Located in the Lazio region, Rome brings thousands of tourists to its old-fashioned city every year. However, Rome's economy has not yet picked up, suffering from a weak labour market, political unrest and lack of leadership. Generally, Rome is a service-based economy dominated by commercial activities, research centres and high-tech companies. Meanwhile, Rome's quality of life is also worsened by traffic congestion, air pollution and waste management issues.
You have no recently viewed reports.
Why not browse through our Featured or Trending Reports to see what we have to offer?
Italy's administrative centre and a major international tourist hub, Rome, records labour productivity (GVA per employee) that is 20% higher than elsewhere in the country, as of 2016. However, the city lags behind Milan, Italy's financial, trade and fashion centre, as well as many other Western European metropolises.
Higher labour productivity is a major factor behind Rome's household disposable income being 12% above the rest of the country's average, as of 2016. Yet, household earnings in the capital are suppressed (in particular, when compared with Milan) due to high unemployment in the city.
Consumer expenditure per household (excluding housing and transport) in Rome was 8.6% higher compared to the rest of the country in 2016. Necessities (ie food and housing) capture more than a third of Romans' budgets. Meanwhile, discretionary consumer spending in Rome is bolstered by strong tourist flows.
Household expenditure on housing and transport was 15% higher in the city compared with the rest of the country in 2016. The difference is largely driven by transport expenses, which are elevated in the capital due to a limited public transport network and a strong preference for cars. In terms of housing, Rome is more favoured than Milan thanks to cheaper rents in the capital.