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Vatican City Economy




Holy See (Vatican City)    Economy Top of Page
Economy - overview: This unique, noncommercial economy is supported financially by contributions (known as Peter's Pence) from Roman Catholics throughout the world, the sale of postage stamps and tourist mementos, fees for admission to museums, and the sale of publications. The incomes and living standards of lay workers are comparable to, or somewhat better than, those of counterparts who work in the city of Rome.
Population below poverty line: NA%
Household income or consumption by percentage share: lowest 10%:  NA%

highest 10%:  NA%
Labor force: NA
Labor force - by occupation: agriculture NA%, industry NA%, services NA%; note - dignitaries, priests, nuns, guards, and 3,000 lay workers live outside the Vatican
Budget: revenues:  $209.6 million

expenditures:  $198.5 million, including capital expenditures of $NA (1997)
Industries: printing and production of a small amount of mosaics and staff uniforms; worldwide banking and financial activities
Electricity - production by source: fossil fuel:  NA%

hydro:  NA%

nuclear:  NA%

other:  NA%
Electricity - consumption: NA kWh
Electricity - imports: NA kWh; note - electricity supplied by Italy
Economic aid - recipient: none
Currency: Italian lira (ITL); euro (EUR)
Currency code: ITL; EUR
Exchange rates: euros per US dollar - 1.0659 (January 2001), 1.0854 (2000), 0.9386 (1999); Vatican lire per US dollar - 2,099 (2000), 1817.2 (1999), 1,736.2 (1998), 1,703.1 (1997), 1,542.9 (1996); note - the Vatican lira is at par with the Italian lira; the Vatican will start using euros in 2002 in conjunction with Italy at a fixed rate of 1,936.17 lire per euro
Fiscal year: calendar year

 

Countryfacts Information Courtesy: CIA Worldbook








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