Holy See (Vatican City) Economy 1997 - Flags, Maps, Economy, Geography, Climate, Natural Resources, Current Issues, International Agreements, Population, Social Statistics, Political System
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    Holy See (Vatican City) Economy 1997

      Economy - overview This unique, noncommercial economy is supported financially by contributions(known as Peter's Pence) from Roman Catholics throughout the world, the saleof postage stamps and tourist mementos, fees for admission to museums, andthe sale of publications. The incomes and living standards of lay workersare comparable to, or somewhat better than, those of counterparts who workin the city of Rome.

      Labor force NA
      by occupation: dignitaries, priests, nuns, guards, and 3,000 lay workers who live outsidethe Vatican

      revenues : $175.5 million
      expenditures: $175 million, including capital expenditures of $NA (1994)

      Industries printing and production of a small amount of mosaics and staff uniforms;worldwide banking and financial activities

      Electricity - capacity 5,000 kW standby
      note : electricity supplied by Italy

      Electricity - production NA kWh
      note: electricity supplied by Italy

      Electricity - consumption per capita NA kWh

      Currency 1 Vatican lira (VLit) = 100 centesimi

      Exchange rates Vatican lire (VLit) per US$1 - 1568.1 (January 1997), 1,542.9 (1996),1,628.9 (1995), 1,612.4 (1994), 1,573.7 (1993), 1,232.4 (1992); note - the Vatican lira is at par with the Italian lira which circulates freely

      Fiscal year calendar year

      NOTE: The information regarding Holy See (Vatican City) on this page is re-published from the 1997 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Holy See (Vatican City) Economy 1997 information contained here. All suggestions for corrections of any errors about Holy See (Vatican City) Economy 1997 should be addressed to the CIA.

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    Revised 06-Mar-02
    Copyright © 2002 Photius Coutsoukis (all rights reserved)