South Tyrol retain a large part of most levied taxes, while remaining a net contributor to the national budget. As of 2016, South Tyrol is the wealthiest province in Italy and among the wealthiest in the European Union. In the wider context of the European Union, the province is one of the three members of the Euroregion of Tyrol-South Tyrol-Trentino, which corresponds almost exactly to the historical region of Tyrol. The other members are Tyrol state in Austria, to the north and east, and the Italian Autonomous province of Trento to the South. "South Tyrol" (occasionally "South Tirol") is the term most
Tyrol wave of industrialization took place at the beginning of the 20th century. Particularly affected at that time was the city of Bolzano with the Italianization policy under the fascism in the 20s. In 2011, approximately 10% of the workplaces in all parts of the country were active in the manufacturing sector. Thus lies Tyrol in the EU average at 10.3% (2011). Important branches of industry in Tyrol are the food industry, wood processing and mechanical engineering. The industry in Tyrol consists mostly of small and medium-sized companies. The craft still plays a special role throughout the region. A large part