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San Marino Economy

    Economy—overview: The tourist sector contributes over 50% of GDP. In 1995 more than 3.3 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 Italy, which supplies much of its food.

    GDP: purchasing power parity—$500 million (1997 est.)

    GDP—real growth rate: NA%

    GDP—per capita: purchasing power parity—$20,000 (1997 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): 5.3% (1995)

    Labor force: 15,600 (1995)

    Labor force—by occupation: services 55%, industry 43%, agriculture 2% (1995)

    Unemployment rate: 3.6% (April 1996)

    Budget:
    revenues: $320 million
    expenditures: $320 million, including capital expenditures of $26 million (1995 est.)

    Industries: tourism, textiles, electronics, ceramics, cement, wine

    Industrial production growth rate: NA%

    Electricity—production: NA kWh

    Electricity—production by source:
    fossil fuel: NA%
    hydro: NA%
    nuclear: NA%
    other: NA%

    Electricity—consumption: NA kWh

    Electricity—exports: NA kWh

    Electricity—imports: NA kWh
    note: electricity supplied by Italy

    Agriculture—products: wheat, grapes, maize, 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, and 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: 1 Italian lira (Lit) = 100 centesimi; note—also mints its own coins

    Exchange rates: Italian lire (Lit) per US$1—1,668.7 (January 1998),1,736.2 (1998), 1,703.1 (1997), 1,542.9 (1996), 1,628.9 (1995), 1,612.4 (1994)

    Fiscal year: calendar year

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Revised 1-Mar-99
Copyright © 1999 Photius Coutsoukis (all rights reserved)