Italy economy graph showing purchasing power parity (PPP) growth from 2000 to today. Purchasing power parity adjusts the size of the economy to relevant price levels, i.e. measuring the price of specific goods in different countries and adjusting GDP accordingly.
Italy’s GDP per capita (PPP) in 2023 was approximately $52,700, reflecting its status as a developed economy. The Italian economy is diverse, with strengths in manufacturing (especially machinery and fashion), agriculture, and tourism.