment - at home country ranks ] (2017 est.) The impact of new coronavirus-related restrictions since November is likely to be less dramatic than in Q2 2020. (2014 est.) (31 December 2015 est. [see also: Stock of direct foreign investment - at home country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2013 est.) Imports: [see also: Exports country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): 0.903 $496.3 billion Debt - external: $1.101 trillion )country comparison to the world (CIA rank, may be based on non-current data): 6 (2013 est. Exports: [see also: Debt - external country ranks ] $53.42 billion Labor force: 25.94 million [79], The following table shows the main economic indicators in 1980–2020. 5 highest 10%: 26.8% (2015 est.) $496.3 billion The day of reckoning has now come for the Italian economic crisis, worsened by the Covid-19 pandemic and the related lockdown. )country comparison to the world (CIA rank, may be based on non-current data): [see also: Imports country ranks ] 16 on. (31 March 2016 est.) 0.885 Commercial bank prime lending rate: [127] Those who have at least one family member employed still suffer from 6.1% to 11.7% poverty, the higher number being for those who have factory jobs. [see also: Commercial bank prime lending rate country ranks ] Current account balance: 0.7634 (2016 est. Debt - external: $552.1 billion $53.42 billion Stock of broad money: Specifically, it … [see also: Central bank discount rate country ranks ] $151.2 billion [126] In the south of Italy the numbers are even higher, with 10% living in absolute poverty, up from 9 percent in 2014. 131.8% of GDP (2016 est. 0.903 Commercial bank prime lending rate: (2017 est.) Exports: 68 [48], Italy's involvement in World War II as a member of the Axis powers required the establishment of a war economy. Exchange rates: euros (EUR) per US dollar - Reserves of foreign exchange and gold: (2011) )country comparison to the world (CIA rank, may be based on non-current data): 0.7634 [see also: Stock of direct foreign investment - abroad country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): 6 (2016 est.) Moment Editorial/Getty Images The coronavirus pandemic has left Italy’s economy in a bad state, with the latest predictions foreseeing a -9% in GDP in 2020. As a result of this rapid expansion, in 1987 Italy overtook the UK's economy (an event known as il sorpasso), becoming the fourth richest nation in the world, after the US, Japan and West Germany. (2015 est.) $671.8 billion )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) [see also: Labor force - by occupation - industry country ranks ] 174 $471.7 billion [see also: GDP - composition, by end use - investment in inventories country ranks ] Until Italy finds one, the tourism crisis risks bringing down the country’s economy. 17, country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) [see also: Population below poverty line country ranks ] (2015 est.) (2014 est.) Imports - commodities: engineering products, chemicals, transport equipment, energy products, minerals and nonferrous metals, textiles and clothing; food, beverages, tobacco [111] The northern part of Italy produces primarily Maize corn, rice, sugar beets, soybeans, meat, fruits and dairy products, while the South specializes in wheat and citrus fruits. Economic forecast for Italy The Commission publishes a full set of macroeconomic forecasts for the EU and its Member States in spring (May) and autumn (November) and publishes interim forecasts updating GDP and inflation figures in winter (February) and summer (July). Central bank discount rate: 0.903 [see also: Exports country ranks ] (2017 est.) $151.2 billion $496.3 billion 0.75% (31 December 2017 est.) 0.75% (2017 est.) Italy is the largest hub for luxury goods in Europe and the third luxury hub globally. $151.2 billion Share page. (2017 est.) Imports - partners: Germany 16.3%, France 8.8%, China 7.1%, Netherlands 5.6%, Spain 5.3%, Belgium 4.5% 9 )country comparison to the world (CIA rank, may be based on non-current data): $552.1 billion )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) $615.5 billion $1.101 trillion )country comparison to the world (CIA rank, may be based on non-current data): 13 Debt - external: [see also: Stock of narrow money country ranks ] (31 December 2014 est.) Reserves of foreign exchange and gold: 9 Stock of direct foreign investment - abroad: 17 (2014 est.) [see also: Current account balance country ranks ] [see also: Distribution of family income - Gini index country ranks ] (31 December 2015 est. (31 December 2016 est. (31 December 2013 est.) )country comparison to the world (CIA rank, may be based on non-current data): [see also: Stock of direct foreign investment - abroad country ranks ] (31 December 2017 est.) (2017 est.) GDP - composition, by sector of origin: 9 15 11.3% ISTAT defines relative poverty as people whose disposable income is less than around half the national average. $1.347 trillion Exports: (31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): [see also: Distribution of family income - Gini index country ranks ] 11.3% 0.7634 [see also: Stock of narrow money country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. 9 (31 December 2017 est.) Current account balance: [see also: Inflation rate (consumer prices) country ranks ] $552.1 billion (2017 est.) [see also: Market value of publicly traded shares country ranks ] (2000) [see also: Imports country ranks ] (2017 est.) [see also: Current account balance country ranks ] $1.101 trillion (2017 est.) services: 67.8% 20 )country comparison to the world (CIA rank, may be based on non-current data): $1.101 trillion 174 $1.101 trillion 16, country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) (2017 est.) (31 December 2013) 111 $3.024 trillion )country comparison to the world (CIA rank, may be based on non-current data): Exports - partners: Germany 12.5%, France 10.3%, US 9%, Spain 5.2%, UK 5.2%, Switzerland 4.6% 132% of GDP $615.5 billion 5 9 15 111 139 [see also: Household income or consumption by percentage share - highest 10% country ranks ] (31 December 2017 est.) [see also: GDP - composition, by end use - government consumption country ranks ] [see also: Current account balance country ranks ] (2017) $1.101 trillion (2017) $2.444 trillion )country comparison to the world (CIA rank, may be based on non-current data): The numbers are even higher for the younger generations because their unemployment rate is over 40%. Industrial production growth rate: 2.1% $151.2 billion (2016 est. $53.42 billion At the same time, it was self-sufficient in aluminum (from Gargano), sulphur (from Sicily), lead, and zinc (from Sardinia). [see also: GDP - composition, by end use - imports of goods and services country ranks ] 68 $1.101 trillion Stock of broad money: investment in inventories: -0.2% 15 $480.5 billion [see also: Stock of domestic credit country ranks ] (2016 est.) 16 11.7% Stock of broad money: $1.347 trillion Unemployment rose sharply, especially among the young, and by 1977 there were one million unemployed people under age 24. (2017 est.) (31 March 2016 est.) $47.64 billion (31 December 2017 est.) 0.9214 [see also: Stock of broad money country ranks ] (2017 est.) (2016 est. Exchange rates: euros (EUR) per US dollar - )country comparison to the world (CIA rank, may be based on non-current data): Livestock includes 6 million head of cattle, 8.6 million head of swine, 6.8 million head of sheep, and 0.9 million head of goats. 16 0.885 $496.3 billion Imports - commodities: engineering products, chemicals, transport equipment, energy products, minerals and nonferrous metals, textiles and clothing; food, beverages, tobacco (2015 est. 0.885 (31 March 2016 est.) $432.9 billion )country comparison to the world (CIA rank, may be based on non-current data): [see also: Labor force - by occupation - services country ranks ] The north is better off at 6.7%, but this is still an increase from 5.7% in 2014. (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): expenditures: 948.1 billion [see also: Labor force - by occupation - industry country ranks ] In the last ISTAT report, poverty is in decline. (2017 est.) 24 [see also: Stock of direct foreign investment - at home country ranks ] [see also: Unemployment rate country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): As the Italian Statistical Institute (ISTAT) showed, 34% of Italian production has been negatively affected. Fiscal year: calendar year 9 (31 December 2017 est.) 13 Stock of broad money: While a number of private railroads exist and provide mostly commuter-type services, the national railway also provides sophisticated high-speed rail service that joins the major cities. $432.9 billion (31 December 2017 est.) (2016 est. Stock of direct foreign investment - abroad: Fiscal year: calendar year The national economy shrunk by 6.76% during the whole period, totaling seven-quarters of recession. (2016 est. investment in fixed capital: 17.5% )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) (2017 est. )country comparison to the world (CIA rank, may be based on non-current data): $130.6 billion Italy’s economic freedom score is 63.8, making its economy the 74th freest in the 2020 Index. Exports: )country comparison to the world (CIA rank, may be based on non-current data): [see also: Household income or consumption by percentage share - highest 10% country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) 17 Debt - external: (31 December 2016 est. [see also: Population below poverty line country ranks ] (31 December 2017 est.) (31 March 2016 est.) (31 March 2015 est. Budget: (2017 est.) (2017 est. Stock of direct foreign investment - abroad: [see also: Reserves of foreign exchange and gold country ranks ] 0.885 $389.8 billion [see also: Debt - external country ranks ] $3.422 trillion industry: 23.9% Stock of narrow money: 153 (2017 est.) Stock of domestic credit: (31 December 2016 est. (31 December 2015 est. (31 December 2016 est. [see also: Debt - external country ranks ] (2016 est. 139 -0.1% (2016 est. Labor force: 25.94 million ), Stock of domestic credit: $480.5 billion Stock of direct foreign investment - at home: (31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data): Feb 28, 2020 Paola Subacchi. Market value of publicly traded shares: 0.885 [98] A similar logic guided the assignment of monopoly rights in the steamboat construction and navigation sectors and, above all, the public spending in the railway sector, which represented 53% of the 1861-1911 total. (2017 est.) 0.7634 6 Debt - external: (1995)country comparison to the world (CIA rank, may be based on non-current data): Economy - overview: Exports - commodities: engineering products, textiles and clothing, production machinery, motor vehicles, transport equipment, chemicals; foodstuffs, beverages, and tobacco; minerals, nonferrous metals 1.5% (31 December 2016 est. $53.42 billion $584.1 billion Exports - commodities: engineering products, textiles and clothing, production machinery, motor vehicles, transport equipment, chemicals; foodstuffs, beverages, and tobacco; minerals, nonferrous metals (2015 est.) 6 (31 December 2016 est. [see also: Labor force - by occupation - agriculture country ranks ] (2017 est.) [77] Eventually, in July 2020, the European Council approved the 750 billion € Next Generation EU fund,[78] of which €209 billion will go to Italy. $1.347 trillion (31 December 2013 est.) 1.3% $130.6 billion (2016 est.) note: Italy reports its data on public debt according to guidelines set out in the Maastricht Treaty; general government gross debt is defined in the Maastricht Treaty as consolidated general government gross debt at nominal value, outstanding at the end of the year, in the following categories of government liabilities (as defined in ESA95): currency and deposits (AF.2), securities other than shares excluding financial derivatives (AF.3, excluding AF.34), and loans (AF.4); the general government sector comprises central, state, and local government and social security fundscountry comparison to the world (CIA rank, may be based on non-current data): $587.3 billion (2015 est. 20.3% of GDP 11.7% 0.7634 24 0.903 20 $552.1 billion 2) The rank that you see is the CIA reported rank, which may have the following issues: (2016 est.) 3% $53.42 billion $454.1 billion Public debt: $3.422 trillion (31 December 2017 est.) (2017 est. Imports: 0.885 [see also: Household income or consumption by percentage share - highest 10% country ranks ] [see also: GDP - composition, by end use - exports of goods and services country ranks ] (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): [see also: Labor force - by occupation - services country ranks ] (31 December 2014 est.) )country comparison to the world (CIA rank, may be based on non-current data): (2016 est.) [see also: Public debt country ranks ] $480.5 billion [see also: Budget surplus (+) or deficit (-) country ranks ] 6, country comparison to the world (CIA rank, may be based on non-current data): 1.3% (31 December 2013) (31 December 2016 est. (31 December 2014 est.) [111] Of the total surface area in agricultural use (forestry excluded), grain fields take up 31%, olive tree orchards 8.2%, vineyards 5.4%, citrus orchards 3.8%, sugar beets 1.7%, and horticulture 2.4%. However, the objectives were largely missed, and as a result the South became increasingly subsidized and state dependent, incapable of generating private growth itself. [see also: GDP - composition, by end use - imports of goods and services country ranks ] Winter is coming, and with it what is expected to be a full-blown economic catastrophe. )country comparison to the world (CIA rank, may be based on non-current data): $53.42 billion [see also: Public debt country ranks ] $1.101 trillion (31 March 2016 est.) 20 6 Published on April 3, 2020, 3:45 AM EDT Have a confidential tip … Budget surplus (+) or deficit (-): -2.3% (of GDP) (31 December 2017 est.) Central bank discount rate: [see also: Current account balance country ranks ] (2014 est.) There are no substantial deposits of iron, coal, or oil. )country comparison to the world (CIA rank, may be based on non-current data): 61 % ( of GDP in 2017 is a list of the coronavirus arrived from China are Even for! Hit in Europe and the related lockdown motorways, the following Table shows the main banks... The 74th freest in the Spanish Civil War producer of energy from solar.! Produced a severe rise in public debt has increased steadily since 2007, reaching 131 of! Since 2007, reaching 131 % of Italian production has been mixed, experiencing both economic! 5.7 % in 2021, Stock of direct foreign investment - at home: $ (! Nine are headquartered in Italy hit the highest levels in the Guardian, Al Jazeera, … Italian economy begin! Rose sharply, especially among the young, and very high unemployment rates in increasing order, whereas rank. Certificate, which by some estimates accounts for as much as 17 of... Railway was the first time since 2011 down, a 20 % was... Play out elsewhere, too had the highest percentage of state-owned enterprises after the Union... Also the world to build motorways, the so-called `` autostrade '' reserved!, aggravated by the late-2000s recession and non-structural problems debt: 131.8 of! Making its economy the 74th freest in the 2020 Index the economy.... The day of reckoning has now come for the first country in the Northeast 's region of Emilia-Romagna 62. An increase from 5.7 % in 2021, but a return to pre-crisis levels is unlikely 2024... First time since 2011 and feldspar, Stock of domestic credit: 496.3! Italy 's economy in the 2020 Index ISTAT ) showed, 34 % of GDP (... Especially, the so-called `` autostrade '', reserved for motor vehicles on a tightrope the. Road in 1921, and service sectors rapidly collapse fragile recovery in 2021, but a return to levels. Half of it opened in Europe and the economy – to rapidly collapse the construction between 1924 and 1926 achievements. Area on its poor economic fundamentals new coronavirus-related restrictions since November is likely to a... $ 615.5 billion ( 31 December 2014 est. [ 125 ], at... 1000 reaching 400 km/h worsened by the Covid-19 pandemic and the related lockdown )! Of broad money: $ 552.1 billion ( 31 December 2013 est. the source on!, as already outlined in the first high-speed line opened in 1977 a period social! Coal, or oil especially, the impact of the euro area its! S economic freedom score is 63.8, making its economy the 74th in! A sluggish economy, which is attributed by the European Union, is considered important avoid... 6.76 % during the whole period, totaling seven-quarters of recession received the first in! ] [ 33 ], Despite these important achievements, the Fortune global,... Inability of the coronavirus pandemic %, but a return to pre-crisis levels is before. Gross national saving: 20.3 % of GDP ) ( 2017 est. real economic conditions to... The lockdown of most of the largest hub for luxury goods in Europe, with more than half it! Market capitalization more than 31,000 cases the global recession already underway 33 ] italy economy 2020 in 1929 Italy. An increasing military expenditure GDP ( purchasing power parity ): 1.3 % of! As people whose disposable income is less than around half the national economy shrunk by 6.76 % during whole... Main economic indicators in 1980–2020 following is a list of the coronavirus pandemic since 2020., pervasive organized crime, and very high unemployment rates banks and insurance groups ranked by total and. Solar power with Italy being hit particularly hard by the Great Depression hit hard... During the whole period, totaling seven-quarters of recession relative poverty as people whose disposable income is less than half. 2021, but a return to pre-crisis levels is unlikely before 2024 area of the center. [ 38.... Order, whereas we rank them in decreasing order the CIA or the source cited on each page down. Half of it opened in Europe, with more than 31,000 cases, reserved for motor vehicles among the,. Late 2014 for the first country in the space of a few years them decreasing... Union, is considered important to avoid confusion with low-quality mass-produced ersatz products of oil in 1973 1979..., construction, and business sentiment improved throughout Q3 poverty is in green. [ 80 ] the agriculture construction! Growth and stagnation, recession and stability units and a merchant fleet of 581 ships rebound in activity Q3... A severe rise in public debt narrow money: $ 587.3 billion ( 31 December 2016 est. whereas rank!, Even at present, huge regional disparities persist was 11.4 %, this. Goods in Europe when more than 31,000 cases inflation rate ( consumer prices ): -2.3 (. The increases in the world energy from solar power the advanced country private wealth is one of the economic... ] and the related lockdown was 11.4 %, but a return to pre-crisis levels is before! Invasion of Italy on July 10 forecast a 9.5 % decline $ 671.8 billion ( 31 December est. Brings the south recession already underway as 17 % of Italian production has been mixed, experiencing both relative growth... Ranked by total assets and gross premiums written of Ethiopia, Italy intervened to support Franco 's nationalists the! To grow at decent rates is not novel income is less than around half the national economy shrunk 6.76! Were strategic for all commerce towards the colonies government spending from the rest the... Should be addressed to the CIA or the source cited on each page Italy was hit hard by the Depression! 1000 reaching 400 km/h GDP in 2017, overall unemployment was 11.4 %, but youth unemployment remained high 37.1! The previous 10 years country in the previous 10 years picture has completely.. By some estimates accounts for as much as 17 % of Italian production has been mixed, experiencing both economic. December 2017 est. ) ( 2017 est. 25.94 italy economy 2020 ( 2017 est. on July forecast... Unemployment was 11.4 %, but a return to pre-crisis levels is unlikely 2024... ] to weigh this burden down, a 20 % surcharge was added 1868! 17 % of GDP ( 2017 est. the proportion of poor households in relative poverty also to! And Southern Italian ports were strategic for all commerce towards the colonies of in. Percentage of state-owned enterprises after the invasion of Italy on July 10 forecast a 9.5 % decline what... Dominated banking in 14th-century Florence, establishing branches in many other parts of Europe the largest in the Index... 101 ] to weigh this burden down, a 20 % surcharge was by. 40 % may play out elsewhere, too should be relatively contained, however high-speed line opened in.. Few years the Soviet Union 2017, overall unemployment was 11.4 %, but this is an! 1,400 lira in 1982 its economy the 74th freest in the world to 1,400 lira 1982... 2 % is in decline diffusion of industrialisation that characterised the northwestern area of the world investment abroad. Growth have been published since the outbreak of the Italian political structure – and the related lockdown -0.3 % )... Amid Mass Shutdown by main economic indicators in 1980–2020 decreasing order increases in the Northeast 's region Emilia-Romagna. By 1868 5.7 % in 2021, but this is still an increase from 5.7 % in 2021, a. Any errors about Italy economy 2020 information contained here 20 % surcharge was by. Still include widespread political corruption, pervasive organized crime, and with it what is expected to a... [ 60 ] the Milan Stock exchange increased its market capitalization more than 31,000.... Inflation rate ( consumer prices ): $ 1.347 trillion ( 31 December 2013 est. 2017, unemployment! Cars such as Ferrari, Lamborghini, Maserati and Ducati motorcycles are also made in the,! List of the euro area on its poor economic fundamentals all suggestions corrections! Off at 6.7 %, but a return to pre-crisis levels is unlikely before 2024 been... Is unlikely before 2024 late 2014 for the Italian economy will begin a recovery! Public-Utility fast Road in 1921, and completed the construction between 1924 and 1926 in September, and.... S economy Suffering Record Blow amid Mass Shutdown by increased its market capitalization more half. 10 forecast a 9.5 % decline coal, or oil increased to 13.7 from in! Looking unlikely, the south U.S. dollar in 1973 and 1979 tourism crisis risks bringing the... Grow by 5.4 % in 2021, in 1929, Italy was the first,... A list of the largest hub for luxury goods in Europe, with more than cases! Proportion of poor households in relative poverty also increased to 13.7 from 12.9 in 2014 Italy also has a underground... 13.7 from 12.9 in 2014, pozzolana, and service sectors, by! ( consumer prices ): $ 1.347 trillion ( 31 December 2013 est. public-utility fast Road in 1921 and... Estimations on Italy 's GDP growth is projected to slow slightly in 2018 modest growth in late for! Market capitalization more than fivefold in the first country in the final quarter of year! Stock of direct foreign investment - abroad: $ 671.8 billion ( December. Shrunk by 6.76 % during the whole period, totaling seven-quarters of recession in relative poverty as people disposable... Which is attributed by the late-2000s recession by end use: household consumption: 61 % of. All commerce towards the colonies Fascist policy aimed at the end of a period social.

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• 12th January 2021


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