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Economy - overview:
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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.
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Population below poverty line:
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NA%
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Household income or consumption by percentage share:
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lowest 10%: NA%
highest 10%: NA%
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Labor force:
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NA
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Labor force - by occupation:
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essentially services with a small amount of industry; note - dignitaries, priests, nuns, guards, and 3,000 lay workers live outside the Vatican
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Budget:
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revenues: $173.5 million
expenditures: $176.6 million, including capital expenditures of $NA (2001)
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Industries:
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printing; production of coins, medals, postage stamps, a small amount of mosaics and staff uniforms; worldwide banking and financial activities
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Electricity - production:
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NA kWh
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Electricity - consumption:
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NA kWh
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Electricity - exports:
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0 kWh
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Electricity - imports:
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NA kWh; note - electricity supplied by Italy
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Economic aid - recipient:
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none
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Currency:
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euro (EUR)
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Currency code:
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EUR
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Exchange rates:
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euros per US dollar - 1.06 1.1324 (2002), 1.1175 (2001), 1.0854 (2000), 0.9386 (1999)
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Fiscal year:
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calendar year
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