The currency of the country is Euro. The symbol used for this currency is €, abbreviated to EUR. 11.1% of the country's population is unemployed. The total number of unemployed in Italy is 6,581,298. Italy exports about US$474 billion and imports about US$435.8 billion each year. The country's Gini index is 31.9. Italy has a Human Development Index (HDI) of 0.872. The Global Peace Index (GPI) for Italy is 1.669. Italy is considered a developed nation. A nation's level of development is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality and quality of life. The main economic sectors of the country are tourism, machinery, iron and steel, chemicals, food processing, textiles, motor vehicles, clothing, shoes, ceramics.

The total Gross Domestic Product (GDP) calculated in Purchasing Power Parity (PPP) in Italy is US$2,135,359 billion. Every year, consumers spend around $1,300,337 million. The ratio of consumer spending to GDP in Italy is 0% and the ratio of consumer spending to world consumer market is 3.02. Corporate tax in Italy is 27.9%. Personal income tax ranges from 23% to 43% depending on your specific situation and income level. VAT in Italy is 22%.

https://www.confiduss.com/en/jurisdictions/italy/economy/