Italy
Government finance and price level data from the World Bank WDI.
EU member state — view detailed Eurostat data →
Government finances
Central government data (World Bank WDI). Not directly comparable with EU Maastricht figures which use general government.
Govt expenditure
47.3% GDP
2023
Budget deficit
3.4% GDP
2024
Price level
Italy is 31.0% cheaper than the USA overall (2025). Index: USA = 100.
Overall price level
69.0(USA=100)
2025
Source: World Bank WDI (PA.NUS.PPP / PA.NUS.FCRF × 100). GDP price level only. Detailed category-level price data (EU27=100) available on the EU country page.
Tax rates
Labour tax wedge
31.1% of labour cost
2025
Top income tax rate
43%
2024
Corporate tax rate
27.9%
2024
Standard VAT rate
22%
2024
Statutory rates 2024: OECD Taxing Wages / EC Taxation Trends. Labour wedge: Eurostat earn_nt_taxrate (EEA/EU countries only).
Data sources
| Dataset | Source | Coverage |
|---|---|---|
| Govt debt / expenditure / revenue / surplus | World Bank WDI (GC.* indicators) | 2000–2024 |
| Price level index (USA=100) | World Bank WDI PPP/XR ratio | 1990–2023 |
| Labour tax wedge | Eurostat earn_nt_taxrate | EEA/EU only |
| Statutory tax rates | OECD / EC Taxation Trends 2024 | EU+EFTA only |