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Aliases: Italia, Italian Republic, Kingdom of Italy, Repubblica Italiana

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Object «Italy» has attributes

Attribute Value
Area 301,340 km²
Continent Europe
Land area 294,140 km²
Water area 7,200 km²
Land boundaries 1836.4 km
Border countries
  • Austria
  • France
  • Holy See
  • San Marino
  • Slovenia
  • Switzerland
Coastline 7,600 km
Mean elevation 538 m
Lowest point 0 m
Highest point 4,748 m
Population 62,402,659
Official languages
  • Italian
Religion Christian
Long country name Italian Republic
Short country name Italy
Long local name Repubblica Italiana
Short local name Italia
Former name
  • Kingdom of Italy
Government type Parliamentary republic
Capital Rome
GDP (PPP) 2,317,000,000,000 USD
GDP (OER) 1,939,000,000,000 USD
GDP (real growth rate) 1.5 %
GDP - per capita (PPP) 38,200 USD
Gross national saving 20.3 % of GDP
Labor force 25,940,000
Unemployment rate 11.3 %
Population below poverty line 29.9 %
Budget revenues 903,300,000,000 USD
Budget expenditures 948,100,000,000 USD
Military expenditures 1.22 % of GDP
Taxes and other revenues 46.6 % of GDP
Budget surplus or deficit -2.3 % of GDP
Public debt 131.8 % of GDP
Inflation rate 1.3 %
Central bank discount rate 0.25 %
Commercial bank prime lending rate 3 %
Stock of narrow money 1,347,000,000,000 USD
Stock of broad money 1,347,000,000,000 USD
Stock of domestic credit 3,422,000,000,000 USD
Market value of publicly traded shares 587,300,000,000 USD
Current account balance 53,420,000,000 USD
Exports 496,300,000,000 USD
Imports 432,900,000,000 USD
Reserves of foreign exchange and gold 151,200,000,000 USD
External debt 2,444,000,000,000 USD
National currency euros
National currency (code) EUR
National currency (symbol)
National currency rate to USD 0.885

Italy became a nation-state in 1861 when the regional states of the peninsula, along with Sardinia and Sicily, were united under King Victor EMMANUEL II. An era of parliamentary government came to a close in the early 1920s when Benito MUSSOLINI established a Fascist dictatorship. His alliance with Nazi Germany led to Italy's defeat in World War II. A democratic republic replaced the monarchy in 1946 and economic revival followed. Italy is a charter member of NATO and the European Economic Community (EEC) and its subsequent successors the EC and the EU. It has been at the forefront of European economic and political unification, joining the Economic and Monetary Union in 1999. Persistent problems include sluggish economic growth, high youth and female unemployment, organized crime, corruption, and economic disparities between southern Italy and the more prosperous north.

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