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    San Marino Economy - 1989

      Overview: The economy relies heavily on the tourist industry as a source of revenue. More than 2 million tourists visit each year, contributing about 60% to GDP. The sale of postage stamps to foreign collectors is another important income producer. The manufacturing sector employs nearly 40% of the labor force and agriculture less than 4%.

      GDP: $NA, per capita $NA; real growth rate NA%

      Inflation rate (consumer prices): 6.4% (1986)

      Unemployment rate: 6.5% (1985)

      Budget: $99.2 million (1983); largest share of revenue is from the sale of postage stamps to collectors and payments by the Italian Government in exchange for a monopoly in retailing tobacco, gasoline, and a few other goods; remittances from Sanmarinese abroad also represent an important net foreign exchange inflow

      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%

      Electricity: supplied by Italy

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

      Agriculture: wheat, grapes, other grains, fruits, vegetables, animal feedstuffs, cheese, livestock hides

      Aid: NA

      Currency: Italian lira (plural--lire); 1 Italian lira (Lit) = 100 centesimi; also mints its own coins

      Exchange rates: Italian lire (Lit) per US$1--1,344.2 (January 1989), 1,301.6 (1988), 1,296.1 (1987), 1,490.8 (1986), 1,909.4 (1985)

      Fiscal year: calendar year

      NOTE: The information regarding San Marino on this page is re-published from the 1989 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of San Marino Economy 1989 information contained here. All suggestions for corrections of any errors about San Marino Economy 1989 should be addressed to the CIA.

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    Revised 15-Apr-03
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