r; the coat of arms has a shield (featuring three towers on
three peaks) flanked by a wreath, below a crown and above a scroll
bearing the word LIBERTAS (Liberty)

Economy

Economy--overview: The tourist sector contributes over 50% of GDP.
In 1995 more than 3.3 million tourists visited San Marino. The key
industries are banking, wearing apparel, electronics, and ceramics.
Main agricultural products are wine and cheeses. The per capita
level of output and standard of living are comparable to those of
Italy, which supplies much of its food.

GDP: purchasing power parity--$500 million (1997 est.)

GDP--real growth rate: NA%

GDP--per capita: purchasing power parity?$20,000 (1997 est.)

GDP--composition by sector:
agriculture: NA%
industry: NA%
services: NA%

Population below poverty line: NA%

Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%

Inflation rate (consumer prices): 5.3% (1995)

Labor force: 15,600 (1995)

Labor force--by occupation: services 55%, industry 43%,
agriculture 2% (1995)

Unemployment rate: 3.6% (April 1996)

Budget:
revenues: $320 million
expenditures: $320 million, including capital expenditures of $26
million (1995 est.)

Industries: tourism, textiles, electronics, ceramics, cement, wine

Industrial production growth rate: NA%

Electricity--production: NA kWh

Electricity--production by source:
fossil fuel: NA%
hydro: NA%
nuclear: NA%
other: NA%

Electricity--consumption: NA kWh

Electricity--exports: NA kWh

Electricity--imports: NA kWh
note: electricity supplied by Italy

Agriculture--products: wheat, grapes, maize, olives; cattle, pigs,
horses, beef, cheese, hides

Exports: trade data are included with the statistics for Italy

Exports--commodities: building stone, lime, wood, chestnuts,
wheat, wine, baked goods, hides, and ceramics

Imports: trade data are included with the statistics for Italy

Imports--commodities: wide variety of consumer manufactures, food

Debt--external: $NA

Economic aid--recipient: $NA

Currency: 1 Italian lira (Lit) = 100 centesimi; note--also mints
its own coins

Exchange rates: Italian lire (Lit) per US$1--1,668.7 (January
1998),1,736.2 (1998), 1,703.1 (1997), 1,542.9 (1996), 1,628.9
(1995), 1,612.4 (1994)

Fiscal year: calendar year

Communications

Telephones: 15,000 (1995 est.)

Telephone system:
domesti