The monthly minimum wage is not regulated by the state in Italy. In terms of consumer prices, the inflation rate in Italy is 1.2%. The currency of Italy is the euro. There are several plural forms of the name "euro". These are euros, euros. The symbol used for this currency is €, abbreviated to EUR. The euro is divided into cents; 1 euro is 100. Every year consumers spend around 1,300,337 million US dollars. The ratio of consumer spending to GDP in Italy is 0.06%, and the ratio of consumer spending to world consumer market is 302%. Corporate tax in Italy is 27.9%. Personal income tax ranges from 23% to 43% depending on your specific situation and income level. VAT in Italy is 22%.

Gross domestic product
The total Gross Domestic Product (GDP) calculated in Purchasing Power Parity (PPP) in Italy is US$2,135,359 billion. Gross Domestic Product (GDP) per capita, calculated as Purchasing Power Parity (PPP) in Italy was last seen at $36,014,911. PPP in Italy is considered very good compared to other countries. A very good PPP shows that citizens in this country find it easy to buy local goods. Local goods can include food, shelter, clothing, healthcare, personal hygiene, essential furnishings, transportation and communications, laundry, and various types of insurance. Countries with very good PPP are safe investment locations. The total Gross Domestic Product (GDP) in Italy is 2,149,485 billion. Based on this statistic, Italy is considered as a large economy. Countries with large economies support a variety of industries and businesses and offer numerous opportunities for investment. Large economies support a significant financial sector, making it easy to organize investments and financial transactions. It should be very easy to find good investment opportunities in Italy. The gross domestic product (GDP) per capita in Italy was last recorded at $36,253,160. The average citizen in Italy has a very high level of wealth. Countries with very high per capita wealth have a longer life expectancy and a very high standard of living. Highly skilled labor can be found in many industries and labor is very expensive in these countries. Very wealthy countries offer safe investment opportunities as they are often backed by a diverse and thriving financial sector. The average annual GDP growth rate in Italy in 2014 was -0.2%. According to this percentage, Italy is currently experiencing a slight decrease. Countries with a slight decline may see a slight decline in personal consumption, employment rate, or personal income. A slight drop in GDP may indicate a risky location for investment; However, some strong economies occasionally experience a slight decline and are still safe investment locations.


https://www.confiduss.com/en/jurisdictions/italy/economy/finance/