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 4.8% (1994 est.)

GDP - per capita purchasing power parity - $20,000 (1997 est.)

GDP - composition by sector
agriculture: NA%
industry: NA%
services: NA%

Inflation rate - consumer price index 5.3% (1995)

Labor force
total: 15,600 (1995)
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 - capacity NA kW
note: electricity supplied by Italy

Electricity - production NA kWh
note: electricity supplied by Italy

Electricity - consumption per capita NA kWh

Agriculture - products wheat, grapes, maize, olives; cattle, pigs, horses, meat, cheese, hides

Exports trade data are included with the statistics for Italy; commodities: building stone, lime, wood, chestnuts, wheat, wine, baked goods, hides, and ceramics

Imports trade data are included with the statistics for Italy; commodities: wide variety of consumer manufactures, food

Debt - external $NA

Economic aid
recipient: ODA, $NA

Currency 1 Italian lire (Lit) = 100 centesimi; note - also mints its own coins

Exchange rates Italian lire (Lit) per US$1 - 1,787.7 (January 1998), 1,703.1 (1997), 1,542.9 (1996), 1,628.9 (1995), 1,612.4 (1994), 1,573.7 (1993)

Fiscal year calendar year

NOTE: The information regarding San Marino on this page is re-published from the 1998 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of San Marino Economy 1998 information contained here. All suggestions for corrections of any errors about San Marino Economy 1998 should be addressed to the CIA.