San Marino Economy Profile 2006

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 (official exchange rate)

$880 million

GDP - real growth rate

2.3% (2002 est.)

GDP - per capita (PPP)

$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)

-1.7% (2001)

Labor force

19,970 (2003)

Labor force - by occupation

agriculture: 1%
industry: 42%
services: 57% (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.)

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 (code)

euro (EUR)

Exchange rates

euros per US dollar - 0.8041 (2005), 0.8054 (2004), 0.886 (2003), 1.0626 (2002), 1.1175 (2001)

Fiscal year

calendar year