Italy's news in English

Editions:  Europe · Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland

Immigrants gave €123bn to Italy economy in 2014

Share this article

Immigrants gave €123bn to Italy economy in 2014
Immigrants in Italy last year brought over €123 billion to Italy's economy. Photo: Euros photo: Shutterstock
12:53 CET+01:00
Immigrants in Italy last year brought over €123 billion to Italy's economy, a think-tank has said.

Using data from the first nine months of the year, the Venice-based Leone Moressa foundation said 2.4 million residents born outside of Italy were in jobs.

Those workers together produced 8.8 percent of Italy's national wealth, a figure that equates to over €123 billion.

Foreign-born people in Italy also had a higher rate of employment than Italians: 57.1 percent against 41.8 percent.

Almost half work in the service sector while over 600,000 run their own business.

Despite the persistent debate over immigration in Italy, the think-tank said that "from a strictly economic point of view, you can't underestimate the contribution that migrants generate in terms of wealth and development."

Immigrants are also less of a burden on the national health service and pension fund, the think-tank added.

 
Get notified about breaking news on The Local

Share this article

From our sponsors

VIDEO: Three surprising facts that will make you want to visit Malta

Game of Thrones has ended but it lives on in Malta! Find out how and learn two more unexpected facts about this little archipelago in the middle of the Med.