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San Marino: Economy

Economy San Marino
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:
NA
Electricity - production by source:
fossil fuel: 41.18%
other: 0%
nuclear: 0%
hydro: 58.82%
Electricity - consumption:
NA (2000)
Electricity - exports:
0 kWh
note: electric power supplied by Italy
Electricity - imports:
0 kWh
note: electricity supplied by Italy
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)
Currency code:
EUR
Exchange rates:
euros per US dollar - 1.06 (2002), 1.12 (2001), 1.09 (2000), 0.94 (1999)
Fiscal year:
calendar year

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Source: The CIA World Fact Book 2003

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