The Money Struggle
After 1861 when the unification of Italy occurred, the country had high public debt. National debt is lower than the GDP. The debt-to-GDP has been over 100% for the past 63 years. Because Italy favors the north side, the sound side only has 10% of their exports in trade, so they went down in money. Even though Italy gets a lot of immigrants, the people still have high unemployment and the immigrants have no positive effect. Given Italy’s low GDP growth rate, it would take several years to get into a good economy. 70% of the GDP in Italy is based solely on tourism.
Money In General
GDP(Purchasing Power Parity) :
2012- 1.863 Trillion
2011- 1.908 Trillion
2010- 1.901 Trillion
2014: $2,171.113 billion
GDP Real Growth Rate:
2013- 2.4%
2011- .4%
2010- 1.7%
2014: +0.6%
GDP Per Capita: 30,600 (2012)
Inflation: 3%
2012- 1.863 Trillion
2011- 1.908 Trillion
2010- 1.901 Trillion
2014: $2,171.113 billion
GDP Real Growth Rate:
2013- 2.4%
2011- .4%
2010- 1.7%
2014: +0.6%
GDP Per Capita: 30,600 (2012)
Inflation: 3%