Long-lasting challenges for the new government
A2
MEDIUM RISK for entreprise
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
Last updated in October 2022.
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GDP | USD2010.4bn (World ranking 10, World Bank 2022) |
Population | 58.9mn (World ranking 25, World Bank 2022) |
Form of state | Republic |
Head of government | Giorgia Meloni (PM) |
Next elections | 2027, legislative |

- Well-diversified export sector
- Strong manufacturing base
- Low private debt burden
- Primary fiscal surplus
- Strong domestic investor base for public debt

- Elevated policy uncertainty
- High public debt burden
- Fragile banking sector
- Rigid business environment
- Low R&D expenditure
Trade structure by destination/origin
(% of total, 2021)
Exports | Rank | Imports |
---|---|---|
Germany
13.1%
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1 |
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France
10.3%
![]() |
2 |
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United States
9.5%
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3 |
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Switzerland
5.4%
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4 |
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Spain
5.0%
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5 |
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Trade structure by product
(% of total, 2021)
Exports | Rank | Imports |
---|---|---|
Other industrial machinery and parts
9.5%
|
1 |
7.7%
Road vehicles
|
Road vehicles
7.1%
|
2 |
7.0%
Petroleum, petroleum products and related materials
|
Medicinal and pharmaceutical products
6.4%
|
3 |
5.8%
Medicinal and pharmaceutical products
|
Specialised machinery
5.1%
|
4 |
5.2%
Electrical machinery, apparatus and appliances, n.e.s.
|
Electrical machinery, apparatus and appliances, n.e.s.
4.7%
|
5 |
4.8%
Iron and steel
|
Collection Complexity
The Allianz Trade Collection Complexity Score provides a simple assessment of how easy it is to collect debt around the world. The 2022 edition covers 49 countries that represent nearly 90% of global GDP and 85% of global trade.
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