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Average Salary - Italy ITALY / SALARY


SALARY SURVEYS

1,461

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

0.92 EUR = 1 USD

€57,874 EUR

$62,943 USD
Milan

€62,440 EUR

€34,020 EUR

$37,000 USD
Including "Milan"
Excluding "Milan"

Average Salary / Italy

Average salary in Italy is €57,874 EUR per year. The most typical earning is €34,020 EUR. All data are based on 1,461 salary surveys. Salaries are different between men and women. Men receive an average salary of €59,029 EUR. Women receive a salary of €48,088 EUR.

The most paid careers are Insurance with average income €100,590 EUR and Management & Business with income €86,889 EUR.

Based on education, the highest salaries receive people with Doctorate Degree with salary of €61,972 EUR. The second most paid education level is Masters Degree with salary of €61,144 EUR.

Different experiences affect earning as well. People with 20+ Years of experience receive salary of €90,751 EUR. Employees with 16-20 Years of experience receive €83,947 EUR.

Levels / Italy (Gross EUR)

Salary Levels (EUR) per Year Surveys [%]
€9,200 EUR - €13,799 EUR
11 100%
0.75%
€13,800 EUR - €18,399 EUR
39 99.25%
2.67%
€18,400 EUR - €22,999 EUR
48 96.58%
3.29%
€23,000 EUR - €27,599 EUR
109 93.29%
7.46%
€27,600 EUR - €32,199 EUR
130 85.83%
8.9%
THE MOST TYPICAL SALARY
€32,200 EUR - €36,799 EUR
131 76.93%
8.97%
€36,800 EUR - €41,399 EUR
122 67.97%
8.35%
€41,400 EUR - €45,999 EUR
122 59.62%
8.35%
€46,000 EUR - €50,599 EUR
109 51.27%
7.46%
€50,600 EUR - €55,199 EUR
82 43.81%
5.61%
€55,200 EUR - €59,799 EUR
73 38.19%
5%
€59,800 EUR - €64,399 EUR
71 33.2%
4.86%
€64,400 EUR - €68,999 EUR
53 28.34%
3.63%
€69,000 EUR - €73,599 EUR
32 24.71%
2.19%
€73,600 EUR - €78,199 EUR
46 22.52%
3.15%
€78,200 EUR - €82,799 EUR
26 19.37%
1.78%
€82,800 EUR - €87,299 EUR
20 17.59%
1.37%
€87,300 EUR - €91,899 EUR
24 16.22%
1.64%
€91,900 EUR - €96,499 EUR
21 14.58%
1.44%
€96,500 EUR - €101,099 EUR
26 13.14%
1.78%
€101,100 EUR - €105,699 EUR
18 11.36%
1.23%
€105,700 EUR - €110,299 EUR
16 10.13%
1.1%
€110,300 EUR - €114,899 EUR
15 9.03%
1.03%
€114,900 EUR - €119,499 EUR
11 8.01%
0.75%
€119,500 EUR - €124,099 EUR
7 7.26%
0.48%
€124,100 EUR - €128,699 EUR
22 6.78%
1.51%
€128,700 EUR - €133,299 EUR
3 5.27%
0.21%
€133,300 EUR - €137,899 EUR
5 5.07%
0.34%
HIGH SALARIES
€137,900 EUR - €147,099 EUR
9 4.72%
0.62%
€147,100 EUR - €156,299 EUR
19 4.11%
1.3%
€156,300 EUR - €165,499 EUR
5 2.81%
0.34%
€165,500 EUR - €174,699 EUR
5 2.46%
0.34%
€174,700 EUR - €183,899 EUR
3 2.12%
0.21%
€183,900 EUR - €193,099 EUR
10 1.92%
0.68%
€193,100 EUR - €202,299 EUR
2 1.23%
0.14%
€202,300 EUR - €211,499 EUR
4 1.1%
0.27%
€211,500 EUR - €220,699 EUR
2 0.82%
0.14%
€220,700 EUR - €229,899 EUR
3 0.68%
0.21%
€229,900 EUR - €321,799 EUR
7 0.48%
0.48%

Gender / Italy (Gross EUR)

# Surveys AVERAGE SALARY / YEAR
1 Men 1,082 €59,029 EUR
2 Women 263 €48,088 EUR

Education / Italy (Gross EUR)

# Surveys AVERAGE SALARY / YEAR
1 Doctorate Degree 114 €61,972 EUR
2 Masters Degree 694 €61,144 EUR
3 Bachelors Degree 424 €56,455 EUR
4 Some College 71 €50,478 EUR
5 High School 146 €47,628 EUR
6 Bellow H. School 12 €46,525 EUR

Experience / Italy (Gross EUR)

# Surveys AVERAGE SALARY / YEAR
1 20+ Years 168 €90,751 EUR
2 16-20 Years 116 €83,947 EUR
3 12-16 Years 205 €68,960 EUR
4 8-12 Years 291 €61,328 EUR
5 4-8 Years 265 €47,628 EUR
6 2-4 Years 208 €38,158 EUR
7 1-2 Years 107 €34,939 EUR
8 0-1 Year 101 €32,825 EUR

Age / Italy (Gross EUR)

# Surveys AVERAGE SALARY / YEAR
1 56-60 27 €114,841 EUR
2 61-65 10 €96,084 EUR
3 51-55 49 €86,338 EUR
4 46-50 103 €82,108 EUR
5 41-45 156 €74,936 EUR
6 n/a 117 €69,144 EUR
7 36-40 251 €64,454 EUR
8 31-35 319 €49,743 EUR
9 26-30 316 €38,433 EUR
10 14-20 10 €37,054 EUR
11 21-25 102 €33,744 EUR
12 66-70 1 €20,136 EUR

Work Type / Italy (Gross EUR)

# Surveys AVERAGE SALARY / YEAR
1 Permanent 1,177 €61,236 EUR
2 Self Employed 65 €55,076 EUR
3 Contract 197 €41,376 EUR
4 Part Time 22 €34,939 EUR

Cities / Italy (Gross EUR)

# Surveys AVERAGE SALARY / YEAR
1 Prato 5 €117,784 EUR
2 Reggio Calabria 2 €69,511 EUR
3 Verona 39 €67,213 EUR
4 Milan 579 €62,432 EUR
5 Trieste 33 €61,144 EUR
6 Taranto 2 €60,776 EUR
7 Modena 22 €60,225 EUR
8 Palermo 6 €59,949 EUR
9 Venice 53 €59,581 EUR
10 Parma 21 €58,846 EUR
11 Foggia 2 €58,386 EUR
12 Rome 195 €57,558 EUR
13 Rimini 9 €56,915 EUR
14 Brescia 21 €56,455 EUR
15 Bologna 69 €55,352 EUR
16 Catania 7 €54,708 EUR
17 Ravenna 10 €53,513 EUR
18 --Other-- 78 €52,593 EUR
19 Florence 64 €51,766 EUR
20 Turin 116 €51,030 EUR
21 Genoa 34 €50,295 EUR
22 Bari 9 €47,260 EUR
23 Reggio Emilia 17 €45,237 EUR
24 Padua 39 €42,571 EUR
25 Salerno 7 €42,019 EUR
26 Livorno 9 €41,376 EUR
27 Cagliari 8 €38,617 EUR
28 Perugia 5 €35,307 EUR

Career Groups / Italy (Gross EUR)

# Surveys AVERAGE SALARY / YEAR
1 Insurance 3 €100,590 EUR
2 Management & Business 212 €86,889 EUR
3 Health Care & Medical 15 €84,959 EUR
4 Construction & Labor Workers 10 €84,223 EUR
5 Health Care & Medical II 18 €70,983 EUR
6 Marketing, Sales, Purchase 111 €68,592 EUR
7 Logistics, Road, Railway 14 €62,983 EUR
8 Human Resources 65 €60,593 EUR
9 Military 1 €60,317 EUR
10 Law 14 €58,110 EUR
11 Engineers & Technicians IV 15 €57,926 EUR
12 Finance & Banking 87 €57,191 EUR
13 Fashion 13 €56,179 EUR
14 Engineers & Technicians III 14 €52,777 EUR
15 Automobile 11 €52,777 EUR
16 Engineers & Technicians 191 €52,593 EUR
17 Salesmen & Saleswomen 34 €51,766 EUR
18 Public Sector 13 €50,478 EUR
19 Accounting & Administration 56 €49,835 EUR
20 IT & Programming 222 €49,743 EUR
21 Organization & Coordination 16 €49,467 EUR
22 Customer Services 30 €49,191 EUR
23 Aviation & Shipping 15 €48,915 EUR
24 Engineers & Technicians V 15 €48,823 EUR
25 Hotels & Tourism 17 €47,444 EUR
26 IT & Programming II 83 €47,260 EUR
27 Security & Fireguard 2 €45,237 EUR
28 Properties & Real Estates 2 €44,778 EUR
29 Making Design 20 €43,674 EUR
30 Agriculture & Fishing 1 €43,398 EUR
31 Restaurants, Inns, Pubs 14 €40,640 EUR
32 Education & University 44 €40,548 EUR
33 Arts, Culture, Performance 7 €40,180 EUR
34 Engineers & Technicians II 9 €39,353 EUR
35 Media 16 €36,411 EUR
36 Architect Constructions 27 €35,951 EUR
37 Manufacturing & Labor Workers 21 €35,399 EUR
38 Sports & Recreation 3 €31,537 EUR

Careers / Italy (Gross EUR)

# Surveys AVERAGE SALARY / YEAR
1 Director 32 €130,472 EUR
2 General Manager 26 €126,335 EUR
3 Sales Manager 22 €97,923 EUR
4 Doctor Specialist 7 €93,142 EUR
5 Operations Manager 12 €90,200 EUR
6 Manager 25 €89,832 EUR
7 Finance Manager 12 €87,993 EUR
8 Business Development Manager 13 €85,878 EUR
9 Marketing Manager 18 €85,602 EUR
10 Human Resources Manager 27 €82,660 EUR
11 Security Specialist 6 €79,718 EUR
12 IT Manager 41 €72,178 EUR
13 Engineering Manager 25 €71,534 EUR
14 Technical Manager 15 €64,362 EUR
15 Account Manager 14 €60,960 EUR
16 Purchasing Manager 7 €60,225 EUR
17 Electrical Engineer Lead 9 €60,133 EUR
18 Lead Developer 8 €59,765 EUR
19 Other IT Career 6 €58,754 EUR
20 IT Project Manager 43 €57,834 EUR
21 Risk Manager 9 €57,558 EUR
22 Project Manager 34 €57,191 EUR
23 Other Human Resource Career 13 €56,363 EUR
24 Sales 10 €56,363 EUR
25 Product Manager 9 €56,179 EUR
26 Other Finance Career 12 €55,627 EUR
27 Other Sales Career 6 €55,535 EUR
28 Customer Service Manager 9 €54,156 EUR
29 Mechanical Engineer Lead 9 €52,777 EUR
30 Other Automobile Career 8 €52,777 EUR
31 Network Specialist 7 €52,133 EUR
32 Engineer 52 €52,042 EUR
33 Salesmen or Saleswomen 11 €50,019 EUR
34 Other Engineer Career 10 €49,375 EUR
35 Marketing 13 €48,915 EUR
36 Computer Engineer 8 €48,639 EUR
37 Other Management Career 15 €47,904 EUR
38 Electrical Engineer 10 €47,904 EUR
39 J2EE Developer 7 €47,260 EUR
40 Web Developer 11 €47,168 EUR
41 Oil & Gas Engineer 7 €46,617 EUR
42 Mechanical Engineer 37 €45,421 EUR
43 Software Engineer 13 €45,421 EUR
44 Research Engineer 23 €44,042 EUR
45 IT Coordinator 19 €39,813 EUR
46 C, C++ Developer 9 €38,985 EUR
47 Financial Analyst 19 €37,606 EUR
48 Market Research 7 €36,962 EUR
49 Chemical Engineer 7 €36,319 EUR
50 SAP Consulting 8 €35,767 EUR
51 Software Developer 40 €35,675 EUR
52 Human Resource 17 €34,388 EUR
53 System Administrator 9 €32,641 EUR
54 University Professor Assistant 14 €32,549 EUR
55 Java Developer 11 €32,089 EUR
56 .NET Developer 10 €31,629 EUR
57 Other Education Career 10 €26,112 EUR
58 Architect 20 €23,170 EUR

People's individual salary examples (surveys)

Project Manager
Posted 14 April 2022
City Education Experience Knowledge Gross salary / year
Milan Masters Degree 16-20 Years Expert €62,000 EUR

Manager
Posted 08 April 2022
City Education Experience Knowledge Gross salary / year
Milan High School 12-16 Years Advanced €41,700 EUR

Product Manager
Posted 06 April 2022
City Education Experience Knowledge Gross salary / year
Modena Masters Degree 2-4 Years Intermediate €48,000 EUR

Web Administrator
Posted 27 March 2022
City Education Experience Knowledge Gross salary / year
Rome High School 4-8 Years Intermediate €35,400 EUR

Senior Electrical Engineer
Posted 25 March 2022
City Education Experience Knowledge Gross salary / year
Milan Masters Degree 12-16 Years Advanced €62,500 EUR

Associate Consultant
Posted 22 March 2022
City Education Experience Knowledge Gross salary / year
Milan Masters Degree 0-1 Year Intermediate €24,000 EUR

Head Of Commercial Development Team
Posted 21 March 2022
City Education Experience Knowledge Gross salary / year
Rome Masters Degree 16-20 Years Expert €125,100 EUR

Product Line Manager
Posted 21 March 2022
City Education Experience Knowledge Gross salary / year
--Other-- Masters Degree 1-2 Years Intermediate €74,000 EUR

Senior Interior Designer
Posted 21 March 2022
City Education Experience Knowledge Gross salary / year
Milan Some College 4-8 Years Advanced €29,900 EUR

Distribution Specialist
Posted 20 March 2022
City Education Experience Knowledge Gross salary / year
Milan Bachelors Degree 2-4 Years Advanced €36,500 EUR

Sernior Creator
Posted 20 March 2022
City Education Experience Knowledge Gross salary / year
Milan Bachelors Degree 2-4 Years Advanced €36,500 EUR

Degree In Aerospace Engineering, University Of Arizona, Tucson, Az, Usa
Posted 20 March 2022
City Education Experience Knowledge Gross salary / year
Rome Masters Degree 16-20 Years Expert €62,500 EUR

Hr Site Personnel Management
Posted 18 March 2022
City Education Experience Knowledge Gross salary / year
Milan Bachelors Degree 8-12 Years Advanced €45,900 EUR

Structural Engineer
Posted 11 March 2022
City Education Experience Knowledge Gross salary / year
Milan Masters Degree 2-4 Years Advanced €57,300 EUR

Client Site Representative
Posted 10 March 2022
City Education Experience Knowledge Gross salary / year
Ravenna Bachelors Degree 8-12 Years Expert €156,400 EUR

It Coordinator
Posted 05 March 2022
City Education Experience Knowledge Gross salary / year
Rome High School 16-20 Years Expert €31,300 EUR

Banking Operation
Posted 21 February 2022
City Education Experience Knowledge Gross salary / year
Milan Masters Degree 2-4 Years Advanced €44,300 EUR

Direttore Generale
Posted 19 February 2022
City Education Experience Knowledge Gross salary / year
Venice Masters Degree 16-20 Years Expert €113,300 EUR

Wealth Management Analyst
Posted 18 February 2022
City Education Experience Knowledge Gross salary / year
Bologna Masters Degree 0-1 Year Advanced €41,200 EUR

Gastronomia
Posted 17 February 2022
City Education Experience Knowledge Gross salary / year
--Other-- High School 1-2 Years Intermediate €27,600 EUR

It Manager
Posted 16 February 2022
City Education Experience Knowledge Gross salary / year
Rome Masters Degree 12-16 Years Expert €61,800 EUR

Hr Country Manager
Posted 15 February 2022
City Education Experience Knowledge Gross salary / year
Milan Masters Degree 16-20 Years Advanced €71,100 EUR

Associate
Posted 18 January 2022
City Education Experience Knowledge Gross salary / year
Milan Masters Degree 1-2 Years Advanced €72,600 EUR

Finance Manager
Posted 18 January 2022
City Education Experience Knowledge Gross salary / year
Verona Some College 16-20 Years Expert €55,800 EUR

Software Engineer
Posted 15 January 2022
City Education Experience Knowledge Gross salary / year
Milan Bachelors Degree 2-4 Years Advanced €39,100 EUR

Phd Candidate
Posted 14 January 2022
City Education Experience Knowledge Gross salary / year
Milan Doctorate Degree 0-1 Year Expert €18,800 EUR

Professional Nurse
Posted 13 January 2022
City Education Experience Knowledge Gross salary / year
Rome Masters Degree 2-4 Years Advanced €30,100 EUR

Waitress
Posted 13 January 2022
City Education Experience Knowledge Gross salary / year
Turin Bachelors Degree 0-1 Year Intermediate €10,000 EUR

Head Of Project Finance And M&a
Posted 11 January 2022
City Education Experience Knowledge Gross salary / year
Rome Bachelors Degree 4-8 Years Advanced €89,300 EUR

Senior Talent Acquisition Partner
Posted 11 January 2022
City Education Experience Knowledge Gross salary / year
Milan Masters Degree 4-8 Years Expert €59,900 EUR

Software Analyst And Developer
Posted 10 January 2022
City Education Experience Knowledge Gross salary / year
Rome Masters Degree 2-4 Years Advanced €39,100 EUR

Senior Consultant
Posted 09 January 2022
City Education Experience Knowledge Gross salary / year
Turin Masters Degree 2-4 Years Advanced €44,700 EUR

Retired
Posted 06 January 2022
City Education Experience Knowledge Gross salary / year
--Other-- Masters Degree 16-20 Years Expert €122,800 EUR

Pizzaiolo
Posted 04 January 2022
City Education Experience Knowledge Gross salary / year
Rome Some College 2-4 Years Advanced €24,000 EUR

Notary
Posted 31 December 2021
City Education Experience Knowledge Gross salary / year
Genoa Doctorate Degree 16-20 Years Expert €50,200 EUR

Manager
Posted 30 December 2021
City Education Experience Knowledge Gross salary / year
Padua Bachelors Degree 0-1 Year Advanced €50,200 EUR

Intern
Posted 30 December 2021
City Education Experience Knowledge Gross salary / year
Milan Masters Degree 0-1 Year Basic €12,700 EUR

Junior Accountant
Posted 27 December 2021
City Education Experience Knowledge Gross salary / year
Milan Bachelors Degree 2-4 Years Advanced €29,000 EUR

Senior Analyst
Posted 17 December 2021
City Education Experience Knowledge Gross salary / year
Milan Masters Degree 0-1 Year Intermediate €33,500 EUR

Site Materials Leader
Posted 03 December 2021
City Education Experience Knowledge Gross salary / year
Parma High School 16-20 Years Advanced €59,700 EUR

Branch Manager
Posted 29 November 2021
City Education Experience Knowledge Gross salary / year
Milan Masters Degree 4-8 Years Advanced €111,600 EUR

Project Manager
Posted 26 November 2021
City Education Experience Knowledge Gross salary / year
Milan Bachelors Degree 4-8 Years Advanced €55,800 EUR

Sales
Posted 26 November 2021
City Education Experience Knowledge Gross salary / year
Cagliari Masters Degree 4-8 Years Intermediate €111,600 EUR

Business Development Manager
Posted 26 November 2021
City Education Experience Knowledge Gross salary / year
Milan Masters Degree 4-8 Years Advanced €77,000 EUR

Pedagogista
Posted 24 November 2021
City Education Experience Knowledge Gross salary / year
Reggio Emilia Masters Degree 2-4 Years Advanced €39,100 EUR

After Sales Services
Posted 24 November 2021
City Education Experience Knowledge Gross salary / year
Venice High School 2-4 Years Advanced €40,200 EUR

Project Electrical Engineer
Posted 24 November 2021
City Education Experience Knowledge Gross salary / year
Milan Masters Degree 1-2 Years Basic €44,700 EUR

Production Line Operator/machinist
Posted 23 November 2021
City Education Experience Knowledge Gross salary / year
--Other-- High School 1-2 Years Intermediate €31,300 EUR

Recruiting Manager
Posted 23 November 2021
City Education Experience Knowledge Gross salary / year
Milan Masters Degree 8-12 Years Expert €46,900 EUR

Master Degree In Electronics Engineering
Posted 22 November 2021
City Education Experience Knowledge Gross salary / year
--Other-- Masters Degree 1-2 Years Advanced €42,400 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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