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Holy See (Vatican City) Economy 1999
Economyoverview: 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:
Labor force: NA Labor forceby occupation: dignitaries, priests, nuns, guards, and 3,000 lay workers who live outside the Vatican
Budget:
Industries: printing and production of a small amount of mosaics and staff uniforms; worldwide banking and financial activities Electricityproduction: 0 kWh
Electricityproduction by source:
Electricityconsumption: NA kWh Electricityexports: NA kWh Electricityimports: NA kWh; noteelectricity supplied by Italy Economic aidrecipient: none Currency: 1 Vatican lira (VLit) = 100 centesimi Exchange rates: Vatican lire (VLit) per US$11,688.7 (January 1998), 1,736.2 (1998), 1,703.1 (1997), 1,542.9 (1996), 1,628.9 (1995), 1,612.4 (1994); notethe Vatican lira is at par with the Italian lira which circulates freely Fiscal year: calendar year
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