Industry revenue of business and other management consultancy activities in Italy 2011-2023

Italy, the Eurozone’s third largest economy, has shown strong resilience in the aftermath of the global economic meltdown to register sustained growth. The country caused a bit of turmoil in the European markets when it elected Giuseppe Conte as Prime Minister in 2018, who promised rapid growth at the expense of austerity measures put in place after the crisis. What has experts worried though is that adding additional debt to Italy’s already excessive pile, seems to be the only way to achieve these lofty targets and this may be detrimental to the country’s long-term growth.

Despite these geopolitical and financial tensions, the country’s management consulting market is expected to witness moderate growth, increasing from 17.2 billion U.S. dollars in 2018 to over 19 billion in 2023. Accenture, Kinetics Technology and Technip Italy were the top three companies in the country in terms of average return on investment (ROI) during 2015-2017. Even though the industry mainly consists of micro-sized firms who employ three people or less, large international consulting companies and mid-size boutiques are now increasing presence in the country.

Industry revenue of business and other management consultancy activities in Italy from 2011 to 2023

Revenue in billion U.S. Dollars
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Sources

Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

Currency conversion factor: (EUR -> USD) = 1.186

The industry classification is based on the NACE Rev.2 - system in Italy. The industry “business and other management consultancy activities“ has the code “M7022“.

Details on the methodology can be found here.

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