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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.

GDP per person (PPS)
32,000
2023
People in work
131,400
2023

How big is the economy of Teramo?

The local economy produced €9.2 billion of output (GDP) in 2023.

Source: Eurostat · saved copy

How many people work in Teramo?

About 131,400 people worked in Teramo in 2023 (employment by place of work).

Source: Eurostat · saved copy

What 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 copy

What 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 copy

What 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 copy

What 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 copy

What 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 copy

How 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 copy

What 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 copy

How industrial is Teramo?

Industry (manufacturing, mining and energy) made up 24.0% of output in 2023, against 20.3% for Italy.

Source: Eurostat · saved copy

How 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 copy

What 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 copy

Are 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 copy

More figures

How Teramo compares with other provinces in Italy

Disposable household income per person (€) (2023)

Teramo ranks 63 of 107, highest first.

RankAreaDisposable household income per person (€)
60Pescara€21,065
61Imperia€21,051
62Asti€20,783
63Teramo€20,332
64Massa-Carrara€20,258
65Lodi€20,091
66Bari€20,029
Source: Istat (Istituto Nazionale di Statistica) · saved copy

Average gross annual pay, private-sector employees (€) (2023)

Teramo ranks 77 of 107, highest first.

RankAreaAverage gross annual pay, private-sector employees (€)
74Catania€18,303
75Siracusa€18,227
76Taranto€18,219
77Teramo€18,194
78Avellino€18,030
79Caltanissetta€18,015
80Palermo€17,911
Source: Istat (Istituto Nazionale di Statistica) · saved copy

Average declared income per taxpayer (€) (2024)

Teramo ranks 78 of 107, highest first.

RankAreaAverage declared income per taxpayer (€)
75Frosinone€21,992
76Latina€21,971
77Chieti€21,936
78Teramo€21,824
79Catania€21,240
80Messina€21,166
81Taranto€20,804
Source: Ministero dell'Economia e delle Finanze, Dipartimento delle Finanze · saved copy

Employment rate, ages 20-64 (%) (2024)

Teramo ranks 73 of 107, highest first.

RankAreaEmployment rate, ages 20-64 (%)
70Chieti66.6%
71Isernia66.2%
72Cagliari65.1%
73Teramo65.0%
74Ragusa64.6%
75Bari63.4%
76Frosinone62.8%
Source: Istat (Istituto Nazionale di Statistica) · saved copy

Share of output from industry (manufacturing, mining and energy) (2023)

Teramo ranks 38 of 107, highest first.

RankAreaShare of output from industry (manufacturing, mining and energy)
35Udine24.9%
36Forlì-Cesena24.9%
37Lodi24.9%
38Teramo24.0%
39Ravenna23.7%
40Torino23.3%
41Sondrio23.0%
Source: Eurostat · saved copy

Share of output from finance, property and business services (2023)

Teramo ranks 62 of 107, highest first.

RankAreaShare of output from finance, property and business services
59Messina26.2%
60Latina26.2%
61Padova26.2%
62Teramo26.0%
63Venezia25.9%
64Pesaro e Urbino25.9%
65Bari25.9%
Source: Eurostat · saved copy

Share of output from public administration, education, health and other services (2023)

Teramo ranks 65 of 107, highest first.

RankAreaShare of output from public administration, education, health and other services
62Pordenone19.0%
63Pavia19.0%
64Genova18.7%
65Teramo18.7%
66Ascoli Piceno18.7%
67Rovigo18.2%
68Rimini17.9%
Source: Eurostat · saved copy

More on Teramo: overview · health · education and schools · poverty and living standards · government budget · government and politics · Abruzzo · Italy

Sources

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