Market profile
Doing Business
Italy has a huge, sophisticated consumer market - almost any internationally competitive product has the possibility to succeed. The Italian industry is characterised by SMEs (over 80 per cent of companies) and family businesses with a strong regional focus.
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Country Profile
Content supplied by Department of Foreign Affairs and Trade
- ECONOMIC CLIMATE
The Italian economy has changed dramatically since the end of World War II. From an agriculture-based economy, Italy has developed into an industrial state ranked as the world's eighth-and Europe's third-largest economy.
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- TRADE RELATIONS
Australia and Italy enjoy a warm and long-standing relationship underpinned by strong community ties. Bilateral trade and investment and the development of cultural and educational links continue to grow.
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- POLITICAL CLIMATE
The constitution of Italy was adopted in 1947, following a referendum on 2 June 1946 that abolished the Italian monarchy and established Italy as a parliamentary republic.
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