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Italy is the 4th-largest national economy in Europe, the eight-largest by nominal GDP in the world, and the 12th-largest by GDP (PPP). The country is a founding member of the European Union, the Eurozone, the OECD, the G7 and the G8. Italy is the tenth largest exporter in the world with $474 billion exported in 2013. Its closest trade ties are with the other countries of the European Union, with whom it conducts about 59% of its total trade.

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  • Italy is the 4th-largest national economy in Europe, the eight-largest by nominal GDP in the world, and the 12th-largest by GDP (PPP). The country is a founding member of the European Union, the Eurozone, the OECD, the G7 and the G8. Italy is the tenth largest exporter in the world with $474 billion exported in 2013. Its closest trade ties are with the other countries of the European Union, with whom it conducts about 59% of its total trade.
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