NUTS-3 ITC12 · Italy
Population
165,9102025
GDP
€5,630M2023
Unemployment· NUTS-2 source
6%2025
Employment· NUTS-2 source
74.3%2025
Active firms· FR-only
—
Cadastral parcels· FR-only
—
Area
2,078.3 km²
TerraSight · Compare
2 regions side-by-side
ITC12 · ITG2E
Decision brief
Download brief (PDF)mandate-neutral · ranked by overall opportunity
Best overall fit: Vercelli (Opportunity 48). Runner-up: Nuoro (31). Contrarian pick: Nuoro — leads the set on Cost advantage (EU pctl 67).
#1Vercelli
Strengths
Industrial base (87) · Freight intensity (80)
Red flags
Air quality (EU bottom 15%)
Long-run slide: down 21 EU ranks in real GDP per head since 1995 (relative decline, not absolute)
#2Nuoro
Strengths
Cost advantage (67) · Energy cost (46)
Red flags
Labour market (EU bottom 15%)
Freight intensity (EU bottom 15%)
Industrial base (EU bottom 15%)
Why you might not pick Vercelli
Air quality (EU bottom 15%); Long-run slide: down 21 EU ranks in real GDP per head since 1995 (relative decline, not absolute). Its weakest dimension is Air quality (EU pctl 9) — Nuoro may suit a mandate that weights that higher.
How robust is this recommendation?
The leader depends on the mandate: Logistics → Vercelli · Manufacturing → Vercelli · Office → Vercelli · Residential → Nuoro.
Phase-2 diligence checklist
- Site-level grid connection capacity and power pricing (beyond country-grain energy data)
- Local incentives, tax regimes and permitting timelines
- Workforce depth for your specific roles (the talent pillar is a proxy)
- Real-estate availability, rents and land — public pan-EU data stops at the Nordics
This is a mandate-neutral read. To weight the pillars to your thesis, run these regions through the Site Screener — it ranks all 1,211 regions under your weights and exports the full PDF. First-pass macro screening, not investment advice.
Composite intelligence · 0–100 EU-percentile scores
Opportunity Indexscale + growth + access + structure
47.8
30.8
Resilience Indexdiversification, stability, buffers
40.5
35.0
Quality of Lifeprosperity, health, safety, environment
43.9
41.4
Clean AirPM2.5 / PM10 / NO₂ inverted
9.3
—
Connectivitytransit + air + market access
66.3
30.0
Talent & Human Capitalskills, learning, knowledge workers
18.0
19.5
Growth Momentumrecent GDP / employment trajectory
38.4
45.8
Trajectories · 2012–latest
Real GDP (2020 prices)
2.0% 5y
3.4% 5y
Population
0.4% 5y
1.0% 5y
Unemployment rate
5.6% 5y
1.1% 5y
Derived comparisons
GDP per capita
€33,936
€24,494
Population density
80 /km²
35 /km²
Parcels per 1k pop
FR-only
FR-only
Firms per 1k pop
FR-only
FR-only
All indicators · 88 metrics (Eurostat, all-EU)
Economy
Gross value added, total (current prices)
€5,058M
€4,298M
GVA — agriculture, forestry & fishing (A)
€121M
€309M
GVA — industry (B–E)
€1,642M
€343M
GVA — manufacturing (C)
€1,484M
€208M
GVA — construction (F)
€314M
€303M
GVA — wholesale/retail, transport, ICT (G–J)
€849M
€918M
Net disposable household income per capita (NUTS-2 source) ·N2
€24,400
€18,900
GDP per capita in PPS (purchasing-power adjusted)
35,200 PPS
25,100 PPS
GDP per capita (current prices, EUR)
€34,000
€24,200
Gross fixed capital formation — investment (total economy) ·N2
€44,851M
€10,118M
Investment in manufacturing capex (GFCF, NACE C) ·N2
€10,323M
€512M
Compensation of employees (total wage bill) ·N2
€61,911M
€16,391M
GVA — real estate activities (L)
€634M
€600M
GVA — information & communication (J)
€61M
€29M
GVA — finance, real estate & professional (K–N)
€1,238M
€1,005M
GVA — public admin, health & education (O–U)
€894M
€1,419M
Real GDP (constant 2020 prices, incl. short-term forecast)
€5,159M
€4,478M
Labour productivity per person employed (EUR)
€83,987
€64,002
Gross fixed capital formation, NUTS-3 (ARDECO)
€1,612M
€1,176M
Labour market
Employment, total persons
68,100
76,900
Self-employed persons
15,600
22,100
Employment in manufacturing (C)
15,000
5,100
Activity rate, 15–64 (NUTS-2 source) ·N2
73.5%
64.4%
Youth unemployment rate (15–24) ·N2
19.3%
24.6%
Unemployment rate 15-74, NUTS-3 native (ARDECO)
6.0%
9.3%
Labour force aged 15+ (ARDECO)
76,200
80,800
Business demography
Active enterprises (business economy, all sizes)
11,364
13,711
Enterprise births
749
1,006
Enterprise deaths
670
800
3-year enterprise survival rate
3.3%
4.3%
Innovation & R&D
R&D expenditure as % of GDP ·N2
2.1%
0.8%
Employment in high-tech sectors (% of total) ·N2
3.6%
1.7%
R&D personnel (% of active population, FTE) ·N2
1.6%
0.6%
Education
Tertiary education attainment, age 25–64 ·N2
21.2%
18.4%
Tertiary attainment, age 25–34 (young talent pool) ·N2
29.3%
23.8%
Adult participation in learning, age 25–64 (last 4 weeks) ·N2
10.0%
12.7%
Knowledge workers — tertiary-educated & in science/tech (% of labour force) ·N2
16.0%
16.3%
Scientists & engineers (% of labour force) ·N2
5.0%
4.2%
Digital
Households with internet access ·N2
93.9%
94.3%
Tourism
Nights spent at tourist accommodation (total)
401,644
3,718,533
Mobility
Passenger cars per 1,000 inhabitants ·N2
723 /1k
719 /1k
Road freight loaded (annual, thousand tonnes)
7,332 kt
1,088 kt
Distinct public-transport stop locations within the region (GTFS feeds, deduplicated across overlapping feeds by coordinate). A measure of transit-network extent.
678
1,012
Public-transport stops per 100,000 inhabitants — transit service density relative to population (GTFS feeds, coordinate-deduplicated).
409
518
Motorway density (km per 1,000 km²) ·N2
36 km/1000km²
—
Distance from the region centroid to the nearest major (large) airport, in km - air-connectivity accessibility. Lower is better.
31
88
Number of major (large) airports within 100 km of the region centroid - air-hub catchment richness.
3
2
Demography
Population aged 15–64 (working age)
101,241
120,431
Population aged 65+
46,898
54,858
Population aged under 15
17,771
20,042
Median age of population
51.7 yrs
51.7 yrs
Old-age dependency ratio (65+ / 15–64)
46.3%
45.6%
Crude rate of total population change
1.2 /1k
-9.0 /1k
Crude rate of net migration plus adjustment
9.7 /1k
-1.1 /1k
Crude birth rate
5.4 /1k
4.8 /1k
Crude death rate
13.9 /1k
12.6 /1k
Live births
902
941
Deaths
2,301
2,476
Total age-dependency ratio (young+old / 15-64)
63.9%
62.2%
Total fertility rate (births per woman)
1.13
0.98
Population density (persons per km²)
80 /km²
—
Projected population, 2030–2040 (EUROPOP2019 baseline)
113,112
—
Social
At risk of poverty or social exclusion (AROPE) ·N2
16.9%
29.7%
Life expectancy at birth ·N2
83.7 yrs
83.2 yrs
At-risk-of-poverty rate (regional) ·N2
14.0%
26.1%
Health
Hospital beds per 100k inhabitants ·N2
353 /100k
293 /100k
Mortality, all causes (age-standardised rate) ·N2
892 /100k
857 /100k
Cancer mortality (age-standardised rate) ·N2
228 /100k
224 /100k
Safety & crime
Intentional homicides per 100k inhabitants
0.6 /100k
4.0 /100k
Robberies per 100k inhabitants
19.3 /100k
13.1 /100k
Thefts per 100k inhabitants
626 /100k
430 /100k
Road traffic deaths per million inhabitants ·N2
40 /M
72 /M
Governance & institutions
Government effectiveness, WGI score -2.5..2.5 (country)
0.72
0.72
Regulatory quality, WGI score -2.5..2.5 (country)
0.60
0.60
Rule of law, WGI score -2.5..2.5 (country)
0.57
0.57
Control of corruption, WGI score -2.5..2.5 (country)
0.57
0.57
Political stability & absence of violence, WGI score (country)
0.41
0.41
Energy
Industrial electricity price, 2-20 GWh band, excl. taxes (national)
€0.159/kWh
€0.159/kWh
Industrial gas price, 10-100k GJ band, excl. taxes (national)
€0.048/kWh
€0.048/kWh
Climate
Elevation at region centroid (Copernicus DEM)
258 m
1,089 m
Hot days ≥30°C (avg per year)
19 days/yr
19 days/yr
Frost days ≤0°C (avg per year)
73 days/yr
34 days/yr
Heavy-precipitation days ≥20mm (avg per year)
19 days/yr
6 days/yr