Overview: The tourist sector contributes over 50% of GDP. In 1991 more than 3.1 million tourists visited San Marino, 2.7 million of whom were Italians. The key industries are 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 Italy.

National product: GDP - purchasing power equivalent - $370 million (1992 est.)

National product real growth rate: NA%

National product per capita: $16,000 (1992 est.)

Inflation rate (consumer prices): 6.2% (1992 est.)

Unemployment rate: 3% (1991)

Budget:
revenues: $275 million
expenditures: $275 million, including capital expenditures of $NA (1992 est.)

Exports: trade data are included with the statistics for Italy; commodity trade consists primarily of exchanging building stone, lime, wood, chestnuts, wheat, wine, baked goods, hides, and ceramics for a wide variety of consumer manufactures

Imports: see exports

External debt: $NA

Industrial production: growth rate NA%; accounts for 42% of workforce

Electricity: supplied by Italy

Industries: wine, olive oil, cement, leather, textile, tourism

Agriculture: employs 3% of labor force; products - wheat, grapes, maize, olives, meat, cheese, hides; small numbers of cattle, pigs, horses; depends on Italy for food imports

Economic aid: $NA

Currency: 1 Italian lire (Lit) = 100 centesimi; note - also mints its own coins
Exchange rates: Italian lire (Lit) per US$1 - 1,700.2 (January 1994), 1,573.7 (1993), 1,232.4 (1992), 1,240.6 (1991), 1,198.1 (1990), 1,372.1 (1989)

Fiscal year: calendar year

NOTE: The information regarding San Marino on this page is re-published from the 1995 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of San Marino Economy 1995 information contained here. All suggestions for corrections of any errors about San Marino Economy 1995 should be addressed to the CIA.