Economy of San Marino

Mother Earth Travel > Country Index > San Marino > Map Economy History

Economy - overview: The tourist sector contributes over 50% of GDP. In 1999 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 - $860 million (2000 est.)
GDP - real growth rate: 8% (2000 est.)
GDP - per capita: purchasing power parity - $32,000 (2000 est.)
Inflation rate (consumer prices): 2.2% (2000)
Labor force: 18,500 (1999)
Labor force - by occupation: services 60%, industry 38%, agriculture 2% (1998 est.)
Unemployment rate: 3% (1999)
Budget:
revenues:  $400 million
expenditures:  $400 million (2000 est.)
Industries: tourism, banking, textiles, electronics, ceramics, cement, wine
Industrial production growth rate: 6% (1997 est.)
Electricity - production: electric power supplied by Italy (1999)
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
Currency: euro (EUR)

SOURCE: The World Factbook

Mother Earth Travel > Country Index > San Marino > Map Economy History