San Marino Economy, GDP, Budget, Industry and Agriculture

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San Marino Economy


View the information below regarding the economy of San Marino. The summary and statistics contains gdp, industry, agriculture and more for San Marino. If you need other information please visit the San Marino Country Page.

  • San Marino Government
  • San Marino People
  • San Marino Geography
  • San Marino History

    Economy
    GDP (2000 est): $850 million.
    Per capita income (2000 est): $32,000.
    GDP growth (2000 est): 8%.
    Natural resources: Building stone.
    Agriculture: Products--wheat, grapes, maize, olives, cattle, pigs, horses, meat, cheese, hides.
    Industry: Types--tourism, textiles, electronics, ceramics, cement, wine.
    Trade: Exports--85% to Italy. Imports--manufactured goods, food. Partners--Italy, eastern Europe, South America, China, Taiwan.

    San Marino Economy
    San Marino's per capita GNP in 2000 stood at $32,000 with more than 50% of that coming from the tourism industry which draws about 3.15 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 the first commemorative stamps and since then that has been part of a large livelihood in the republic. All 10 of the Post Offices of San Marino sell these stamps and collectable coins, including "Legal Gold Tender 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, a state budget surplus, and no national debt.

    source: http://www.state.gov

  • San Marino Government
  • San Marino People
  • San Marino Geography
  • San Marino History