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Economy of Rome


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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. Rome, on the whole, has the highest total earnings in Italy, reaching €47,076,890,463 in 2008, yet, in terms of average workers' incomes, the city places itself 9th in Italy, with €24,509 On a global level, Rome's workers receive the 30th highest wages in 2009, coming three places higher than in 2008, in which the city ranked 33rd.

Although the economy of Rome is characterised by the absence of heavy industry and it is largely dominated by services, high-technology companies (IT, aerospace, defence, telecommunications), research, construction and commercial activities (especially banking), and the huge development of tourism are very dynamic and extremely important to its economy. Rome's international airport, Fiumicino, is the largest in Italy, and the city hosts the head offices of the vast majority of the major Italian companies, as well as the headquarters of three of the world's 100 largest companies: Enel, Eni, and Telecom Italia.

Universities, national radio and television and the movie industry in Rome are also important parts of the economy: Rome is also the hub of the Italian film industry, thanks to the Cinecittà studios, working since the 1930s. The city is also a centre for banking and insurance as well as electronics, energy, transport, and aerospace industries. Numerous international companies and agencies headquarters, government ministries, conference centres, sports venues, and museums are located in Rome's principal business districts: the Esposizione Universale Roma (EUR); the Torrino (further south from the EUR); the Magliana; the Parco
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