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The tax burden in Italy declined by 0.1 percentage points from 42.7% to 42.6% in 2013. The corresponding figure for the OECD average was an increase of 0.4 percentage points from 33.7% to 34.1%. The Italian standard VAT rate is 22%, which is above the OECD average. The average VAT/GST standard rate in the OECD was 19.1% on 1 January 2014.
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Italy's indicators of health status and quality of care remain among the best in the EU. Italy spent 9.2% of its GDP on health in 2012, slightly more than the EU average of 8.7%.
Immigration flows to Italy have been declining since the onset of the economic crisis in 2008.
The OECD LEED Trento Centre in agreement with the Italian Government, is assisting the Ministry of Culture, Heritage and Tourism (MIBACT) in the promotion and support of social and economic development activities in Southern Italian Regions (Calabria, Campania, Apulia and Sicily) through the valorisation of their cultural, natural and landscape attractions.
This review underlines some important points of strength with respect to Italian SMEs and entrepreneurship, notably for medium-sized firms that very often excel in their market niches, have a strong propensity to business collaboration, as well as favourable access to finance. The review also looks at the challenges that lie ahead for Italy, hard hit by the global economic crisis, notably among micro and small firms. Recovery will mean, among other things, removing barriers to business growth, streamlining the complexity of the Italian tax system, and opening the business environment to competition, foreign direct investment and equity financing, as well as improving training and workforce skills.
The OECD Secretary-General, Angel Gurria, congratulates Prime Minister Renzi on the passing by the Italian Senate of a bill enabling the government to elaborate a comprehensive reform of the labour market – the so-called Jobs Act.
Country notes outlining regional variations in health, jobs, safety, environment, access to services, civic engagement, housing, education, income, and employment. These notes are from the OECD publication "How's Life in Your Region?".
Getting regions and cities 'right', adapting policies to the specificities of where people live and work, is vital to improving citizens’ well-being. View the country factsheets from the publication OECD Regional Outlook 2014.
Mr. Angel Gurría, Secretary-General of the OECD met with Mr. Matteo Renzi, President of the Council of Ministers of Italy, in Milan on 3 October 2014.
Mr. Angel Gurría, Secretary-General of the OECD, will meet with Mr. Matteo Renzi, President of the Council of Italy, in Milan on 3 October 2014.