| | San Marino's per capita GNP in 2002 stood at 24,054 Euros with more than 50% coming from the tourism industry, which draws about 3 million people annually. One of the greatest sources of income from tourism comes from the sale of historic coins and stamps. In 1894, San Marino issued its first commemorative stamps, which produced government revenue for the republic. All 10 of the Post Offices of San Marino sell these stamps and collectable coins, including "Legal Tender Gold Coins." Traditional economic activities in San Marino were food crops, sheep farming, and stone quarrying. Today farming activities focus on grain, vines, and orchards, as well as animal husbandry (cattle and swine). Besides the tourism industry, San Marino makes most of its income from the banking industry and from the manufacture and export of ceramics, tiles, furniture, clothing, paints, fabrics, and spirits/wines. The per capita level of output and standard of living in San Marino are comparable to those of Italy. In addition, San Marino maintains the lowest unemployment rate in Europe and no national debt. |