| Population |
61,016,804 (July 2011 est.) |
| Gross Domestic Product (GDP) |
$1.774 trillion (2010 est.) |
| GDP Per Capita |
$30,500 (2010 est.) |
| Inflation Rate |
1.6% (2010 est.) |
| Currency |
Euros |
| Exchange Rate Versus U.S. Dollar |
0.7715 (2010) euros (EUR) per US dollar |
| Language |
Italian (official), German (parts of Trentino-Alto Adige region are predominantly German speaking), French (small French-speaking minority in Valle d'Aosta region), Slovene (Slovene-speaking minority in the Trieste-Gorizia area) |
| Capital |
ROME |
| Population of Capital City |
3.357 million |
| Time Zone |
UTC/GMT +1 hour |
| Seasons |
Climate – Mediterrenean (cold winter and hot summer) |
| International Dialing Code |
39 |
| Electricity |
230V, 50Hz |
| System of Government |
Constitutional Republic |
| Name and Party Affiliation of Current Leader |
chief of state: President Giorgio NAPOLITANO (since 15 May 2006) |
| Income Tax Rate for Residents |
Residents are liable to tax on their worlwide income at progressive rates, from 23% to 43% |
| Property Tax |
Set annually and range from 0.4%to 0.9% |
| Capital Gains Tax |
12.50% |
| Inheritance Tax |
4% to 8% |
| Rental Income Tax |
Nonresidents are taxed on rental income earned.Ranges from 23 |
| Transfer Tax |
stamp duty is levied on legal and banking transactions a varing rates. |
| Sales Tax |
20% |
| Restrictions on Foreign Ownership of Property |
Only citizens of countries which allow Italian citizens to purchase real estate assets in their territories can buy property in Italy (principle of reciprocity). |
| Local Chamber of Commerce |
http://www.at.camcom.gov.it/ ---http://www.bi.camcom.gov.it/ |
| American Chamber of Commerce |
http://www.amcham.it/ |
| Primary Exports |
engineering products, textiles and clothing, production machinery, motor vehicles, transport equipment, chemicals; food, beverages and tobacco; minerals, and nonferrous metals |
| Residency and Visa Requirements |
EU-citizens do not require a visa to enter in Italy, regardless of the planned duration of the stay.All non-EU citizens require a visa for a stay of longer than three months (90 days). |
| Special Benefits for Foreign Residents or Retirees |
no |
| National Airline |
www.alitalia.com |
