Economy, jobs and prices in Teramo (Abruzzo, Italy): official figures
GDP per person was 32,000 purchasing power standards (PPS) in 2023, 83% of the EU average (98% for Italy); 61st highest of 107 provinces in Italy.
How big is the economy of Teramo?
The local economy produced €9.2 billion of output (GDP) in 2023.
Source: Eurostat · saved copyHow many people work in Teramo?
About 131,400 people worked in Teramo in 2023 (employment by place of work).
Source: Eurostat · saved copyWhat is the employment rate in Teramo?
The employment rate for people aged 20 to 64 in Teramo was 65.0% in 2024 (55.4% for women), below the national figure of 67.1% and 35th lowest among provinces.
Source: Istat (Istituto Nazionale di Statistica) · saved copyWhat is the average income in Teramo?
Households in Teramo had €20,332 of disposable income per person in 2023 (45th lowest in Italy).
Source: Istat (Istituto Nazionale di Statistica) · saved copyWhat is the average salary in Teramo?
Private-sector employees (outside farming) in Teramo earned an average of €18,194 gross a year in 2023, against €23,630 nationally; that is 31st lowest of 107 provinces.
Source: Istat (Istituto Nazionale di Statistica) · saved copyWhat is the average pension in Teramo?
Pensioners in Teramo received an average of €18,783 a year in pension income in 2023, compared with €21,737 across Italy.
Source: Istat (Istituto Nazionale di Statistica) · saved copyWhat is the average declared income in Teramo?
Taxpayers in Teramo declared an average income of €21,824 for 2024, 30th lowest among the 107 provinces; 226,199 returns were filed (national average €25,816).
Source: Ministero dell'Economia e delle Finanze, Dipartimento delle Finanze · saved copyHow many high earners live in Teramo?
3.1% of taxpayers in Teramo declared more than €55,000 for 2024 and 0.23% more than €120,000, compared with 5.9% and 0.87% nationally.
Source: Ministero dell'Economia e delle Finanze, Dipartimento delle Finanze · saved copyWhat is the main industry in Teramo?
The largest part of the economy of Teramo in 2023 was finance, property and business services, at 26.0% of gross value added, followed by industry (manufacturing, mining and energy) (24.0%).
Source: Eurostat · saved copyHow industrial is Teramo?
Industry (manufacturing, mining and energy) made up 24.0% of output in 2023, against 20.3% for Italy.
Source: Eurostat · saved copyHow fast is the economy of Teramo growing?
Gross value added rose from €6.2 billion in 2015 to €8.3 billion in 2023 in current prices, an increase of 33% before inflation.
Source: Eurostat · saved copyWhat jobs do people do in Teramo?
Of the 131,400 jobs located in Teramo in 2023, 25% in public services, education, health and other services, 23% in industry and 3.9% in farming, forestry and fishing.
Source: Eurostat · saved copyAre jobs growing in Teramo?
The number of people working in Teramo rose by 7.1% between 2015 and 2023, to 131,400.
Source: Eurostat · saved copyMore figures
- The labour non-participation rate (the unemployed plus people available to work but not looking, as a share of the labour force) in Teramo was 13.5% in 2024, above the national figure of 13.3%. Source: Istat (Istituto Nazionale di Statistica) · saved copy
- Among young people aged 15 to 29 in Teramo, 29.0% were employed in 2024 and the youth non-participation rate was 35.0% (national figures: 34.4% and 25.7%). Source: Istat (Istituto Nazionale di Statistica) · saved copy
- Employees in Teramo were paid for 73.2% of a full working year (312 days) on average in 2023, a measure of how stable jobs are (78.9% nationally). Source: Istat (Istituto Nazionale di Statistica) · saved copy
- There were 18.7 fatal or permanently disabling workplace accidents per 10,000 workers in Teramo in 2022 (above the national figure of 11.0). Source: Istat (Istituto Nazionale di Statistica) · saved copy
- In 2024, 57% of taxpayers in Teramo declared employment income (average €20,738) and 34% declared pension income (average €18,930). Source: Ministero dell'Economia e delle Finanze, Dipartimento delle Finanze · saved copy
How Teramo compares with other provinces in Italy
Disposable household income per person (€) (2023)
Teramo ranks 63 of 107, highest first.
| Rank | Area | Disposable household income per person (€) |
|---|---|---|
| 60 | Pescara | €21,065 |
| 61 | Imperia | €21,051 |
| 62 | Asti | €20,783 |
| 63 | Teramo | €20,332 |
| 64 | Massa-Carrara | €20,258 |
| 65 | Lodi | €20,091 |
| 66 | Bari | €20,029 |
Average gross annual pay, private-sector employees (€) (2023)
Teramo ranks 77 of 107, highest first.
| Rank | Area | Average gross annual pay, private-sector employees (€) |
|---|---|---|
| 74 | Catania | €18,303 |
| 75 | Siracusa | €18,227 |
| 76 | Taranto | €18,219 |
| 77 | Teramo | €18,194 |
| 78 | Avellino | €18,030 |
| 79 | Caltanissetta | €18,015 |
| 80 | Palermo | €17,911 |
Average declared income per taxpayer (€) (2024)
Teramo ranks 78 of 107, highest first.
| Rank | Area | Average declared income per taxpayer (€) |
|---|---|---|
| 75 | Frosinone | €21,992 |
| 76 | Latina | €21,971 |
| 77 | Chieti | €21,936 |
| 78 | Teramo | €21,824 |
| 79 | Catania | €21,240 |
| 80 | Messina | €21,166 |
| 81 | Taranto | €20,804 |
Employment rate, ages 20-64 (%) (2024)
Teramo ranks 73 of 107, highest first.
| Rank | Area | Employment rate, ages 20-64 (%) |
|---|---|---|
| 70 | Chieti | 66.6% |
| 71 | Isernia | 66.2% |
| 72 | Cagliari | 65.1% |
| 73 | Teramo | 65.0% |
| 74 | Ragusa | 64.6% |
| 75 | Bari | 63.4% |
| 76 | Frosinone | 62.8% |
Share of output from industry (manufacturing, mining and energy) (2023)
Teramo ranks 38 of 107, highest first.
| Rank | Area | Share of output from industry (manufacturing, mining and energy) |
|---|---|---|
| 35 | Udine | 24.9% |
| 36 | Forlì-Cesena | 24.9% |
| 37 | Lodi | 24.9% |
| 38 | Teramo | 24.0% |
| 39 | Ravenna | 23.7% |
| 40 | Torino | 23.3% |
| 41 | Sondrio | 23.0% |
Share of output from finance, property and business services (2023)
Teramo ranks 62 of 107, highest first.
| Rank | Area | Share of output from finance, property and business services |
|---|---|---|
| 59 | Messina | 26.2% |
| 60 | Latina | 26.2% |
| 61 | Padova | 26.2% |
| 62 | Teramo | 26.0% |
| 63 | Venezia | 25.9% |
| 64 | Pesaro e Urbino | 25.9% |
| 65 | Bari | 25.9% |
Share of output from public administration, education, health and other services (2023)
Teramo ranks 65 of 107, highest first.
| Rank | Area | Share of output from public administration, education, health and other services |
|---|---|---|
| 62 | Pordenone | 19.0% |
| 63 | Pavia | 19.0% |
| 64 | Genova | 18.7% |
| 65 | Teramo | 18.7% |
| 66 | Ascoli Piceno | 18.7% |
| 67 | Rovigo | 18.2% |
| 68 | Rimini | 17.9% |
More on Teramo: overview · health · education and schools · poverty and living standards · government budget · government and politics · Abruzzo · Italy
Sources
- Eurostat: Eurostat dataset nama_10r_3gdp: GDP per person, PPS (NUTS 3), read 23 October 2026 · saved copy (SHA-256 3bf0fc662f56…)
- Eurostat: Eurostat dataset nama_10r_3gdp: GDP, million euros (NUTS 3), read 23 October 2026 · saved copy (SHA-256 096e15e5fdb3…)
- Eurostat: Eurostat dataset nama_10r_3empers: Employment, thousand people (NUTS 3), read 23 October 2026 · saved copy (SHA-256 664e4e3a6dc0…)
- Eurostat: Eurostat dataset nama_10r_3empers: Employment (thousand persons) by NUTS 3 region and industry, read 23 October 2026 · saved copy (SHA-256 222a97c302d3…)
- Istat (Istituto Nazionale di Statistica): BES dei territori, edizione 2025: well-being indicators for the 107 provinces and metropolitan cities (Indicatori_per_provincia_sesso_ed.2025.xlsx), read 23 October 2026 · saved copy (SHA-256 90f90043ad3d…)
- Ministero dell'Economia e delle Finanze, Dipartimento delle Finanze: Redditi e principali variabili IRPEF su base comunale, anno d'imposta 2024 (personal income tax returns by municipality), read 23 October 2026 · saved copy (SHA-256 75cecc95d72b…)
- Eurostat: Eurostat dataset nama_10r_3gva: Gross value added at basic prices by NUTS 3 region and industry, read 23 October 2026 · saved copy (SHA-256 c656e8563bdf…)
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