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San Marino Economy




San Marino    Economy Top of Page
Economy - overview: The tourist sector contributes over 50% of GDP. In 1999 more than 3 million tourists visited San Marino. The key industries are banking, wearing apparel, electronics, and ceramics. Main agricultural products are wine and cheeses. The per capita level of output and standard of living are comparable to those of the most prosperous regions of Italy, which supplies much of its food.
GDP: purchasing power parity - $860 million (2000 est.)
GDP - real growth rate: 8% (2000 est.)
GDP - per capita: purchasing power parity - $32,000 (2000 est.)
GDP - composition by sector: agriculture:  NA%

industry:  NA%

services:  NA%
Population below poverty line: NA%
Household income or consumption by percentage share: lowest 10%:  NA%

highest 10%:  NA%
Inflation rate (consumer prices): 2.2% (2000)
Labor force: 18,500 (1999)
Labor force - by occupation: services 60%, industry 38%, agriculture 2% (1998 est.)
Unemployment rate: 3% (1999)
Budget: revenues:  $400 million

expenditures:  $400 million, including capital expenditures of $NA (2000 est.)
Industries: tourism, banking, textiles, electronics, ceramics, cement, wine
Industrial production growth rate: 6% (1997 est.)
Electricity - production: NA kWh
Electricity - production by source: fossil fuel:  NA%

hydro:  NA%

nuclear:  NA%

other:  NA%
Electricity - consumption: NA kWh
Electricity - exports: 0 kWh

note:  electric power supplied by Italy (1999)
Electricity - imports: NA kWh

note:  electricity supplied by Italy
Agriculture - products: wheat, grapes, corn, olives; cattle, pigs, horses, beef, cheese, hides
Exports: trade data are included with the statistics for Italy
Exports - commodities: building stone, lime, wood, chestnuts, wheat, wine, baked goods, hides, ceramics
Imports: trade data are included with the statistics for Italy
Imports - commodities: wide variety of consumer manufactures, food
Debt - external: $NA
Economic aid - recipient: $NA
Currency: Italian lira (ITL); euro (EUR)
Currency code: ITL; EUR
Exchange rates: euros per US dollar - 1.06594 (January 2001), 1.08540 (2000), 0.93863 (1999); Italian lire per US dollar - 1,736.2 (1998), 1,703.1 (1997), 1,542.9 (1996)
Fiscal year: calendar year

 

Countryfacts Information Courtesy: CIA Worldbook








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