World Business Council



ITALY

Chair

Italy, with a population of approximately 58 million (2023), is a Mediterranean country known for its rich cultural heritage, historical significance, and vibrant economy. The Italian economy is diverse, with key sectors including manufacturing, services, and agriculture. Italy is renowned for its high-quality manufacturing, particularly in fashion, automotive, and machinery, and is home to some of the world’s leading luxury brands. The services sector, particularly tourism, plays a crucial role, as millions flock to experience its art, cuisine, and historical landmarks each year. With a GDP estimated at around $2 trillion and a per capita income of approximately $34,000 (2023), Italy is one of the largest economies in Europe.

The Italian government and business community can collaborate with the World Business Center to promote sustainable practices in tourism and manufacturing, enhance innovation, and strengthen international trade relations for comprehensive economic development.