According to the Italian National Statistics Institute – ISTAT, Italy’s GDP in 2023 was EUR 2,085 billion. This ranks Italy sixth among OECD countries and third among EU countries. In particular, Italy’s GDP represents about 12% of the European Union’s total GDP.
These figures confirm the important role and economic weight that Italy plays at European and international level. Despite the challenges of recent years, the Italian economy remains one of the world’s leading advanced economies. Situated in the heart of the Mediterranean, Italy is one of the main gateways to a market of 500 million consumers in the European Union and 270 million in North Africa and the Middle East.
Its size and productive diversification are a factor of stability and resilience, making it a strategic economic partner for many countries, including Kosovo, which has significant trade and investment relations with Italy. Investing in Italy means having access to an immense wealth of unique intellectual and specialised knowledge in all fields, and extraordinary know-how in strategic sectors such as machinery, automation, fashion and design, through to food and cooking. In recent years, Italy has also opened up to foreign investment in sensitive sectors such as energy, networks, telecommunications and transport.
If you are interested in doing business in Italy, we suggest to check the following websites:
- Good reasons to invest in Italy 1: https://www.investinitaly.gov.it/en
- Good reasons to invest in Italy 2: https://www.esteri.it/en/diplomazia-economica-e-politica-commerciale/diplomaziaeconomica/l-attrazione-degli-investimenti/perche-investire-in-italia/
- Investor Visa for Italy: https://investorvisa.mise.gov.it/index.php/en/
- Italy start-up visa: https://italiastartupvisa.mise.gov.it/
- Italian Trade Agency ICE: https://www.ice.it/en/
(Updated on 26.06.2024)