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San Marino:
Economy

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Economy - overview
Definition
The tourist sector contributes over 50% of GDP. In 2006 more than 2.1 million tourists visited San Marino. The key industries are banking, clothing and 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)
Definition - World rank and map
$850 million (2004 est.)
GDP (official exchange rate)
Definition
$1.048 billion (2004)
GDP - real growth rate
Definition - World rank and map
4.6% (2004 est.)
GDP - per capita
Definition - World rank and map
$34,100 (2004 est.)
GDP - composition by sector
Definition
agriculture: NA%
industry: NA%
services: NA%
Labor force
Definition
20,470 (2004)
Labor force - by occupation
Definition
agriculture: 0.2%
industry: 40.1%
services: 59.7% (2006 est.)
Unemployment rate
Definition - World rank and map
3.8% (2004)
Population below poverty line
Definition
NA%
Household income or consumption by percentage share
Definition
lowest 10%: NA%
highest 10%: NA%
Inflation rate (consumer prices)
Definition - World rank and map
-1.5% (2006)
Budget
Definition
revenues: $709.6 million
expenditures: $672.3 million (2004)
Agriculture - products
Definition
wheat, grapes, corn, olives; cattle, pigs, horses, beef, cheese, hides
Industries
Definition
tourism, banking, textiles, electronics, ceramics, cement, wine
Industrial production growth rate
Definition - World rank and map
5.6% (2005 est.)
Exports
Definition - World rank and map
$1.291 billion (2004)
Exports - commodities
Definition
building stone, lime, wood, chestnuts, wheat, wine, baked goods, hides, ceramics
Imports
Definition - World rank and map
$2.035 billion (2004)
Imports - commodities
Definition
wide variety of consumer manufactures, food
Debt - external
Definition - World rank and map
$NA
Market value of publicly traded shares
Definition
$NA
Economic aid - recipient
Definition
$NA
Currency (code)
Definition
euro (EUR)
Exchange rates
Definition
euros per US dollar - 0.7345 (2007), 0.7964 (2006), 0.8041 (2005), 0.8054 (2004), 0.886 (2003)
Fiscal year
Definition
calendar year


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