Lombardy in a nutshell

Lombardy covers an area of just under 24,000 km2. It is the fourth-largest region in Italy in area (after Sicily, Piedmont and Sardinia) and hosts 9.6 million residents. There were 959,567 companies registered in Lombardy at the end of 2007 (33.9 active companies per km2 and 84.3 companies per 1,000 population).
The business system is composed primarily of manufacturing and advanced service companies with employment and production levels well above the national average.
Lombardy represents:
  •  20.7% of national GDP
  •  36% of national imports
  •  29% of national exports
  •  28% of bank deposits
  •  25.2% of all Italian capital-based companies
  • 21.3% of employees
  • 21% of the total R&D expenditures
With an active population exceeding 8 million and more than 4.3 million employed, it is one of the regions with the highest participation in the labor market. The rate of female activity (59.3%) is eight percentage points higher than the national average.
The unemployment rate is 3.4%.
The GDP per inhabitant exceeds € 32,000 (28.3% above the national average).
Manufacturing offers work to 36% of the employed. Only 1.7 of the total are employed in agriculture, but that is primarily high-productivity animal breeding activity. Service employees represent 62.3%.

The crafts represent a production quotient above the national average, and almost three-fourths relate to production or construction crafts closely integrated in to the production processes of industrial firms.

The commercial structure is strongly oriented toward mass-retailing and chains.

Foreign trade

Lombard imports represent 36% of the national total in value, while exports are just under 30%. There are 59,000 companies that export.

Around 60% of all imports and exports are to/from other European countries (primarily EU member states). 37.4% of exports flow to the Asian and Near and Middle Eastern markets.
The characteristic Lombard exports are machinery and mechanical equipment, chemicals and pharmaceuticals, and products of the fashion system, which account for 46% of the total.

Financial market

The Lombard market for banking and financial services is based on 190 banks (23.6% of the national total), with 6,453 branches that provide intensive geographical coverage (a branch for 1,479 inhabitants).

Source:  Unioncamere Lombardy
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