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    San Marino Economy - 2002

      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)

      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.

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    Revised 30-Jan-03
    Copyright © 2003 Photius Coutsoukis (all rights reserved)