The San Marinese and Italian
economies are closely linked, through a customs union and a shared
currency (although San Marino also mints its own coins). San Marino
receives a yearly subsidy from the Italian Government, in exchange
for its acceptance of Italian customs regulations and exchange
controls.
Much of the statistical data
concerning the economy of San Marino is included in the data for
Italy. San Marino imports most of its food and consumer
manufactures, mostly from Italy. The lack of natural resources in
San Marino means that its manufacturing sector is dependent on
imports of raw materials (including energy), principally from Italy.
Exports include commodities, building stone, lime, wood and
chestnuts. Traditionally San Marino has recorded a budgetary surplus
and a trade deficit
Economic
summary: GDP/PPP (2001 est.): $940 million; per capita $34,600. Real
growth rate: 7.5%. Inflation: 3.3%. Unemployment: 2.6%. Arable land:
17%. Agriculture: wheat, grapes, corn, olives; cattle, pigs, horses,
beef, cheese, hides. Labor force: 18,500 (1999); services 57%,
industry 42%, agriculture 1% (2000 est.). Industries: tourism,
banking, textiles, electronics, ceramics, cement, wine. Natural
resources: building stone. Exports: trade data are included with the
statistics for Italy: building stone, lime, wood, chestnuts, wheat,
wine, baked goods, hides, ceramics. Imports: trade data are included
with the statistics for Italy: wide variety of consumer
manufactures, food.
tourism, banking, textiles, electronics,
ceramics, cement, wine
building stone, lime, wood, chestnuts,
wheat, wine, baked goods, hides, ceramics
trade data are included with the
statistics for Italy
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