Post pandemic rebound has decelerated

Last update – January 2024
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.
We have always the best solution for your needs

Swipe to view more

GDP USD2.010bn (World ranking 10, World Bank 2022)
Population 59mn (World ranking 25, World Bank 2022)
Form of state
Republic
Head of government
Georgia Meloni (PM)
Next elections
2027, legislative
  • Resilient private consumption despite high inflation and falling real wages
  • Labor market keeps improving, with employment at a record high
  • Good appetite for Italian sovereign bonds, helped by recent actions by rating agencies
  • Investment has slowed but will be supported by NGEU projects implementation
  • Declining inflation to provide some breathing room
  • Italian banks have cleaned up their balance sheets and built-up stronger capital positions
  • Fiscal consolidation under the spotlight
  • Heavy red tape which hinders innovation and competitiveness
  • Declining working-age population and demographic challenges ahead
  • Efficient and timely allocation of EU funds is being tested
  • Structural reforms needed in many areas
  • Sovereign-bank nexus has reduced but not disappeared

Swipe to view more

  Exports Rank Imports  
Germany 12.4% 1 13.7% Germany
United States 10.4% 2 8.9% China
France 10.0% 3 7.3% France
Spain 5.1% 4 5.6% Netherlands
Switzerland 4.9% 5
4.6% Spain

Swipe to view more

Exports Rank Imports
Other industrial machinery and parts 8.1% 1 9.2% Gas, natural and manufactured

Medicinal and pharmaceutical products 7.0%

2 8.0% Petroleum, petroleum products and related materials
Road vehicles 6.2% 3 6.0% Road vehicles
Specialised machinery 4.3% 4 4.9% Medicinal and pharmaceutical products
Iron and steel 4.2% 5
4.2% Iron and steel
Maddalena Martini
Allianz SE Branch Rome