ItalyChapitres
According to the OECD, Italy has weathered recent crises well. A strong fiscal policy response, enhanced competitiveness and improved banking sector health have supported growth in recent years. But public debt is high and spending pressures are rising from population ageing, higher interest rates, and the green and digital transitions. A steady fiscal consolidation is needed over several years to put debt on a more prudent path.
Growth in spending needs to be contained, but public investment in the National Recovery and Resilience Plan should be protected to minimise adverse effects on growth. The ongoing civil justice and public administration reforms will support growth by raising business investment and facilitating the implementation of public investment plans. Regulatory barriers to competition in services should be reduced. Raising employment, including by expanding access to early childhood education to reduce barriers to female labour market participation, would make growth more inclusive. Additional policy efforts are needed to accelerate the reduction of greenhouse gas emissions and adapt to climate change. Renewable power generation has advanced, but complex permitting procedures that hold back the installation of renewable energy capacity need to be simplified.
Source: OECD
Indicateurs clés
- Surface
- 301,340 km2
- Population
- 60.96 (2023)
- Type de gouvernement
- parliamentary republic
- Langues
- Italian (official), German (parts of Trentino-Alto Adige region are predominantly German speaking), French (small French-speaking minority in Valle d'Aosta region), Slovene (Slovene-speaking minority in the Trieste-Gorizia area)
- PIB
- $3.133 trillion (2024 est.)
- Taux de croissance
- 0.7% (2024)
- HDI
- 29
- Capitale
- Rome
Indicateurs macroéconomiques
The economy has weathered recent crises well, but growth is now slowing amid tightening financial conditions. Against the background of high public debt, the public finances need to be consolidated. The energy crisis triggered a slowdown in activity. Large fiscal support and gains in competitiveness helped real GDP to rebound to its pre-pandemic level by mid-2021, with unemployment reaching historically low levels. However, high inflation in the wake of the energy crisis has eroded real household incomes and the tightening of euro area monetary policy has led to rapid increases in borrowing costs for households, businesses and the government.
Source: OECD
IMF Statistics:
| Subject descriptor | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|
|
All Items, Consumer price index (CPI), Period average, percent change Percent (Units) |
5.903 |
1.089 |
1.657 |
2.014 |
2.0 |
|
Current account balance (credit less debit), Percent of GDP Percent (Units) |
0.138 |
1.13 |
0.97 |
0.951 |
1.402 |
|
Current account balance (credit less debit), US dollar US dollar (Billions) |
3.178 |
26.795 |
24.682 |
25.684 |
38.757 |
|
Exports of goods and services, Volume, Free on board (FOB), Percent change Percent (Units) |
0.206 |
0.359 |
-1.805 |
1.318 |
0.923 |
|
Gross domestic product (GDP), Constant prices, Percent change Percent (Units) |
0.715 |
0.726 |
0.546 |
0.759 |
0.568 |
|
Gross domestic product (GDP), Current prices, Per capita, US dollar US dollar (Units) |
39074.224 |
40224.012 |
43161.196 |
45883.138 |
47003.259 |
|
Gross domestic product (GDP), Current prices, US dollar US dollar (Billions) |
2305.27 |
2372.059 |
2543.677 |
2701.544 |
2764.053 |
|
Imports of goods and services, Volume, Cost insurance freight (CIF), Percent change Percent (Units) |
-1.582 |
-0.722 |
-1.635 |
1.947 |
0.873 |
|
Unemployment rate |
7.683 |
6.567 |
6.652 |
6.716 |
6.799 |
Estimates
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)
Informations supplémentaires
Contact points in Italy
Embassy of the Grand Duchy of Luxembourg in Italy
Ambassador with residence in Rome: Mr Christophe Schiltz
90, Via di Sante Croce in Gerusalemme
I-00185 Rome
Italy
Tel.: (+39 06) 77 20 11 77/78
Fax: (+39 06) 77 20 10 55
E-Mail: rome.amb@mae.etat.lu
Website: rome.mae.lu
Honorary Consuls
Honorary Consul with jurisdiction over Tuscany, the Provinces of Bologna, Ferrara, Modena, Parma, Piacenza, and Reggio Emilia:
Mr. Stefano Maria CACCIAGUERRA RANGHIERI
Piazzale Galileo, 5
50125 Firenze
Italy
Tel.: (+39) 349 80 80 773
E-Mail: florence@consul-hon.lu
Honorary Consul with jurisdiction over Lobardy:
Mr. Gerardo BRAGGIOTTI
Via G. Verdi, 2
I-20121 Milano (MI)
Italy
Tel.: (+39) 02 91577 381
E-Mail: milan@consul-hon.lu
Honorary Consul with jurisdiction over Company, Abruzzo, Molise, Basilicata, Apulia and Calabria:
Mr. Giancarlo IACCARINO
Via Santa Brigida, 51
I-80133 Napoli
Italy
Tel: (+39) (0) 81 551 0060
E-Mail: naples@consul-hon.lu
Honorary Consul with jurisdiction over Sicily:
Dr. Federico COSENZ
via Elvira Ed Enzo Sellerio nr.34
I-90141 Palermo
Italy
Tel.: (+39) 091 62 56 218
E-Mail: palerme@consul-hon.lu
Honorary Consul with jurisdiction over Umbrian and Marche:
Mr. Tiberio ANSIDEI di CATRANO
Via Alessi 27
I-06122 Perugia
Italy
Tel.: (+39) 340 693 882 9
E-Mail: perouse@consul-hon.lu
Honorary Consul with jurisdiction over The Friuli and Venezia Giulia Region:
Mr. Ezio PERILLO
via Lazzaretto Vecchio No. 5
34123 Trieste
Italy
Tel.: +39 338 891 3749
E-Mail: trieste@consul-hon.lu
Honorary Consul with jurisdiction over the Provinces of Alessandria, Asti Cuneo, Novara, Turin, Vercelli, and the Autonomous Region of Valle d'Aosta:
Mr. Remo Maria MORONE
5, Via Mercantini
I-10121 Torino
Italy
Tel.: (+39) 011 56 22 522
E-Mail: turin@consul-hon.lu
Honorary Consul with jurisdiction over the Regions of Veneto and Trentino-Alto Adige/Südtirol:
Mr Gian Angelo BELLATI
Castello 5312
I-30122 Venise
Italy
Tel.: (+39) 041 52 22 047
E-Mail: venise@consul-hon.lu
Source: Ministry of Foreign Affairs Luxembourg