Holy See (Vatican City) 2003 - Flags, Maps, Economy, Geography, Climate, Natural Resources, Current Issues, International Agreements, Population, Social Statistics, Political System

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Holy See (Vatican City) Economy - 2003
https://theodora.com/wfb2003/holy_see_/holy_see__economy.html
SOURCE: 2003 CIA WORLD FACTBOOK

Economy - overview: This unique, noncommercial economy is supported financially by an annual tax on Roman Catholic dioceses throughout the world, as well as by special collections (known as Peter's Pence); the sale of postage stamps, coins, medals, and tourist mementos; fees for admission to museums; and 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.

Population below poverty line: NA%

Household income or consumption by percentage share: lowest 10%: NA%
highest 10%: NA%

Labor force: NA

Labor force - by occupation: essentially services with a small amount of industry; note - dignitaries, priests, nuns, guards, and 3,000 lay workers live outside the Vatican

Budget: revenues: $173.5 million
expenditures: $176.6 million, including capital expenditures of $NA (2001)

Industries: printing; production of coins, medals, postage stamps, a small amount of mosaics and staff uniforms; worldwide banking and financial activities

Electricity - production: NA kWh

Electricity - consumption: NA kWh

Electricity - imports: NA kWh; note - electricity supplied by Italy

Economic aid - recipient: none

Currency: euro (EUR)

Currency code: EUR

Exchange rates: euros per US dollar - 1.0626 1.1324 (2002), 1.1175 (2001), 1.0854 (2000), 0.9386 (1999)

Fiscal year: calendar year

NOTE: The information regarding Holy See (Vatican City) on this page is re-published from the 2003 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Guinea Geography 2003 information contained here. All suggestions for corrections of any errors about Holy See (Vatican City) Economy 2003 should be addressed to the CIA.

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