Economy (San Marino)
====================


     Overview:
         More than 2 million tourists visit each year, contributing about 60% to GDP.
         The sale of postage stamps to foreign collectors is another important income
         producer. The manufacturing sector employs nearly 40% of the labor force and
         agriculture less than 4%. The per capita level of output and standard of
         living are comparable to northern Italy.
     GDP:
         purchasing power equivalent - $400 million, per capita $17,000; real growth
         rate NA% (1991 est.)
     Inflation rate (consumer prices):
         6% (1990)
     Unemployment rate:
         6.5% (1985)
     Budget:
         revenues $99.2 million; expenditures $NA, including capital expenditures of
         $NA (1983)
     Exports:
         *** No entry for this item ***
         trade data are included with the statistics for Italy; commodity trade
         consists primarily of exchanging building stone, lime, wood, chestnuts,
         wheat, wine, baked goods, hides, and ceramics for a wide variety of consumer
         manufactures
     Imports:
         see
     External debt:
         $NA
     Industrial production:
         growth rate NA%
     Electricity:
         supplied by Italy
     Industries:
         wine, olive oil, cement, leather, textile, tourism
     Agriculture:
         employs less than 4% of labor force; products - wheat, grapes, corn, olives,
         meat, cheese, hides; small numbers of cattle, pigs, horses; depends on Italy
         for food imports
     Economic aid:
         NA
     Currency:
         Italian lira (plural - lire); 1 Italian lira (Lit) = 100 centesimi; also
         mints its own coins
     Exchange rates:
         Italian lire (Lit) per US$1 - 1,248.4 (March 1992), 1,240.6 (1991), 1,198.1
         (1990), 1,372.1 (1989), 1,301.6 (1988), 1,296.1 (1987)
     Fiscal year:
         calendar year