Italy

Macroeconomic Sketch

Satvik Srijan
M21BBAU0264
 The average life
Almost 20% of Italy's population is The average Italian expectancy at birth
over 65 years old. family has 1.27 children. for an Italian is
79.54 years.
CURRENCY VALUATION AGAINST DOLLAR
INFLATION RATE
 Nominal GDP
1200

1000

800

600

400

200

0
Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

Current Constant
 GDP

$2,500,000,000,000.00 4.00%

2.00%
$2,000,000,000,000.00
0.00%
$1,500,000,000,000.00 -2.00%

$1,000,000,000,000.00 -4.00%

-6.00%
$500,000,000,000.00
-8.00%

$0.00 -10.00%
2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010

Italy GDP - Historical Data GDP (B) Italy GDP - Historical Data Growth
 Contribution By Sector

2.106 trillion dollar (2021).

Industry Construction
Agriculture, forestry, fishing Service
DEPTH HS2 EXPORTS 2020 TOTAL $481B
GOVERNMENT DEBT
 GDP/DEBT RATIO

Debt as % of GDP 159.12%

GDP DEBT
IMPORTS
EXPORTS
TRADE BALANCE
NATIONAL REVENUE
 Per Capita
$45,000

$40,000

$35,000

$30,000

$25,000

$20,000

$15,000

$10,000

$5,000

$0
2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
UNEMPLOYMENT RATES
 Policies passed by the council in 2017

Pursue its fiscal policy in line with the requirements of the preventive arm of the Stability and
Growth Pact, which translates into a substantial fiscal effort for 2018. When taking policy action,
consideration should be given to achieving a fiscal stance that contributes to both
strengthening the ongoing recovery and ensuring the sustainability of Italy’s public finances.
Shift the tax burden from the factors of production onto taxes less detrimental to growth in a
budgetary neutral way by taking decisive action to reduce the number and scope of tax
expenditures, reforming the outdated cadastral system and reintroducing the first residence tax
for high-income households. Broaden the compulsory use of electronic invoicing and
payments.

Accelerate the reduction in the stock of non-performing loans and step up incentives for
balance-sheet clean-up and restructuring, in particular in the segment of banks under national
supervision. Adopt a comprehensive overhaul of the regulatory framework for insolvency and
collateral enforcement
 Effect Of The Reform

The macroeconomic data for the country shows that the reforms did not have any effect on the country’s
problems with, growing national debt but it did have an effect on the country’s unemployment rate continues
to fall 2017 onwards, though it would be tough to say if it was due to a direct effect of policy change
Suggestions
• The government should allocate it funds in rather long term
policies, focusing on creating better skilled workforce.
• From the knowledge I have, the country’s high taxation promotes
people against non payment of taxes. Its taxes, especially property
taxes, should be eased.