Italy
Chambre de Commerce - Fiche d'information pays Dernière mise à jour: 10.01.2020
Introduction
Italy became a nation-state in 1861 when the regional states of the peninsula, along with Sardinia and Sicily, were united under King Victor EMMANUEL II. An era of parliamentary government came to a close in the early 1920s when Benito MUSSOLINI established a Fascist dictatorship. His alliance with Nazi Germany led to Italy's defeat in World War II. A democratic republic replaced the monarchy in 1946 and economic revival followed. Italy is a charter member of NATO and the European Economic Community (EEC) and its subsequent successors the EC and the EU. It has been at the forefront of European economic and political unification, joining the Economic and Monetary Union in 1999. Persistent problems include sluggish economic growth, high youth and female unemployment, organized crime, corruption, and economic disparities between southern Italy and the more prosperous north.
Source: The CIA World Factbook - Italy
Indicateurs macroéconomiques
Growth is projected to edge down to 1.4% in 2018 and 1.1% in 2019. Exports and business investment are increasingly driving the recovery. Private consumption growth will moderate due to waning job growth and weaker household purchasing power due to rising inflation. Consumer price inflation is edging up as excess capacity narrows and will accelerate in 2019. The current account surplus is projected to remain high.
The stock of non-performing loans in the banking system has declined markedly from its peak thanks to policies put in place. In 2018, the fiscal stance is projected to be slightly expansionary. Reflecting perceived increased policy uncertainty, government bond yields have risen recently. Possible policy changes by the incoming government are not incorporated in the projection. Priorities should be given to shifting the spending mix towards infrastructure and enhancing targeted anti-poverty programmes to tackle large social and regional divides while boosting growth.
Source: OECD - Economic Forecast
IMF Statistics:
| Subject descriptor | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Gross domestic product, constant prices Percent change | 0.858 | 0.011 | 0.537 | 0.774 | 0.687 |
| Gross domestic product, current prices U.S. dollars (Billions) | 2,075.856 | 1,988.636 | 2,013.670 | 2,070.106 | 2,125.928 |
| Gross domestic product per capita, current prices U.S. dollars (Units) | 34,320.754 | 32,946.524 | 33,431.250 | 34,439.778 | 35,442.540 |
| Inflation, average consumer prices Percent change | 1.243 | 0.740 | 1.036 | 1.139 | 1.324 |
| Volume of imports of goods and services Percent change | 2.316 | 0.770 | 3.115 | 3.589 | 3.736 |
| Volume of exports of goods and services Percent change | 1.910 | 1.601 | 3.235 | 3.301 | 3.048 |
| Unemployment rate Percent of total labor force | 10.625 | 10.320 | 10.280 | 10.160 | 10.050 |
| Current account balance U.S. dollars (Billions) | 52.035 | 57.041 | 58.835 | 58.534 | 54.282 |
| Current account balance Percent of GDP | 2.507 | 2.868 | 2.922 | 2.828 | 2.553 |
Source: IMF Statistics - Italy
Le Luxembourg et le pays
Existing conventions and agreements
Non double taxation agreement
In order to promote international economic and financial relations in the interest of the Grand Duchy of Luxembourg, the Luxembourg government negotiates bilateral agreements for the avoidance of double taxation and prevent fiscal evasion with respect to Taxes on Income and on fortune with third countries.
- Convention from 03.06.1981 (Memorial 1982, A No.100, p.2092)
- Effective as of 01.01.1978 (Memorial 1982, A No.100, p.2092)
- Amendment of the Convention 21.06.2012 (Memorial 2013, A No.114, p.1705)
- Effective as of 01.01.2015 (Memorial 2013, A No.114, p.1705)
Air Services agreement
- Agreemen from 24.1.1980 t (Memorial 1981, A, p. 843)
- Effective as of 03.15.1983 (Memorial 1983, A, p. 692)
Source: Administration des contributions directes
Plus d'informations
Foreign Trade
The Statec Foreign Trade statistics provide information on the trade of goods - by product and by country. This information is collected respectively through the INTRASTAT declaration and on the basis of customs documents.
You can see the statistics on the website of the Statec.
Contact points in Italy
Embassy of the Grand Duchy of Luxembourg in Italy
Ambassador: Mr Paul DÜHR
90, Via di Sante Croce in Gerusalemme
I-00185 ROME
Tel: (+39 06) 77 20 11 77/78
Fax: (+39 06) 77 20 10 55
Email: rome.amb(at)mae.etat.lu
Site web: rome.mae.lu
Honorary Consuls
Honorary Consul with jurisdiction in Tuscany, the provinces of Bologna, Ferrara, Modena, Parma, Piacenza and Reggio Emilia:
Mr Francesco OLIVIERI
Via Palestro 4
I-50123 Firenze
Tel: (+39) 055 21 73 30
Fax: (+39) 055 01 98 798
E-Mail: olivieri(at)conslux.it
Honorary Consul with jurisdiction in the Lombardy (Province of Bergamo, Brescia, Como, Cremona, Lecco, Lodi, Mantova, Milan, Pavia, Sondrio, Varese):
Mr Carlo GARAVAGLIA
Corso Europa, 2
I-20122 Milano
Tel: (+39) 02 7636 931
Fax: (+39) 02 7636 9345
E-mail: consolato.lussemburgo(at)slta.it
Honorary Consul with jurisdiction in areas the Company, Abruzzo, Molise, Basilicata, Apulia and Calabria:
Mr Giancarlo IACCARINO
Via Santa Brigida, 51
I-80133 Napoli
Tel: (+39) (0) 81 551 0060
Fax: (+39) (0) 81 551 31 38
E-mail: consolatolux(at)gmail.com
Honorary Consul with jurisdiction in the provinces of Belluno, Bolzano, Padova, Rovigo, Trento, Treviso, Udine, Venezia, Verona, Vicenza:
Mr Gian Angelo BELLATI
Castello 5312
I-30122 Venice
Tel: (+39) 041 52 22 047 / (+39) 041 99 01 13
Fax: (+39) 041 52 22 047
E-mail: conslux.ve(at)gmail.com
Honorary Consul with jurisdiction over the Liguria (Genoa, Imperia, La Spezia and Savona):
Mr Cesare di CASTELBARCO ALBANI
Via Gabriele D'annuzio, 2
I-16121 Genova
Tel: (+39) 010 553 90 78
Fax: (+39) 010 596 04 58
E-mail: cesare.castelbarco(at)prosper.it
Honorary Consul with jurisdiction in Sicily:
Mr Antonio COSENZ
34, via Siracusa
I-90141 Palermo
Tel: (+39) 091 62 56 218
Fax: (+39) 091 62 56 234
E-mail: bcc(at)studiobcc.it
Honorary Consul with jurisdiction in the Umbrian:
Mr Vincenzo ANSIDEI di CATRANO
Via Alessi 27
I-06122 Perugia
Tel: (+39) 075 57 22 322
Fax: (+39) 075 5722322 / (+39) 075 5728599
E-mail: vincenzoansidei(at)libero.it
Honorary Consul with jurisdiction in the provinces of Alessandria, Asti Cuneo, Novara, Turin, Vercelli and the Autonomous Region of Valle d'Aosta:
Mr Ettore MORONE
5, Via Mercantini
I-10121 Torino
Tel: (+39) 011 56 22 522
Fax: (+39) 011 51 75 377
E-mail: amministrazione(at)studiomorone.it
Source: Ministry of Foreign Affairs Luxembourg
Economic and Commercial Attachés
Economic and Commercial Attaché (AWEX) in charge of Italy and Saint-Marin:
Mrs Cecile FLAGOTHIER
REGIONE VALLONE
AMBASCIATA DEL BELGIO Viale Vittorio
Veneto, 28
I-20124 Milano
Tel: (+39)02 29 00 40 61
E-mail: milan(at)awex-wallonia.com
Source: AWEX
Country risk as defined by Office du Ducroire for Italy
A rating on a scale from 1 to 7 shows the intensity of the political risk. Category 1 comprises countries with the lowest political risk and category 7 countries with the highest. Macroeconomics experts also assess the repayment climate for all buyers in a country.
Link: Office du Ducroire - Country Risk Italy
Other useful links
- CIA World Factbook on Italy
- Chamber of Commerce of Milan
- Greater Rome Chamber of Commerce
- Rome Chamber of Commerce
- Doing Business in Italy
- Italie sur le site l'AWEX
La Chambre de Commerce et le pays
Evénements passés
- 08.12.2019 - 12.12.2019
Mission économique en Italie et Slovénie
- 18.11.2018 - 21.11.2018
Mission économique à Gênes et Turin, en Italie
- 07.10.2017 - 15.10.2017
Visite accompagnée au salon Casa Su Misura
- 26.10.2015 - 27.10.2015
Visite accompagnée au salon des Micro & Petites Entreprises
- 27.09.2015 - 29.09.2015
Expo Milano 2015




