ECONOMY
San Marino's per capita income in 2005 stood at 28,570 Euros (approx. $41,400) with more than 50% coming from the tourism industry, which draws about 2 million people annually.
Traditional economic activities in San Marino were food crops, sheep farming, and stone quarrying. Today farming activities focus on grain, vines, and orchards, as well as animal husbandry (cattle and swine). Besides the tourism industry, San Marino makes most of its income from the banking industry and from the manufacture and export of ceramics, tiles, furniture, clothing, paints, fabrics, and spirits/wines. The per capita level of output and standard of living in San Marino are comparable to those of Italy. In addition, San Marino maintains the lowest unemployment rate in Europe and no national debt.
GDP (2007 estimate): Euros 1.277 billion (approx. $1.85 billion).
Per capita income (2006): Euros 29,560 (approx. $42,560).
GDP growth (2007 est.): 6.3%.
Natural resources: Building stone.
Agriculture: Products--wheat, grapes, maize, olives, cattle, pigs, horses, meat, cheese, hides.
Industry: Types--tourism, textiles, electronics, ceramics, cement, wine.
Trade: Exports (2005)--2.035 billion Euros (approx. $2.9 billion). 90% to Italy. Imports (2005)--2.076 billion Euros (approx. $3.0 billion): manufactured goods, food. Partners--Italy, Western Europe, Eastern Europe, South America, China, Taiwan.
