Italy
Long-lasting challenges for the new government
Last update – October 2022
Country rating

MEDIUM RISK FOR ENTERPRISE
Economic risk
Business environment risk
Political risk
Commercial risk
Financing risk
The country risk assessments are your North Star metrics to make the right decision for your business and understand the risks in international trade.
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GDP | USD2100bn (World ranking 8, World Bank 2021) |
Population | 59.1mn (World ranking 25, World Bank 2021) |
Form of state |
Republic |
Head of government |
Georgia Meloni (PM) |
Next elections |
2027, legislative |
Strengths & weaknesses

- Well-diversified export sector
- Strong manufacturing base
- Low private debt burden
- Primary fiscal surplus
- Strong domestic investor base for public debt

- Elevated policy uncertainty
- High public debt burden
- Fragile banking sector
- Rigid business environment
- Low R&D expenditure
Economic overview
Trade structure by destination/origin
(% of total, 2021)
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Exports | Rank | Imports | ||
Germany 13.1% |
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1 |
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16.1% Germany |
France 10.3% |
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2 |
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8.3% France |
United States 9.5% |
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3 |
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8.2% China |
Switzerland 5.4% |
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4 |
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5.9% Netherlands |
Spain 5.2% |
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5 |
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5.1% Spain |
Trade structure by product
(% of total, 2021)
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Exports | Rank | Imports |
Other industrial machinery and parts 9.5% | 1 | 7.7% Road vehicles |
Road vehicles 7.1% |
2 | 7.0% Petroleum, petroleum products and related materials |
Medicinal and pharmaceutical products 6.4% | 3 | 5.8% Medicinal and pharmaceutical products |
Specialised machinery 5.1% | 4 |
5.2% Electrical machinery, apparatus and appliances, n.e.s. |
Electrical machinery, apparatus and appliances, n.e.s. 4.7% |
5 |
4.8% Iron and steel |
Contact
Maddalena Martini
Allianz SE Branch Rome
Allianz SE Branch Rome