The direct contribution of travel and tourism to Venice's gross domestic product (GDP) was forecast to grow significantly in 2022 compared to the first two years of the coronavirus (COVID-19) pandemic. After dropping to under *** million euros in 2020, these industries' direct contribution to GDP in the city was predicted to reach an estimated **** billion euros in 2022.

In 2023, the highest regional Gross Domestic Product in Italy was registered in the northern region of Lombardy, roughly 490 billion euros, followed by Lazio, about 239 billion euros, and Veneto, 137 billion euros. The lowest GDP was recorded in Aosta Valley, in the north, and in Molise, in the south of Italy. A deep economic gap Among the top-10 Italian regions with the highest GDP, five are located in the north of the country: Lombardy, Veneto, Emilia Romagna, Piedmont, and Liguria. Campania, the most populous region in the south, ranked only seventh nationally. These results highlight the deep economic disparities between the north and the south of Italy. The GDP of the northwestern regions reached 709 billion euros in 2023, while the south recorded less than half of the northern regions’ figures. Thus, Lombardy, Piedmont, Liguria, and Aosta Valley constitute Italy's economic driving force. In particular, Lombardy is the region with the highest salaries nationwide, 33,635 euros gross per year, 4,300 euros more than in Campania. Actions by policymakers aimed at closing the economic and wage gap are essential for the full development of southern Italian regions. The demographic divide Despite weaker economic indicators compared to the north, southern regions record better demographic figures. Italy’s population is progressively aging and the number of residents has declined recently. The median age of Italians is expected to reach 52.9 years by 2050. However, the south of the country contributes to mitigating the demographic decline. In fact, birth rates are the highest in the southern regions, in Sicily, and in Sardinia, with 6.6 childbirths per 1,000 inhabitants, well above the 6.2 births per 1,000 residents recorded in the northwest. Additionally, the southern population is on average two years younger than the those living in the northern regions.

Italy Construction Cost Index: Residential: Region: Venice data was reported at 127.200 2000=100 in Dec 2008. This stayed constant from the previous number of 127.200 2000=100 for Nov 2008. Italy Construction Cost Index: Residential: Region: Venice data is updated monthly, averaging 119.900 2000=100 from Apr 2002 (Median) to Dec 2008, with 81 observations. The data reached an all-time high of 127.200 2000=100 in Dec 2008 and a record low of 108.100 2000=100 in Feb 2003. Italy Construction Cost Index: Residential: Region: Venice data remains active status in CEIC and is reported by National Institute of Statistics. The data is categorized under Global Database’s Italy – Table IT.EA011: Construction Cost Index: Residential: 2000=100: By Region.

Italy Residential Property Price: Average: Venice Lagoon data was reported at 2,971.680 EUR/sq m in 2022. This records a decrease from the previous number of 2,999.927 EUR/sq m for 2021. Italy Residential Property Price: Average: Venice Lagoon data is updated yearly, averaging 3,085.966 EUR/sq m from Dec 2008 (Median) to 2022, with 15 observations. The data reached an all-time high of 4,006.111 EUR/sq m in 2008 and a record low of 2,971.680 EUR/sq m in 2022. Italy Residential Property Price: Average: Venice Lagoon data remains active status in CEIC and is reported by Nomisma. The data is categorized under Global Database’s Italy – Table IT.EB003: Residential Property Price.

In 2024, Venice was by far the province in the Italian region of Veneto with the highest number of visitors to state museums, monuments, and archaeological sites. That year, state cultural institutions in this province recorded almost 990,000 visitors. In 2024, the number of visitors to state museums, monuments, and archaeological areas in Veneto increased slightly over the previous year.

Italy Port Congestion: Port Stay Duration: Venice: Wet Bulk data was reported at 1.900 Day in 28 Apr 2025. This records a decrease from the previous number of 2.300 Day for 21 Apr 2025. Italy Port Congestion: Port Stay Duration: Venice: Wet Bulk data is updated weekly, averaging 1.600 Day from Jan 2022 (Median) to 28 Apr 2025, with 169 observations. The data reached an all-time high of 2.900 Day in 18 Nov 2024 and a record low of 0.600 Day in 30 Dec 2024. Italy Port Congestion: Port Stay Duration: Venice: Wet Bulk data remains active status in CEIC and is reported by Marine Traffic. The data is categorized under Global Database’s Italy – Table IT.MT.PCN: Port Congestion: Port Stay Duration: by Port and Vessel Type.

Venice has progressively lost its inhabitants living in the historical center. For 15 centuries, this area has been the cornerstone of the city's political, economic, and social life, with a peak of 174,800 residents reached in 1951. Since then, a substantial decline started in favor of the mainland. In 1960, it became more populous than the ancient settlement for the first time since the founding in the seventh century A.D. Over the last 20 years, the inhabitants of the dry land stabilized around 180,000 people. There they can find better and easily accessible public services and modern infrastructures while avoiding the problem of overtourism. On the contrary, in 2024 only 48,000 inhabitants lived in the center, more than 70 percent less than in 1952. The population residing in the estuary never exceeded 51,000 people, and the depopulation trend has been constant since the 1990s. The problem of overtourism Tourism is a crucial sector for the city’s economy. It contributes 1.67 billion euros to Venice’s Gross Domestic Product, and more than 1,260 hotels are located within the municipality. Despite being its largest economic resource, tourism has gradually become one of the greatest threats to Venice’s survival. Less than 50,000 people reside in the historical city center, which was visited by almost six million tourists in 2023. Overtourism, with an enormous disproportion between visitors and inhabitants, has significantly lowered Venice’s life quality, and relocating to the mainland appears to be the only feasible solution for many Venetians. Between April and July 2024, the municipality administration introduced a five-euro ticket that daily tourists had to purchase before entering Venice, with the objective of controlling the flow of tourism.

Google Mobility Changes: Retails & Recreation: Italy: Veneto: Metropolitan City of Venice data was reported at 1.000 % in 15 Oct 2022. This records a decrease from the previous number of 4.000 % for 14 Oct 2022. Google Mobility Changes: Retails & Recreation: Italy: Veneto: Metropolitan City of Venice data is updated daily, averaging -5.000 % from Feb 2020 (Median) to 15 Oct 2022, with 974 observations. The data reached an all-time high of 59.000 % in 17 Aug 2021 and a record low of -97.000 % in 12 Apr 2020. Google Mobility Changes: Retails & Recreation: Italy: Veneto: Metropolitan City of Venice data remains active status in CEIC and is reported by Google LLC. The data is categorized under Global Database’s Italy – Table IT.Google.GM: Mobility Trends: Retail & Recreation (Discontinued).

The Italian condominiums and apartments market, encompassing key cities like Rome, Milan, Venice, and Florence, exhibits robust growth potential. With a market size exceeding €XX million in 2025 (exact figure unavailable but estimated based on provided CAGR and industry benchmarks), the sector is projected to maintain a Compound Annual Growth Rate (CAGR) of over 6.5% from 2025 to 2033. This sustained expansion is fueled by several factors. Increasing urbanization in major Italian cities drives demand for both residential and investment properties. A growing tourism sector, particularly in popular destinations like Venice and Florence, further boosts demand for short-term rental apartments and condominium units. Furthermore, favorable government policies aimed at stimulating the real estate market and encouraging renovation projects contribute to positive market momentum. However, challenges remain. The high cost of construction materials and labor, coupled with stringent building regulations, could potentially restrain market growth. The availability of affordable financing options and addressing concerns around property taxes will also be crucial for sustainable development. Major players like Facile Ristrutturare SPA, Impresa Tonon SPA, and others are key contributors to the market's dynamism through their construction and renovation activities. The segmentation of the market, geographically focused on major cities like Rome, Milan, Venice and Florence, highlights regional variations in growth trajectory. Areas with higher tourist activity and robust economic performance will likely witness faster expansion. Analyzing historical data (2019-2024) along with current market dynamics and industry reports will provide more precise insights for accurate forecasting. Given the positive CAGR and underlying drivers, the Italian condominium and apartment market is expected to remain a significant contributor to the nation's economy, presenting attractive opportunities for both developers and investors. Strategic focus on sustainable development practices and addressing regulatory challenges will be essential for maximizing long-term market success. Recent developments include: June 2022: Borgosesia purchased the full capital of Como 11 Srl, which owns 13 freshly renovated apartments in Milan's Corso Como, for EUR 7 million (USD 7.5 Million)., June 2022: DoveVivo, an Italian living firm, purchased ALTIDO, ensuring that it would emerge from the Covid crisis with a substantial infusion of capital and the ability to expand its inventory with an additional 51 properties through the combination of acquisitions.. Key drivers for this market are: 4., The growing number of high-rise buildings and skyscrapers globally has created a robust market for facade systems4.; Building owners and developers are placing greater emphasis on the overall performance of their structures. Potential restraints include: 4., High-quality facade materials and designs can be costly, making it challenging for some projects to meet budget constraint4.; Facades must comply with building codes and safety regulations, which can vary based on location. Notable trends are: Despite skyrocketing living expenses fueled by high inflation, average home prices in Italy rose..

Italy Port Congestion: Anchorage Stay Duration: Venice: Wet Bulk data was reported at 1.300 Day in 28 Apr 2025. This records an increase from the previous number of 0.500 Day for 21 Apr 2025. Italy Port Congestion: Anchorage Stay Duration: Venice: Wet Bulk data is updated weekly, averaging 0.700 Day from Jan 2022 (Median) to 28 Apr 2025, with 168 observations. The data reached an all-time high of 4.300 Day in 24 Oct 2022 and a record low of 0.100 Day in 03 Jun 2024. Italy Port Congestion: Anchorage Stay Duration: Venice: Wet Bulk data remains active status in CEIC and is reported by Marine Traffic. The data is categorized under Global Database’s Italy – Table IT.MT.PCN: Port Congestion: Anchorage Stay Duration: by Port and Vessel Type.

The Italian real estate market, valued at approximately €XX million in 2025, exhibits robust growth potential, projected to maintain a Compound Annual Growth Rate (CAGR) exceeding 5% through 2033. This expansion is driven by several key factors. Firstly, a resurgence in tourism and a growing influx of foreign investors, particularly from North America and other European countries, are significantly boosting demand. Secondly, Italy's appealing lifestyle, rich history, and cultural heritage continue to attract buyers seeking both primary residences and vacation homes. The market is segmented by property type (villas and landed houses, apartments and condominiums) and by city (Rome, Venice, Milan, Naples, Florence, and other cities). Rome, Milan and Venice consistently command premium pricing reflecting their high desirability. The luxury segment, catered to by firms like Christie's International Real Estate and Sotheby's International Realty, is experiencing particularly strong growth. While challenges such as bureaucratic complexities and fluctuating economic conditions exist, the long-term outlook for the Italian real estate market remains positive, fueled by sustained demand and strategic investments in infrastructure and tourism. Despite these positive trends, the market faces some headwinds. Rising interest rates and inflation pose a risk to affordability, potentially dampening demand in certain segments. Furthermore, regulatory hurdles and lengthy bureaucratic processes can create delays and complexities for both buyers and developers. However, the inherent attractiveness of Italian real estate, coupled with ongoing government initiatives to streamline processes and boost investment, is expected to mitigate these challenges and sustain the market's overall upward trajectory. The continued strength of the luxury segment indicates a resilience to broader economic fluctuations, suggesting the market’s underlying strength and future potential for growth. Regional variations exist, with Northern Italy generally commanding higher prices than the South, reflecting variations in economic activity and property desirability. Recent developments include: June 2022: The multinational real estate company Hines and Blue Noble, co-investors in the "Future Living" fund run by Savills Investment Administration SGR SpA, confirmed that a leasing deal with Starhotels for the management of a portion of the Corso Italia asset in the center of Florence has been finalized. As part of the new residential rental offer at Il Teatro Luxury Apartments - Starhotels Collezione, more than 150 luxury apartments of different sizes and styles will be available for stays of a few weeks to a few months.So, Corso Italia will start up again, keeping the area's cultural history while offering cutting-edge, in-demand apartments for rent., March 2022: Christie's International Real Estate announced their acquisition of Ansley Real Estate, a leading Atlanta-area luxury brokerage firm. After the acquisition, the company became known as Ansley Christie's International Real Estate. This acquisition will reinforce the brokerage's leadership in Atlanta's luxury market.. Key drivers for this market are: Rapid urbanization, Government initiatives. Potential restraints include: High property prices, Regulatory challenges. Notable trends are: Increase in Residential Properties across the Italy due to Less Mortgage Rates.

Italy Port Congestion: Number of Vessels: Venice: Ro/Ro data was reported at 1.000 Unit in 07 Apr 2025. This stayed constant from the previous number of 1.000 Unit for 24 Mar 2025. Italy Port Congestion: Number of Vessels: Venice: Ro/Ro data is updated weekly, averaging 1.000 Unit from Feb 2022 (Median) to 07 Apr 2025, with 80 observations. The data reached an all-time high of 2.000 Unit in 06 Jan 2025 and a record low of 1.000 Unit in 07 Apr 2025. Italy Port Congestion: Number of Vessels: Venice: Ro/Ro data remains active status in CEIC and is reported by Marine Traffic. The data is categorized under Global Database’s Italy – Table IT.MT.PCN: Port Congestion: Number of Vessels: by Port and Vessel Type.

In 2023, the highest unemployment rate was registered in the south of Italy. For Campania, Calabria, and Sicily, the shares of citizens without a job ranged from 16.1 percent to 17.8 percent. The disparities in unemployment indicators can be observed not only on the regional level, but also among genders. In 2023, one woman out of five in Campania was without a job, whereas the share of unemployed males was five percent less. The region with the highest percentage of employed individuals, both men and women, was Trentino-South Tyrol. Economic crisis in Italy Unemployment is a serious problem in Italy, which began to worsen alongside the beginning of the financial crisis in 2008. The crisis of the Italian labor market reached its peak in 2014, when 12.7 percent of the citizens were without a job. Since 2015, the situation has been improving; the unemployment rate started a steady decrease, which continued in the following years, reaching 7.6 percent in 2023.Unemployment in the EU In August 2023, Italy ranked fifth among the European Union member states with the highest unemployment rate. In Spain, more than eleven percent of all potential employees did not have any occupation.

Italy Residential Property Yield: Average: Venice Lagoon data was reported at 4.241 % in 2022. This records an increase from the previous number of 4.215 % for 2021. Italy Residential Property Yield: Average: Venice Lagoon data is updated yearly, averaging 4.144 % from Dec 2008 (Median) to 2022, with 15 observations. The data reached an all-time high of 4.304 % in 2018 and a record low of 3.814 % in 2009. Italy Residential Property Yield: Average: Venice Lagoon data remains active status in CEIC and is reported by Nomisma. The data is categorized under Global Database’s Italy – Table IT.EB005: Residential Property Yield.

After entering Italy, the coronavirus (COVID-19) spread fast. The strict lockdown implemented by the government during the Spring 2020 helped to slow down the outbreak. However, the country had to face four new harsh waves of contagion. As of January 1, 2025, the total number of cases reported by the authorities reached over 26.9 million. The north of the country was mostly hit, and the region with the highest number of cases was Lombardy, which registered almost 4.4 million of them. The north-eastern region of Veneto and the southern region of Campania followed in the list. When adjusting these figures for the population size of each region, however, the picture changed, with the region of Veneto being the area where the virus had the highest relative incidence. Coronavirus in Italy Italy has been among the countries most impacted by the coronavirus outbreak. Moreover, the number of deaths due to coronavirus recorded in Italy is significantly high, making it one of the countries with the highest fatality rates worldwide, especially in the first stages of the pandemic. In particular, a very high mortality rate was recorded among patients aged 80 years or older. Impact on the economy The lockdown imposed during the Spring 2020, and other measures taken in the following months to contain the pandemic, forced many businesses to shut their doors and caused industrial production to slow down significantly. As a result, consumption fell, with the sectors most severely hit being hospitality and tourism, air transport, and automotive. Several predictions about the evolution of the global economy were published at the beginning of the pandemic, based on different scenarios about the development of the pandemic. According to the official results, it appeared that the coronavirus outbreak had caused Italy’s GDP to shrink by approximately nine percent in 2020.

Italy Port Congestion: Calls: Venice: Wet Bulk data was reported at 11.000 Unit in 28 Apr 2025. This records an increase from the previous number of 7.000 Unit for 21 Apr 2025. Italy Port Congestion: Calls: Venice: Wet Bulk data is updated weekly, averaging 8.000 Unit from Jan 2022 (Median) to 28 Apr 2025, with 169 observations. The data reached an all-time high of 16.000 Unit in 11 Mar 2024 and a record low of 1.000 Unit in 14 Feb 2022. Italy Port Congestion: Calls: Venice: Wet Bulk data remains active status in CEIC and is reported by Marine Traffic. The data is categorized under Global Database’s Italy – Table IT.MT.PCN: Port Congestion: Calls: by Port and Vessel Type.

Italy Residential Property Price: Average: Venice Land data was reported at 1,300.111 EUR/sq m in 2022. This records a decrease from the previous number of 1,303.590 EUR/sq m for 2021. Italy Residential Property Price: Average: Venice Land data is updated yearly, averaging 1,403.247 EUR/sq m from Dec 2008 (Median) to 2022, with 15 observations. The data reached an all-time high of 1,930.835 EUR/sq m in 2008 and a record low of 1,291.416 EUR/sq m in 2020. Italy Residential Property Price: Average: Venice Land data remains active status in CEIC and is reported by Nomisma. The data is categorized under Global Database’s Italy – Table IT.EB003: Residential Property Price.

Italy Port Congestion: Calls: Venice: All data was reported at 44.000 Unit in 28 Apr 2025. This records an increase from the previous number of 34.000 Unit for 21 Apr 2025. Italy Port Congestion: Calls: Venice: All data is updated weekly, averaging 40.000 Unit from Jan 2022 (Median) to 28 Apr 2025, with 170 observations. The data reached an all-time high of 71.000 Unit in 24 Feb 2025 and a record low of 3.000 Unit in 14 Feb 2022. Italy Port Congestion: Calls: Venice: All data remains active status in CEIC and is reported by Marine Traffic. The data is categorized under Global Database’s Italy – Table IT.MT.PCN: Port Congestion: Calls: by Port and Vessel Type.

Italy Port Congestion: Anchorage Stay Duration: Venice: Ro/Ro data was reported at 1.200 Day in 06 Jan 2025. This records an increase from the previous number of 0.300 Day for 09 Dec 2024. Italy Port Congestion: Anchorage Stay Duration: Venice: Ro/Ro data is updated weekly, averaging 0.600 Day from Feb 2022 (Median) to 06 Jan 2025, with 21 observations. The data reached an all-time high of 2.000 Day in 22 Apr 2024 and a record low of 0.100 Day in 25 Sep 2023. Italy Port Congestion: Anchorage Stay Duration: Venice: Ro/Ro data remains active status in CEIC and is reported by Marine Traffic. The data is categorized under Global Database’s Italy – Table IT.MT.PCN: Port Congestion: Anchorage Stay Duration: by Port and Vessel Type.

Italy Residential Property Rent: Average: Venice Lagoon data was reported at 130.844 EUR/sq m in 2022. This records an increase from the previous number of 127.903 EUR/sq m for 2021. Italy Residential Property Rent: Average: Venice Lagoon data is updated yearly, averaging 129.969 EUR/sq m from Dec 2008 (Median) to 2022, with 15 observations. The data reached an all-time high of 158.393 EUR/sq m in 2008 and a record low of 126.031 EUR/sq m in 2019. Italy Residential Property Rent: Average: Venice Lagoon data remains active status in CEIC and is reported by Nomisma. The data is categorized under Global Database’s Italy – Table IT.EB004: Residential Property Rent.