Republic of Italy, is a country consisting of a peninsula delimited by the Alps and several islands surrounding it, whose territory largely coincides with the homonymous geographical region. Italy is located in the middle of the Mediterranean Sea, in Southern Europe; it is also considered part of Western Europe. A unitary parliamentary republic shares land borders with France, Switzerland, Austria, Slovenia, as well as the enclaved microstates of Vatican City and San Marino.
Economy: It is a highly developed market economy. It is the third-largest national economy in the European Union, the eighth-largest in the world by nominal GDP, and the 13th-largest by GDP (PPP). Italy is a founding member of the European Union, the Eurozone, the OECD, the G7 and the G20; it is the tenth-largest exporter in the world, with $632 billion exported in 2019. Its closest trade ties are with the other countries of the European Union, with whom it conducts about 59% of its total trade
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