Italy remains a key player in the European Union’s economic landscape, holding its position as the third-largest economy in the bloc and the eighth-largest globally. Although its gross domestic product slowed to 0.9% in 2023, down from 4% the previous year due to rising inflation and the end of energy crisis relief measures, the country has made steady progress in reducing its debt-to-GDP ratio, dropping from 155% in 2020 to 141.7% by 2022.
Italy’s top industries span a dynamic range, from its world-class manufacturing and iconic fashion and textiles sectors to its rich agrifoods, cutting-edge automotive innovations and a rapidly evolving energy sector. With bold reforms and fresh waves of investment, Italy is gearing up to reclaim its stride, positioning itself as a dynamic and resilient economic leader ready to shape both Europe’s future and the global stage.
Interviews
Interview with Andrea Pontremoli, President for Motor Valley Development Emilia-Romagna, Italy
"The US has tremendous digital expertise and strong investment capacity — exactly what we need here. We know what we want to do and how to do it, but we need these digital tools and resources to apply them to our industry. The US is also our biggest
04 August, 2025
Interview with Pasquale Frega, Managing Director, Philip Morris Manufacturing Italy
"Emilia-Romagna is remarkable for its skilled workforce and strong local network . The region has a vibrant startup and high-level competences scene that actively drive innovation and partnerships, making it an excellent place to access talent. "
14 July, 2025
