Imports$556.4 billion (2011 est.)
Exports$523.9 billion (2011 est.)
Inflation rate (consumer prices)2.9% (2011 est.)
Unemployment rate8.4% (2011 est.)
GDP - per capita (PPP)$30,900 (2011 est.)
National product real growth rate1.1% (2010 est.)
Internet users29.235 million (2009)
Telephones - mobile cellular82 million (2009)
Population growth rate0.38% (2012 est.)
Population61,261,254 (July 2012 est.)
Italy became a nation-state in 1861 when the regional states of the peninsula, along with Sardinia and Sicily, were united under King Victor EMMANUEL II.
An era of parliamentary government came to a close in the early 1920s when Benito MUSSOLINI established a Fascist dictatorship.
His alliance with Nazi Germany led to Italy's defeat in World War II....
Italy has a diversified industrial economy, which is divided into a developed industrial north, dominated by private companies, and a less-developed, welfare-dependent, agricultural south, with high unemployment.
The Italian economy is driven in large part by the manufacture of high-quality consumer goods produced by small and medium-sized enterprises, many of them family owned.
Italy also has a sizable underground economy, which by some estimates accounts for as much as 15% of GDP....
The Economist Intelligence Unit
Policy towards private enterprise and competition 2016-17: Modest reforms to improve competition in sheltered services sectors are possible. 2018-20: Further improvements in competition policy are dependent ...
This report contains detailed forecasts and analysis for Italy, including trade and investment analysis, economic forecasts, political risk assessments and demographic trend analysis. Each ISA Country ...
After the referendum and Renzi's resignation, a new government has been formed from the existing parliament. Paolo Gentiloni, foreign minister in Renzi's cabinet, is the new Prime Minister, and the composition ...