ITALY Fahad Mohammed ID: 201202476

Outline: Italy’s Economy GDP (current US$) GDP growth (annual %) Household final consumption expenditure ( constant 2000$) General government final consumption expenditure (% of GDP)

Italy’s Economy Italy has a diversified industrial economy with high gross domestic product (GDP) per capita and developed infrastructure. According to the International Monetary Fund, the World Bank and The World Factbook, in 2011 Italy was the eighth-largest economy in the world, the fourth-largest in Europe and the third-largest in the Eurozone in terms of nominal GDP, and the tenth-largest economy in the world and fifth-largest in Europe in terms of purchasing power parity (PPP) GDP. Italy is member of the Group of Eight (G8) industrialized nations, the European Union and the OECD.

GDP (current US$) The Gross Domestic Product (GDP) in Italy was worth 2194.75 billion US dollars in 2011. The GDP value of Italy represents 3.54 percent of the world economy. GDP in Italy is reported by the The World Bank Group. Historically, from 1960 until 2011, Italy GDP averaged 792.8 USD Billion reaching an all time high of 2296.5 USD Billion in December of 2008

GDP (current US$)

GDP growth (annual %) The Gross Domestic Product (GDP) in Italy historically, from 1960 until 2010, Italy GDP Growth Rate averaged 0.7 Percent reaching an all time high of 6.0 Percent in March of 1970 and a record low of -4.9 Percent in March of 2009.

GDP growth (annual %)

Household final consumption expenditure (% GDP) The Household final consumption expenditure etc. (% of GDP) in Italy was last reported at 62.3 in 2010, which is considered the highest point according to a World Bank report published in 2011.

Household final consumption expenditure (% GDP)

General government final consumption expenditure (% of GDP) The General government final consumption expenditure (% of GDP) in Italy was last reported at 20.52 in 2010.

General government final consumption expenditure (% of GDP)