Number of daily deaths in Italian hospitals is increasing at the maximum rate, and more numbers of deaths in hospital are likely to continue until mid-April

World's first coronavirus vaccine has been successfully developed in Italy. Scientists in Italy have claimed that the vaccine works on humans by generating antibodies in mice.

A signing ceremony between the Italian Revenue Agency (Agenzia delle Entrate) and the State Revenue Committee of Armenia took place at the OECD today, establishing work plans for two assistance programmes initiated through Tax Inspectors Without Borders (TIWB) – a joint OECD/UNDP capacity building initiative.

The Global Forum and the Italian Revenue Agency carried out an onsite visit in Tirana to assist Albania with the implementation of the international standard of automatic exchange of financial account information (AEOI).

The work on BEPS Action 14 continues with today's publication of the stage 2 peer review monitoring reports of the seven jurisdictions in batch 2: Austria, France, Germany, Italy, Liechtenstein, Luxembourg and Sweden.

Weapons Sales in Italy decreased to 611 USD Million in 2018 from 802 USD Million in 2017. Weapons Sales in Italy averaged 476.13 USD Million from 1950 until 2018, reaching an all time high of 1715 USD Million in 1981 and a record low of 1 USD Million in 1953. Weapons Sales are presented as a Trend-Indicator Value based on the known unit production costs of a core set of weapons such as aircraft, air defence systems, anti-submarine warfare weapons, armoured vehicles, artillery, engines, missiles, sensors, satellites, ships and others. The indicator aims to represent the transfer value of military resources rather than the financial value of the transfer.

Banks Balance Sheet in Italy increased to 3769560.71 EUR Million in February from 3750270.33 EUR Million in January of 2020. Banks Balance Sheet in Italy averaged 2934036.34 EUR Million from 1995 until 2020, reaching an all time high of 4247044.51 EUR Million in November of 2012 and a record low of 1393773.06 EUR Million in January of 1996. This page provides the latest reported value for - Italy Banks Balance Sheet - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Italy recorded a government budget deficit of 4.51 EUR Billion in February of 2020. Government Budget Value in Italy averaged -4.39 EUR Billion from 1980 until 2020, reaching an all time high of 27.41 EUR Billion in December of 2018 and a record low of -43.39 EUR Billion in October of 2009. The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. This page provides the latest reported value for - Italy Government Budget Value - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Phase 3 Report on Italy by the OECD Working Group on Bribery evaluates and makes recommendations on Italy's implementation and application of the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions and related instruments.

The OECD Working Group on Bribery commends Italy for the adoption of a Bill on 15 March, by the Italian Senate, which, if adopted by the Chamber of Deputies, would significantly extend the statute of limitations to allow more time to prosecute and sanction foreign bribery cases.

Housing Index in Italy decreased to 98.60 points in the fourth quarter of 2019 from 98.80 points in the third quarter of 2019. Housing Index in Italy averaged 106.39 points from 2010 until 2019, reaching an all time high of 120.70 points in the second quarter of 2011 and a record low of 97.70 points in the first quarter of 2019. In Italy, the House Price Index measures residential property market prices. The HPI captures price changes of all kinds of residential property purchased by households (flats, detached houses, terraced houses, etc.), both new and existing. Only market prices are considered, self-build dwellings are therefore excluded. The land component of the residential property is included. This page provides - Italy House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

An overview of the long-term care situation in Italy is available here.

The OECD’s latest edition of Health at a Glance shows that medical care is improving in OECD countries, but better prevention and management of chronic diseases is required to reduce costs.

Health spending per capita in real terms fell by 2% in Italy in 2011, and is estimated to have fallen by a further 0.4% in 2012. Spending per capita also fell in 10 other European countries between 2009 and 2011, following the recession and the need for fiscal consolidation, according to a new OECD report.

Italy’s indicators of health system outcomes and quality are consistently good. This is despite levels of health spending below other high-income OECD countries. However, Italy is lagging behind in some areas, like long-term care and prevention of non-communicable diseases.

Italy is slowly emerging from a deep and lengthy recession, helped by a range of structural reforms – such as the Jobs Act – and accommodative monetary and fiscal policies, according to a new OECD report.

Government Debt in Italy increased to 2446893 EUR Million in February from 2443483 EUR Million in January of 2020. Government Debt in Italy averaged 719921.78 EUR Million from 1950 until 2020, reaching an all time high of 2462572.70 EUR Million in August of 2019 and a record low of 1320.50 EUR Million in April of 1950. This page provides the latest reported value for - Italy General Government Debt - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Capacity Utilization in Italy decreased to 76.80 percent in the fourth quarter of 2019 from 77.10 percent in the third quarter of 2019. Capacity Utilization in Italy averaged 75.58 percent from 1986 until 2019, reaching an all time high of 81 percent in the fourth quarter of 1988 and a record low of 64.90 percent in the first quarter of 2009. This page provides the latest reported value for - Italy Capacity Utilization - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Exports to Italy in Turkey decreased to 509.03 USD Million in March from 730.46 USD Million in February of 2020. Exports to Italy in Turkey averaged 684.15 USD Million from 2014 until 2020, reaching an all time high of 958.70 USD Million in March of 2018 and a record low of 425.91 USD Million in August of 2014. This page includes a chart with historical data for Turkey Exports to Italy.

Imports from Italy in Turkey increased to 792.39 USD Million in March from 684.74 USD Million in February of 2020. Imports from Italy in Turkey averaged 860.60 USD Million from 2014 until 2020, reaching an all time high of 1090.41 USD Million in June of 2014 and a record low of 570.55 USD Million in January of 2020. This page includes a chart with historical data for Turkey Imports from Italy.

This note is taken from Chapter 2 of Economic Policy Reforms: Going for Growth 2012.

Italy has made a major effort to speed up long-overdue economic reforms but it is now essential to maintain the momentum, OECD Secretary-General Angel Gurría said today in Rome.

Italy has made considerable progress in strengthening its public finances and adopting wide-ranging reforms to boost economic growth. The new government must build on past achievements and ensure that they are sustained and reinforced, says a new OECD report.

Italy took courageous decisions and engaged reforms to address the crisis and create the necessary conditions to ensure economic recovery. The economic situation remains fragile but you are making visible progress and it is crucial to maintain the reform momentum, said OECd Secretary-General.

OECD indicators of structural policy show that policy changes in Italy since 1998 should have improved the environment for entrepreneurship significantly, but in the same period its economic performance has deteriorated noticeably.

Changes to Italy’s political and institutional systems are crucial to ensuring the success of ambitious reforms currently underway to boost economic growth and raise living standards, according to a new OECD report.

A well-functioning labour market is indispensable to promote job creation, increase living standards, and develop a cohesive society. In Italy, the various deficiencies of the labour market have resulted in high unemployment, low labour force participation and job-skill mismatch.

Italy’s low employment rate is associated with adverse labour market dynamics characterised differently across different categories of people.

Italy is recovering after a deep and long recession. Structural reforms, accommodative monetary and fiscal conditions, and low commodity prices have spearheaded the ongoing economic recovery.

Boosting investment is key to supporting the nascent recovery and reviving stagnant productivity.

The various deficiencies of the labour market and the educational system have resulted in high unemployment, low labour force participation, low skills levels and high skill mismatch.

Imports in Italy decreased to 34013.43 EUR Million in February from 36007.56 EUR Million in January of 2020. Imports in Italy averaged 23990.22 EUR Million from 1991 until 2020, reaching an all time high of 40173.09 EUR Million in October of 2018 and a record low of 5285.80 EUR Million in August of 1992. In 2017, imports to Italy rose by 9 percent from the previous year to EUR 401 billion, the highest level since 2011. Main imports were: transport (12 percent of total imports); base metals and metal products (10 percent); chemicals (9 percent); textiles, clothing, leather and accessories (8 percent); food, beverages and tobacco (8 percent); machinery and equipment (7 percent); computers, electronic and optical devices (7 percent); pharmaceutical, chemical-medicinal and botanical articles (6 percent); and crude oil (6 percent). Main import partners were: Germany (16 percent of the total imports); France (9 percent); China (7 percent); the Netherlands (6 percent); Spain (5 percent); Belgium and the US (4 percent each); Russia, the UK and Switzerland (3 percent each). This page provides - Italy Imports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Core consumer prices in Italy increased 0.70 percent in March of 2020 over the same month in the previous year. Core Inflation Rate in Italy averaged 1.65 percent from 1997 until 2020, reaching an all time high of 3.06 percent in August of 2008 and a record low of 0.20 percent in October of 2016. In Italy, the core inflation rate tracks changes in prices that consumers pay for a basket of goods which excludes some volatile price items. This page provides the latest reported value for - Italy Core Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Italy’s policy of fiscal consolidation and growth-friendly structural reforms has substantially improved its economic prospects, but the adverse sentiment that the country has faced in the sovereign bond market over the past years has deep roots.

Household Saving Rate in Italy decreased to 8.20 percent in the fourth quarter of 2019 from 8.90 percent in the third quarter of 2019. Personal Savings in Italy averaged 10.30 percent from 1999 until 2019, reaching an all time high of 13.50 percent in the second quarter of 2002 and a record low of 6.80 percent in the third quarter of 2012. This page provides the latest reported value for - Italy Personal Savings - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Italy scored 53 points out of 100 on the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Index in Italy averaged 46.22 Points from 1995 until 2019, reaching an all time high of 55 Points in 2001 and a record low of 29.90 Points in 1995. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory’s score indicates the perceived level of public sector corruption on a scale of 0 (highly corrupt) to 100 (very clean). This page provides the latest reported value for - Italy Corruption Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Money Supply M2 in Italy increased to 1647897 EUR Million in February from 1628206 EUR Million in January of 2020. Money Supply M2 in Italy averaged 725183.05 EUR Million from 1980 until 2020, reaching an all time high of 1649898 EUR Million in November of 2019 and a record low of 132635 EUR Million in February of 1980. Italy Money Supply M2 includes M1 plus short-term time deposits in banks. This page provides - Italy Money Supply M2 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Loans to Private Sector in Italy decreased to 635091 EUR Million in February from 638722 EUR Million in January of 2020. Loans to Private Sector in Italy averaged 696604.52 EUR Million from 1998 until 2020, reaching an all time high of 914847.95 EUR Million in November of 2011 and a record low of 383188.54 EUR Million in August of 1998. This page provides the latest reported value for - Italy Loans to Private Sector - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Italy is the 51 least corrupt nation out of 175 countries, according to the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Rank in Italy averaged 48.76 from 1995 until 2019, reaching an all time high of 72 in 2012 and a record low of 29 in 2001. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory's rank indicates its position relative to the other countries and territories in the index. This page provides the latest reported value for - Italy Corruption Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Crude Oil Production in Italy increased to 76 BBL/D/1K in December from 72 BBL/D/1K in November of 2019. Crude Oil Production in Italy averaged 95.02 BBL/D/1K from 1994 until 2019, reaching an all time high of 120 BBL/D/1K in October of 1997 and a record low of 23 BBL/D/1K in July of 2016. This page provides the latest reported value for - Italy Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Wages High Skilled in Italy decreased to 2340 EUR/Month in 2018 from 2500 EUR/Month in 2017. Wages High Skilled in Italy averaged 2532.50 EUR/Month from 2015 until 2018, reaching an all time high of 2650 EUR/Month in 2015 and a record low of 2340 EUR/Month in 2018. High Skilled Wages refer to highest estimate of wage of workers doing high-skilled jobs, calculated from sample of wages collected by WageIndicator surveys.

Industrial Production in Italy decreased 2.40 percent in February of 2020 over the same month in the previous year. Industrial Production in Italy averaged 0 percent from 1991 until 2020, reaching an all time high of 17.50 percent in August of 1994 and a record low of -25.90 percent in March of 2009. In Italy, industrial production measures the output of businesses integrated in industrial sector of the economy. Manufacturing is the most important sector and accounts for 88 percent of total production. The biggest segments within Manufacturing are: Metallurgy and fabricated metal products (14 percent of total production); machinery and equipment (12 percent); food, drink and tobacco (10 percent); rubber and plastics products and non-metallic mineral products (9 percent); textile, clothing and leather (8 percent); transport equipment (7 percent); and other manufacturing, repair and installation of machinery and equipment (7 percent). Electricity, gas, steam and air conditioning account for 10 percent of total output and Mining and quarrying account for 1 percent. This page provides the latest reported value for - Italy Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Employment in Italy decreased by 0.10 in December of 2019. Employment Change in Italy averaged 0.15 percent from 1995 until 2019, reaching an all time high of 1.30 percent in the first quarter of 2006 and a record low of -0.90 percent in the first quarter of 2013. In Italy, employment change refers to the quarterly change in the number of persons who work for pay or profit, or perform unpaid family work. Estimates include both full-time and part-time employment. This page provides - Italy Employment Change- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Industrial Production in Italy decreased 1.20 percent in February of 2020 over the previous month. Industrial Production Mom in Italy averaged 0.18 percent from 1960 until 2020, reaching an all time high of 13.50 percent in December of 1972 and a record low of -14.80 percent in January of 1973. In Italy, industrial production measures the output of businesses integrated in industrial sector of the economy. Manufacturing is the most important sector and accounts for 88 percent of total production. The biggest segments within Manufacturing are: Metallurgy and fabricated metal products (14 percent of total production); machinery and equipment (12 percent); food, drink and tobacco (10 percent); rubber and plastics products and non-metallic mineral products (9 percent); textile, clothing and leather (8 percent); transport equipment (7 percent); and other manufacturing, repair and installation of machinery and equipment (7 percent). Electricity, gas, steam and air conditioning account for 10 percent of total output and Mining and quarrying account for 1 percent. This page provides the latest reported value for - Italy Industrial Production MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Business Confidence in Italy decreased to 89.50 points in March from 98.80 points in February of 2020. Business Confidence in Italy averaged 102.19 points from 1991 until 2020, reaching an all time high of 121.52 points in February of 1995 and a record low of 71.50 points in March of 2009. In Italy, the Manufacturing Confidence Index covers 4,000 Italian companies. The questionnaire focuses on the current trend of order books, production and inventories, short-term forecasts on order books, production, prices and the general economic situation. The business confidence index is adjusted for seasonal effects and fixed to a base year of 2005. The value 100 indicates no evolution in business sentiment, a value over 100 shows increasing confidence and a value under 100 indicates low expectations. This page provides the latest reported value for - Italy Business Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Italy 10Y Bond Yield was 1.79 percent on Friday May 8, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Italy Government Bond 10Y reached an all time high of 14.20 in October of 1992. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

Import Prices in Italy decreased to 106.70 points in February from 108.30 points in January of 2020. Import Prices in Italy averaged 78.41 points from 1988 until 2020, reaching an all time high of 111.40 points in September of 2012 and a record low of 46.50 points in January of 1988. In Italy, Import Prices correspond to the rate of change in the prices of goods and services purchased by residents of that country from, and supplied by, foreign sellers. Import Prices are heavily affected by exchange rates. This page provides the latest reported value for - Italy Import Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Wages Low Skilled in Italy decreased to 1130 EUR/Month in 2018 from 1330 EUR/Month in 2017. Wages Low Skilled in Italy averaged 1302.50 EUR/Month from 2015 until 2018, reaching an all time high of 1390 EUR/Month in 2016 and a record low of 1130 EUR/Month in 2018. Low Skilled Wages refer to highest estimate of wage of workers doing low-skilled jobs, calculated from sample of wages collected by WageIndicator surveys.

Wages in Italy increased to 2467 EUR/Month in 2018 from 2436 EUR/Month in 2017. Wages in Italy averaged 1948 EUR/Month from 1990 until 2018, reaching an all time high of 2467 EUR/Month in 2018 and a record low of 1176 EUR/Month in 1990. This page provides the latest reported value for - Italy Average Nominal Monthly Wages - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Bankruptcies in Italy increased to 2844 Companies in the second quarter of 2019 from 2823 Companies in the first quarter of 2019. Bankruptcies in Italy averaged 2888.18 Companies from 2001 until 2019, reaching an all time high of 4543 Companies in the fourth quarter of 2014 and a record low of 955 Companies in the third quarter of 2007. This page provides - Italy Bankruptcies- actual values, historical data, forecast, chart, statistics, economic calendar and news.