Economy of Italy

Italy’s economic strength is in the processing and manufacturing of goods, primarily in small and medium sized family-owned firms. Its major industries are tourism, precision machinery, motor vehicles, chemicals, pharmaceuticals, electrical goods, textiles, fashion, clothing and footwear.

Italy Economy Overview. Italy is the world’s ninth biggest economy. Its economic structure relies mainly on services and manufacturing. The services sector accounts for almost three quarters of total GDP and employs around 65% of the country’s total employed people.

What is the main source of income in Italy? Some of major sources of income in Italy include the production of machinery, chemicals, automobiles and textiles. Fashion deisgn and tourism also remain important sources of revenue. The agriculture sector including wine production continues min industryto be strong.

Some of the most common jobs in Italy include maintenance workers, truck drivers, groundskeepers, healthcare occupations, assemblers, childcare workers and carpenters.

It is possible to get a job without speaking Italian in Italy, particularly if you speak fluent English, but knowing a few phrases can go a long way. It shows you’re serious about living and working in Italy, and will reassure employers that you’re committed to adapting to the country.

According to data released by Skills Panorama on the shortage occupations in Italy, the following occupations are likely to face a skills shortage till 2030.

• Health-related occupations.
• ICT professionals.
• Marketing, creative and design professionals.
• STEM occupations.
• Teaching professionals.

Is it hard to find a job in Italy? If you have highly valued skills and a good knowledge of Italian and English, you probably won’t have any issue finding a job in Italy. For example, it’s pretty easy to find marketing jobs in Italy if you have experience in this field.

The salary range for people working in Italy is typically from 1,307.00 EUR (minimum salary) to 4,609.00 EUR (highest average, actual maximum salary is higher). This is the total monthly salary including bonuses. Salaries vary drastically among different job categories.

Americans must have an entrance visa which should be obtained at an Italian consulate before coming to Italy, in order to remain in Italy more than three months and gain resident status. This procedure will take several weeks to complete so it is advisable to apply well in advance of the departure date.

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Living like a local (eating local produce, drinking local wine, using public transportation) makes living in Italy very affordable. Obviously, how much it costs to live in Italy will depend on your own lifestyle and where you choose to settle.

The solution in Italy is to move to a smaller town or to the countryside. By retiring to the countryside you avoid the crowds and the prices. Living just 40 minutes outside a major city can provide you with a much lower cost of living. Also, you are still being close enough to enjoy easy access to city attractions.

Perhaps the most complex way to gain Italian citizenship is through naturalization. You’ll have to be living in Italy with a visa to go to the next step. And you’ll have to live there for at least 10 years to apply. It can be a difficult and long road, but if it’s what you want it is worth it.

Many countries today, such as the United States and Italy, allow for dual citizenship. Italy currently does not have a maximum number of citizenships that are person might hold, as long as the other countries where they are citizens also allow it.

Italian citizenship is granted by birth through the paternal line, with no limit on the number of generations, or through the maternal line for individuals born after 1 January 1948. An Italian citizen may be born in a country whose citizenship is acquired at birth by all persons born there.

Italian dual citizenship can create incredible opportunities and foster wonderful cultural exchanges. The main benefits Dual Italian Citizens enjoy are: The ability to work, reside and study in Italy and across the 27 EU member states (e.g. Spain, France, Germany, Netherlands etc.) without the need of a Visa.

The year of birth of every family member in direct line between you and your Italian Ancestor who was born in Italy. The year when your Ancestor who was born in Italy and migrated to your country, became a naturalized citizen of your country.

As a rule, the dual Italian citizenship process can cost anywhere between $400 – $7,000.

Italy’s passport, which placed fourth for the third year in a row, has been in the top five since the index began in 2006. It remains more powerful than one from the UK or US, which have visa waivers with 184 countries, Irish passports (185), or those from Canada, Australia or New Zealand (183).

The best passports to hold in 2020 are:

• Japan (191 destinations)
• Singapore (190)
• South Korea, Germany (189)
• Italy, Finland, Spain, Luxembourg (188)
• Denmark, Austria (187)
• Sweden, France, Portugal, Netherlands, Ireland (186)
• Switzerland, United States, United Kingdom, Norway, Belgium (185)

The Henley Passport Index is an annual ranking of the most powerful passports in the world based on how many destinations the holder can enter without a visa. Japan secured the top spot once again for 2021, with access to 191 countries and territories, a position it shared with Singapore until 2020.

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