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<text id=93CT1220>
<title>
San Marino--Economy
</title>
<article><source>CIA Factbook</source><hdr>The World Factbook 1993: San Marino
Economy</hdr><body>
<p>Overview: The tourist industry contributes over 50% of GDP. In
1991 over 3.1 million tourists visited San Marino, 2.7 million
of whom were Italians. The key industries are 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 northern Italy.
</p>
<p>National product: GDP - purchasing power equivalent - $465
million (1992 est.)
</p>
<p>National product real growth rate: NA%
</p>
<p>National product per capita: $20,000 (1992 est.)
</p>
<p>Inflation rate (consumer prices): 5% (1992 est.)
</p>
<p>Unemployment rate: 3% (1991)
</p>
<p>Budget: revenues $NA; expenditures $300 million, including
capital expenditures of $NA (1991)
</p>
<p>Exports: 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
</p>
<p>Imports: see exports
</p>
<p>External debt: $NA
</p>
<p>Industrial production: growth rate NA%; accounts for 42% of
workforce
</p>
<p>Electricity: supplied by Italy
</p>
<p>Industries: wine, olive oil, cement, leather, textile,
tourism
</p>
<p>Agriculture: employs 3% of labor force; products - wheat,
grapes, maize, olives, meat, cheese, hides; small numbers of
cattle, pigs, horses; depends on Italy for food imports
</p>
<p>Economic aid: NA
</p>
<p>Currency: Italian currency is used; note - also mints its own
coins
</p>
<p>Exchange rates: Italian lire (Lit) per US$1 - 1,482.5 (January
1993), 1,232.4 (1992), 1,240.6 (1991), 1,198.1 (1990), 1,372.1
(1989), 1,301.6 (1988)
</p>
<p>Fiscal year: calendar year
</p></body></article></text>