Italy is considered a developed nation. A nation's stage of development is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality and quality of life. As a developed nation, Italy is able to provide social services such as public education, healthcare, and law enforcement to its citizens. Citizens of developed countries enjoy a high standard of living and longer life expectancies than citizens of developing countries. Italy exports about US$474 billion and imports about US$435.8 billion each year. 11.1% of the country's population is unemployed. The total number of unemployed in Italy is 6,581,298. In Italy, 28.7% of the population lives below the poverty line. The percentage of citizens living below the poverty line in Italy is quite high, but nothing to worry about in terms of investments. Potential lenders should look at other economic indicators, including GDP, the rate of urbanization and the strength of the currency, before making investment decisions. Government spending on education is 4.3% of GDP. The country's Gini index is 31.9. Italy is experiencing good equality. The majority of citizens in Italy fall within a narrow income bracket, although some cases can show significant differences. Italy has a Human Development Index (HDI) of 0.872. Italy has a very high HDI value. This suggests that almost all citizens are able to live a desirable life because of social and economic support; Citizens with a low standard of living receive help and support and have the opportunity to rise in society. The Global Peace Index (GPI) for Italy is 1.669. Due to the strong presence of the law enforcement authorities and the high level of social responsibility, Italy is very safe in international comparison. The Strength Law Index for Italy is 2. Overall, it is considered rather weak – bankruptcy and collateral laws fail to protect borrowers' and lenders' rights in the event of credit-related complications; Credit information, if any, is scarce and difficult to access.
Currency
The currency of Italy is euro. There are several plural forms of the name 'euro'. These are euro, euros. The symbol used for this currency is €, and it is abbreviated as EUR. The euro is divided into Cent; there are 100 in one euro.
Credit rating
The depth of credit information index for Italy is 7, which means that information is mostly sufficient and quite detailed; accessibility is not a problem. According to the S&P credit-rating agency, Italy has a credit rating score of BBB-, and the prospects of this rating are stable. According to the Fitch credit-rating agency, Italy has a credit rating score of BBB+, and the prospects of this rating are stable. According to the Moody's credit-rating agency, Italy has a credit rating score of Baa2, and the prospects of this rating are stable.
Central bank
In Italy, the institution that manages the state's currency, money supply, and interest rates is called Bank of Italy. Locally, the central bank of Italy is called Banca d'Italia. The average deposit interest rate offered by local banks in Italy is 0.95%.
Public debt
The government debt of Italy has not been calculated yet.
Tax information
The corporate tax in Italy is set at 27.9%. Personal income tax ranges from 23% to 43%, depending on your specific situation and income level. VAT in Italy is 22%.
Finances
Total Gross Domestic Product (GDP) valued as Purchasing Power Parity (PPP) in Italy is US$2135359 billion. The gross domestic product (GDP) per capita in Italy, calculated as purchasing power parity (PPP), was last at 36 million US dollars. PPPs in Italy are considered below average compared to other countries. Below-average PPPs indicate that citizens in this country find it difficult to buy local goods. Local goods can include food, shelter, clothing, healthcare, personal hygiene, essential furnishings, transportation and communications, laundry, and various types of insurance. Countries with below-average purchasing power parities are dangerous locations for investments. The total Gross Domestic Product (GDP) in Italy is 2,149,485 billion. Based on this statistic, Italy is considered as a large economy. Countries with large economies support a variety of industries and businesses and offer numerous opportunities for investment. Large economies support a significant financial sector, making it easy to organize investments and financial transactions. It should be very easy to find good investment opportunities in Italy. The gross domestic product (GDP) per capita in Italy was last at 36 million US dollars. The average citizen in Italy has very little wealth. Countries with very low wealth per capita often have lower life expectancies and a dramatically lower quality of life for their citizens. In countries with very low levels of prosperity, it can be very difficult to find a highly skilled workforce as citizens find it difficult to obtain the training required for specialized industries. However, labor can be found at very low rates compared to countries with higher wealth per capita. The average annual GDP growth rate in Italy in 2014 was -0.2%. According to this percentage, Italy is currently experiencing a slight decrease. Countries with a slight decline may see a slight decline in personal consumption, employment rate, or personal income. A slight drop in GDP may indicate a risky location for investment; However, some strong economies occasionally experience a slight decline and are still safe investment locations.
