The economy of Italy is a highly developed social market economy. It is the third-largest national economy in the European Union, the second-largest manufacturing industry in Europe, the 9th-largest economy in the world by nominal GDP, and the 12th-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 eighth-largest exporter in the world, with $611 billion exported in 2021. Its closest trade ties are with the other countries of the European Union, with whom it conducts about 59% of its total trade. The largest trading partners, in order of market share in exports, are Germany (12.5%), France (10.3%), the United States (9%), Spain (5.2%), the United Kingdom (5.2%) and Switzerland (4.6%).

Northern Italy is a geographical and cultural region in the northern part of Italy. The Italian National Institute of Statistics defines the region as encompassing the four northwestern regions of Piedmont, Aosta Valley, Liguria and Lombardy in addition to the four northeastern regions of Trentino-Alto Adige, Veneto, Friuli-Venezia Giulia and Emilia-Romagna.