Economy of San Marino
An overview of key economic indicators. Select a category for detailed trends, charts, and insights.
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Growth & Output
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Labor & Income
Energy & Environment
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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 175th largest economy out of 191 countries measured, underscoring its significance on the world stage. On a per capita basis, GDP stands at $54.26K2022, while its GDP in Purchasing Power Parity (PPP) terms is estimated at $2.56B, reflecting the population's domestic purchasing power. The economy is experiencing robust expansion, with a high growth rate of 7.9%2022, accompanied by stable price levels, with inflation (CPI) at 1.2%2024.
- On the global stage, the nation's trade and financial dynamics reveal a complex interplay of factors. The country maintains a strong trade surplus, with exports representing 197.4% of GDP and imports 173.0%2022. Additionally, personal remittances received amount to a substantial $21.86M annually2023, highlighting the economic importance of its diaspora. Fiscal capacity is moderate, with tax revenue at 17.8% of GDP2022.
- The socio-economic landscape is characterized by a Gross National Income (GNI) per capita of $53,9302022. Globally, this ranks the nation 19th out of 190 in terms of GNI per capita, providing a clear measure of its national wealth relative to others.
Key Economic Insights
Macroeconomic Health
Maintaining a balance between growth, inflation, and employment is the central challenge for economic policymakers.
Trade & Investment Profile
The degree of openness to trade and foreign investment is a major determinant of economic structure and resilience.
Social Equity & Distribution
Distributing the benefits of economic growth equitably is crucial for social cohesion and long-term stability.
Energy & Sustainability
Transitioning to a sustainable energy model is critical for mitigating climate risk and ensuring long-term energy security.
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.