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Top Economic Sectors in Italy

Written by: Editor

Top-Economic-Sectors-in-Italy.jpgItaly is represented by specific industries, one of the top sectors being the manufacturing industry. The country is well known for its high-quality manufacturing products, mainly deriving from medium sized companies incorporated in this country. Investors who want to establish a company in Italy may set their operations in any part of the country and our team of Italian lawyers can assist in this procedure, but is it necessary to mention that the northern part of Italy is characterized by the presence of private companies operating in the industrial sector, while the southern part is less developed, agricultural activities being the top industry of the region. 
 

Characteristics of the Italian economy 

 
Italy is one of the largest economies of the European Union, mainly characterized by service and manufacturing industries. The services industry represents the highest developed economic sector, as it accounts for approximately three quarters of the country’s gross domestic product (GDP). 
 
The same field also represents the top employer of the country, as 65% of the Italian workforce operates in this industry. 
 
The service sector is represented by the following sub-sectors:
 
wholesale;
retail;
transportation
 
The industrial sector, highly developed in the northern part of the country, is the second economic field in Italy, accounting for a quarter of the country’s GDP. The industry employs approximately 30% of the local workforce. Investors who want to open a business in Italy in this field should know that the northern part of the country is the main economic driver, as 75% of the GDP is produced here. Our team of lawyers in Italy may provide more details on the main requirements to start a business in this country. 
 

Italian exports  

 
Italy is specialized in exporting specific products to other European and international economies. Traditionally speaking, Italy is known for exporting the following types of goods: 
 
mechanical machinery and equipment;
transportation equipment;
chemical products;
synthetic fibers;
electrical equipment; 
high-quality furniture;
high-quality textiles. 
 
The top trading partners in this sense are represented by Germany, France and the United States of America. 
 
Our team of Italian lawyers can provide in-depth advice on the legislation related to the above mentioned economic sectors. Please contact our law firm in Italy for further details on the subject. 
 

Comments

  • Abby@yahoo.com 2017-08-22

    Italy is indeed one of the top providers of high-quality products.

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