In the past, the Italian economy was agriculturally based. Today, Italy has developed into an industrial country, becoming a member of the the European Union and the G8 group of industrialized countries. Some unique characteristics of Italy include the following:

• Industrial sectors are concentrated in northern Italy.
• Many precision industries exist in Italy.
• Italy’s economic strength is primarily in small and medium-sized companies.
• The processing and manufacturing of goods are major industries.
• Many business are family-owned.
• Italy has few natural resources.
• Italy is the third largest producer of wine in the world.
• Italy is a leading producer of olive oil, fruits, flowers and vegetables.

• (Source: www.en.wikipedia.org/wiki/Economy_of_Italy)