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Italy

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Country summary

Capital

Rome

Borders

Austria 430 km, France 488 km, Holy See (Vatican City) 3.2 km, San Marino 39 km, Slovenia 199 km, Switzerland 740 km

Government type

republic

Population

58,126,212 (July 2010 est.)[1]

Population growth %

-0.05 (2010 est.)[1]

Life expectancy

80.2 years[1]

Unemployment

7.7% (2009 est.)[1]

Index of Economic Freedom

74[2]

Corruption Perceptions Index

63[3]

Doing Business ranking

78[4]


Italy became a nation-state in 1861 when the regional states of the peninsula, along with Sardinia and Sicily, were united under King Victor EMMANUEL II. An era of parliamentary government came to a close in the early 1920s when Benito MUSSOLINI established a Fascist dictatorship. His alliance with Nazi Germany led to Italy's defeat in World War II. A democratic republic replaced the monarchy in 1946 and economic revival followed. Italy was a charter member of NATO and the European Economic Community (EEC). It has been at the forefront of European economic and political unification, joining the Economic and Monetary Union in 1999. Persistent problems include illegal immigration, organized crime, corruption, high unemployment, sluggish economic growth, and the low incomes and technical standards of southern Italy compared with the prosperous north.[1]

Economical characteristics Edit

  • Currency: Euro (ISO code: EUR)
  • Central bank discount rate: 3% (31 December 2008)[1]
  • Commercial banks lending rate: 11.34% (31 December 2008)[1]
  • is part of the Eurozone


StatisticsEdit

Statistic / Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
GDP (million USD)[5] 1 200 820 1 097 340 1 117 360 1 218 920 1 507 170 1 727 750 1 777 740 1 863 480 2 114 470 2 303 080
Govt. debt (% of GDP)[6] 124.544 119.389 118.521 115.771 111.353 111.128 112.576 108.443 103.933 106.321
Govt. revenue (% of GDP)[7] 39.125 37.159 36.867 36.183 36.167 35.675 35.356 36.889 37.601 37.490
Govt. expenses (% of GDP)[8] 40.449 39.176 39.913 39.254 39.518 38.659 39.169 39.599 39.365 40.142
Debt to revenue (years) 3.183 3.213 3.215 3.200 3.079 3.115 3.184 2.940 2.764 2.836

ReferencesEdit

Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 CIA - The World Facebook. "Italy", from The World Facebook. Referenced 2010-09-21.
  2. Heritage Foundation. "Italy", Economic Freedom Score. A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-09-21.
  3. Transparency International. "Italy", Corruption Perceptions Index 2009. A lower ranking is better; but please note that the numbers cannot be compared between countries or years due to different methodology. Referenced 2010-09-21.
  4. Doing Business. "Italy", Doing Business 2010 (part of The World Bank Group). A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-09-21.
  5. World Bank. "Italy: GDP", from World Bank Data. Referenced 2010-09-21.
  6. World Bank. "Italy: government debt", from World Bank Data. Referenced 2010-09-21.
  7. World Bank. "Italy: government revenue", from World Bank Data. Referenced 2010-09-21.
  8. World Bank. "Italy: government expenses", from World Bank Data. Referenced 2010-09-21.

External linksEdit

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