Italy is ranked 28 globally in terms of per capita income in the world.
Italy ranks 28 globally in terms of per capita income in the world.
Italy ranks . . .
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Italy ranks . . . . . . . . . . . Simple Present to state a simple fact about the present.
Italy is being ranked . . . Present Continuous makes it sound like the ranking process is happening right now. eg Maybe it started yesterday and will end tomorrow. This is clearly not the intended meaning.
.Other comments:
If you say 'globally'. you don't also nee