Italy FlagItaly

Help Yourself And God Will Help You.

 

General


Population: 61,680,122 (2014), 61,482,297 (2013)
Land Area: 301,230 sq km
Natural Resources: Coal, mercury, zinc, potash, marble, bante, asbestos, pumice, fluorspar, feldspar, pyrite, natural gas and crude oil reserves, fish, arable land
Capital: Rome
Political System: Republic
State Leader: Giorgio Napolitano (May 15th 2006)
Head of Government: Matteo Renzi (February 22nd 2014)
Languages: Italian, German, French, Slovene
Currency: Euro (EUR)
Major Religions: Roman Catholic 90%, Other 10%
Major Ethnicities: Italian, Some mixed
Life Expectancy: 82.03 years (2014), 81.95 years (2013)

Economy


GDP Official Exchange Rate: 2.068 trillion (2013), 1.96 trillion (2012)
GDP Purchasing Power Parity: 1.805 trillion (2013), 1.834 trillion (2012)
GDP Per Capita (PPP): 29,600 (2013), 30,100 (2012)
GDP Growth Rate: -1.8% (2013), -2.3% (2012)
GDP Structure: Agriculture 2%, Industry 24.4%, Services 73.5% (2013)
Labour Force By Occupation: Agriculture 3.9%, Industry 28.3%, Services 67.8% (2011)
Industries: Tourism, machinery, iron and steel, chemicals, food processing, textiles, motor vehicles, clothing, footwear, ceramics
Agriculture Products: Fruits, vegetables, grapes, potatoes, sugar beets, soybeans, grain, olives; beef, dairy products; fish
Human Development Index: 0.872 (26th)(2014), 0.881 (25th)(2013)
Tourism Revenue: 37.872 billion (2004)
Unemployment Rate: 12.4% (2013)

MilitaryItaly Map


Army Size: 191 875 (2004)
Budget: 1.8% of GDP (2005)

Current Situation

 

Italy is located in Southern Europe. Italy is bordered by Austria, France, San Marino, Slovenia, Switzerland and Vatican City. Italy's economy is strong, but it has a very low growth rate, and inefficient administration and a high level of corruption compared to other G7 countries. Italy has many multinational companies in many fields, notably in automobile manufacturing and design and also Italy is renowned for its fashion design companies. Italy is currently fragile due to the recent European Debt Crisis, in which Italy was a leading worry because of its high debt and high deficits.

(2014) Elections in 2013 brought in a new government led by Enrico Letta, however this would not last amid disputes between the coalition partners and Matteo Renzi was named Prime Minister of Italy in 2014. Italy's economy continues to struggle and should exit recession if only by a hair in 2014.

Thoughts & Comments

 

Sources

CIA World Factbook: Italy
The Economist: The World In 2014
Wikipedia: Italy
http://hdrstats.undp.org/en/countries/profiles/ITA.html

Updated on: September 29th, 2014