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Vatican City:
Economy

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Economy - overview
Definition
This unique, noncommercial economy is supported financially by an annual contribution (known as Peter's Pence) from Roman Catholic dioceses throughout the world; by the sale of postage stamps, coins, medals, and tourist mementos; by fees for admission to museums; and by the sale of publications. Investments and real estate income also account for a sizable portion of revenue. The incomes and living standards of lay workers are comparable to those of counterparts who work in the city of Rome.
GDP (purchasing power parity)
Definition - World rank and map
$NA
Labor force
Definition
NA
Labor force - by occupation
Definition
note: essentially services with a small amount of industry; nearly all dignitaries, priests, nuns, guards, and the approximately 3,000 lay workers live outside the Vatican
Population below poverty line
Definition
NA%
Budget
Definition
revenues: $310 million
expenditures: $307 million (2006)
Industries
Definition
printing; production of coins, medals, postage stamps; a small amount of mosaics and staff uniforms; worldwide banking and financial activities
Electricity - production
Definition - World rank and map
NA kWh
Electricity - consumption
Definition - World rank and map
NA kWh
Electricity - imports
Definition
NA kWh; note - electricity supplied by Italy
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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