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San Marino Economy 1999
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:
Population below poverty line: NA%
Household income or consumption by percentage share:
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:
Industries: tourism, textiles, electronics, ceramics, cement, wine Industrial production growth rate: NA% Electricity—production: NA kWh
Electricity—production by source:
Electricity—consumption: NA kWh Electricity—exports: NA kWh
Electricity—imports:
NA kWh
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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