“Italy’s economic freedom score is 62.7, making its economy the 74th freest in the 2010 Index. Its overall score is 1.3 points higher than last year, reflecting modest improvements in trade freedom and investment freedom. Italy is ranked 35th out of 43 countries in the Europe region, and its score is slightly above the world average (…).
Italy’s overall economic freedom is curbed by ineffective public finance management, considerable corruption, and a high tax burden. Government spending remains over 45 percent of GDP. Reduction of the chronic budget deficit has proved difficult, and public debt still hovers around 105 percent of GDP” (continua).