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Holy See (Vatican City): Economy

Economy Holy See (Vatican City)
Economy - overview:
This unique, noncommercial economy is supported financially by an annual tax on Roman Catholic dioceses throughout the world, as well as by special collections (known as Peter's Pence); the sale of postage stamps, coins, medals, and tourist mementos; fees for admission to museums; and the sale of publications. Investments and real estate income also account for a sizable portion of revenue. The incomes and living standards of lay workers are comparable to 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:
essentially services with a small amount of industry; note - dignitaries, priests, nuns, guards, and 3,000 lay workers live outside the Vatican
Budget:
revenues: $173.5 million
expenditures: $176.6 million, including capital expenditures of $NA (2001)
Industries:
printing; production of coins, medals, postage stamps, a small amount of mosaics and staff uniforms; worldwide banking and financial activities
Electricity - production:
NA kWh
Electricity - consumption:
NA kWh
Electricity - exports:
0 kWh
Electricity - imports:
NA kWh; note - electricity supplied by Italy
Economic aid - recipient:
none
Currency:
euro (EUR)
Currency code:
EUR
Exchange rates:
euros per US dollar - 1.06 1.1324 (2002), 1.1175 (2001), 1.0854 (2000), 0.9386 (1999)
Fiscal year:
calendar year

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Source: The CIA World Fact Book 2003

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