San Marino Economy - 2004

Economy - overview:
The tourist sector contributes over 50% of GDP. In 2000 more than 3 million tourists visited San Marino. The key industries are banking, 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 the most prosperous regions of Italy, which supplies much of its food.

GDP:
purchasing power parity - $940 million (2001 est.)

GDP - real growth rate:
7.5% (2001 est.)

GDP - per capita:
purchasing power parity - $34,600 (2001 est.)

GDP - composition by sector:
agriculture: NA%
industry: NA%
services: NA% (1996)

Population below poverty line:
NA%

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

Inflation rate (consumer prices):
3.3% (2001)

Labor force:
18,500 (1999)

Labor force - by occupation:
services 57%, industry 42%, agriculture 1% (2000 est.)

Unemployment rate:
2.6% (2001)

Budget:
revenues: $400 million
expenditures: $400 million, including capital expenditures of $NA (2000 est.)

Industries:
tourism, banking, textiles, electronics, ceramics, cement, wine

Industrial production growth rate:
6% (1997 est.)

Agriculture - products:
wheat, grapes, corn, olives; cattle, pigs, horses, beef, cheese, hides

Exports:
trade data are included with the statistics for Italy

Exports - commodities:
building stone, lime, wood, chestnuts, wheat, wine, baked goods, hides, ceramics

Imports:
trade data are included with the statistics for Italy

Imports - commodities:
wide variety of consumer manufactures, food

Debt - external:
$NA

Economic aid - recipient:
$NA

Currency:
euro (EUR)

Currency code:
EUR

Exchange rates:
euros per US dollar - 0.89 (2003), 1.06 (2002), 1.12 (2001), 1.09 (2000), 0.94 (1999)