Italy is the third largest economy of the Eurozone and the eighth largest in the world with a GDP of more than 2.1 trillion dollars and a population of more than 60 million. Italy is the 2nd largest manufacturing economy in Europe, maintaining a leading position in many sectors such as fashion, design, food, machinery and automation. The presence of multinational companies is significant in high-tech sectors, high level services and consumer markets, and a strong network of SMEs and many industrial clusters throughout the country constitute its economic backbone.
It is a country of arts and treasures ranked among the 20 best European countries in the Quality of Life Index (2016). Milan is the economic heart of the country and has recently undergone an important transformation thanks to Expo 2015: it is the largest Italian financial market, one of the world’s recognized capitals for fashion and design, and a recognized center for universities.