Population: 61.3 million
Official Language: Italian
Religions: Roman Catholic
Being in the top 5 most visited countries in the world, Italy has a large tourism industry. In 2017, tourists were estimated to have put €41.3 billion into the Italian economy. Cultural attractions were the biggest earner at €15.5 billion. It is also estimated that in 2018, tourism provided 1.5 million jobs in Italy.
Agriculture and food production
In 2017, leading exports from Italy to the US included wine and beer ($1.875 billion), cheese ($307.2 million) and coffee ($101.4 million). Italy is also a large producer of rice and wheat.
In the UK, it is estimated that sales of Grana Padano and Parmigiano Reggiano, both of which are produced in Italy, generate a turnover of 85 million euros. Italian wine also has a total turnover of approximately 827 million euros on the British market.
Italy has one of the largest automotive car markets in the EU along with Germany, France and the UK. The automotive sector in Italy is estimated to turn over €93 billion overall and there are approximately 3,000 companies within the industry. Some key automotive companies include Alfa Romeo, Fiat and Ferrari.
With famous companies such as Versace, Prada and Gucci, the fashion industry in Italy is very important. According to a federation for Italian fashion and textile companies, Confindustria Moda, there are approximately 67,000 businesses within this federation which generate €88 billion in annual turnover and employ a total of 580, 000 employees.
Listed as the most profitable Italian fashion company since Alessandro Michele took over as the creative director in 2015.
FCA Italy S.p.A. (Fiat Chrysler Automobiles)
Italian automotive manufacturer, in the top ten of the word’s largest automotive manufacturers.
Although based in the Netherlands, this is the biggest holding company owned by an Italian family that invests in companies within Italy’s key industries such as Ferrari and Fiat.
Founded in Parma, this is the biggest pasta producer in the world. It accounts for 40-45% of the Italian market and 25% of the US market.