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Political Data | |
Head of State (President of the Republic): | OSCAR LUIGI SCALFARO |
President of the Council of Ministers (Prime Minister): | ROMANO PRODI |
Minister of the Treasury: | CARLO AZEGLIO CIAMPI |
Minister of Finance: | VINCENZO VISCO |
Minister of Foreign Affairs: | LAMBERTO DINI |
Minister of Foreign Trade: | AUGUSTO FANTOZZI |
Central Bank Governor: | ANTONIO FAZIO |
Minister of the Environment: | EDOARDO RONCHI |
Minister of Justice: | GIOVANNI MARIA FLICK |
Minister of the Interior: | GIORGIO NAPOLITANO |
Minister of Employment: | TIZIANO TREU |
Minister of Education: | LUIGI BERLINGUER |
Minister of Health: | ROSARIA (ROSY) BINDI |
Minister of Industry, Commerce and Tourism: | PIER LUIGI BERSANI |
Minister of Communication: | ANTONIO MACCANICO |
Minister of Transport and Navigation: | CLAUDIO BURLANDO |
Minster of Public Administration: | FRANCO BASSANINI |
*Sherpa: | ROBERTO NIGIDO |
*Sous-Sherpa: | ALESSANDRO MEROLA |
*Sous-Sherpa: | MARIO DRAGHI |
*Political Director: | AMADEO DE FRANCHIS |
*Representatives to the G8 Birmingham Summit |
The House of Deputies after the 21 April 1996 Elections (Total Seats = 630) | |
284 | Olive Tree Coalition (L'Ulivo) |
35 | Reconstructed Communists (Rifondazione comunista) |
59 | Northern League (Lega Nord) |
246 | Freedom Alliance (Polo per le libertà) |
6 | Others | The Senate after the 21 April 1996 Elections (Total Seats = 325) |
157 | Olive Tree Coalition (L'Ulivo) |
10 | Reconstructed Communists (Rifondazione comunista) |
27 | Northern League (Lega Nord) |
3 | Independents (Autonomisti) |
1 | Pannella - Sgarbi List |
116 | Freedom Alliance (Polo per le libertà) |
1 | Fiamma |
10 | Senators for life |
Economic Data | ||
GDP: | (1996) | Lit. 1,873.5 Trillion |
(1997 1st quarter) | Lit. 1,903.4 Trillion | |
(1997 2nd quarter) | Lit. 1,949.3 Trillion | |
(1997 3rd quarter) | Lit. 1, 972.5 Trillion | |
Source: IMF | ||
GDP per capita: | (1996) | 18 983 US dollars |
Source: OECD | ||
Economic Growth Rate: | % change at annual rate: 3 months* (+0.7) 1 year (+2.8 1997 4th quarter) The Economist's Forecasts: (1998) +2.3%; (1999) +2.9% Source: The Economist | |
Real GDP Growth Rate: (ISTAT) | (1997) | +1.5% |
(1997 1st quarter) | +0.9% | |
(1997 2nd quarter) | +1.9% | |
(1997 3rd quarter) | +2.2% | |
(1997 4th quarter) | +2.8% | |
The Italian Treasury's Forecasts: (1998) +2.5%; (1999) +2.9% | ||
Inflation Rate: | (3 months*) | +2.3% change at annual rate |
(1 year - Feb. 1998) | +1.7% change at annual rate | |
Source: The Economist *Average of latest 3 months compared with average of previous 3 months, at annual rate | ||
Unemployment Rate: | (Jan. 1998) | 12.0% |
Source: The Economist | ||
Interest Rate: | Banks prime (22 April 1998): | 8.25% |
Source: The Economist | ||
Exchange Rate: | [Lire per US dollar / Market Rate - Period Average] (1996) 1,542.9 (1997) 1,703.1 (Jan. 1998) 1,787.7 (Feb. 1998) 1,790.8 Source: The IMF (22 April 1998 - The Economist) 1,772 | |
Current Account: (Latest 12 months) | (Dec. 1998) | +36.8 $bln |
Source: The Economist | ||
Budget Deficit: | (1997) | 2.7% of GDP |
(1998 estimate) | 2.6% of GDP | |
Public Sector Debt: | ( (1997) | 121.6% of GDP |
(1998 estimate) | 118% of GDP | |
Source: Italian Treasury - Dpef | ||
Foreign Aid: | 0.15 (ODA % of GDP) - 6th among G7 countries | |
World Ranking: | 5th | |
Major Trading Partners: (1996) | Exports to (% of total)
- Germany (17.4); France (12.5); USA (7.3); UK (6.5); Spain (4.9); EU (55.3) Imports from (% of total) - Germany (18.5); France (13.5); UK (6.6); Netherlands (6.0); USA (4.8) Source: 1997 The Economist Intelligence United Limited | |
Major exports - fob 1994 (% of total) | 1. Industrial & agricultural machinery Lit. 52,410 bln (17.0) 2. Textiles and clothing Lit. 37,086 bln (12.0) 3. Electrical equipment Lit. 27,656 bln (9.0) |
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Major imports - cif 1994 (% of total) | 1. Chemicals Lit. 38,356 bln (14.1) 2. Electrical equipment Lit. 26,642 bln (9.8) 3. Metals Lit. 25,621 bln (9.4) Source: 1997 The Economist Intelligence United Limited |
Prepared by Ray Claudio Pino and Carla Angelone, University of Toronto G8 Research Group, May 1998.
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