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CompareEconomy.com Comparison of world economies

Italy

World Rank 12 9.33 Italy flag svg
Capital
Area
Currency
Rome
301,340 km 2
Euro (EUR)

Table of Contents

Introduction

The Italian Republic is one of the largest and most important nations in Europe. Its borders are mostly determined by natural obstacles in the forms of the Alps from the north. There are three different seas in other directions, such as Adriatic, Ionian, and Tyrrhenian seas. Interestingly, though the city of Rome is most populous in the country, the region of Lombardy with the regional capital city of Milan has the greatest number of population out of all other Italian regions.

Economy

With the total GDP of $2.668 trillion, Italy is the third wealthiest country in Europe. Their economy accounts for 12.8% of the total European GDP. We should also remember about the GDP per capita, which is the indication of the average wealth of the Italian citizen. 

Italian GDP per capita (with the PPP factor included) is at the similar level as the average in European Union. It is $44,280 compared to Europe's $46,500. It means that they are only the 12th most prosperous country in Europe.

Population

Italian population is once again the third largest in the EU, with the number of approximately 60 million citizens in accordance with data from 2019. As a result of relatively small land coverage of 301,000 square kilometers, it gives a density of 201 Italians per square kilometer.

Gross domestic product (GDP, GDP PPP)

Gross domestic product (GDP)

  • Last
  • Historical chart
#8 (2021)
2,107,702,842,669 US$

List of countries by GDP

(United States of America (USA))

Gross domestic product growth rate

Gross domestic product per capita

Gross domestic product (PPP)

Gross domestic product (PPP) per capita

International trade (Export, Import)

External balance on goods and services

  • Last
  • Historical chart
#12 (2021)
49,667,760,033 US$

List of countries by external balance on goods and services

(China)

External balance on goods and services (% of GDP)

Exports of goods and services (current US$)

Exports of goods and services (% of GDP)

Imports of goods and services (current US$)

Imports of goods and services (% of GDP)

Employment by sector, Unemployment

Unemployment (% of total labor force)

  • Last
  • Historical chart
#51 (2021)
9.50 %

List of countries by unemployment

(South Africa)

Employment in agriculture (% of total employment)

Employment in industry (% of total employment)

Employment in services (% of total employment)

Vulnerable employment (% of total employment)