Economy, jobs and prices in Verbano-Cusio-Ossola (Piedmont, Italy): official figures
GDP per person was 30,100 purchasing power standards (PPS) in 2023, 78% of the EU average (98% for Italy); 71st highest of 107 provinces in Italy.
How big is the economy of Verbano-Cusio-Ossola?
The local economy produced €4.5 billion of output (GDP) in 2023.
Source: Eurostat · saved copyHow many people work in Verbano-Cusio-Ossola?
About 58,400 people worked in Verbano-Cusio-Ossola in 2023 (employment by place of work).
Source: Eurostat · saved copyWhat is the employment rate in Verbano-Cusio-Ossola?
The employment rate for people aged 20 to 64 in Verbano-Cusio-Ossola was 75.4% in 2024 (68.6% for women), above the national figure of 67.1% and 24th highest among provinces.
Source: Istat (Istituto Nazionale di Statistica) · saved copyWhat is the average income in Verbano-Cusio-Ossola?
Households in Verbano-Cusio-Ossola had €21,077 of disposable income per person in 2023 (50th lowest in Italy).
Source: Istat (Istituto Nazionale di Statistica) · saved copyWhat is the average salary in Verbano-Cusio-Ossola?
Private-sector employees (outside farming) in Verbano-Cusio-Ossola earned an average of €20,722 gross a year in 2023, against €23,630 nationally; that is 52nd lowest of 107 provinces.
Source: Istat (Istituto Nazionale di Statistica) · saved copyWhat is the average pension in Verbano-Cusio-Ossola?
Pensioners in Verbano-Cusio-Ossola received an average of €20,850 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 Verbano-Cusio-Ossola?
Taxpayers in Verbano-Cusio-Ossola declared an average income of €24,333 for 2024, 49th lowest among the 107 provinces; 117,127 returns were filed (national average €25,816).
Source: Ministero dell'Economia e delle Finanze, Dipartimento delle Finanze · saved copyHow many high earners live in Verbano-Cusio-Ossola?
4.4% of taxpayers in Verbano-Cusio-Ossola declared more than €55,000 for 2024 and 0.33% 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 Verbano-Cusio-Ossola?
The largest part of the economy of Verbano-Cusio-Ossola in 2023 was finance, property and business services, at 27.5% of gross value added, followed by trade, transport, hospitality and communications (24.5%).
Source: Eurostat · saved copyHow industrial is Verbano-Cusio-Ossola?
Industry (manufacturing, mining and energy) made up 18.6% of output in 2023, against 20.3% for Italy.
Source: Eurostat · saved copyHow fast is the economy of Verbano-Cusio-Ossola growing?
Gross value added rose from €3.3 billion in 2015 to €4.0 billion in 2023 in current prices, an increase of 21% before inflation.
Source: Eurostat · saved copyWhat jobs do people do in Verbano-Cusio-Ossola?
Of the 58,400 jobs located in Verbano-Cusio-Ossola in 2023, 30% in public services, education, health and other services, 16% in industry and 1.2% in farming, forestry and fishing.
Source: Eurostat · saved copyAre jobs growing in Verbano-Cusio-Ossola?
The number of people working in Verbano-Cusio-Ossola fell by 1.7% between 2015 and 2023, to 58,400.
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 Verbano-Cusio-Ossola was 7.4% in 2024, below the national figure of 13.3%. Source: Istat (Istituto Nazionale di Statistica) · saved copy
- Among young people aged 15 to 29 in Verbano-Cusio-Ossola, 40.9% were employed in 2024 and the youth non-participation rate was 17.2% (national figures: 34.4% and 25.7%). Source: Istat (Istituto Nazionale di Statistica) · saved copy
- Employees in Verbano-Cusio-Ossola were paid for 77.2% 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 4.7 fatal or permanently disabling workplace accidents per 10,000 workers in Verbano-Cusio-Ossola in 2022 (below the national figure of 11.0). Source: Istat (Istituto Nazionale di Statistica) · saved copy
- In 2024, 49% of taxpayers in Verbano-Cusio-Ossola declared employment income (average €23,057) and 39% declared pension income (average €20,748). Source: Ministero dell'Economia e delle Finanze, Dipartimento delle Finanze · saved copy
How Verbano-Cusio-Ossola compares with other provinces in Italy
Disposable household income per person (€) (2023)
Verbano-Cusio-Ossola ranks 58 of 107, highest first.
| Rank | Area | Disposable household income per person (€) |
|---|---|---|
| 55 | Cremona | €21,278 |
| 56 | Ancona | €21,270 |
| 57 | La Spezia | €21,205 |
| 58 | Verbano-Cusio-Ossola | €21,077 |
| 59 | Pistoia | €21,072 |
| 60 | Pescara | €21,065 |
| 61 | Imperia | €21,051 |
Average gross annual pay, private-sector employees (€) (2023)
Verbano-Cusio-Ossola ranks 56 of 107, highest first.
| Rank | Area | Average gross annual pay, private-sector employees (€) |
|---|---|---|
| 53 | Terni | €20,923 |
| 54 | Massa-Carrara | €20,917 |
| 55 | Chieti | €20,779 |
| 56 | Verbano-Cusio-Ossola | €20,722 |
| 57 | Livorno | €20,404 |
| 58 | Frosinone | €20,333 |
| 59 | Cagliari | €20,230 |
Average declared income per taxpayer (€) (2024)
Verbano-Cusio-Ossola ranks 59 of 107, highest first.
| Rank | Area | Average declared income per taxpayer (€) |
|---|---|---|
| 56 | Massa-Carrara | €24,711 |
| 57 | Pistoia | €24,469 |
| 58 | Terni | €24,366 |
| 59 | Verbano-Cusio-Ossola | €24,333 |
| 60 | Macerata | €24,312 |
| 61 | Rovigo | €23,920 |
| 62 | Rimini | €23,730 |
Employment rate, ages 20-64 (%) (2024)
Verbano-Cusio-Ossola ranks 24 of 107, highest first.
| Rank | Area | Employment rate, ages 20-64 (%) |
|---|---|---|
| 21 | Forlì-Cesena | 75.8% |
| 22 | Udine | 75.8% |
| 23 | Cremona | 75.4% |
| 24 | Verbano-Cusio-Ossola | 75.4% |
| 25 | Treviso | 75.2% |
| 26 | Modena | 74.9% |
| 27 | Ravenna | 74.9% |
Share of output from industry (manufacturing, mining and energy) (2023)
Verbano-Cusio-Ossola ranks 59 of 107, highest first.
| Rank | Area | Share of output from industry (manufacturing, mining and energy) |
|---|---|---|
| 56 | Savona | 19.2% |
| 57 | Avellino | 18.7% |
| 58 | Venezia | 18.7% |
| 59 | Verbano-Cusio-Ossola | 18.6% |
| 60 | Trento | 18.1% |
| 61 | La Spezia | 17.6% |
| 62 | Campobasso | 16.5% |
Share of output from finance, property and business services (2023)
Verbano-Cusio-Ossola ranks 34 of 107, highest first.
| Rank | Area | Share of output from finance, property and business services |
|---|---|---|
| 31 | Sassari | 27.9% |
| 32 | Cosenza | 27.8% |
| 33 | Valle d’Aosta/Vallée d’Aoste | 27.7% |
| 34 | Verbano-Cusio-Ossola | 27.5% |
| 35 | Massa-Carrara | 27.5% |
| 36 | Rieti | 27.3% |
| 37 | Ascoli Piceno | 27.3% |
Share of output from public administration, education, health and other services (2023)
Verbano-Cusio-Ossola ranks 48 of 107, highest first.
| Rank | Area | Share of output from public administration, education, health and other services |
|---|---|---|
| 45 | Gorizia | 22.3% |
| 46 | Terni | 22.1% |
| 47 | Livorno | 22.0% |
| 48 | Verbano-Cusio-Ossola | 21.5% |
| 49 | Ancona | 21.0% |
| 50 | Udine | 20.9% |
| 51 | Latina | 20.9% |
More on Verbano-Cusio-Ossola: overview · health · education and schools · poverty and living standards · government budget · government and politics · Piedmont · 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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