On this page you will find beneficial information regarding foreign direct investment in / trading with Italy. If you are interested in exploring trade or investment possibilities in the country, feel free to contact the International Trade Council team. Additionally, we encourage you to engage with the official government investment agency featured on this page.
It is important to note that while the statistics presented on this page were understood to be accurate at the time of publication, they are subject to change over time. Please consult your ITC Trade Commissioner for up-to-date information.
Type of Government: Parliamentary Republic
Population: 59.11 million (2021)
GDP: 2.108 trillion USD (2021)
Corporate Tax Rate: 24%
Personal Income Tax Rate: 23% - 43%
Major Exports: Packaged Medicaments ($26.8B), Cars ($16.5B), Refined Petroleum ($15.2B), Motor vehicles; parts and accessories (8701 to 8705) ($14.9B), and Vaccines, blood, antisera, toxins and cultures ($10.1B), exporting mostly to Germany ($78.4B), France ($61.6B), United States ($58.1B), Spain ($29.7B), and United Kingdom ($27B).
Major Imports: Crude Petroleum ($31B), Petroleum Gas ($30.5B), Cars ($26.2B), Packaged Medicaments ($17.6B), and Vaccines, blood, antisera, toxins and cultures ($11.5B), importing mostly from Germany ($88.7B), France ($46B), China ($45.6B), Netherlands ($31.2B), and Spain ($30.6B).