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San Marino:
Economy

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Economy - overview
The tourist sector contributes over 50% of GDP. In 2006 more than 2.1 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)
$850 million (2004 est.)
GDP (official exchange rate)
$1.048 billion (2004)
GDP - real growth rate
4.6% (2004 est.)
GDP - per capita
$34,100 (2004 est.)
GDP - composition by sector
agriculture: NA%
industry: NA%
services: NA%
Labor force
20,470 (2004)
Labor force - by occupation
agriculture: 0.2%
industry: 40.1%
services: 59.7% (2006 est.)
Unemployment rate
3.8% (2004)
Population below poverty line
NA%
Household income or consumption by percentage share
lowest 10%: NA%
highest 10%: NA%
Inflation rate (consumer prices)
-1.5% (2006)
Budget
revenues: $709.6 million
expenditures: $672.3 million (2004)
Agriculture - products
wheat, grapes, corn, olives; cattle, pigs, horses, beef, cheese, hides
Industries
tourism, banking, textiles, electronics, ceramics, cement, wine
Exports
$1.291 billion (2004)
Exports - commodities
building stone, lime, wood, chestnuts, wheat, wine, baked goods, hides, ceramics
Imports
$2.035 billion (2004)
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 - 0.7964 (2006), 0.8041 (2005), 0.8054 (2004), 0.886 (2003), 1.0626 (2002)
Fiscal year
calendar year


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