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TIME: Almanac 1990
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1990 Time Magazine Compact Almanac, The (1991)(Time).iso
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sanmarin.4
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Economy
Overview: The economy relies heavily on the tourist industry
as a source of revenue. 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: $NA, per capita $NA; real growth rate NA%.
Inflation rate (consumer prices): 6.4% (1986).
Unemployment rate: 6.5% (1985).
Budget: revenues $99.2 million; expenditures $NA, including
capital expenditures of $NA (1983).
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.
Imports: see Exports.
External debt: $NA.
Industrial production: growth rate NA%.
Electricity: supplied by Italy.
Industries: wine, olive oil, cement, leather, textile, tourist.
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.
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--1,262.5 (January
1990), 1,372.1 (1989), 1,301.6 (1988), 1,296.1 (1987), 1,490.8
(1986), 1,909.4 (1985).
Fiscal year: calendar year.