Economy of Rome

Economy Of Rome

Rome is a major EU and international financial, cultural and business centre. With a 2005 GDP of €94.376 billion (US$121.5 billion), the city produces 6.7% of the national GDP (more than any other single city in Italy), and its unemployment rate, lowered from 11.1% to 6.5% between 2001 and 2005, is now one of the lowest rates of all the European Union capital cities. Rome grows +4.4% annually and continues to grow at a higher rate in comparison to any other city in the rest of the country. This means that were Rome a country, it would be the world's 52nd richest country by GDP, near to the size to that of Egypt. Rome also had a 2003 GDP per capita of €29,153 (US$ 37,412), which was second in Italy, (after Milan), and is more than 134.1% of the EU average GDP per capita. Also, Rome hosts the head offices of the vast majority of the major Italian companies and corporations, as well as the headquarters of 3 of the world's 100 largest companies: Enel, Eni, and Telecom Italia.

Rome, also hosts major international and worldwide political and cultural organizations, such as the International Fund for Agricultural Development (IFAD), World Food Programme (WFT), and the NATO Defence College. Rome is currently an beta+ world city, along with other metropoleis such as Berlin and Montreal, and was ranked in the Global Cities Index as the world's 28th most important city. Rome was in 2008, also ranked 15th out of all the cities of the world for global importance, mainly for cultural experience.

Read more about Economy Of Rome:  History

Famous quotes containing the words economy of, economy and/or rome:

    Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.
    Jane Jacobs (b. 1916)

    Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.
    Alexander Herzen (1812–1870)

    The old world stands serenely behind the new, as one mountain yonder towers behind another, more dim and distant. Rome imposes her story still upon this late generation.
    Henry David Thoreau (1817–1862)