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Average Salary - Italy ITALY / SALARY


SALARY SURVEYS

1,508

UPDATED
March 2023
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AVERAGE SALARY / YEAR MOST TYPICAL SALARY / YEAR
Gross income
Net (after tax)

0.92 EUR = 1 USD

€57,593 EUR

$62,361 USD
Milan

€62,277 EUR

€29,553 EUR

$32,000 USD
Including "Milan"
Excluding "Milan"

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Average Salary / Italy

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Average salary in Italy is €57,593 EUR per year. The most typical earning is €29,553 EUR. All data are based on 1,508 salary surveys. Salaries are different between men and women. Men receive an average salary of €58,645 EUR. Women receive a salary of €47,932 EUR.

The most paid careers are Insurance with average income €101,036 EUR and Management & Business with income €86,998 EUR.

Based on education, the highest salaries receive people with Doctorate Degree with salary of €61,323 EUR. The second most paid education level is Masters Degree with salary of €60,861 EUR.

Different experiences affect earning as well. People with 20+ Years of experience receive salary of €91,154 EUR. Employees with 16-20 Years of experience receive €84,043 EUR.

Levels / Italy (Gross EUR)

Salary Levels (EUR) per Year Surveys [%]
€9,200 EUR - €13,899 EUR
11 100%
0.73%
€13,900 EUR - €18,499 EUR
43 99.27%
2.85%
€18,500 EUR - €23,099 EUR
52 96.42%
3.45%
€23,100 EUR - €27,699 EUR
117 92.97%
7.76%
THE MOST TYPICAL SALARY
€27,700 EUR - €32,299 EUR
134 85.21%
8.89%
€32,300 EUR - €36,899 EUR
134 76.33%
8.89%
€36,900 EUR - €41,599 EUR
128 67.44%
8.49%
€41,600 EUR - €46,199 EUR
127 58.95%
8.42%
€46,200 EUR - €50,799 EUR
115 50.53%
7.63%
€50,800 EUR - €55,399 EUR
82 42.9%
5.44%
€55,400 EUR - €59,999 EUR
73 37.47%
4.84%
€60,000 EUR - €64,599 EUR
73 32.63%
4.84%
€64,600 EUR - €69,299 EUR
54 27.79%
3.58%
€69,300 EUR - €73,899 EUR
32 24.2%
2.12%
€73,900 EUR - €78,499 EUR
47 22.08%
3.12%
€78,500 EUR - €83,099 EUR
26 18.97%
1.72%
€83,100 EUR - €87,699 EUR
21 17.24%
1.39%
€87,700 EUR - €92,399 EUR
24 15.85%
1.59%
€92,400 EUR - €96,999 EUR
21 14.26%
1.39%
€97,000 EUR - €101,599 EUR
26 12.86%
1.72%
€101,600 EUR - €106,199 EUR
19 11.14%
1.26%
€106,200 EUR - €110,799 EUR
16 9.88%
1.06%
€110,800 EUR - €115,399 EUR
15 8.82%
0.99%
€115,400 EUR - €120,099 EUR
11 7.82%
0.73%
€120,100 EUR - €124,699 EUR
7 7.1%
0.46%
€124,700 EUR - €129,299 EUR
22 6.63%
1.46%
€129,300 EUR - €133,899 EUR
3 5.17%
0.2%
€133,900 EUR - €138,499 EUR
5 4.97%
0.33%
HIGH SALARIES
€138,500 EUR - €147,799 EUR
9 4.64%
0.6%
€147,800 EUR - €156,999 EUR
20 4.05%
1.33%
€157,000 EUR - €166,199 EUR
5 2.72%
0.33%
€166,200 EUR - €175,499 EUR
5 2.39%
0.33%
€175,500 EUR - €184,699 EUR
3 2.06%
0.2%
€184,700 EUR - €193,899 EUR
10 1.86%
0.66%
€193,900 EUR - €203,199 EUR
2 1.19%
0.13%
€203,200 EUR - €212,399 EUR
4 1.06%
0.27%
€212,400 EUR - €221,699 EUR
2 0.8%
0.13%
€221,700 EUR - €230,899 EUR
3 0.66%
0.2%
€230,900 EUR - €323,199 EUR
7 0.46%
0.46%
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Gender / Italy (Gross EUR)

# Surveys AVERAGE SALARY / YEAR
1 Men 1,124 €58,645 EUR
2 Women 268 €47,932 EUR

Education / Italy (Gross EUR)

# Surveys AVERAGE SALARY / YEAR
1 Doctorate Degree 118 €61,323 EUR
2 Masters Degree 716 €60,861 EUR
3 Bachelors Degree 437 €56,336 EUR
4 Some College 72 €50,425 EUR
5 High School 152 €47,378 EUR
6 Bellow H. School 13 €44,515 EUR

Experience / Italy (Gross EUR)

# Surveys AVERAGE SALARY / YEAR
1 20+ Years 168 €91,154 EUR
2 16-20 Years 120 €84,043 EUR
3 12-16 Years 207 €68,896 EUR
4 8-12 Years 297 €61,323 EUR
5 4-8 Years 272 €48,116 EUR
6 2-4 Years 219 €38,234 EUR
7 1-2 Years 116 €34,448 EUR
8 0-1 Year 109 €32,508 EUR

Age / Italy (Gross EUR)

# Surveys AVERAGE SALARY / YEAR
1 56-60 27 €115,351 EUR
2 61-65 10 €96,510 EUR
3 51-55 49 €86,721 EUR
4 46-50 105 €83,119 EUR
5 41-45 165 €73,791 EUR
6 n/a 117 €69,450 EUR
7 36-40 258 €64,279 EUR
8 31-35 330 €49,594 EUR
9 26-30 329 €38,050 EUR
10 14-20 10 €37,219 EUR
11 21-25 107 €33,894 EUR
12 66-70 1 €20,225 EUR

Work Type / Italy (Gross EUR)

# Surveys AVERAGE SALARY / YEAR
1 Permanent 1,213 €60,861 EUR
2 Self Employed 67 €56,428 EUR
3 Contract 206 €41,097 EUR
4 Part Time 22 €35,094 EUR

Cities / Italy (Gross EUR)

# Surveys AVERAGE SALARY / YEAR
1 Prato 5 €118,306 EUR
2 Reggio Calabria 2 €69,820 EUR
3 Verona 40 €66,310 EUR
4 Milan 596 €62,247 EUR
5 Taranto 2 €61,046 EUR
6 Trieste 34 €60,307 EUR
7 Palermo 6 €60,215 EUR
8 Venice 53 €59,846 EUR
9 Foggia 2 €58,645 EUR
10 Modena 23 €58,553 EUR
11 Parma 22 €58,276 EUR
12 Rome 198 €57,260 EUR
13 Bologna 71 €56,613 EUR
14 Brescia 22 €56,151 EUR
15 Catania 7 €54,951 EUR
16 Ravenna 10 €53,750 EUR
17 Rimini 10 €53,658 EUR
18 Florence 68 €51,534 EUR
19 Turin 117 €51,257 EUR
20 --Other-- 85 €51,257 EUR
21 Genoa 36 €49,779 EUR
22 Bari 9 €47,470 EUR
23 Reggio Emilia 17 €45,438 EUR
24 Padua 42 €42,206 EUR
25 Salerno 7 €42,206 EUR
26 Livorno 10 €39,620 EUR
27 Cagliari 8 €38,789 EUR
28 Perugia 6 €36,387 EUR

Career Groups / Italy (Gross EUR)

# Surveys AVERAGE SALARY / YEAR
1 Insurance 3 €101,036 EUR
2 Management & Business 215 €86,998 EUR
3 Construction & Labor Workers 10 €84,597 EUR
4 Health Care & Medical 17 €79,887 EUR
5 Health Care & Medical II 18 €71,298 EUR
6 Marketing, Sales, Purchase 113 €69,266 EUR
7 Logistics, Road, Railway 15 €61,785 EUR
8 Military 1 €60,584 EUR
9 Human Resources 69 €60,030 EUR
10 Law 14 €58,368 EUR
11 Engineers & Technicians IV 15 €58,183 EUR
12 Finance & Banking 90 €57,075 EUR
13 Fashion 13 €56,428 EUR
14 Engineers & Technicians 197 €52,365 EUR
15 Engineers & Technicians III 15 €51,995 EUR
16 Salesmen & Saleswomen 35 €51,811 EUR
17 Public Sector 13 €50,702 EUR
18 Automobile 12 €50,056 EUR
19 Accounting & Administration 57 €49,871 EUR
20 Aviation & Shipping 17 €49,779 EUR
21 IT & Programming 227 €49,502 EUR
22 Engineers & Technicians V 15 €49,040 EUR
23 Customer Services 31 €48,301 EUR
24 Organization & Coordination 19 €47,655 EUR
25 Hotels & Tourism 17 €47,655 EUR
26 IT & Programming II 86 €47,008 EUR
27 Security & Fireguard 2 €45,438 EUR
28 Properties & Real Estates 2 €44,976 EUR
29 Making Design 20 €43,868 EUR
30 Agriculture & Fishing 1 €43,591 EUR
31 Restaurants, Inns, Pubs 14 €40,820 EUR
32 Arts, Culture, Performance 7 €40,359 EUR
33 Education & University 47 €40,082 EUR
34 Engineers & Technicians II 11 €38,234 EUR
35 Media 16 €36,572 EUR
36 Architect Constructions 27 €36,110 EUR
37 Manufacturing & Labor Workers 24 €34,725 EUR
38 Sports & Recreation 3 €31,677 EUR

Careers / Italy (Gross EUR)

# Surveys AVERAGE SALARY / YEAR
1 Director 33 €130,220 EUR
2 General Manager 26 €126,895 EUR
3 Doctor 6 €96,695 EUR
4 Sales Manager 23 €95,402 EUR
5 Doctor Specialist 7 €93,555 EUR
6 Operations Manager 12 €90,600 EUR
7 Manager 25 €90,230 EUR
8 Finance Manager 12 €88,383 EUR
9 Marketing Manager 18 €85,982 EUR
10 Business Development Manager 14 €84,966 EUR
11 Human Resources Manager 29 €81,457 EUR
12 IT Manager 41 €72,498 EUR
13 Engineering Manager 25 €71,852 EUR
14 Technical Manager 15 €64,648 EUR
15 Account Manager 14 €61,231 EUR
16 Purchasing Manager 7 €60,492 EUR
17 Lead Developer 8 €60,030 EUR
18 Electrical Engineer Lead 10 €59,291 EUR
19 Other Finance Career 13 €58,183 EUR
20 Risk Manager 9 €57,814 EUR
21 IT Project Manager 44 €57,629 EUR
22 Project Manager 35 €56,798 EUR
23 Sales 10 €56,613 EUR
24 Product Manager 9 €56,428 EUR
25 Other Human Resource Career 14 €55,043 EUR
26 Customer Service Manager 9 €54,397 EUR
27 Mechanical Engineer Lead 9 €53,011 EUR
28 Other Automobile Career 8 €53,011 EUR
29 Network Specialist 7 €52,365 EUR
30 Engineer 54 €51,718 EUR
31 Salesmen or Saleswomen 12 €49,594 EUR
32 Other Engineer Career 10 €49,594 EUR
33 Marketing 13 €49,132 EUR
34 Computer Engineer 8 €48,855 EUR
35 Other Management Career 15 €48,116 EUR
36 Electrical Engineer 10 €48,116 EUR
37 J2EE Developer 7 €47,470 EUR
38 Web Developer 11 €47,378 EUR
39 Software Engineer 13 €45,623 EUR
40 Oil & Gas Engineer 8 €45,623 EUR
41 Mechanical Engineer 40 €45,069 EUR
42 Research Engineer 23 €44,238 EUR
43 IT Coordinator 19 €39,989 EUR
44 C, C++ Developer 9 €39,158 EUR
45 Manufacturing 6 €38,419 EUR
46 Market Research 7 €37,126 EUR
47 Financial Analyst 21 €36,849 EUR
48 SAP Consulting 8 €35,926 EUR
49 Software Developer 41 €35,556 EUR
50 Chemical Engineer 8 €34,633 EUR
51 Human Resource 18 €34,171 EUR
52 Customer Consultant 7 €33,894 EUR
53 System Administrator 12 €33,524 EUR
54 University Professor Assistant 16 €32,693 EUR
55 Java Developer 11 €32,231 EUR
56 .NET Developer 11 €31,031 EUR
57 Other Education Career 10 €26,228 EUR
58 Architect 20 €23,273 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 €14,400 EUR

Equipment Operator
Posted 27 September 2022
City Education Experience Knowledge Gross salary / year
Modena Masters Degree 1-2 Years Intermediate €15,700 EUR

Reaseracher
Posted 12 September 2022
City Education Experience Knowledge Gross salary / year
Milan Masters Degree 0-1 Year Advanced €18,300 EUR

Full Stack Asp. Net Developer
Posted 11 September 2022
City Education Experience Knowledge Gross salary / year
Livorno High School 1-2 Years Advanced €22,400 EUR

Project&process Specialist
Posted 09 September 2022
City Education Experience Knowledge Gross salary / year
Perugia High School 2-4 Years Advanced €41,200 EUR

E-commerce Project Manager
Posted 05 September 2022
City Education Experience Knowledge Gross salary / year
Milan Masters Degree 4-8 Years Advanced €37,500 EUR

Researcher
Posted 02 September 2022
City Education Experience Knowledge Gross salary / year
Milan Doctorate Degree 2-4 Years Expert €47,600 EUR

Automotive Engineer
Posted 02 September 2022
City Education Experience Knowledge Gross salary / year
Brescia Bachelors Degree 2-4 Years Advanced €44,800 EUR

Trader Gas Power
Posted 01 September 2022
City Education Experience Knowledge Gross salary / year
Milan Masters Degree 4-8 Years Expert €85,700 EUR

Technical Leader
Posted 01 September 2022
City Education Experience Knowledge Gross salary / year
Milan Bachelors Degree 8-12 Years Expert €49,500 EUR

Electrical Lead Engineer
Posted 01 September 2022
City Education Experience Knowledge Gross salary / year
Milan High School 16-20 Years Advanced €42,900 EUR

Technical Safety Engineer
Posted 01 September 2022
City Education Experience Knowledge Gross salary / year
--Other-- Masters Degree 0-1 Year Basic €21,900 EUR

Frontend Developer
Posted 31 August 2022
City Education Experience Knowledge Gross salary / year
Genoa Bachelors Degree 1-2 Years Intermediate €23,800 EUR

Head Hunting Manager
Posted 31 August 2022
City Education Experience Knowledge Gross salary / year
Milan Masters Degree 8-12 Years Expert €42,900 EUR

Economist
Posted 31 August 2022
City Education Experience Knowledge Gross salary / year
Milan Bachelors Degree 2-4 Years Intermediate €40,000 EUR

Enivornmental Consultant
Posted 26 July 2022
City Education Experience Knowledge Gross salary / year
Milan Masters Degree 1-2 Years Intermediate €23,800 EUR

It Specialist
Posted 24 July 2022
City Education Experience Knowledge Gross salary / year
Milan Bachelors Degree 4-8 Years Advanced €60,600 EUR

Export Area Manager
Posted 24 July 2022
City Education Experience Knowledge Gross salary / year
Padua Masters Degree 2-4 Years Expert €31,700 EUR

Chief Financial Officer
Posted 24 July 2022
City Education Experience Knowledge Gross salary / year
Bologna Masters Degree 4-8 Years Expert €102,500 EUR

Urology Resident
Posted 23 July 2022
City Education Experience Knowledge Gross salary / year
Milan Doctorate Degree 2-4 Years Advanced €42,900 EUR

Piping Designer
Posted 21 July 2022
City Education Experience Knowledge Gross salary / year
Milan Bachelors Degree 16-20 Years Expert €37,300 EUR

Technical Manager
Posted 21 July 2022
City Education Experience Knowledge Gross salary / year
Florence Masters Degree 8-12 Years Advanced €46,600 EUR

Project Manager Aerospace Engineering
Posted 19 July 2022
City Education Experience Knowledge Gross salary / year
Padua Doctorate Degree 2-4 Years Advanced €32,600 EUR

Professional Staff
Posted 19 July 2022
City Education Experience Knowledge Gross salary / year
Rome High School 8-12 Years Advanced €35,000 EUR

Consultant
Posted 19 July 2022
City Education Experience Knowledge Gross salary / year
Milan Masters Degree 2-4 Years Advanced €25,600 EUR

Talent Acquisition
Posted 18 July 2022
City Education Experience Knowledge Gross salary / year
--Other-- Masters Degree 2-4 Years Advanced €27,900 EUR

Engineer
Posted 18 July 2022
City Education Experience Knowledge Gross salary / year
--Other-- Bachelors Degree 8-12 Years Advanced €46,600 EUR

Software Engineer
Posted 17 July 2022
City Education Experience Knowledge Gross salary / year
--Other-- Masters Degree 1-2 Years Expert €23,800 EUR

First Officer
Posted 17 July 2022
City Education Experience Knowledge Gross salary / year
--Other-- Bachelors Degree 1-2 Years Intermediate €60,600 EUR

Medical Doctor
Posted 17 July 2022
City Education Experience Knowledge Gross salary / year
Florence Masters Degree 0-1 Year Intermediate €35,400 EUR

Sistemista Microsoft
Posted 16 July 2022
City Education Experience Knowledge Gross salary / year
Rome High School 12-16 Years Advanced €18,700 EUR

Finance Analyst
Posted 13 July 2022
City Education Experience Knowledge Gross salary / year
Florence Masters Degree 0-1 Year Intermediate €26,200 EUR

Devops Consultant
Posted 11 July 2022
City Education Experience Knowledge Gross salary / year
--Other-- Masters Degree 0-1 Year Intermediate €27,200 EUR

Mechanic
Posted 17 June 2022
City Education Experience Knowledge Gross salary / year
Verona Bellow H. School 0-1 Year Intermediate €18,100 EUR

Brokeer
Posted 16 June 2022
City Education Experience Knowledge Gross salary / year
Genoa High School 4-8 Years Advanced €49,600 EUR

Teacher
Posted 14 June 2022
City Education Experience Knowledge Gross salary / year
Trieste Doctorate Degree 4-8 Years Expert €23,800 EUR

Maintenance And Assembly
Posted 14 June 2022
City Education Experience Knowledge Gross salary / year
--Other-- Some College 1-2 Years Intermediate €25,800 EUR

Automotive Hardware Designer
Posted 14 June 2022
City Education Experience Knowledge Gross salary / year
Turin Bachelors Degree 12-16 Years Expert €49,600 EUR

Strategic Demand Generation Manager
Posted 10 June 2022
City Education Experience Knowledge Gross salary / year
Florence Masters Degree 8-12 Years Advanced €68,500 EUR

Account Manager
Posted 08 June 2022
City Education Experience Knowledge Gross salary / year
Padua Masters Degree 4-8 Years Expert €42,600 EUR

Logistics Coordinator
Posted 08 June 2022
City Education Experience Knowledge Gross salary / year
Parma Masters Degree 0-1 Year Intermediate €40,500 EUR

Mechanical Designer
Posted 29 May 2022
City Education Experience Knowledge Gross salary / year
Milan Bachelors Degree 2-4 Years Advanced €40,200 EUR

Operations Manager
Posted 29 May 2022
City Education Experience Knowledge Gross salary / year
Rimini Bachelors Degree 0-1 Year Basic €22,100 EUR

Portfolio Analyst
Posted 29 May 2022
City Education Experience Knowledge Gross salary / year
Milan Masters Degree 1-2 Years Intermediate €30,100 EUR

Hr Manager
Posted 27 May 2022
City Education Experience Knowledge Gross salary / year
Bologna Bachelors Degree 16-20 Years Advanced €77,300 EUR

Energy Cable Technologist
Posted 27 May 2022
City Education Experience Knowledge Gross salary / year
Milan Bachelors Degree 2-4 Years Advanced €28,700 EUR

Head Of Marketing
Posted 26 May 2022
City Education Experience Knowledge Gross salary / year
Milan Masters Degree 16-20 Years Expert €150,700 EUR

Project Manager
Posted 14 April 2022
City Education Experience Knowledge Gross salary / year
Milan Masters Degree 16-20 Years Expert €62,300 EUR

Manager
Posted 08 April 2022
City Education Experience Knowledge Gross salary / year
Milan High School 12-16 Years Advanced €41,900 EUR

Product Manager
Posted 06 April 2022
City Education Experience Knowledge Gross salary / year
Modena Masters Degree 2-4 Years Intermediate €48,200 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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