Despite the challenging global environment, Italy has made important reforms. We now predict the Italian economy will grow at a rate of 1% for 2017 and 2018. Reforms have helped to create 3.2 million new permanent contracts and boost total employment by 2% since early 2015.
L'Italie connaît une reprise après une récession profonde et durable. Les réformes structurelles, les conditions monétaires et budgétaires accommodantes et le bas niveau des prix des produits de base y ont contribué.
L’Italie sort lentement d’une récession longue et profonde, grâce notamment à diverses réformes structurelles – telles que le Jobs Act – ainsi qu’à des politiques monétaires et budgétaires accommodantes, comme l’explique un nouveau rapport de l’OCDE.
The Secretary-General presented the 2017 OECD Economic Survey of Italy and held bilateral meetings with Italian Prime Minister Paolo Gentiloni and several Cabinet ministers.
Since the last in-depth review in 2009, Italy has made strong progress in the development and implementation of energy policy. The most notable improvement has been the publication of a comprehensive long-term energy strategy.
The adoption of the National Energy Strategy in 2013 sent a strong signal to stakeholders as to the government’s medium- and long-term objectives for the energy sector. It established clear goals: reduce energy costs, meet environmental targets, strengthen security of energy supply and foster sustainable economic growth. Nonetheless, the adoption of the Strategy is only a first step towards achieving the government’s ambitions. Monitoring implementation and maintaining momentum will present a challenge for the government.
Italy has experienced impressive growth in the renewable energy sector and has been successful in integrating large volumes of variable renewable generation. Containing costs is a priority, and policies need to focus on bringing deployment costs towards international benchmarks.
Italy has also continued to progress in terms of market liberalisation and infrastructure development, notably in the electricity market where transmission improvements between north and south, as well as market coupling, have resulted in price convergence throughout the country and wholesale prices tending towards those elsewhere in Europe. Development in the gas sector has been slower, and greater progress is needed if Italy is to be become a southern European gas hub. Furthermore, institutional arrangements within the energy sector remain complex and should be reformed and strengthened. Implementation of the National Energy Strategy provides a timely opportunity to address each of these challenges in a comprehensive way.
This review analyses the energy policy challenges facing Italy and provides recommendations for further policy improvements. It is intended to help guide the country towards a more secure and sustainable energy future.
English, PDF, 274kb
A two-page OECD summary and analysis of the Services Trade Restrictiveness Index results for Italy.
This follow-up to the 2001 OECD Territorial Review of Bergamo monitors progress over the past 15 years and reassesses the main development challenges the region faces. Globalisation has intensified international competition in Bergamo’s traditional manufacturing sector, and the global financial crisis has exacerbated some of the structural weaknesses of Bergamo’s traditional industrial sectors. The region needs to upgrade production processes to generate more added value in economic activities to remain competitive. The review offers recommendations to help Bergamo transition to higher value-added and more technologically intensive activities. In particular, it calls for: a development plan supported by all local actors; a strategy for improving the skills of the adult population through education and training programmes; stimulating innovation systems; attracting foreign direct investment; and, finally, strategies for boosting the competitiveness of small and medium-sized enterprises.
English, PDF, 1,164kb
This country note presents student performance in science, reading and mathematics, and measures equity in education in Italy.
This publication provides detailed country notes on Value Added Tax/Goods and Services Tax (VAT/GST) and excise duty rates in OECD member countries.
This annual publication presents detailed country notes and internationally comparable tax data for all OECD countries from 1965 onwards.