Italy country report

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The agricultural sector contributes to about 2% of the Italian GDP. …

The agricultural sector contributes to about 2% of the Italian GDP.
Italy is the biggest European producer of rice, fruits and vegetables, and also the world's biggest producer and exporter of wine.
Italy is one of the major agricultural powers in the European Union.
Italy has limited natural resources.
The country has to import most of the raw materials required for production and more than 80% of its energy resources.
Italy's fabrics industry is made up mostly of small and medium family businesses.
More than 90% of the industrial companies have less than 100 employees.
Italy is suffering from a decline in global competitiveness.

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  • 1. Main Industry SectorsEconomic OverviewForeign Direct Investment [FDI]FDI Government MeasuresCountry Strong PointsCountry Weak PointsForeign Trade Overview
  • 2. The agricultural sector contributes to about 2% of the Italian GDP. Italy is the biggest European producer of rice, fruits and vegetables, and also the worlds biggestproducer and exporter of wine. Italy is one of the major agricultural powers in the European Union. Italy has limited natural resources. The country has to import most of the raw materials required for production and more than 80% of itsenergy resources. Italys fabrics industry is made up mostly of small and medium family businesses. More than 90% of the industrial companies have less than 100 employees. Italy is suffering from a decline in global competitiveness.
  • 3. The manufacture of luxury goods (haute couture, cars, delicatessen foods) represents a significantpart of the Italian industry. Italy is the prime exporter of luxury goods. Italy’s main industries deal with precision machinery, motor vehicles, chemical products,pharmaceutical products, electrical items, fashion and clothing. The services sector contributes to 70% of the GDP. Tourism plays a major role, Italy is the third most-visited European country, after France and Spain.
  • 4. Italy had experienced a lower growth than the European average, and it was severelyaffected by the global crisis, its economy reduced to -5% in 2009.The exports and investments recovered in 2010, providing a growth rate evaluated at1% of the GDP.The forecast for the growth rate should remain weak in 2011.The government has launched different social measures in order to try to help those whoare in the most unfavorable conditions, which had a direct consequence on increasingdramatically the public expenditures of a country that has one of the highest public debtsin the world (more than 100% of the GDP).The government has, then, adopted a rigorous plan of EUR 24 billions in three years, ithas frozen salaries and increased taxes with the purpose of attempting to bring thepublic deficit to 2.7% in 2012 and reducing its debt/GDP ratio.The priority is also given to the fight against tax avoidance in this country where theblack economy is very significant.The unemployment rate has risen to about 8.7%.Regional inequity is very pronounced, specially between the north, which is veryindustrialized and dynamic, and the rural and poor regions of Mezzogiorno in the south.
  • 5. In relation to its European neighbors, Italy does not attract but a small amount of foreign directinvestment (FDI). After their fall in 2008, under the effect of the global crisis, the FDI flows started to revive in 2009. The privatization program led by the country, the liberalization of the energy and the markets oftelecommunications offer interesting opportunities to investors. A strict labor law, high taxes, inefficient public services, corruption and the activities linked to organizedcrime are some of the hindrances to investment.
  • 6. There is hardly any assistance in Italy for promoting foreign investment. This trend is reinforced by the European Union which wants Italy to harmonize its taxincentives with the Community regulations. Italy only promotes the development of its regions which are in difficulty, in order tofacilitate SME activity and job creation. The defense sector and other sectors likely to compromise public safety are not open toforeign investors. The Italian Institute for Foreign Trade lists and makes available a guide to aids for settingup business in Italy.
  • 7. Thanks to the State withdrawal, the market is opening up to competition in several sectors (energy,telephone, etc.). The SME grouping allows for great capacity for adaptation. Italy also has a qualified work force (technicalknowledge and high quality production). Entrepreneurs are creative and innovative.
  • 8. The procedural costs, slow administration processes, red tape and financial scandals do notencourage investments. In some regions, infrastructures are poor, especially in the south of the country.
  • 9. Italy is amongst the top 10 trade countries in the world and trade represents almost 60%of the GDP. Manufactured goods account for more than 90% of the countrys exports. Italy shows a deficit in trade and its balance got worse after the rise in oil prices in 2008(the country imports 80% of its energy resources), and the appreciation of the euro. Despite its recent improvement, the trade balance should continue to deteriorate in thenext coming years. The main trade partners of Italy are the European Union (Germany, France, Spain,Netherlands, United Kingdom), China, the United States, Switzerland and Russia.
  • 10. Visit us to download for related reportsMarket Opportunities of products and Services in Italy.Export and investment sector opportunities in Italy.Overview of Trade Regulations, Customs and Standards Italy.Italy Investment guide for beginners.Business and Project Financing in Italy.Business Travel Advisory in Italy.
  • 11.  China  Australia Mexico  Germany United States  France India  Spain Canada  South Korea Russia  Vietnam Hong Kong  Saudi Arabia Colombia  Poland Brazil  South Africa Turkey  Nigeria Indonesia  Argentina Egypt  UAE Singapore  Netherland United Kingdom  Sweden Italy  Thailand Japan  Israel and more…. Buy 2 reports get 1 report FREE
  • 12. International Market Research Report on 300+ topics over 100 countries Instant online Delivery Need additional reports ? Market Share Distribution and business practices Market Size Statistical data Market Trends End user analysis Market access Import and Export strategies information Market Analysis Competitions Domestic production Best sales prospects Tariffs and Trade shows and regulations contact points
  • 13. Thanking for downloading For more information visit uswww.worldresearchreport.com Or Email usworldresearchreport@gmail.com