Economy of San Marino
An overview of key economic indicators. Select a category for detailed trends, charts, and insights.
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Economic Snapshot Overview
A summary of key economic indicators for San Marino
- The economic architecture of San Marino is substantial, anchored by a Gross Domestic Product (GDP) of approximately $1.83B2022. This places it as the 176th largest economy out of 192 countries measured, underscoring its significance on the world stage. On a per capita basis, GDP stands at $54.26K2022, while its GDP adjusted for Purchasing Power Parity (PPP) is estimated at $2.56B, offering a clearer picture of the population's domestic purchasing power. The economy is experiencing a period of vigorous expansion, with a high growth rate of 7.9%2022, accompanied by a stable price environment, with inflation (CPI) contained at 1.2%.2024
- On the global stage, San Marino's trade and financial dynamics reveal a complex interplay of international and domestic factors. The country maintains a strong export-oriented economy, reflected in a significant trade surplus, with exports representing 197.4% of GDP compared to imports at 173.0%2022. Furthermore, personal remittances from its diaspora are a vital component of the economy, amounting to a substantial $21.86M annually2023. Fiscal capacity is adequate, with tax collections representing 17.8% of GDP, supporting core state functions.2022
- The socio-economic landscape is characterized by a Gross National Income (GNI) per capita of $53,9302022, ranking the nation 19th out of 191. This figure provides a comprehensive measure of the average income per person, reflecting the nation's overall economic well-being.
Key Economic Insights
Macroeconomic Health
Balancing growth, inflation, and employment remains the core challenge for economic stewardship.
Trade & Investment Profile
The orientation towards global trade and foreign investment is a defining feature of the economic landscape.
Social Equity & Distribution
Ensuring equitable distribution of economic gains is fundamental for long-term social and political stability.
Energy & Sustainability
The transition to a sustainable energy framework is paramount for mitigating climate risk and securing future energy needs.
Note: The information on this page has been compiled from authoritative sources. While every effort is made to ensure accuracy, please note that some figures may not be current or entirely precise.