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Movie Title Year Distributor Notes Rev Formats Droit de cuissage 1980 Alpha France Anal DP O Naked Butts Boarding School 1980 Alpha France Anal DRO Weekend Tail 1979 Vidco Entertainment Facial and red tape caused the country to stagnate between 2000 and 2008.[63][64] Great Recession GDP per capita of Italy, France, Germany and Britain from 1970 to 2008. Italy was among the countries hit hardest by the Great Recession of 2008-2009 and the subsequent European debt crisis. The national economy shrunk by 6.76% during the whole period, totaling seven-quarters of recession.[65] In November 2011 the Italian bond yield was 6.74 percent for 10-year bonds, nearing a 7 percent level where Italy is thought to lose access to financial markets.[66] According to Eurostat, in 2015 the Italian government debt stood at 128% of GDP, ranking as the second biggest debt ratio after Greece (with 175%).[67] However, the biggest chunk of Italian public debt is owned by Italian nationals [68] and relatively high levels of private savings and low levels of private indebtedness are seen as making it the safest among Europe's struggling economies.[69] As a shock therapy to avoid the debt crisis and kick-start growth,
the National unity government led by the famous economist Mario Monti launched a program of massive austerity measures, that have brought down the deficit but precipitated the country in a double-dip recession in 2012 and 2013, receiving widespread criticism from numerous economists.[70][71] Economic recovery Ambox current red.svg This section needs to be updated. Please update this article to reflect recent events or newly available information. (January 2020) The Ferrari Portofino represents the synergy of "Made in Italy" brands that strengthens the Italian economy. In spite of a very high public debt and political instability (Italy has had five governments since 2011), the Italian economy had slow but above-zero growth from 2014 to 2019, peaking in 2017.

Overview Data The following table shows the main economic indicators in 1980–2018. Inflation under 2% is in green.[72] Year GDP (in bn. Euro) GDP per capita (in Euro) GDP growth (real) Inflation rate (in Percent) Unemployment (in Percent) Government debt (in % of GDP) 1980 213.0 3,777 Increase3.4 % Negative increase21.8 % 7.4 % n/a 1981 Increase255.2 Increase4,517 Increase0.8 % Negative increase19.5 % Negative increase7.6 % n/a 1982 Increase301.2 Increase5,328 Increase0.4 % Negative increase16.5 % Negative increase8.3 % n/a 1983 Increase350.7 Increase6,200 Increase1.2 % Negative increase14.7 % Positive decrease7.4 % n/a 1984 Increase400.9 Increase7,088 Increase3.2 % Negative increase10.7 % Negative increase7,8 % n/a 1985 Increase450.0 Increase7,952 Increase2.8 % Negative increase9.0 % Negative increase8.2 % n/a 1986 Increase497.5 Increase8,790 Increase2.9 % Negative increase5.8 % Negative increase8.9 % n/a 1987 Increase544.2 Increase9,617 Increase3.2 % Negative increase4.7 % Negative increase9.6 % n/a 1988 Increase604.8 Increase10,683 Increase4.2 % Negative increase5.1 % Negative increase9.7 % 93.0 % 1989 Increase664.0 Increase11,721 Increase3.4 % Negative increase6.2 % Steady9.7 % Negative increase95.5 % 1990 Increase722.8 Increase12,749 Increase2.1 % Negative increase6.4 % Positive decrease8.9 % Negative increase98.8 % 1991 Increase789.6 Increase13,915 Increase1.5 % Negative increase6.2 % Positive decrease8.5 % Negative increase102.3 % 1992 Increase830.9 Increase14,636 Increase0.8 % Negative increase5.0 % Negative increase8.8 % Negative increase109.7 % 1993 Increase855.9 Increase15,062 Decrease-0.9 % Negative increase4.5 % Negative increase9.8 % Negative increase120.5 % 1994 Increase905.2 Increase15,926 Increase2.2 % Negative increase4.2 % Negative increase10.6 % Negative increase127.1 % 1995 Increase985.0 Increase17,328 Increase2.3 % Negative increase5.4 % Negative increase11.1 % Positive decrease116.9 % 1996 Increase1,043.1 Increase18,350 Increase1.3 % Negative increase4.0 % Steady11.2 % Positive decrease116.3 % 1997 Increase1,089.9 Increase19,162 Increase1.8 % Increase1.8 % Steady11.2 % Positive decrease113.8 % 1998 Increase1,135.5 Increase19,954 Increase1.6 % Increase2.0 % Negative increase11.3 % Positive decrease110.8 % 1999 Increase1,171.9 Increase20,593 Increase1.6 % Increase1.7 % Positive decrease10.9 % Positive decrease109.7 % 2000 Increase1,239.3 Increase21,771 Increase3.7 % Negative increase2.6 % Positive decrease10.1 % Positive decrease105.1 % 2001 Increase1,298.9 Increase22,803 Increase1.7 % Negative increase2.3 % Positive decrease9.1 % Positive decrease104.7 % 2002 Increase1,345.8 Increase23,610 Increase0.2 % Negative increase2.6 % Positive decrease8.6 % Positive decrease101.9 % 2003 Increase1,390.7 Increase24,313 Increase0.2 % Negative increase2.8 % Positive decrease8.5 % Positive decrease100.5 % 2004 Increase1,448.4 Increase25,134 Increase1.6 % Negative increase2.3 % Positive decrease8.0 % Positive decrease100.0 % 2005 Increase1,489.7 Increase25,656 Increase1.0 % Negative increase2.2 % Positive decrease7.7 % Negative increase101.9 % 2006 Increase1,548.5 Increase26,553 Increase2.0 % Negative increase2.2 % Positive decrease6.8 % Negative increase102.6 % 2007 Increase1,609.6 Increase27,495 Increase1.5 % Increase2.0 % Positive decrease6.1 % Positive decrease99.8 % 2008 Increase1,632.2 Increase27,647 Decrease-1.1 % Negative increase3.5 % Negative increase6.7 % Negative increase102.4 % 2009 Decrease1,572.9 Decrease26,457 Decrease-5.5 % Increase0.7 % Negative increase7.7 % Negative increase112.5 % 2010 Increase1,604.5 Increase26,873 Increase1.7 % Increase1.6 % Negative increase8.3 % Negative increase115.4 % 2011 Increase1,637.5 Increase27,313 Increase0.6 % Negative increase2.9 % Negative increase8.4 % Negative increase116.5 % 2012 Decrease1,613.3 Decrease26,813 Decrease-2.8 % Negative increase3.3 % Negative increase10.7 % Negative increase123.4 % 2013 Decrease1,604.6 Decrease26,518 Decrease-1.7 % Increase1.2 % Negative increase12.1 % Negative increase129.0 % 2014 Increase1,621.9 Increase26,682 Increase0.1 % Increase0.1 % Positive decrease12.6 % Negative increase131.8 % 2015 Increase1,652.1 Increase27,174 Increase0.9 % Increase0.1 % Positive decrease11.9 % Positive decrease131.6 % 2016 Increase1,689.8 Increase27,855 Increase1.1 % Positive decrease-0.1 % Positive decrease11.7 % Positive decrease131.4 % 2017 Increase1,727.3 Increase28,510 Increase1.5 % Increase1.3 % Positive decrease11.3 % Steady131.4 % 2018[73] Increase1,757.0 Increase29,049 Increase0.9 % Increase1.2 % Positive decrease10.6 % Negative increase132.2 % Companies Further information: List of companies of Italy and List of largest Italian companies Ferrari is the world's most powerful brand according to the Global 500 annual study published by Brand Finance in 2014.[74] The labour productivity level of Italy. OECD, 2015[75] Of the world's 500 largest stock-market-listed companies measured by revenue in 2016, the Fortune Global 500, nine are headquartered in Italy.[76] The country's major companies by sector are:[77] Fiat Chrysler Automobiles, CNH Industrial, Ducati, Piaggio (motor vehicles); Pirelli (tyre manufacturing); Enel, Edison, A2A, Terna (energy); Eni (petrochemicals); Candy, Indesit, De'Longhi (home appliances); Leonardo that has absorbed its subsidiary companies Alenia Aermacchi, AgustaWestland and Oto Melara (defence); Avio, Telespazio (space); Beretta, Benelli (firearms); Armani, Versace, Dolce & Gabbana, Gucci, Benetton, Diesel, Prada, Luxottica, YOOX (fashion); Ferrero, Barilla, Autogrill, Lavazza, Perfetti Van Melle, Campari, Parmalat (food&beverages); Techint, Lucchini, Gruppo Riva, Danieli (steel); Prysmian, Salini Impregilo, Italcementi, Buzzi Unicem, Astaldi (construction); STMicroelectronics (electronics); Telecom Italia, Mediaset (communications); Assicurazioni Generali, Unipol (insurance); UniCredit, Intesa Sanpaolo (banking); Ferrari, Maserati, Lamborghini (luxury vehicles); Fincantieri, Ferretti, Azimut (shipbuilding). Rank (World) Rank (Italy) Company Headquarters Revenue (€bn) Profit (€bn) Employees (World) Main sector 19 1 Fiat Turin 152.6 0.83 225,587 Automotive 49 2 Generali Group Trieste 102.6 2.25 74,000 Insurance 65 3 Eni Rome 93.0 1.33[78] 80,911 Petroleum 78 4 Enel Rome 83.9 2.44 62,080 Electric utility 224 5 Intesa Sanpaolo Turin 42.2 3.04 90,807 Banking 300 6 UniCredit Milan 34.6 1.88 117,659 Banking 305 7 Poste italiane Rome 34.1 0.61 142,268 Postal services 404 8 Telecom Italia Milan 26.6 0.44[79] 66,025 Telecommunications 491 9 Unipol Bologna 21.5 0.30 14,223 Insurance Figures are for 2016. Figures in italic = Q3 2017 Wealth Further information: List of Italian billionaires Leonardo Del Vecchio. Italy has over 1.4 million people with a net wealth greater than $1 million, a total national wealth of $11.857 trillion, and represents the 5th largest cumulative net wealth globally (it accounts for 4.92% of the net wealth in the world).[80] According to the Credit Suisse's Global Wealth Databook 2013, the median wealth per adult is $138,653 (5th in the world),[80] while according to the Allianz's Global Wealth Report 2013, the net financial wealth per capita is €45,770 (13th in the world).[81] The following top 10 list of Italian billionaires is based on an annual assessment of wealth and assets compiled and published by Forbes in 2017.[82] Rank (World) Rank (Italy) Name Net Worth ($bn) Main source Main sector 29 1 Maria Franca Fissolo Ferrero & family 25.2 Ferrero SpA Food 50 2 Leonardo Del Vecchio 17.9 Luxottica Eyewear 80 3 Stefano Pessina 13.9 Walgreens Boots Pharmaceutical retail 133 4 Massimiliana Landini Aleotti 9.5 Menarini Pharmaceutical 199 5 Silvio Berlusconi 7.0 Fininvest Financial services 215 6 Giorgio Armani 6.6 Armani Fashion 250 7 Augusto & Giorgio Perfetti 5.8 Perfetti Van Melle Confectionery 385 8 Paolo & Gianfelice Rocca 3.4 Techint Conglomerate 474 9 Giuseppe De'Longhi 3.8 De'Longhi Small appliance 603 10 Patrizio Bertelli 3.3 Prada Apparels Regional data Further information: List of Italian regions by GDP Map of Italian regions by GDP per capita in 2015. 2015 Gross Domestic Product in Italy (2015 data)[83][84] Rank Region GDP €m % of Nation € per capita - Italy 1,645,439 100.00 27,045 1 Lombardy 357,200 21.71 35,885 2 Lazio 192,642 11.09 30,967 3 Veneto 151,634 9.21 30,843 4 Emilia-Romagna 149,525 9.08 33,558 5 Piedmont 127,365 7.74 28,870 6 Tuscany 110,332 6.70 29,446 7 Campania 100,544 6.11 17,187 8 Sicily 87,383 5.31 17,068 9 Apulia 72,135 4.38 17,166 10 Liguria 47,663 2.90 30,438 11 Marche 40,593 2.47 25,971 12 Trentino-Alto Adige 40,096 2.44 37,813 13 Friuli-Venezia Giulia 35,669 2.17 29,147 14 Calabria 32,795 1.99 16,467 15 Abruzzo 32,592 1.98 24,160 16 Sardinia 32,481 1.97 19,306 17 Umbria 21,438 1.30 23,735 18 Basilicata 11,449 0.69 19,473 19 Molise 6,042 0.36 18,891 20 Aosta Valley 4,374 0.27 34,301 North–South divide Since the unification of Italy in 1861, a wide and increasing economic divide has been growing between the northern provinces and the southern half of the Italian state. This gap was mainly induced by the region-specific policies selected by the Piedmontese elite, who dominated the first post-unitary governments,[85] and that more heavily penalized the regions farther away from the rulers’ fiercer enemies, as recently confirmed by Guilherme de Oliveira and Carmine Guerriero.[86] To illustrate, the 1887 protectionist reform, instead of safeguarding the arboriculture sectors crushed by 1880s fall in prices, shielded the Po Valley wheat breeding and those Northern textile and manufacturing industries that had survived the liberal years thanks to state intervention.[87] While indeed the former dominated the allocation of military clothing contracts, the latter monopolized both coal mining permits and public contracts.[88] A similar logic guided the assignment of monopoly rights in the steamboat construction and navigation sectors and, above all, the public spending in the railway sector, which represented 53% of the 1861-1911 total.[89] To make things worse, the resources necessary to finance this public spending effort were obtained through highly unbalanced land property taxes, which affected the key source of savings available for investment in the growth sectors absent a developed banking system.[90] To elaborate, the 1864 reform fixed a 125 million target revenue to be raised from 9 districts resembling the pre-unitary states.[91] Given the inability of the government to estimate the land profitability, especially because of the huge differences among the regional cadasters, this policy irreparably induced large regional discrepancies.[91] To illustrate, the ex-Papal State (central Italy) took on the 10%, the ex-Kingdom of Two Sicilies (Southern Italy) the 40%, and the rest of the state (ex-Kingdom of Sardinia, Northern Italy) the 21%.[91] To weigh this burden down, a 20% surcharge was added by 1868.[91] The 1886 cadastral reform opened the way to more egalitarian policies and, after the First World War, to the harmonization of the tax-rates, but the impact of extraction on the economies of the two blocks was at that point irreversible.[86] While indeed a flourishing manufacturing sector was established in the North, the mix of low public spending and heavy taxation squeezed the Southern investment to the point that the local industry and export-oriented farming were wiped out.[92] Moreover, extraction destroyed the relationship between the central state and the Southern population by unchaining first a civil war called Brigandage, which brought about 20,000 victims by 1864 and the militarization of the area, and then favoring emigration, especially from 1892 to 1921.[93] To elaborate, extractive policies induced a dramatic fall in the accumulation of both social and human capital in the Southern regions and favored the rise of organized

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