In 2015 real GDP per capita was $56,000 in the United States. The real GDP per capita in that same year was only $47,000 in Germany, $41,000 in France and the United Kingdom, and just $36,000 in Italy, adjusting for purchasing power. In short, the U.S. remains richer than its peers.
Economy. United States has a GDP per capita of $60,200 as of 2020, while in Italy, the GDP per capita is $39,000 as of 2020.
Comparison In 2021, Italy ranked 19 in the Economic Complexity Index (ECI 1.27), and 7 in total exports ($597B). That same year, United States ranked 10 in the Economic Complexity Index (ECI 1.46), and 2 in total exports ($1.63T).
United States is about 33 times bigger than Italy.
Italy is approximately 301,340 sq km, while United States is approximately 9,833,517 sq km, making United States 3,163% larger than Italy. Meanwhile, the population of Italy is ~61.1 million people (276.2 million more people live in United States).
It's the primary reason many people first consider moving overseas. In general, the COL in Italy can be 30% to 70% lower than the cost of living in the U.S., depending on where in Italy you want to live, and how you want to live.
Venice, California
It's impossible to ignore the comparisons between this California town and the famous one in Italy.
While in annual terms the difference could seem somewhat limited, the contrast between cumulative growths is significant: 50% since 1997 in Spain versus 10% in Italy. Moreover, according to EU forecasts, in 2018 Spain will surpass Italy in per capita GDP (in PPP terms) for the first time ever.
Italy owns the world's third-largest gold reserve, and is the third-largest net contributor to the budget of the European Union. Furthermore, the advanced country private wealth is one of the largest in the world.
The world's 12th largest economy
Strong growth in 2021 solidified Australia's position as the world's 12th largest economy in 2021. Nominal GDP was around A$2.2 trillion (US$1.6 trillion) in 2021. Australia is home to just 0.3% of the world's population, but accounts for 1.7% of the global economy.
Italians, French, Greeks, Spanish, Croatians, and Israelis all enjoy high life expectancy, and good health with overall fewer health problems than their American counterparts due to their very simple common sense approach to food and lifestyle.
California, the largest economy in the United States, has a GDP of $3.5 trillion and a GDP per capita of $89,540.
The economy of the European Union is the joint economy of the member states of the European Union (EU). It is the third largest economy in the world in nominal terms, after the United States and China, and the third one in purchasing power parity (PPP) terms, after China and the United States.
Luxembourg, the richest country in Europe
Luxembourg has a per capita GDP of $128,820 (IMF, 2023), making it the wealthiest country in Europe. The country is famous for its strong financial sector.
Italy is also one of the UN's and the EU's major funders, the leading nation of the Uniting for Consensus, and serves as one of the UN states of chief importance in providing shipping services, air transport, and industrial development.
Despite being a wealthy country, Italy suffers from serious inequality in the distribution of wealth and resources. These dramatic statistics stand out: in 1998, 2,558,000 families (11.8 percent of the total) lived in poverty, which is equal to 7,423,000 individuals.
In Italy, the average household net wealth is estimated at USD 295 020, slightly lower than the OECD average of USD 323 960. For more information on estimates and years of reference, see FAQ section and BLI database.
Italy has a GDP per capita of $39,000 as of 2020, while in China, the GDP per capita is $16,400 as of 2020.
Italy has a GDP per capita of $39,000 as of 2020, while in Greece, the GDP per capita is $27,300 as of 2020.
Most Italian Americans trace their roots to villages in the Mezzogiorno, or the regions that comprise Italy's south: Sicily, Campania, Calabria, Basilicata, Abruzzo, Puglia, Molise, and Sardinia.
Lazio is the most popular region
Lazio, which includes Italy's capital Rome, is home to some 2,800 Americans, making it the most popular region among US nationals.
According to professional travel planners, most Americans visiting Italy stick to the hits: Rome, Venice, Florence, Milan, the Amalfi Coast, Lake Como or Cinque Terre. With some of the country's most famous architecture, art, beaches and museums, those destinations are the most popular for good reason.