Economy - overview The tourist sector contributes over 50% of GDP. In 2000 more than 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 the most prosperous regions of Italy, which supplies much of its food.

GDP purchasing power parity - $940 million (2001 est.)

GDP - real growth rate 7.5% (2001 est.)

GDP - per capita purchasing power parity - $34,600 (2001 est.)

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

Population below poverty line NA%

Household income or consumption by percentage share
lowest 10%: NA%
highest 10%: NA%

Inflation rate (consumer prices) 3.3% (2001)

Labor force 18,500 (1999)

Labor force - by occupation services 57%, industry 42%, agriculture 1% (2000 est.)

Unemployment rate 2.6% (2001)

Budget
revenues: $400 million
expenditures: $400 million, including capital expenditures of $NA (2000 est.)

Industries tourism, banking, textiles, electronics, ceramics, cement, wine

Industrial production growth rate 6% (1997 est.)

Electricity - production 0 kWh

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

Electricity - consumption 184.5 million kWh (2000)

Electricity - exports 0 kWh
note: electric power supplied by Italy (1999)

Electricity - imports 184.5 kWh
note: electricity supplied by Italy (2000)

Agriculture - products wheat, grapes, corn, 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, 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 euro (EUR); Italian lira (ITL)

Currency code EUR; ITL

Exchange rates euros per US dollar - 1.1324 (January 2002), 1.1175 (2001), 1.08540 (2000), 0.93863 (1999); Italian lire per US dollar - 1,736.2 (1998), 1,703.1 (1997)

Fiscal year calendar year

NOTE: The information regarding San Marino 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 San Marino Economy 2002 information contained here. All suggestions for corrections of any errors about San Marino Economy 2002 should be addressed to the CIA.