Italy Economy facts

While investigating facts about Italy Economy 2019 and Italy Economy Problems, I found out little known, but curios details like:

California’s economy has surpassed Russia and Italy to become the eighth-largest in the world

how is italy's economy?

California's economy is the size of the bottom 24 states combined. It would rank 8th in the world if it were it's own country - ahead of Italy, Russia, India, and 186 others.

What type of economy does italy have?

In my opinion, it is useful to put together a list of the most interesting details from trusted sources that I've come across answering what kind of economy does italy have. Here are 13 of the best facts about Italy Economy Ranking and Italy Economy Crisis I managed to collect.

what italy economy like?

1. Italy's economy is so weak that the "Latin lover" is on the decline. "The traditional kept mistress, secretly hidden away in her fully paid-up flat, and lavished with furs and jewels has been consigned to history". Divorces are down, too, because men can't afford to leave their wives.

2. California is the 6th largest economy in the world behind USA, China, Japan, Germany, UK. It's bigger than India, France, Brazil, Italy, Russia, Canada, Spain, Australia, South Korea, Mexico.

3. Russia's economy ($1.3T) is only 69% the size of Italy's economy ($1.9T).

4. California (population 39 million) has a larger economy than France (66mil), India (1.3bil), Italy, Brazil, Canada, South Korea, Russia, and Australia.

5. Italy is one of the most developed countries in the world and has 9th largest economy in the world.

6. In 1987 Italy's GDP was revalued to include the black market economy. The numbers were so large that it allowed Italy's economy to overtake the United Kingdom's as the 5th largest in the world - a move referred to as "il sorpasso" or "the overtake".

7. Italy is an extremely popular tourist destination. Approximately 5o million people visit Italy each year. Tourism accounts for more than 60% of Italy's national income, making it vital to Italy's economy.

8. In the mid-1980's Italy overtook the United Kingdom as the 6th largest economy in the world - an event known as "il sorpasso"

9. Russias economy is smaller then Italy's by a significant margin.

Italy economy collapse?

You can easily fact check why italy's economy is about to collapse by examining the linked well-known sources.

California has a bigger economy than Italy Brazil and even Russia!