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Average Salary - Italy ITALY / SALARY


SALARY SURVEYS

1,508

UPDATED
December 2022
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AVERAGE SALARY / YEAR MOST TYPICAL SALARY / YEAR
Gross income
Net (after tax)

1 EUR = 1 USD

€62,370 EUR

$62,377 USD
Milan

€67,443 EUR

€32,004 EUR

$32,008 USD
Including "Milan"
Excluding "Milan"

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Average Salary / Italy

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Average salary in Italy is €62,370 EUR per year. The most typical earning is €32,004 EUR. All data are based on 1,508 salary surveys. Salaries are different between men and women. Men receive an average salary of €63,509 EUR. Women receive a salary of €51,908 EUR.

The most paid careers are Insurance with average income €109,416 EUR and Management & Business with income €94,214 EUR.

Based on education, the highest salaries receive people with Doctorate Degree with salary of €66,410 EUR. The second most paid education level is Masters Degree with salary of €65,910 EUR.

Different experiences affect earning as well. People with 20+ Years of experience receive salary of €98,715 EUR. Employees with 16-20 Years of experience receive €91,014 EUR.

Levels / Italy (Gross EUR)

Salary Levels (EUR) per Year Surveys [%]
€10,000 EUR - €14,999 EUR
11 100%
0.73%
€15,000 EUR - €19,999 EUR
43 99.27%
2.85%
€20,000 EUR - €24,999 EUR
52 96.42%
3.45%
€25,000 EUR - €29,999 EUR
117 92.97%
7.76%
THE MOST TYPICAL SALARY
€30,000 EUR - €34,999 EUR
134 85.21%
8.89%
€35,000 EUR - €39,999 EUR
134 76.33%
8.89%
€40,000 EUR - €44,999 EUR
128 67.44%
8.49%
€45,000 EUR - €49,999 EUR
127 58.95%
8.42%
€50,000 EUR - €54,999 EUR
115 50.53%
7.63%
€55,000 EUR - €59,999 EUR
82 42.9%
5.44%
€60,000 EUR - €64,999 EUR
73 37.47%
4.84%
€65,000 EUR - €69,999 EUR
73 32.63%
4.84%
€70,000 EUR - €74,999 EUR
54 27.79%
3.58%
€75,000 EUR - €79,999 EUR
32 24.2%
2.12%
€80,000 EUR - €84,999 EUR
47 22.08%
3.12%
€85,000 EUR - €89,999 EUR
26 18.97%
1.72%
€90,000 EUR - €94,999 EUR
21 17.24%
1.39%
€95,000 EUR - €99,999 EUR
24 15.85%
1.59%
€100,000 EUR - €104,999 EUR
21 14.26%
1.39%
€105,000 EUR - €109,999 EUR
26 12.86%
1.72%
€110,000 EUR - €114,999 EUR
19 11.14%
1.26%
€115,000 EUR - €119,999 EUR
16 9.88%
1.06%
€120,000 EUR - €124,999 EUR
15 8.82%
0.99%
€125,000 EUR - €129,999 EUR
11 7.82%
0.73%
€130,000 EUR - €134,999 EUR
7 7.1%
0.46%
€135,000 EUR - €139,999 EUR
22 6.63%
1.46%
€140,000 EUR - €144,999 EUR
3 5.17%
0.2%
€145,000 EUR - €149,999 EUR
5 4.97%
0.33%
HIGH SALARIES
€150,000 EUR - €159,999 EUR
9 4.64%
0.6%
€160,000 EUR - €169,999 EUR
20 4.05%
1.33%
€170,000 EUR - €179,999 EUR
5 2.72%
0.33%
€180,000 EUR - €189,999 EUR
5 2.39%
0.33%
€190,000 EUR - €199,999 EUR
3 2.06%
0.2%
€200,000 EUR - €209,999 EUR
10 1.86%
0.66%
€210,000 EUR - €219,999 EUR
2 1.19%
0.13%
€220,000 EUR - €229,999 EUR
4 1.06%
0.27%
€230,000 EUR - €239,999 EUR
2 0.8%
0.13%
€240,000 EUR - €249,999 EUR
3 0.66%
0.2%
€250,000 EUR - €350,099 EUR
7 0.46%
0.46%
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Gender / Italy (Gross EUR)

# Surveys AVERAGE SALARY / YEAR
1 Men 1,124 €63,509 EUR
2 Women 268 €51,908 EUR

Education / Italy (Gross EUR)

# Surveys AVERAGE SALARY / YEAR
1 Doctorate Degree 118 €66,410 EUR
2 Masters Degree 716 €65,910 EUR
3 Bachelors Degree 437 €61,009 EUR
4 Some College 72 €54,608 EUR
5 High School 152 €51,307 EUR
6 Bellow H. School 13 €48,207 EUR

Experience / Italy (Gross EUR)

# Surveys AVERAGE SALARY / YEAR
1 20+ Years 168 €98,715 EUR
2 16-20 Years 120 €91,014 EUR
3 12-16 Years 207 €74,611 EUR
4 8-12 Years 297 €66,410 EUR
5 4-8 Years 272 €52,108 EUR
6 2-4 Years 219 €41,406 EUR
7 1-2 Years 116 €37,305 EUR
8 0-1 Year 109 €35,205 EUR

Age / Italy (Gross EUR)

# Surveys AVERAGE SALARY / YEAR
1 56-60 27 €124,919 EUR
2 61-65 10 €104,516 EUR
3 51-55 49 €93,914 EUR
4 46-50 105 €90,013 EUR
5 41-45 165 €79,912 EUR
6 n/a 117 €75,211 EUR
7 36-40 258 €69,610 EUR
8 31-35 330 €53,708 EUR
9 26-30 329 €41,206 EUR
10 14-20 10 €40,306 EUR
11 21-25 107 €36,705 EUR
12 66-70 1 €21,903 EUR

Work Type / Italy (Gross EUR)

# Surveys AVERAGE SALARY / YEAR
1 Permanent 1,213 €65,910 EUR
2 Self Employed 67 €61,109 EUR
3 Contract 206 €44,506 EUR
4 Part Time 22 €38,005 EUR

Cities / Italy (Gross EUR)

# Surveys AVERAGE SALARY / YEAR
1 Prato 5 €128,119 EUR
2 Reggio Calabria 2 €75,611 EUR
3 Verona 40 €71,811 EUR
4 Milan 596 €67,410 EUR
5 Taranto 2 €66,110 EUR
6 Trieste 34 €65,310 EUR
7 Palermo 6 €65,210 EUR
8 Venice 53 €64,810 EUR
9 Foggia 2 €63,509 EUR
10 Modena 23 €63,409 EUR
11 Parma 22 €63,109 EUR
12 Rome 198 €62,009 EUR
13 Bologna 71 €61,309 EUR
14 Brescia 22 €60,809 EUR
15 Catania 7 €59,509 EUR
16 Ravenna 10 €58,209 EUR
17 Rimini 10 €58,109 EUR
18 Florence 68 €55,808 EUR
19 Turin 117 €55,508 EUR
20 --Other-- 85 €55,508 EUR
21 Genoa 36 €53,908 EUR
22 Bari 9 €51,407 EUR
23 Reggio Emilia 17 €49,207 EUR
24 Padua 42 €45,707 EUR
25 Salerno 7 €45,707 EUR
26 Livorno 10 €42,906 EUR
27 Cagliari 8 €42,006 EUR
28 Perugia 6 €39,406 EUR

Career Groups / Italy (Gross EUR)

# Surveys AVERAGE SALARY / YEAR
1 Insurance 3 €109,416 EUR
2 Management & Business 215 €94,214 EUR
3 Construction & Labor Workers 10 €91,614 EUR
4 Health Care & Medical 17 €86,513 EUR
5 Health Care & Medical II 18 €77,211 EUR
6 Marketing, Sales, Purchase 113 €75,011 EUR
7 Logistics, Road, Railway 15 €66,910 EUR
8 Military 1 €65,610 EUR
9 Human Resources 69 €65,010 EUR
10 Law 14 €63,209 EUR
11 Engineers & Technicians IV 15 €63,009 EUR
12 Finance & Banking 90 €61,809 EUR
13 Fashion 13 €61,109 EUR
14 Engineers & Technicians 197 €56,708 EUR
15 Engineers & Technicians III 15 €56,308 EUR
16 Salesmen & Saleswomen 35 €56,108 EUR
17 Public Sector 13 €54,908 EUR
18 Automobile 12 €54,208 EUR
19 Accounting & Administration 57 €54,008 EUR
20 Aviation & Shipping 17 €53,908 EUR
21 IT & Programming 227 €53,608 EUR
22 Engineers & Technicians V 15 €53,108 EUR
23 Customer Services 31 €52,308 EUR
24 Organization & Coordination 19 €51,607 EUR
25 Hotels & Tourism 17 €51,607 EUR
26 IT & Programming II 86 €50,907 EUR
27 Security & Fireguard 2 €49,207 EUR
28 Properties & Real Estates 2 €48,707 EUR
29 Making Design 20 €47,507 EUR
30 Agriculture & Fishing 1 €47,207 EUR
31 Restaurants, Inns, Pubs 14 €44,206 EUR
32 Arts, Culture, Performance 7 €43,706 EUR
33 Education & University 47 €43,406 EUR
34 Engineers & Technicians II 11 €41,406 EUR
35 Media 16 €39,606 EUR
36 Architect Constructions 27 €39,106 EUR
37 Manufacturing & Labor Workers 24 €37,605 EUR
38 Sports & Recreation 3 €34,305 EUR

Careers / Italy (Gross EUR)

# Surveys AVERAGE SALARY / YEAR
1 Director 33 €141,021 EUR
2 General Manager 26 €137,421 EUR
3 Doctor 6 €104,716 EUR
4 Sales Manager 23 €103,316 EUR
5 Doctor Specialist 7 €101,315 EUR
6 Operations Manager 12 €98,115 EUR
7 Manager 25 €97,715 EUR
8 Finance Manager 12 €95,714 EUR
9 Marketing Manager 18 €93,114 EUR
10 Business Development Manager 14 €92,014 EUR
11 Human Resources Manager 29 €88,213 EUR
12 IT Manager 41 €78,512 EUR
13 Engineering Manager 25 €77,812 EUR
14 Technical Manager 15 €70,010 EUR
15 Account Manager 14 €66,310 EUR
16 Purchasing Manager 7 €65,510 EUR
17 Lead Developer 8 €65,010 EUR
18 Electrical Engineer Lead 10 €64,209 EUR
19 Other Finance Career 13 €63,009 EUR
20 Risk Manager 9 €62,609 EUR
21 IT Project Manager 44 €62,409 EUR
22 Project Manager 35 €61,509 EUR
23 Sales 10 €61,309 EUR
24 Product Manager 9 €61,109 EUR
25 Other Human Resource Career 14 €59,609 EUR
26 Customer Service Manager 9 €58,909 EUR
27 Mechanical Engineer Lead 9 €57,408 EUR
28 Other Automobile Career 8 €57,408 EUR
29 Network Specialist 7 €56,708 EUR
30 Engineer 54 €56,008 EUR
31 Salesmen or Saleswomen 12 €53,708 EUR
32 Other Engineer Career 10 €53,708 EUR
33 Marketing 13 €53,208 EUR
34 Computer Engineer 8 €52,908 EUR
35 Other Management Career 15 €52,108 EUR
36 Electrical Engineer 10 €52,108 EUR
37 J2EE Developer 7 €51,407 EUR
38 Web Developer 11 €51,307 EUR
39 Software Engineer 13 €49,407 EUR
40 Oil & Gas Engineer 8 €49,407 EUR
41 Mechanical Engineer 40 €48,807 EUR
42 Research Engineer 23 €47,907 EUR
43 IT Coordinator 19 €43,306 EUR
44 C, C++ Developer 9 €42,406 EUR
45 Manufacturing 6 €41,606 EUR
46 Market Research 7 €40,206 EUR
47 Financial Analyst 21 €39,906 EUR
48 SAP Consulting 8 €38,906 EUR
49 Software Developer 41 €38,505 EUR
50 Chemical Engineer 8 €37,505 EUR
51 Human Resource 18 €37,005 EUR
52 Customer Consultant 7 €36,705 EUR
53 System Administrator 12 €36,305 EUR
54 University Professor Assistant 16 €35,405 EUR
55 Java Developer 11 €34,905 EUR
56 .NET Developer 11 €33,605 EUR
57 Other Education Career 10 €28,404 EUR
58 Architect 20 €25,203 EUR

People's individual salary examples (surveys)

Customer Service Representative
Posted 27 September 2022
City Education Experience Knowledge Gross salary / year
Rome Masters Degree 1-2 Years Advanced €15,600 EUR

Equipment Operator
Posted 27 September 2022
City Education Experience Knowledge Gross salary / year
Modena Masters Degree 1-2 Years Intermediate €17,000 EUR

Reaseracher
Posted 12 September 2022
City Education Experience Knowledge Gross salary / year
Milan Masters Degree 0-1 Year Advanced €19,800 EUR

Full Stack Asp. Net Developer
Posted 11 September 2022
City Education Experience Knowledge Gross salary / year
Livorno High School 1-2 Years Advanced €24,300 EUR

Project&process Specialist
Posted 09 September 2022
City Education Experience Knowledge Gross salary / year
Perugia High School 2-4 Years Advanced €44,600 EUR

E-commerce Project Manager
Posted 05 September 2022
City Education Experience Knowledge Gross salary / year
Milan Masters Degree 4-8 Years Advanced €40,600 EUR

Researcher
Posted 02 September 2022
City Education Experience Knowledge Gross salary / year
Milan Doctorate Degree 2-4 Years Expert €51,600 EUR

Automotive Engineer
Posted 02 September 2022
City Education Experience Knowledge Gross salary / year
Brescia Bachelors Degree 2-4 Years Advanced €48,500 EUR

Trader Gas Power
Posted 01 September 2022
City Education Experience Knowledge Gross salary / year
Milan Masters Degree 4-8 Years Expert €92,900 EUR

Technical Leader
Posted 01 September 2022
City Education Experience Knowledge Gross salary / year
Milan Bachelors Degree 8-12 Years Expert €53,600 EUR

Electrical Lead Engineer
Posted 01 September 2022
City Education Experience Knowledge Gross salary / year
Milan High School 16-20 Years Advanced €46,400 EUR

Technical Safety Engineer
Posted 01 September 2022
City Education Experience Knowledge Gross salary / year
--Other-- Masters Degree 0-1 Year Basic €23,700 EUR

Frontend Developer
Posted 31 August 2022
City Education Experience Knowledge Gross salary / year
Genoa Bachelors Degree 1-2 Years Intermediate €25,800 EUR

Head Hunting Manager
Posted 31 August 2022
City Education Experience Knowledge Gross salary / year
Milan Masters Degree 8-12 Years Expert €46,400 EUR

Economist
Posted 31 August 2022
City Education Experience Knowledge Gross salary / year
Milan Bachelors Degree 2-4 Years Intermediate €43,300 EUR

Enivornmental Consultant
Posted 26 July 2022
City Education Experience Knowledge Gross salary / year
Milan Masters Degree 1-2 Years Intermediate €25,800 EUR

It Specialist
Posted 24 July 2022
City Education Experience Knowledge Gross salary / year
Milan Bachelors Degree 4-8 Years Advanced €65,600 EUR

Export Area Manager
Posted 24 July 2022
City Education Experience Knowledge Gross salary / year
Padua Masters Degree 2-4 Years Expert €34,300 EUR

Chief Financial Officer
Posted 24 July 2022
City Education Experience Knowledge Gross salary / year
Bologna Masters Degree 4-8 Years Expert €111,000 EUR

Urology Resident
Posted 23 July 2022
City Education Experience Knowledge Gross salary / year
Milan Doctorate Degree 2-4 Years Advanced €46,400 EUR

Piping Designer
Posted 21 July 2022
City Education Experience Knowledge Gross salary / year
Milan Bachelors Degree 16-20 Years Expert €40,400 EUR

Technical Manager
Posted 21 July 2022
City Education Experience Knowledge Gross salary / year
Florence Masters Degree 8-12 Years Advanced €50,400 EUR

Project Manager Aerospace Engineering
Posted 19 July 2022
City Education Experience Knowledge Gross salary / year
Padua Doctorate Degree 2-4 Years Advanced €35,300 EUR

Professional Staff
Posted 19 July 2022
City Education Experience Knowledge Gross salary / year
Rome High School 8-12 Years Advanced €37,900 EUR

Consultant
Posted 19 July 2022
City Education Experience Knowledge Gross salary / year
Milan Masters Degree 2-4 Years Advanced €27,700 EUR

Talent Acquisition
Posted 18 July 2022
City Education Experience Knowledge Gross salary / year
--Other-- Masters Degree 2-4 Years Advanced €30,300 EUR

Engineer
Posted 18 July 2022
City Education Experience Knowledge Gross salary / year
--Other-- Bachelors Degree 8-12 Years Advanced €50,400 EUR

Software Engineer
Posted 17 July 2022
City Education Experience Knowledge Gross salary / year
--Other-- Masters Degree 1-2 Years Expert €25,800 EUR

First Officer
Posted 17 July 2022
City Education Experience Knowledge Gross salary / year
--Other-- Bachelors Degree 1-2 Years Intermediate €65,600 EUR

Medical Doctor
Posted 17 July 2022
City Education Experience Knowledge Gross salary / year
Florence Masters Degree 0-1 Year Intermediate €38,300 EUR

Sistemista Microsoft
Posted 16 July 2022
City Education Experience Knowledge Gross salary / year
Rome High School 12-16 Years Advanced €20,300 EUR

Finance Analyst
Posted 13 July 2022
City Education Experience Knowledge Gross salary / year
Florence Masters Degree 0-1 Year Intermediate €28,400 EUR

Devops Consultant
Posted 11 July 2022
City Education Experience Knowledge Gross salary / year
--Other-- Masters Degree 0-1 Year Intermediate €29,400 EUR

Mechanic
Posted 17 June 2022
City Education Experience Knowledge Gross salary / year
Verona Bellow H. School 0-1 Year Intermediate €19,600 EUR

Brokeer
Posted 16 June 2022
City Education Experience Knowledge Gross salary / year
Genoa High School 4-8 Years Advanced €53,800 EUR

Teacher
Posted 14 June 2022
City Education Experience Knowledge Gross salary / year
Trieste Doctorate Degree 4-8 Years Expert €25,800 EUR

Maintenance And Assembly
Posted 14 June 2022
City Education Experience Knowledge Gross salary / year
--Other-- Some College 1-2 Years Intermediate €28,000 EUR

Automotive Hardware Designer
Posted 14 June 2022
City Education Experience Knowledge Gross salary / year
Turin Bachelors Degree 12-16 Years Expert €53,800 EUR

Strategic Demand Generation Manager
Posted 10 June 2022
City Education Experience Knowledge Gross salary / year
Florence Masters Degree 8-12 Years Advanced €74,200 EUR

Account Manager
Posted 08 June 2022
City Education Experience Knowledge Gross salary / year
Padua Masters Degree 4-8 Years Expert €46,100 EUR

Logistics Coordinator
Posted 08 June 2022
City Education Experience Knowledge Gross salary / year
Parma Masters Degree 0-1 Year Intermediate €43,900 EUR

Mechanical Designer
Posted 29 May 2022
City Education Experience Knowledge Gross salary / year
Milan Bachelors Degree 2-4 Years Advanced €43,500 EUR

Operations Manager
Posted 29 May 2022
City Education Experience Knowledge Gross salary / year
Rimini Bachelors Degree 0-1 Year Basic €23,900 EUR

Portfolio Analyst
Posted 29 May 2022
City Education Experience Knowledge Gross salary / year
Milan Masters Degree 1-2 Years Intermediate €32,600 EUR

Hr Manager
Posted 27 May 2022
City Education Experience Knowledge Gross salary / year
Bologna Bachelors Degree 16-20 Years Advanced €83,800 EUR

Energy Cable Technologist
Posted 27 May 2022
City Education Experience Knowledge Gross salary / year
Milan Bachelors Degree 2-4 Years Advanced €31,100 EUR

Head Of Marketing
Posted 26 May 2022
City Education Experience Knowledge Gross salary / year
Milan Masters Degree 16-20 Years Expert €163,200 EUR

Project Manager
Posted 14 April 2022
City Education Experience Knowledge Gross salary / year
Milan Masters Degree 16-20 Years Expert €67,400 EUR

Manager
Posted 08 April 2022
City Education Experience Knowledge Gross salary / year
Milan High School 12-16 Years Advanced €45,400 EUR

Product Manager
Posted 06 April 2022
City Education Experience Knowledge Gross salary / year
Modena Masters Degree 2-4 Years Intermediate €52,200 EUR

ECONOMY / Italy

Introduction

Italy is a country found in Southern Europe. It is a mediterranean country boarded by six countries named France, Austria, Vatican City, Slovenia, San Mario and Switzerland. The capital city is Rome which is popular for the ancient's ruins. How good is Italy's economy? Well, the country has the third largest economy in the European Union, 8th in terms of nominal GDP and 13th when it comes Purchasing power parity GDP. Italy uses the Euro currency for transactions.

 

GDP

Italy's nominal GDP in 2021 is $ 2.112 trillion hence being the 8th largest globally while the GDP for Purchasing power parity is $2.598 million thus being ranked as number thirteen in the world. The GDP growth has been okay however a major drop was experienced in the year 2020. The GDP growth for 2018 and 2019 was 0.8 % and 0.3% respectively. There was a huge drop in the year 2020 for 10.6 percent. The drop was mainly because of a lockdown of major economic activities. However, at the end of May 2020 Italy started to recover leading to a GDP increase of 5.2% in 2021. In 2017 the highest GDP per sector was services with 73.9% followed by Industry with 23.9 % and finally agriculture sector with 2.1 percent.

In the year 2021 the nominal GDP per capita is $35,061 making it the twenty-five largest globally while the GDP per capita for PPP is $43,139 thus being ranked as number twenty-nine globally.

 

Economic sector

The main sectors which have contributed to the high economic growth are the primary, secondary and tertiary industries.

Our main focus on the primary sector is agriculture. Italy has large farms where they have mainly invested in vineyards, citrus orchards, pastures and horticulture. 

The secondary sector consists of manufacturing industries. The north west region has industries which deal with machinery, aerospace and machinery production while the northern East has SMEs which specialise in the following areas.

·       Clothing and footwear

·       Textiles

·       Furniture

·       Jewelry

·       Home appliances

·       Spare parts

·       Tertiary

Around 68.6% of Italy's population is employed by the tertiary sector. The service sector contributes to around 73.9% of Italy's GDP. Some of the major tertiary industries in Italy include financial services, retail trade, Telcom, tourism and the transport system.

 

Employment Sector

1.    Employment

In 2021 the employment for Italy is at 56.6 percent Approximately 22.3 million people are employed. The employment rate in Italy is measured by the number of people who have jobs over the working age population. The service sector has employed the largest workforce, the second is industries and the agricultural sector has the lowest number of employees. The average gross salary in 2019 was $2,740 monthly which is 2,446 Euros.

2.    Unemployment.

The unemployment rate in 2020 is 9%. The highest number of the unemployed people are the youths. The Italian National Institutes of statistics shows that in 2021 the number of unemployed people is about 2.5 million.

 

Exports and Imports

In 2019 Italy exports were approximately $687.3 billion. Italy is the second largest exporter globally. The main commodities that Italy exports include pharmaceuticals, furniture, clothings, robots, machinery and vehicles. Due to the production in high quantities Italy can easily export the surplus production. The main export partners for Italy based from the highest to the lowest exports are as follows, Germany, France, United States, United Kingdom and Switzerland.

In 2019 Italy imports were $647.1 billion. The main products that Italy imports include Foods, beverages, tobacco, chemical, transport equipment and engineering products. The main import partners include Belgium, Spain, China, Netherlands, France and Germany.

 

Inflation

Italy inflation has gradually decreased over the years; the inflation CPI for 2018, 2019 and 2020 were 12.2%,0.6% and 0.1 % respectively. According to Statista research Department data Italy inflation rate is expected to increase by 1,4 percent. The main reasons for the increase are mainly due to increase in the oil prices.

 

Net wealth

The total net wealth of Italy is $ 11.857 trillion. That makes Italy the fifth largest worldwide. We also find that more than 1.4 million of Italy's population have a net worth that is greater than one million. The wealthiest person in Italy is Maria Franca Fissolo Ferrero and family who are also ranked as number twenty-nine globally. The family runs the food sector and based on an article published by Forbes the total net worth is approximately 22.4 billion US Dollars. Over the years Italy's net wealth per household has increased and forecast shows that it will continue to increase in the coming years.

 

Poverty

The highest poverty level in Italy was in 2015. The level of poverty during that period was at 7.6 percent. There was a one percent increase in southern Italy, the poverty level where the poverty rate for 2014 and 2015 was 9 percent and 10 percent respectively. However Northern Italy was pretty better but still recorded an increase. The poverty rate for that region for the two years was 6.7 percent and 5.7 percent. The poverty rate is increasing over the years due to unemployment. We find that those people who are employed in factories still suffer and it gets worse for the youths as the level of unemployment is around forty percent.

 

Conclusion

Italy has a huge economic growth thus being ranked as the third largest in the European Union. The country has a high-income economy and a developed economy. The main sector which has led to a massive economic growth is the service sector which has the highest workforce and has the largest increment of Italy GDP. 


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