Finance of Italy

The minimum monthly wage in Italy is not regulated by the government. With regard to consumer prices, the inflation rate in Italy is 1.2%. 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. Each year, consumers spend around $1,300,337 million. The ratio of consumer spending to GDP in Italy is 0.06%, and the ratio of consumer spending to the world consumer market is 302%. 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%.

Gross Domestic Product

The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Italy is $2,135,359 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in Italy was last recorded at $36,014,911. PPP in Italy is considered to be very good when compared to other countries. Very good PPP indicates that citizens in this country find it easy to purchase local goods. Local goods can include food, shleter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance. Countries with very good PPP are safe locations for investments. The total Gross Domestic Product (GDP) in Italy is 2,149,485 billion. Based on this statistic, Italy is considered to have a large economy. Countries with large economies support a wide variety of industries and businesses, providing ample opportunities for investment. Large economies support a substantial financial sector, making it easy to organize investments and financial transactions. It should be very easy to find good opportunities for investment in Italy. The Gross Domestic Product (GDP) per capita in Italy was last recorded at $36,253,160. The average citizen in Italy has very high wealth. Countries with very high wealth per capita have an extended life expectancy and very high standard of living. Highly skilled workers can be found in many industries, and labor is very expensive in these countries. Countries with very high wealth offer opportunities for safe investments, as they are often supported by a diverse and thriving financial sector. GDP Annual Growth Rate in Italy averaged -0.2% in 2014. According to this percentage, Italy is currently experiencing modest decline. Countries that are experiencing modest decline may see a small reduction in personal consumption, employment rate, or personal income. A modest decline in GDP can signal a risky location for investments; however, some strong economic nations occasionally experience modest decline and are still safe investment locations.