- Conventional long form
- Italian Republic
- Conventional short form
- Italy
- Local long form
- Repubblica Italiana
- Local short form
- Italia
- Name
- Rome
- Geographic coordinates
- 41 54 N, 12 29 E
- Time difference
- UTC+1 (6 hours ahead of Washington, DC, during Standard Time)
- Daylight saving time
- +1hr, begins last Sunday in March; ends last Sunday in October
- Inflation
- -0.123%
- Total tax rate (% of commercial profits)
- 62.0%
- Real Interest Rate
- 2.721%
- Manufacturing, value added (% of GDP)
- 16.263%
- Current Account Balance
- US$ 47,704,882,236
- Labor Force, Total
- 25,276,487
- Employment in Agriculture
- 3.75%
- Employment in Industry
- 26.60%
- Employment in Services
- 69.65%
- Unemployment Rate
- 11.54%
- Imports of goods and services
- US$ 490,678,112,261
- Exports of goods and services
- US$ 554,704,824,399
- Total Merchandise Trade
- 46.81%
- FDI, net inflows
- US$ 27,695,558,556
- Commercial Service Exports
- US$ 100,559,271,007
- Commodities
- engineering products, textiles and clothing, production machinery, motor vehicles, transport equipment, chemicals; foodstuffs, beverages, and tobacco; minerals, nonferrous metals
- Partners
- Germany 12.3%, France 10.3%, US 8.7%, UK 5.4%, Spain 4.8%, Switzerland 4.7% (2015)
- Commodities
- engineering products, chemicals, transport equipment, energy products, minerals and nonferrous metals, textiles and clothing; food, beverages, tobacco
- Partners
- Germany 15.4%, France 8.7%, China 7.7%, Netherlands 5.6%, Spain 5%, Belgium 4.7% (2015)
- Country Risk Rating
- A3
- Changes in generally good but somewhat volatile political and economic environment can affect corporate payment behavior. A basically secure business environment can nonetheless give rise to occasional difficulties for companies. Corporate default probability is quite acceptable on average.
- Business Climate Rating
- A2
- The business environment is good. When available, corporate financial information is reliable. Debt collection is reasonably efficient. Institutions generally perform efficiently. Intercompany transactions usually run smoothly in the relatively stable environment rated A2.
- Relatively important role of industry
- High-end products (fashion, homewares, food products, mechanical engineering)
- Moderate debt levels of private sector; high savings capacity
- Variety of tourism assets
- Low level of productivity and competitiveness
- Weak profitability of small companies and banks
- Inadequate private and public investment
- High level of structural unemployment (9%), particularly among the young (40%)
- high level of public debt
- Sizable informal economy (20%)
- Regional disparities