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As an advanced economy the country also has the sixth worldwide national wealth and it is ranked third for its central bank gold reserve.Italy has a very high level of human development and it is sixth in the world for life expectancy.

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During the Early Middle Ages, Italy suffered sociopolitical collapse amid calamitous barbarian invasions, but by the 11th century, numerous rival city-states and maritime republics rose to great prosperity through shipping, commerce and banking, laying down the groundwork for modern capitalism.(116,347 sq mi) and has a largely temperate seasonal and Mediterranean climate.With around 61 million inhabitants it is the fourth most populous EU member state.The Ancient peoples of pre-Roman Italy – such as the Umbrians, the Latins (from which the Romans emerged), Volsci, Oscans, Samnites, Sabines, the Celts, the Ligures, and many others – were Indo-European peoples; the main historic peoples of possible non-Indo-European heritage include the Etruscans, the Elymians and Sicani in Sicily and the prehistoric Sardinians, which includes the Nuragic civilisation.Other ancient Italian peoples of undetermined language families but of possible non-Indo-European origins include the Rhaetian people and Cammuni, known for their rock carvings.

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