San Marino Economic Statistics and Indicators

30, Sep 2020, EDT. Welcome to the San Marino economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: San Marino › Change country
National or Regional Currency: Euro, EUR
Year of data: 2015 › Change year
Number of Indicators Listed: 28
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 32,742 (July 2014 est.)
Area: total: 61 sq km ; land: 61 sq km ; water: 0 sq km
Natural Resources: building stone
Capital: name: San Marino ; geographic coordinates: 43 56 N, 12 25 E ; time difference: UTC+1 (6 hours ahead of Washington, DC, during Standard Time) ; daylight saving time: +1hr, begins last Sunday in March; ends last Sunday in October

San Marino's economy relies heavily on tourism, the banking industry and the manufacture and export of ceramics, clothing, fabrics, furniture, paints, spirits, tiles, and wine. The manufacturing and financial sectors account for more than half of San Marino's GDP. The per capita level of output and standard of living are comparable to those of the most prosperous regions of Italy. The economy benefits from foreign investment due to its relatively low corporate taxes and low taxes on interest earnings. The income tax rate is also very low, about one-third the average EU level. San Marino does not issue public debt securities; when necessary, it finances deficits by drawing down central bank deposits. San Marino's economy has been contracting since 2008, largely due to weakened demand from Italy - which accounts for nearly 90% of its export market - and financial sector consolidation. Difficulties in the banking sector, the recent global economic downturn, and the sizeable decline in tax revenues have contributed to negative real GDP growth. The government has adopted measures to counter the economic downturn, including subsidized credit to businesses and is seeking to shift its growth model away from a reliance on bank and tax secrecy. San Marino continues to work towards harmonizing its fiscal laws with EU and international standards. In September 2009, the OECD removed San Marino from its list of tax havens that have yet to fully adopt global tax standards, and in 2010 San Marino signed Tax Information Exchange Agreements with most major countries. In 2013 San Marino's Government signed a Double Taxation Agreement with Italy, but a referendum on EU membership failed to reach the quorum needed to bring it to a vote.
More on the San Marino Economy
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GDP (Constant Prices, National Currency) for San Marino in year 2015 is EUR 1.247 Billion.

GDP Growth (Constant Prices, National Currency) for San Marino in year 2015 is 0.969 %.

GDP (Current Prices, National Currency) for San Marino in year 2015 is EUR 1.411 Billion.

GDP (Current Prices, US Dollars) for San Marino in year 2015 is US$ 1.566 Billion.

GDP Deflator for San Marino in year 2015 is 113.127 (Index, Base Year as per country's accounts = 100).

GDP Per Capita (Constant Prices, National Currency) for San Marino in year 2015 is EUR 39,709.69 .

GDP Per Capita (Current Prices, National Currency) for San Marino in year 2015 is EUR 44,922.29 .

GDP Per Capita (Current Prices, US Dollars) for San Marino in year 2015 is US$ 49,846.90 .

GDP (PPP), US Dollars for San Marino in year 2015 is US$ 1.982 Billion.

GDP Per Capita (PPP), US Dollars for San Marino in year 2015 is US$ 63,103.95 .

GDP Share of World Total (PPP) for San Marino in year 2015 is 0.002 %.

Implied PPP Conversion Rate for San Marino in year 2015 is 0.712 .

Investment (% of GDP) for San Marino in year 2015 is 16.806 %.

Inflation, Average Consumer Prices (Indexed to Year 2000) for San Marino in year 2015 is 128.99 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for San Marino in year 2015 is 0.4 %.

Inflation, End of Year (Indexed to Year 2000) for San Marino in year 2015 is 130.331 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for San Marino in year 2015 is 0.4 %.

Unemployment Rate (% of Labour Force) for San Marino in year 2015 is 8.439 %.

Population for San Marino in year 2015 is 0.031 Million .

General government revenue (National Currency) for San Marino in year 2015 is EUR 0.308 Billions.

General government revenue (% of GDP) for San Marino in year 2015 is 21.824 %.

General government total expenditure (National Currency) for San Marino in year 2015 is EUR 0.307 Billions.

General government total expenditure (% of GDP) for San Marino in year 2015 is 21.755 %.

Total Government Net Lending/ Borrowing (National Currency) for San Marino in year 2015 is EUR 0.001 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for San Marino in year 2015 is 0.069 %.

Fiscal Year Gross Domestic Product, Current Prices for San Marino in year 2015 is EUR 1.411 Billions.