Summary
This PESTLE country analysis report on Italy provides a holistic view of the country, with insightful analysis of current and future issues, supplemented with relevant quantitative data to support trend analysis.
- Understand the political system in Italy through analysis of key figures in the country and governance indicators.
- Understand the economic situation in Italy through a balanced assessment of core macroeconomic issues.
- Understand customer demographics in Italy through analysis of income distribution and the rural-urban split, as well as healthcare and education.
- Understand the technological landscape in Italy through analysis of relevant laws and policies, as well as patents data.
Scope
- The political landscape section discusses the evolution of the political scenario in Italy, as well as the country's economic, social, foreign, and defense policies.
- The section also discusses the country's performance according to World Bank Governance Indicators.
- The economic landscape section outlines the evolution of Italy's economy, as well as the country's performance in terms of GDP growth, composition by sector (agriculture, industry, and services), fiscal situation, international investment position, monetary situation, credit disbursement, banking sector, and employment.
- The social landscape section analyzes the government's social welfare policies, as well as the country's performance in terms of healthcare, income distribution, and education.
Reasons to buy
- What is the outlook in Italy in terms of political stability, policies towards business, and the popularity of the government?
- How does Italy perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment?
- How does Italy perform in terms of healthcare, income distribution, and education?
- How does Italy perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends?
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Table of Contents
Overview 2
Catalyst 2
Summary 2
Key findings 2
PESTLE highlights 4
Key fundamentals 6
Key Facts and Geographic Location 14
Key facts 14
Geographical location 15
PESTLE Analysis 16
Summary 16
Political analysis 17
Overview 17
Current strengths 17
Current challenges 18
Future prospects 18
Future risks 18
Economic analysis 20
Overview 20
Current strengths 20
Current challenges 20
Future prospects 24
Future risks 25
Social analysis 27
Overview 27
Current strengths 27
Current challenges 28
Future prospects 31
Future risks 33
Technological analysis 35
Overview 35
Current strengths 35
Current challenges 36
Future prospects 37
Future risks 38
Legal analysis 39
Overview 39
Current strengths 39
Current challenges 39
Future prospects 40
Future risks 42
Environmental analysis 43
Overview 43
Current strengths 43
Current challenges 43
Future prospects 44
Future risks 45
Political Landscape 46
Summary 46
Evolution 46
Pre-1950 46
1950-90 47
1991-2016 48
Structure and policies 50
Key political figures 50
Structure of government 50
Key political parties/figures 50
Composition of government 51
Key policies 51
Performance 52
Governance indicators 52
Outlook 53
Economic Landscape 54
Summary 54
Evolution 54
1950-90 54
1991 onwards 54
Structure and policies 55
Financial system 55
Financial authorities/regulators 56
Performance 57
GDP and growth rate 57
GDP composition by sector 58
Fiscal situation 61
International investment position 62
Monetary situation 62
Unemployment 63
Outlook 64
Social Landscape 65
Summary 65
Evolution 65
Structure and policies 65
Demographic composition 65
Education 66
Healthcare 67
Social welfare 67
Performance 67
Healthcare 67
Education 69
Outlook 69
Technological Landscape 70
Summary 70
Evolution 70
Structure and policies 70
Performance 71
Mobile and internet 71
Outlook 72
Legal Landscape 73
Summary 73
Evolution 73
Structure and policies 73
Structure of the judicial system 73
Tax regulations 73
Value added tax 73
Performance 74
Effectiveness of the legal system 74
Outlook 74
Environmental Landscape 75
Summary 75
Evolution 75
Structure and policies 75
Environmental regulations 75
Performance 76
Environmental impact 76
Outlook 76
Appendix 77
Ask the analyst 78
About MarketLine 78
Disclaimer 78
List of Tables
Table 1: Italy - key fundamentals 6
Table 2: Italy - key facts 14
Table 3: Analysis of Italy’s political landscape 17
Table 4: Analysis of Italy’s economy 20
Table 5: Analysis of Italy’s social system 27
Table 6: Analysis of Italy’s technology landscape 35
Table 7: Key figures of Italian biotech sector 37
Table 8: Analysis of Italy’s legal landscape 39
Table 9: Analysis of Italy’s environmental landscape 43
Table 10: Mid-year population by age (as % of total population, by gender), 2015 66
List of Figures
Figure 1: Map of Italy 15
Figure 2: Budget deficit - 2015 21
Figure 3: Government gross debt, 2015 22
Figure 4: Increasing labor cost - in selected countries 23
Figure 5: Low Productivity - 2015 24
Figure 6: Growing GDP per capita 25
Figure 7: Non-performing loan in European countries - 2016 26
Figure 8: Regional divide 28
Figure 9: Income inequality - 2013 29
Figure 10: Income share of top 10% and lowest 10% 30
Figure 11: Female labor force participation rate, 2015 30
Figure 12: Female employment in agriculture, industry and services - 2014 31
Figure 13: Projected increase in the average effective retirement age, 2010-20 32
Figure 14: Projected increase in the participation rates of 55-64 year old, 2010-20 32
Figure 15: Social expenditures as percentage of GDP - 2016 33
Figure 16: Old age support ratio - 2015 34
Figure 17: Expenditure on R&D (2015) 36
Figure 18: Business enterprise expenditure on R&D (2015) 36
Figure 19: Tax wedge - 2015 40
Figure 20: Product Market Regulations, Communication 41
Figure 21: Product Market Regulations, retail 41
Figure 22: Product Market Regulations, transport 42
Figure 23: Share of renewable energy in gross final energy consumption, 2014 44
Figure 24: Tax component of oil prices for industry and households, 2014 or latest available year 45
Figure 25: Italy - key political events since 1920 48
Figure 26: Italy - key political figures 50
Figure 27: Composition of the Italian Chamber of Deputies, 2013 51
Figure 28: Italy - historical GDP growth, 2005-15 55
Figure 29: GDP and GDP growth rate in Italy (real GDP at constant 2005 prices), 2010-20f 57
Figure 30: GDP composition by sector, 2015 58
Figure 31: Agricultural output of Italy, 2010-15 59
Figure 32: Industrial output of Italy, 2010-15 60
Figure 33: Services output of Italy, 2010-15 61
Figure 34: External trade of Italy, 2011-15 62
Figure 35: Consumer Price Index and Consumer Price Index-based inflation in Italy, 2010-20f 63
Figure 36: Unemployment rate in Italy, 2010-20f 64
Figure 37: Healthcare expenditure in Italy, 2008-14 68
Figure 38: Public education expenditure in Italy, 2010-14 69
Figure 39: Internet users and penetration, 2010-14 71
Figure 40: Carbon dioxide emissions in Italy, 2006-13 76
