Italy

Price of Goods in US$, which in US would Cost $1 - Italy Compared to Continent

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Albania	€0.59
Austria	€1.26
Belarus	€0.51
Belgium	€1.30
Bosnia & H.	€0.61
Bulgaria	€0.56
Croatia	€0.84
Cyprus	€1.10
Czech Rep.	€0.83
Denmark	€1.68
Estonia	€0.85
Finland	€1.43
France	€1.35
Germany	€1.26
Greece	€1.05
Hungary	€0.80
Iceland	€1.39
Ireland	€1.45
Italy	€1.27
Latvia	€0.88
Lithuania	€0.74
Luxembourg	€1.37
Macedonia	€0.51
Malta	€0.85
Moldova	€0.57
Montenegro	€0.69
Netherlands	€1.29
Norway	€1.78
Poland	€0.79
Portugal	€1.04
Romania	€0.74
Russia	€0.74
Serbia	€0.63
Slovak Rep.	€0.80
Slovenia	€0.92
Spain	€1.15
Sweden	€1.42
Switzerland	€1.58
Turkey	€0.80
UK	€1.20
Ukraine	€0.53

 

 

Italy: Currency +/- valuation index

This is a cost of living indicator. The figure shows how much how much a bundle of goods and services costing US$1 in the US would cost in other countries (similar to The Economist's Big Mac Index).

To arrive at the figure, the Global Property Guide takes the difference between the IMF's nominal GDP figures, and their purchasing power parity GDP figures for the latest year available.

Note that currency undervaluation (as measured by PPP) is not a good predictor of future currency movements.

These cost of living indicators refer to data collected annually (for date of collection, see Data FAQ )

Source: calculated using figures from the IMF World Economic Outlook Database

 

Italy does not publish any official house price or rents time-series. Nomisma has published average prices for 13 urban areas, semi-annually, since December 1990. Il Consulente Immobiliare, a real estate industry-related review edited by Il sole 24 Ore media group gathers information semi annually based on actual house sales. Neither are freely available. General economic statistics for Italy come from the Bank of Italy and the National Institute of Statistics.