Long-lasting challenges for the new government

Last update – October 2022
Business environment risk
Political risk
Commercial risk
Financing risk
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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
  • 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

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  Exports Rank Imports  
Germany 13.1% 1 16.1% Germany
France 10.3% 2 8.3% France
United States 9.5% 3 8.2% China
Switzerland 5.4% 4 5.9% Netherlands
Spain 5.2% 5
5.1% Spain

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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
Maddalena Martini
Allianz SE Branch Rome