Economy of Rome

Rome is a major EU and international financial, cultural, and business centre. Rome's trade is 0.1% of world economic trade. With a 2005 GDP of €94.376 billion (US$121.5 billion),^[1] the city produces 6.7% of the national GDP after Milan which provides 10%[1], and its unemployment rate, lowered from 11.1% to 6.5% between 2001 and 2005, is now one of the lowest rates of all the European Union capital cities.^[1] This means that if Rome were a country, it would be the world's 52nd richest country by GDP, near to the size of that of Egypt. Rome also had a 2003 GDP per capita of €29,153 (US$39,412), which was second in Italy (after Milan), and is more than 134.1% of the EU average GDP per capita.^[2] Furthermore, Rome hosts several major Italian companies and corporations, almost the same number as Milan, as well as the headquarters of 3 of the world's 100 largest companies: Enel, Eni, and Telecom Italia.^[3]

Rome, hosts major international and worldwide political and cultural organizations, such as the International Fund for Agricultural Development (IFAD), World Food Programme (WFP), Food and Agricultural Organization (FAO), and the NATO Defence College. Rome is currently a beta+ world city, along with other cities, such as Berlin and Montreal,^[4] and was ranked as the world's 28th most important city in the Global Cities Index.^[5] In 2008, Rome ranked 30th in the world for global importance.^[6]