OECD - OECD Economic Surveys: Italy 2019
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OECD (2019), OECD Economic Surveys: Italy 2019 , OECD Publishing, Paris, https://doi.org/10.1787/369ec0f2-en .
This Survey is published on the responsibility of the Economic and Development Review Committee of the OECD, which is charged with the examination of the economic situation of member countries.
The economic situation and policies of Italy were reviewed by the Committee on 4 February 2019. The draft report was then revised in the light of the discussions and given final approval as the agreed report of the whole Committee on 13 March 2019.
The Secretariats draft report was prepared for the Committee by Mauro Pisu and Tim Bulman under the supervision of Sebastian Barnes. Statistical research assistance was provided by Federico Giovannelli, and editorial support was provided by Heloise Wickramanayake.
The previous Survey of Italy was issued in February 2017.
Information about the latest as well as previous Surveys and more information about how Surveys are prepared is available at www.oecd.org/eco/surveys .
Basic statistics of Italy | |||||
|---|---|---|---|---|---|
(Data refer to 2017 or latest available. Numbers in parentheses refer to the OECD average) | |||||
LAND, PEOPLE AND ELECTORAL CYCLE | |||||
Population (million) | 62.0 | Population density per km | 205.3 | (37.2) | |
Under 15 (%) | 13.8 | (17.9) | Life expectancy (years, 2016) | 83.3 | (80.6) |
Over 65 (%) | 21.9 | (17.0) | Men | 81.0 | (77.8) |
Foreign-born (%, 2016) | 9.6 | Women | 85.6 | (83.2) | |
Latest 5-year average growth (%) | 0.4 | (0.6) | Latest general election | March | 2018 |
ECONOMY | |||||
Gross domestic product (GDP) | Value added shares (%) | ||||
In current prices (billion USD) | 1 944 | Primary sector | 2.1 | (2.5) | |
In current prices (billion EUR) | 1 726 | Industry including construction | 24.1 | (27.0) | |
Latest 5-year average real growth (%) | 0.4 | (2.1) | Services | 73.8 | (70.5) |
Per capita (000 USD PPP) | 40.9 | (44.3) | |||
GENERAL GOVERNMENT | |||||
Per cent of GDP | |||||
Expenditure | 48.8 | (41.0) | Gross financial debt | 154.0 | (109.5) |
Revenue | 46.4 | (38.8) | Net financial debt | 125.0 | (70.8) |
EXTERNAL ACCOUNTS | |||||
Exchange rate (EUR per USD) | 0.89 | Main exports (% of total merchandise exports) | |||
PPP exchange rate (USA = 1) | 0.70 | Machinery and transport equipment | 36.3 | ||
In per cent of GDP | Miscellaneous manufactured articles | 17.9 | |||
Exports of goods and services | 31.3 | (55.4) | Manufactured goods | 17.7 | |
Imports of goods and services | 28.4 | (51.0) | Main imports (% of total merchandise imports) | ||
Current account balance | 2.8 | (0.4) | Machinery and transport equipment | 28.7 | |
Net international investment position | -6.7 | Chemicals and related products, n.e.s. | 15.6 | ||
Manufactured goods | 15.5 | ||||
LABOUR MARKET, SKILLS AND INNOVATION | |||||
Employment rate for 15-64 year-olds (%) | 58.0 | (67.7) | Unemployment rate, Labour Force Survey (age 15 and over) (%) | 11.2 | (5.8) |
Men | 67.0 | (75.4) | Youth (age 15-24, %) | 34.8 | (11.9) |
Women | 48.9 | (60.1) | Long-term unemployed (1 year and over, %) | 6.5 | (1.7) |
Participation rate for 15-64 year-olds (%) | 65.4 | (72.1) | Tertiary educational attainment 25-64 year-olds (%) | 18.7 | (36.9) |
Average hours worked per year | 1 723 | (1 744) | Gross domestic expenditure on R&D (% of GDP, 2016) | 1.3 | (2.3) |
ENVIRONMENT | |||||
Total primary energy supply per capita (toe) | 2.5 | (4.1) | CO emissions from fuel combustion per capita (tonnes, 2016) | 5.3 | (9.1) |
Renewables (%) | 17.0 | (10.2) | Water abstractions per capita (1 000 m, 2008) |
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