Rilasciato il / Released on 19 January 2016 Questo booklet è stato chiuso con le informazioni disponibili il 31 dicembre 2015 This booklet has been draft with information available on December 31, 2015 2
Contents 1. Italy and Lombardy: perception and reality 5 Italian public debt: 132.3% of GDP but only 68% of household net financial assets Italian primary surplus: the highest cumulated value Explicit and implicit debt: Italy «tops» the EU sustainability ranking Italian manufacturing export performance 2000-2015 Italian manufacturing sector in global rankings 2. Lombardy and Milan: business structures 11 The leading Italian Region: in 2015, 22% of the Italian GDP Lombardy in comparison: the leading Italian Region in terms of manufacturing gross value added 250 medium-sized enterprises of manufacturing sector are located in Milan, 1,000 are located in Lombardy 123 large enterprises in Milan Milan as prime location for multinationals operating in Italy: over 3,000 Over 12,000 knowledge-intensive startups born in Lombardy (2007-2013) Export: Lombardy vs other European Region Export: main commercial partners of Lombardy Openness to international trade: overtaking the German Länder also worthy of mention: the importance of export % over total turnover 3
Contents 3. Lombardy and Milan: their strengths 22 R&D investments made by businesses in Lombardy: aligned to the German Länder Research and innovation Innovation: the role of Lombardy in Italy Strong presence of public and private high quality research centers University: high concentration (13) and international attractiveness Universities: Politecnico of Milano and Bocconi as examples of excellence Lombardy is a driver of Italian creativity Labour market: a better performance vs the Italian average Labour market: high female employment rate What makes Lombardy and Milan a knowledge hub? Milan S.T.E.A.M. city 4
1. Italy and Lombardy: perception and reality
68 132.3 Italy and Lombardy: perception and reality Italian public debt: 132.3% of GDP but only 68% of household net financial assets Public debt as percentage of GDP - 2015 Public debt as percentage of household net financial assets (*) - 2015 200 250 150 200 100 150 100 50 50 0 FI NL DE IE AT UK FR ES BE PT IT EL 0 NL UK BE DE FR AT IT ES FI IE PT EL (*) Financial assets held by households include: currency and deposits, securities other than shares, loans, shares and other equity, net equity of households in life insurance reserves, net equity of households in pension funds, prepayments of premiums and reserves against outstanding claims Source: Tableau de bord Assolombarda Confindustria Milano Monza e Brianza on Eurostat data 6
Italy and Lombardy: perception and reality Italian primary surplus: the highest cumulated value Cumulated primary balances (current values billions of euro) 800 600 400 200 0-200 -400-600 -800 651 307-258 -393-618 Germany France Italy UK Spain Source: Tableau de bord Assolombarda Confindustria Milano Monza e Brianza on Eurostat data 7
57 63 95 102 109 144 149 190 209 221 263 273 279 291 298 320 386 390 391 392 404 266 455 498 545 579 592 984 1,171 Italy and Lombardy: perception and reality Explicit and implicit debt: Italy «tops» the EU sustainability ranking EU Sustainability Ranking - 2015 (explicit and implicit debt as % of GDP) 1400 1200 Explicit debt Implicit debt 1000 800 600 400 200 0-200 Source: Tableau de bord Assolombarda Confindustria Milano Monza e Brianza on Stiftung Marktwirtschaft data 8
Italy and Lombardy: perception and reality Italian manufacturing export performance 2000-2015 Italian manufacturing export (billions of euro) Export record level 253 264 260 253 272 286 317 348 351 277 323 360 374 374 383 395 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Source: Tableau de bord Assolombarda Confindustria Milano Monza e Brianza on Istat data 9
Italy and Lombardy: perception and reality Italian manufacturing sector in global rankings Manufacturing trade surplus - 2015 (US billion dollar) Share (%) of global manufacturing value added - 2015 (%, current prices, US dollar) 1,062 28.6% 362 202 175 5 th world place 104 19.0% 6.5% 6.1% 7 th world place 3.0% 3.0% 2.3% China Germany Korea Japan Italy China USA Japan Germany Korea India Italy Source: Tableau de bord Assolombarda Confindustria Milano Monza e Brianza on WTO and CSC data 10
2. Lombardy and Milan: business structures
Lombardy and Milan: business structures The leading Italian Region: in 2015, 22% of the Italian GDP Area (square Km) Population (1/1/2016) Workforce (thousand, 2015) GDP (nominal, millions euro, 2015) Value Added (per capita, 2015) Enterprises (2014) R&D expenditure (millions euro, 2014) Import (millions euro, 2015) Export (millions euro, 2015) Lombardy Italy Share 23,864 302,073 7.9% 10,008,349 60,665,551 16.5% 4,620 25,498 18.1% 359,047 1,642,444 21.9% 32,004 24,288-807,466 4,359,087 18.5% 4,625 22,291 20.8% 116,162 370,484 31.4% 111,341 412,291 27.0% Gross Domestic Product % - 2015 Rest of Italy 78% Value Added per capita - 2015 (euros) (*) 2014 44,839 32,004 Milan* 10% Lombardy 22% 24,288 Milan* Lombardy Italy Source: Tableau de bord Assolombarda Confindustria Milano Monza e Brianza on Istat data 12
Lombardy and Milan: business structures Lombardy in comparison: the leading Italian Region in terms of manufacturing gross value added Lombardy workforce by business sector - 2014 Gross value added at basic prices by region - 2013 (Manufacturing, billions of euro) Other 37.4% Manufacturing 25.7% Information and communication 3.9% Real Estate activities 2.0% Professional, scientific and technical activities 8.4% 121 120 62 30 30 28 28 21 Trade 18.3% Financial and Insurance activities 4.2% Source: Tableau de bord Assolombarda Confindustria Milano Monza e Brianza on Istat and Eurostat data 13
Lombardy and Milan: business structures 250 medium-sized enterprises of manufacturing sector are located in Milan, 1,000 are located in Lombardy Number of medium-sized manufacturing companies, with a workforce comprised between 50 and 499 employees, sales volume between 15 and 330 million euros (excluding subsidiaries of large corporations or those under foreign control) In Milan 7% and in Lombardy 31% of the 3,000* medium-sized enterprises active in Italy * Italian medium-sized manufacturing companies account for approximately 15% of the domestic manufacturing value added and of Italian exports Source: Tableau de bord Assolombarda Confindustria Milano Monza e Brianza on Mediobanca Unioncamere data 14
% Turnover Lombardy and Milan: business structures 123 large enterprises in Milan Other Finance, insurance, real estate Information and communication Trade and transport Construction 100% 80% 60% 40% 20% 0% 2 4 5 4 5 5 6 5 2 13 12 22 19 29 16 2 1 32 10 30 9 4 2 14 12 3 29 4 10 26 78 72 Prevalence in manufacturing 61 57 51 51 Prevalence in services Manufacturing Stuttgart Glasgow Turin Barcelona Milan Munich Lione Amsterdam Manchester and energy 28 7 13 25 123 61 11 44 8 Numer of enterprises with turnover> 1bln 42 30 19 30 51 12 6 Source: Tableau de bord Assolombarda Confindustria Milano Monza e Brianza on BCG data 15
Lombardy and Milan: business structures Milan as prime location for multinationals operating in Italy: over 3,000 Foreign multinational enterprises Over 3,000 foreign multinational enterprises are located in Milan (34% of those active in Italy) with 289,000 employees and 169 billion turnover Source: Tableau de bord Assolombarda Confindustria Milano Monza e Brianza on Milan Chamber of Commerce data 16
Lombardy and Milan: business structures Over 12,000 knowledge-intensive startups born in Lombardy (2007-2013) 12,121 knowledge-intensive startups - out of 52,675 located in Italy - born in Lombardy (2007-2013) Science-based industry Arts, culture and creative activities Machinery and special tools Engineering & architectural services and R&D Software Advisory services 3.2% 2.7% 0.7% 1.2% 2.6% 7.0% 7.5% 6.9% 9.5% 7.2% 7.2% 18.4% 12.0% 5.7% 14.7% 25.5% 25.9% 32.3% 13.5% 23.9% 26.6% 25.6% 14.9% 19.5% 22.7% 28.2% 31.2% 38.0% 41.6% 24.1% Baden-Württemberg Bayern Rhône-Alpes Cataluña Lombardy Source: Tableau de bord Assolombarda Confindustria Milano Monza e Brianza and Politecnico of Milano data 17
53 42 49 55 55 53 53 56 51 41 49 55 59 59 60 64 104 82 94 104 108 108 110 111 123 149 153 172 175 173 181 196 154 122 144 160 165 166 169 178 Lombardy and Milan: business structures Export: Lombardy vs other European Regions Export (billions of euro) Lombardia Baden-W. Bayern Auvergne-Rhône-Alpes Cataluña 2008 2009 2010 2011 2012 2013 2014 2015 Source: Tableau de bord Assolombarda Confindustria Milano Monza e Brianza on Istat, Destatis, Idescat, Douanes et droits indirects data 18
Lombardy and Milan: business structures Export: main commercial partners of Lombardy Main Commercial partners: the case of Lombardy - 2015 (millions of euro) Repositioning on Extra-EU markets: the case of Milan - 2015 Export 2015 % change 2015-2008 1 Germany 14,825 3.8% 2 France 11,257-7.6% 50 40 35.9 Export Milan (billions of euro) World EU-28 37.0 3 USA 8,240 40.2% 4 Switzerland 6,411 28.1% 5 Spain 5,884-9.1% 6 United Kingdom 5,319 12.5% 7 China 3,421 42.4% 8 Poland 2,952 12.4% 9 Netherlands 2,750 4.8% 10 Turkey 2,659 30.3% 30 20 10 0 45% 61% 55% 39% Source: Tableau de bord Assolombarda Confindustria Milano Monza e Brianza on Istat data 19
extra-ue extra-ue extra-ue extra-ue extra-ue Lombardy and Milan: business structures Openness to international trade: overtaking the German Länder Manufacturing exporting firms - 2013 (% of firms) 68.7% 63.2% 47.3% 45.7% 40.7% 38.8% 52.7% 41.5% 50.5% 46.8% Baden-Württemberg Bayern Rhône-Alpes Cataluña Lombardy Source: Tableau de bord Assolombarda Confindustria Milano Monza e Brianza on Assolombarda Confindustria Milano Monza e Brianza, The performance of European firms: a benchmark analysis 20
extra-ue extra-ue extra-ue extra-ue extra-ue Lombardy and Milan: business structures also worthy of mention: the importance of export % over total turnover Export turnover of manufacturing firms 2013 (% over total turnover) 33.3% 39.8% 27.6% 23.5% 25.8% 14.1% 12.6% 8.1% 8.9% 12.7% Baden-Württemberg Bayern Rhône-Alpes Cataluña Lombardy Source: Tableau de bord Assolombarda Confindustria Milano Monza e Brianza on Assolombarda Confindustria Milano Monza e Brianza, The performance of European firms: a benchmark analysis 21
3. Lombardy and Milan: their strengths
Lombardy and Milan: their strengths R&D investments made by businesses in Lombardy: aligned to the German Länder R&D activity in manufacturing 2011-2013 (% of firms) 53.7% 40.2% 39.2% 39.3% 28.4% Baden-Württemberg Bayern Rhône-Alpes Cataluña Lombardy Source: Tableau de bord Assolombarda Confindustria Milano Monza e Brianza on Assolombarda Confindustria Milano Monza e Brianza, The performance of European firms: a benchmark analysis 23
Lombardy and Milan: their strengths Research and innovation S.T.E.A.M highly cited articles per million inhabitants Patents per million inhabitants 29 23 41 27 21 502 472 566 548 13 14 13 11 10 143 146 66 70 115 129 2007 2014 2007 2014 2007 2014 2007 2014 2007 2014 Baden-W. Bayern Rhône- Alpes Cataluña Lombardy 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 Baden-W. Bayern Auvergne - Rhône- Alpes Cataluña Lombardy Source: Tableau de bord Assolombarda Confindustria Milano Monza e Brianza, Politecnico of Milano and CRIOS Bocconi 24
Lombardy and Milan: their strengths Innovation: the role of Lombardy in Italy 16% population 27% knowledge-intensive high-growth startups \ 28% high-impact scientific publications 30% patents Source: Tableau de bord Assolombarda Confindustria Milano Monza e Brianza on Istat data, Politecnico of Milano, CRIOS Bocconi 25
Lombardy and Milan: their strengths Strong presence of public and private high quality research centers 13 Universities 3 sections of Italian National Institute for Nuclear Physics and one European Joint Research Center 1 Institute for Advanced Study 12 CNR (National Research Council) Institutes and 18 territorial sections of CNR Institutes 19 Institutes for Treatment and Research Source: Tableau de bord Assolombarda Confindustria Milano Monza e Brianza on CNR data 26
Lombardy and Milan: their strengths University: high concentration (13) and international attractiveness In Lombardy 270,000 university students Just under 13,000 international university students (of which almost 10,000 in Milan) equal to 5% of the total number of students This figure is 10% in France 7% in Germany 2% in Spain Source: Tableau de bord Assolombarda Confindustria Milano Monza e Brianza on Miur, OECD and Assolombarda Confindustria Milano Monza e Brianza data 27
Harvard University London Business School INSEAD Stanford University University of Pennsylvania MIT University of Cambrige University of Oxford London School of Economics end Political Science Bocconi University Lombardy and Milan: their strengths Universities: Politecnico of Milano and Bocconi as examples of excellence Engineering and Technology: Ranking by faculty (2015) Business & Management Studies: Ranking by subject (2016) University 1 Massachusetts Institute of Technology (MIT) 2 Stanford University 3 University of Cambridge 4 National University of Singapore (NUS) 5 ETH Zurich - Swiss Federal Institute of Technology 6 Nanyang Technological University, Singapore (NTU) 7 Imperial College London 8 University of California, Berkeley (UCB) 9 University of Oxford 10 Harvard University 11 Tsinghua University 12 The University of Tokyo 13 KAIST - Korea Advanced Institute of Science & Technology 14 The Hong Kong University of Science and Technology 15 Seoul National University 16 California Institute of Technology (Caltech) 17 EPFL (Ecole Polytechnique Fédérale de Lausanne) 18 The University of Melbourne 19 Delft University of Technology 20 Georgia Institute of Technology 21 The University of New South Wales (UNSW Australia) 22 Tokyo Institute of Technology 23 University of California, Los Angeles (UCLA) Politecnico of Milano 24 Princeton University 1 2 3 4 5 6 7 8 9 10 Source: Tableau de bord Assolombarda Confindustria Milano Monza e Brianza on QS Ranking data 28
Lombardy and Milan: their strengths Lombardy is a driver of Italian creativity Number of employees of creative industries by region (2013) Lombardy tops the ranking of Italian regions and is also a leader at European level regarding workforce employed in creative industries 19% of Italian cultural businesses 26% of Italian value added cultural businesses 300,000 jobs provided by the sector of culture In Lombardy between 2007 and 2013, almost 1,500 knowledge-intensive startup were born in the arts, culture and creative industry sectors Source: Tableau de bord Assolombarda Confindustria Milano Monza e Brianza on Symbola data, Assolombarda Confindustria Milano Monza e Brianza, Politecnico of Milano, Booklet Startup, European Cluster Observatory data 29
Lombardy and Milan: their strengths Labour market: a better performance vs the Italian average Unemployment rate Employment rate Euro Area Germany Lombardy Italy 11.2 11.9 9.1 10.9 7.9 7.7 4.1 4.6 Euro Area Germany Lombardy Italy 74.0 65.5 65.5 65.1 63.5 64.5 56.3 57.6 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Source: Tableau de bord Assolombarda Confindustria Milano Monza e Brianza on Istat and Eurostat data 30
Lombardy and Milan: their strengths Labour market: high female employment rate Female employment rate Euro Area Germany Lombardy Italy 69.9 In Lombardy the female employment rate is aligned to the objectives stipulated by Lisbon 2010, thanks to: 59.6 55.5 55.2 45.4 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 59.4 57.2 47.2 2015 more opportunities for women to reach relevant positions/roles in their firms diffusion of part-time contracts (25% among working women) welfare initiatives both by large private companies and public institutions (78% of municipalities provide services for children, such as kindergarten). Source: Tableau de bord Assolombarda Confindustria Milano Monza e Brianza on Istat and Eurostat data 31
Lombardy and Milan: their strengths What makes Lombardy and Milan a knowledge hub? Because here you find: a multi-sectorial economic system, with a core manufacturing sector integrated with a highly developed service sector (especially in Milan); a virtuos network of small and medium enterprises well integrated with large enterprises and multinational companies; the concentration of 13 long-standing and prestigious universities, closely connected to the entrepreneurial system; a strong specialization in knowledge-intensive sectors and the availability of high-skilled human capital. 32
Lombardy and Milan: their strengths Milan S.T.E.A.M. city STEAM as an acronym of Science, Technology, Engineering & Environment, Arts, Manufacturing Capitale economico Science Technology Engineering&Environment Arts Manufacturing Capitale scientifico 33
Lombardy and Milan: their strengths Milan S.T.E.A.M. city The strength of Milan originates from the unique and distinctive blend of four assets: dynamic and supportive social capital rich and diversified economic capital top-grade scientific capital widespread aesthetic capital, ranging from art to design and to craftsmanship 34
Lombardy and Milan: their strengths Milan S.T.E.A.M. city STEAM - our vision: 4 enablers, 3 strategic levers and 4 innovation pathways 4 enablers A simple and digital city A quick and accessible city Quality human capital An inclusive city 4 innovation pathways Life sciences Manufacturing 4.0 Art, culture e creativity Sustainable economy 3 strategic levers Innovation Startup Global outreach 35
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