Characterized by an absence of heavy industry, Rome nevertheless
produces 6.7% of the national GDP and is dominated by the technology,
communications and service sectors. The banking, electronics and aerospace industries
thrive in Rome. Of course, tourism is Rome’s most notable industry, spurring
the service sector and supporting the local attractions including museums, galleries
and monuments.
The Italian film industry based out of Cinecittà and
its studios makes Rome the hub of Italian entertainment. Rome’s principal
business district is located in the Esposizione Universale Rome (EUR.)
Mayor Walter Veltroni is credited with boosting Rome’s economy by promoting
tourism and the arts. To attract visitors, he started the Rome film festival
and the Notte Bianca (White Night,) an annual all-night party featuring
cultural events including concerts, theatre and exhibitions.