Northern Italy - Economy

Economy

See also: Economy of Italy#North–South divide

The area has one of the highest GDP per capita in Europe. Northern Italy is the most developed and productive area of the country, and the first part of Italy to be industrialized in the last half of the 19th century, the so-called industrial triangle formed by the manufacturing centres of Milan and Turin and the seaport of Genoa. Nowadays, the industrial core of the area shifted eastward, with just Lombardy remaining from the original industrial triangle, together with Veneto and Emilia-Romagna; the same shift happened for GDP per capita, with the eastern regions being today wealthier, always together with Lombardy, than Piedmont and Liguria. With a 2008 nominal GDP estimated in €860.6 billion, Northern Italy accounts for about 60% of the Italian economy, despite having less than 50% of the population.

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