Holy See (Vatican City) Economy 1996

Overview:

This unique, noncommercial economy is supported financially by contributions (known as Peter's Pence) from Roman Catholics throughout the world, the sale of postage stamps and tourist mementos, fees for admission to museums, and the sale of publications. The incomes and living standards of lay workers are comparable to, or somewhat better than, those of counterparts who work in the city of Rome.

Budget:

revenues:

$169 million

expenditures:

$167.5 million, including capital expenditures of $NA (1993)

Electricity:

capacity:

5,000 kW standby

production:

power supplied by Italy

consumption per capita:

NA kWh (1992)

Industries:

printing and production of a small amount of mosaics and staff uniforms; worldwide banking and financial activities

Currency:

1 Vatican lira (VLit) = 100 centesimi

Exchange rates:

Vatican lire (VLit) per US$1 - 1,609.5 (January 1995), 1,612.4 (1994), 1,573.7 (1993), 1,232.4 (1992), 1,240.6 (1991), 1,198.1 (1990); note - the Vatican lira is at par with the Italian lira which circulates freely

Fiscal year:

calendar year

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Revised 13-August-1997