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WEALTH
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A quarterly report prepared by the Economist Intelligence Unit on behalf of Barclays Wealth in 2007 estimated that there were 280,000 dollar millionaires in Italy.The richest man in Italy is Michele Ferrero, who, according to Forbes, has a net worth ... |
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BANKING
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Banking in Italy has, as of the 11th October 2008, an average assets/liabilities ratio of 12 - 1, while the banks's short-term liabilities are equal to 86% of the Italian GDP or 43% of the Italian national debt.This is a list of the top 10 Italian ba... |
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TRANSPORT
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In 2004 the transport sector in Italy generated a turnover of about 119.4 billion euros, employing 935,700 persons in 153,700 enterprises. Regarding to the national road network, in 2002 there were 668,721 km (415,612 mi) of serviceable roads in Ital... |
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AGRICULTURE
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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. Italy is the first or the second largest producer of wine in the world, an... |
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ENERGY AND NATURAL RESOURCES
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Italy has few natural resources. There are no substantial deposits of iron, coal, or oil. Proven natural gas reserves, mainly in the Po Valley and offshore Adriatic, have grown in recent years and constitute the country's most important mineral resou... |
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NORTH-SOUTH DIVIDE
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Starting with the unification of Italy in 1861, a wide and increasing economic divide has been noticeably growing between the northern provinces and the southern half of the Italian state. In the early decades of the new kingdom, the lack of an effec... |
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OVERVIEW
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In the post-war period, Italy was transformed from an agricultural based economy which had been severely affected by the consequences of World War II, into one of the world's most industrialized nations, and a leading country in world trade and expor... |
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LATE 2000S RECESSION
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Members of the European Union signed an agreement known as the Maastricht Treaty, under which they pledged to limit their deficit spending and debt levels. However, a number of European Union member states, including Greece and Italy, were able to ci... |
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FROM STAGFLATION TO STAGNATION
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The 1970s were a period of economic, political turmoil and social unrest in Italy. Unemployment rose sharply, especially among the young. By 1977 there were one million unemployed people under age 24. Inflation continued, aggravated by the increases ... |
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POST WORLD-WAR II ECONOMIC MIRACLE
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The Italian economy has had very variable growth. In the 1950s and early 1960s, the Italian economy was booming, with record high growth rates, including 6.4% in 1959, 5.8% in 1960, 6.8% in 1961, and 6.1% in 1962. This rapid and sustained growth was ... |
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