| Economy | San Marino |
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Economy - overview:
|
San Marino's economy relies heavily on its tourism and banking industries, as well as from the manufacture and export of ceramics, clothing, fabrics, furniture, paints, spirits, tiles, and wine. The economy also benefits from foreign investment due to its relatively low corporate taxes and low taxes on interest earnings. The San Marino government, sworn in on 3 December 2008, will continue to work towards an economic cooperation agreement with Italy - a longstanding priority - as well as harmonizing its fiscal laws with EU members. 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):
|
$1.662 billion (2007)
$850 million (2004) |
GDP - per capita (PPP):
|
$41,900 (2007) |
GDP (official exchange rate):
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$850 million (2004) |
GDP - real growth rate:
|
4.3% (2007 est.) |
GDP - composition by sector:
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agriculture: 0.1%
industry: 46.5%
services: 53.4% (2007) |
Investment (gross fixed):
|
void |
Population below poverty line:
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NA% |
Household income or consumption by percentage share:
|
lowest 10%: NA%
highest 10%: NA% |
Distribution of family income - Gini index:
|
void |
Inflation rate (consumer prices):
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-3.5% (2008) |
Central bank discount rate:
|
void |
Commercial bank prime lending rate:
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7.58% (31 December 2007) |
Stock of money:
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$1.326 billion (31 December 2007) |
Stock of money - per capita:
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43,728 USD per capita |
Stock of quasi money:
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$4.584 billion (31 December 2007) |
Stock of quasi money - per capita:
|
151,168 USD per capita |
Stock of domestic credit:
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$7.513 billion (31 December 2007) |
Stock of domestic credit - per capita:
|
247,758 USD per capita |
Labor force:
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22,660 (2008) |
Labor force participation rate:
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74.73 % of population |
Labor force - by occupation:
|
agriculture: 0.1%
industry: 37.7%
services: 62.2% (2008 est.) |
Unemployment rate:
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3.1% (2008) |
Budget:
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revenues: $690.6 million
expenditures: $652.9 million (2006) |
Budget revenues per capita:
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22,775 USD per capita |
Public debt:
|
void |
Industries:
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tourism, banking, textiles, electronics, ceramics, cement, wine |
Industrial production growth rate:
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3.1% (2007) |
Electricity - production:
|
void |
Electricity - production per capita:
|
void |
Electricity - consumption:
|
void |
Electricity - consumption - per capita:
|
void |
Electricity - exports:
|
void |
Electricity - imports:
|
void |
Oil - production:
|
void |
Oil - production per capita:
|
void |
Oil - consumption:
|
void |
Oil - consumption - per capita:
|
void |
Oil - exports:
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void |
Oil - imports:
|
void |
Oil - proved reserves:
|
void |
Natural gas - production:
|
void |
Natural gas - production per capita:
|
void |
Natural gas - consumption:
|
void |
Natural gas - consumption - per capita:
|
void |
Natural gas - exports:
|
void |
Natural gas - imports:
|
void |
Natural gas - proved reserves:
|
void |
Agriculture - products:
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wheat, grapes, corn, olives; cattle, pigs, horses, beef, cheese, hides |
Current account balance:
|
void |
Current account balance - per capita:
|
void |
Exports:
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$4.628 billion (2007) |
Exports per capita:
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152,619 USD per capita |
Exports - commodities:
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building stone, lime, wood, chestnuts, wheat, wine, baked goods, hides, ceramics |
Exports - partners:
|
void |
Imports:
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$3.744 billion (2007) |
Imports per capita:
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123,467 USD per capita |
Imports - commodities:
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wide variety of consumer manufactures, food |
Imports - partners:
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void |
Reserves of foreign exchange and gold:
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void |
Reserves of foreign exchange and gold - per capita:
|
void |
Debt - external:
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$NA |
Debt - external - per capita:
|
void |
Stock of direct foreign investment - at home:
|
void |
Stock of direct foreign investment - at home - per capita:
|
void |
Stock of direct foreign investment - abroad:
|
void |
Stock of direct foreign investment - abroad - per capita:
|
void |
Market value of publicly traded shares:
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$NA |
Market value of publicly traded shares - per capita:
|
void |
Economic aid - donor:
|
void |
Economic aid - recipient:
|
$NA |
Economic aid - recipient per capita:
|
void |
Currency (code):
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euro (EUR) |
Exchange rates:
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euros (EUR) per US dollar - 0.6734 (2008 est.), 0.7345 (2007), 0.7964 (2006), 0.8041 (2005), 0.8054 (2004) |
Fiscal year:
|
calendar year |
|
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