Italy
The economy consists of a large state owned sector and high numbers of family owned businesses, including Fiat. Italy has relatively few multinationals compared with other G7 economies. The housing market grew steadily if unspectacularly over the last 7 years.
Economic Strengths
Diversified service sector based economy.
Economic Weaknesses
Slow implementation of government reforms. Below eurozone growth. North-south divide. Energy imported.
| Population | 59,497,321 |
| Capital city | Rome |
| Currency | Euro |
| World GNP Ranking | 10 |
| Unemployment | 6.7% |
| Inflation | 2.14% |
Source: Central Intelligence Agency; The World Factbook, March 2009