Italy Economy - 1986

GEOGRAPHICAL NAMES 

GDP: $348.4 billion (1984), $6 096 per capita; 63.5% private consumption, 18.0% gross fixed investment, 20.0% government, —2.1% net foreign balance, 0.7% change in stocks; 1984 growth rate —2.6% (1980 constant prices)

Natural resources: mercury, potash, marble, sulfur, dwindling natural gas reserves, fish

Agriculture: important producer of fruits and vegetables; main crops—cereals, pota toes, olives. 95% self-sufficient; food shortages—fats, meat, fish, and eggs

Fishing: catch 478,350 metric tons (1983); exports $94 million (1984), imports $709 million (1984)

Major industries: machinery and tianspor-tation equipment, iron and steel, chemicals, food processing, textiles

Shortages: coal, fuels, minerals

Crude steel: 24 million metric tons produced (1984), 420 kg per capita

Electric power: 51,868,000 kW capacity (1965); 183.377 billion kWh produced (1985\ 3,209 kWh per capita

Exports: $73.4 billion (f.o.b., 1984); principal items—textiles, chemicals, footwear

Imports: $84.3 billion (c.i.f., 1984); principal items—petroleum machinery and transport equipment, foodstuffs, ferrous and nonferrous metals, wool, cotton

Major trade partners: (1981) 44% EC (16% FRG, 13% France, 6% UK, 4% Switzerland), 13% OPEC (3% Libya), 8% US, 4% USSR, 3% Eastern Europe

Aid: donor- -ODA and OOF economic aid commitments (1970-83), $8.9 billion

Monetary conversion rate· 1,785.4 lire=US$l (October 1985)

Fiscal year: calendar year

NOTE: The information regarding Italy on this page is re-published from the 1986 World Fact Book of the United States Central Intelligence Agency and other sources. No claims are made regarding the accuracy of Italy 1986 information contained here. All suggestions for corrections of any errors about Italy 1986 should be addressed to the CIA or the source cited on each page.