Long-lasting challenges for the new government

A2

MEDIUM RISK for entreprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • 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%
1
16.1% Germany
France 10.3%
2
8.3% France
United States 9.5%
3
8.2% China
Switzerland 5.4%
4
5.9% Netherlands
Spain 5.0%
5
5.1% Spain

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
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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