
Aaron O'Neill
Research lead for society, economy, and politics: Europe & global
Get in touch with us nowIn 2024, the unemployment rate in Italy was around seven percent, while it could reach 7.6 percent by 2029.
Economy and employment in Italy
Since reaching a decade low in 2007, unemployment in Italy has experienced considerable surges, most notably after 2011. This is mainly the cause of their late 2000s recession, originally triggered by the global crisis. Additionally, Italy experienced its highest spike in national debt in 2024, indicating that it is becoming more dependent on other nations to fund and fuel its economy. A significant reason for the country’s national debt is inefficient budgeting.
Italy among the global leading importers
Italy earned a place as one of the top 20 leading import countries worldwide, ahead of prominent exporters such as Canada and Mexico. This signifies that the country is capable of producing and selling goods, however, requires funding from other countries to complete the job, which subsequently leads to a higher national debt. Conversely, since 2013, the trade balance of goods has always recorded positive figures, registering a trade deficit only in 2022.
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Overview
Impact on economy
COVID-19 vaccine
Mortality
Hospitalizations and recoveries
COVID-19 in Italy
Further related statistics
* For commercial use only
Basic Account
Starter Account
Professional Account
1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.