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Economic structure

The Modenese province is a strongly developed area, whose per capita income is at the top of the list of the most advanced Italian and European provinces, as the well-known German Länder or some Scandinavian regions. The industrialization process of the Modenese areas and northeast Italy is the element that has mainly encouraged the economic growth of the so-called “Third Italy”.
Besides the per capita income, the Modenese economy is characterized by high number of medium and small concerns, high employment rate and numerous international exchanges.
The territory counts about 650,000 inhabitants and more than 67,000 companies. There is approximately a company every 10 inhabitants, representing one of the highest indexes in Europe.
In fact, the Modenese companies have a strong international feeling, for example their foreign earnings amount to 8,4 billions of Euros. The sectors that mainly export their products are: the mechanical, with the means of transport (45,0%), the ceramic (23,3%), and the textile with clothes (8,7%).
The Modenese products reach countries nearly all over the world, especially the European Union and the United States.
Today, this strong productive system faces the new challenges of market globalization and the international increasing competition. These kinds of factor are present not only in the competitive ability of each company, but also in the relation system among them, in their connection with the territory and the institutions involved. The evolution towards organizational and more complex orders has created a considerable growth in service demand. Thus, a strong and dynamic Tertiary sustains the Modenese economy, which is manufacture-oriented. The activities involved are: accounting, commercial and financial services, software and ICT, managerial and engineering consulting and communication.
This sector, together with a quick development of companies providing services for people, has determined a speed-up of the tertiary process of the provincial economy.
Public actions support the internatonalization process, the companies’ technology research, the strengthening of associations for commercial credit, the professional education, and the introduction of special areas for locating the growing productive unities.

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