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Italy Economy
GDP:
purchasing power parity - $1.55 trillion (2003 est.)
GDP - real growth rate:
0.4% (2003 est.)
GDP - per capita:
purchasing power parity - $26,700 (2003 est.)
GDP - composition by sector:
agriculture: 2.2%
industry: 28.9%
services: 68.9% (2003 est.)
Investment (gross fixed):
19.1% of GDP (2003)
Population below poverty line:
NA
Household income or consumption by percentage share:
lowest 10%: 2.1%
highest 10%: 26.6% (2000)
Distribution of family income - Gini index:
27.3 (1995)
Inflation rate (consumer prices):
2.7% (2003 est.)
Labor force:
24.15 million (2003 est.)
Labor force - by occupation:
agriculture 5%, industry 32%, services 63% (2001)
Unemployment rate:
8.6% (2003 est.)
Budget:
revenues: $668 billion
expenditures: $703.1 billion, including capital expenditures of NA (2003)
Public debt:
106.4% of GDP (2003)
Industries:
tourism, machinery, iron and steel, chemicals, food processing, textiles, motor vehicles, clothing, footwear, ceramics
Industrial production growth rate:
-0.5% (2003)
Electricity - production:
258.8 billion kWh (2001)
Electricity - production by source:
fossil fuel: 78.6%
hydro: 18.4%
other: 3% (2001)
nuclear: 0%
Electricity - consumption:
289.1 billion kWh (2001)
Electricity - exports:
556 million kWh (2001)
Electricity - imports:
48.93 billion kWh (2001)
Oil - production:
79,460 bbl/day (2001 est.)
Oil - consumption:
1.866 million bbl/day (2001 est.)
Oil - exports:
456,600 bbl/day (2001)
Oil - imports:
2.158 million bbl/day (2001)
Oil - proved reserves:
586.6 million bbl (1 January 2002)
Natural gas - production:
15.49 billion cu m (2001 est.)
Natural gas - consumption:
71.18 billion cu m (2001 est.)
Natural gas - exports:
61 million cu m (2001 est.)
Natural gas - imports:
54.78 billion cu m (2001 est.)
Natural gas - proved reserves:
209.7 billion cu m (1 January 2002)
Agriculture - products:
fruits, vegetables, grapes, potatoes, sugar beets, soybeans, grain, olives; beef, dairy products; fish
Current account balance:
$-22.28 billion (2003)
Exports:
$278.1 billion f.o.b. (2003 est.)
Exports - commodities:
engineering products, textiles and clothing, production machinery, motor vehicles, transport equipment, chemicals; food, beverages and tobacco; minerals and nonferrous metals
Exports - partners:
Germany 13.8%, France 12.3%, US 8.5%, Spain 7%, UK 6.9% (2003 est.)
Imports:
$271.1 billion f.o.b. (2003 est.)
Imports - commodities:
engineering products, chemicals, transport equipment, energy products, minerals and nonferrous metals, textiles and clothing; food, beverages and tobacco
Imports - partners:
Germany 17.9%, France 11.2%, Netherlands 5.8%, Spain 4.8%, UK 4.7%, Belgium 4.3%, US 4% (2003 est.)
Reserves of foreign exchange & gold:
$63.26 billion (2003)
Debt - external:
$868.5 billion NA (2003)
Economic aid - donor:
ODA, $1 billion (2002 est.)
Currency:
euro (EUR)
note: on 1 January 1999, the European Monetary Union introduced the euro as a common currency to be used by financial institutions of member countries; on 1 January 2002, the euro became the sole currency for everyday transactions within the member countries
Currency code:
EUR
Exchange rates:
euros per US dollar - 0.886 (2003), 1.0626 (2002), 1.1175 (2001), 1.0854 (2000), 0.9386 (1999)
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