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    San Marino Economy - 1991

      Overview: 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%. The per capita level of output and standard of living are comparable to northern Italy.

      GDP: $393 million, per capita $17,000; real growth rate 2% (1990 est.)

      Inflation rate (consumer prices): 6% (1990)

      Unemployment rate: 6.5% (1985)

      Budget: revenues $99.2 million; expenditures $NA, including capital expenditures of $NA (1983)

      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: employs less than 4% of labor force; products--wheat, grapes, corn, olives, meat, cheese, hides; small numbers of cattle, pigs, horses; depends on Italy for food imports

      Economic 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--1,134.4 (January 1991), 1,198.1 (1990), 1,372.1 (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 1991 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of San Marino Economy 1991 information contained here. All suggestions for corrections of any errors about San Marino Economy 1991 should be addressed to the CIA.

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    Revised 08-Feb-03
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