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COUNTRY SNAPSHOTS

Italy Highlights

Joined the OECD: 1962 Prime Minister: Mario Monti

• GDP per head increased by almost US$6,000 between 2000 and 2010, to $31,563.

Ambassador to the OECD:

• Household disposable income shrank by 3% in 2009.

Carlo Maria Oliva Delegation website: www.rappocse.esteri.it

• General government debt came to 126.8% of GDP, compared with 97.6% for the OECD.

Parliament website: www.parlamento.it

• The proportion of the population aged 65 and over was 20.5% in 2010, compared with 14.7% for the OECD.

Capital city: Rome

• Unemployment decreased over the past decade from 10.1% to 8.4%, compared with the OECD where the rate rose from 6.3% to 8.6%. • Renewable energy accounted for 10.2% of Italy’s energy supply, up from 5.9% in 2000. • Development aid came to 0.15% of gross national income.

ECONOMY

2000 2010 1

GLOBALISATION  

Gross domestic product (US$ bln, PPPs)

1 457.4 1 908.6

Imports of goods and services (% of GDP)

26.1

28.5

GDP per capita (US$)

25 594 31 563

Exports of goods and services (% of GDP)

27.1

26.8

Real GDP growth (annual %)

3.7

1.3

Net official development assistance (% of GNI)

0.13

0.15

Household disposable income (annual growth %)

0.3

-3.0 2

Foreign-born population (% of population)

..

..

Budget balance (% of GDP)

-0.9

-4.5

Migration rate (per thousand)

3.1

..

Public debt (% of GDP)

121.6

126.8

Outward FDI stocks (US$ bln)

180

476

Current account balance (% of GDP)

-0.5

-3.2

Inward FDI stocks (US$ bln)

121

337

Inflation rate: all items (annual %)

2.5

1.5

Unit labour cost (annual growth %)

-0.4

-0.2

SOCIETY  

Long-term interest rates (%)

5.58

4.04

Population (thousands)

56 942 60 193 2

Public expenditure on health (% of GDP)

5.8

7.4 2

Life expectancy at birth (years)

79.8

..

Private expenditure on health (% of GDP)

2.2

2.1 2

Population, 65 and over (% of population)

18.3

20.5

Public expenditure on education (% of GDP)

..

4.5 3

Employment rates: men (%)

68.2

67.7

Private expenditure on education (% of GDP)

..

0.3 3

Employment rates: women (%)

39.6

46.1

Self-employment rates (% of employed)

28.5

25.5

NEW SOURCES OF GROWTH  

Unemployment rates (%)

10.1

8.4

Renewable energy (% of energy supply)

5.9

10.2

Long-term unemployment (% of unemployed)

61.3

48.5

Total energy production (Mtoe)

28.2

28.8

Income inequality, rank out of 34 (1: least unequal)

..

27 4

CO2 emissions from fuel combustion (mln tonnes)

426

389 2

Average hours actually worked (per year)

1 861

1 778

R&D expenditure (% of GDP)

1.0

1.3 2

Taxes on average worker (all-in, % of labour cost)

46.9

46.9

Tertiary graduation rates (% of population)

..

14.5 2

Road fatalities (per mln inhabitants)

115

71 2

Households with Internet access (%)

18.8

53.5 2

1. Unless otherwise indicated 2. 2009 data 3. 2008 data 4. Late 2000s data, based on Gini coefficient

142 OECD Yearbook 2012 © OECD 2012

2012 OECD Yearbook  

2012 OECD Yearbook

2012 OECD Yearbook  

2012 OECD Yearbook

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