Economy - overview 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
lowest 10%: NA%
highest 10%: NA%

Labor force NA

Labor force - by occupation agriculture NA%, industry NA%, services NA%; note - dignitaries, priests, nuns, guards, and 3,000 lay workers live outside the Vatican

Budget
revenues: $209.6 million
expenditures: $198.5 million, including capital expenditures of $NA (1997)

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

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

Electricity - consumption NA kWh

Electricity - imports NA kWh; note - electricity supplied by Italy

Economic aid - recipient none

Currency euro (EUR); Italian lira (ITL)

Currency code EUR; ITL

Exchange rates euros per US dollar - 1.1324 (January 2002), 1.1175 (2001), 1.0854 (2000), 0.9386 (1999); Vatican lire per US dollar - 2,099 (2000), 1817.2 (1999), 1,736.2 (1998), 1,703.1 (1997); note - the Vatican lira is at par with the Italian lira; the Vatican started using euros in 2002 in conjunction with Italy at a fixed rate of 1,936.17 lire per euro

Fiscal year calendar year

NOTE: The information regarding Holy See (Vatican City) on this page is re-published from the 2002 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Holy See (Vatican City) Economy 2002 information contained here. All suggestions for corrections of any errors about Holy See (Vatican City) Economy 2002 should be addressed to the CIA.