Short facts about the economy in Vatican City
| Economy -
overview: |
This unique, noncommercial economy is
supported financially by contributions (known as Peter's Pence) from Roman
Catholics throughout the world, the sale of postage stamps and tourist mementos,
fees for admission to museums, and the sale of publications. The incomes and
living standards of lay workers are comparable to, or somewhat better than,
those of counterparts who work in the city of
Rome. |
| Population
below poverty line: |
NA% |
| Household
income or consumption by percentage share: |
lowest 10%: NA%
highest 10%:
NA% |
| Labor force
- by occupation: |
agriculture NA%, industry NA%, services
NA%; note - dignitaries, priests, nuns, guards, and 3,000 lay workers live
outside the Vatican |
| Budget: |
revenues: $209.6 million
expenditures: $198.5 million, including
capital expenditures of $NA (1997) |
| Industries: |
printing and production of a small
amount of mosaics and staff uniforms; worldwide banking and financial
activities |
| Electricity
- production by source: |
fossil fuel: NA%
hydro: NA%
nuclear:
NA%
other: NA% |
| Electricity
- consumption: |
NA kWh |
| Electricity
- imports: |
NA kWh; note - electricity supplied by
Italy |
| Economic aid
- recipient: |
none |
| Currency: |
Italian lira (ITL); euro
(EUR) |
| Exchange
rates: |
euros per US dollar - 1.0659 (January
2001), 1.0854 (2000), 0.9386 (1999); Vatican lire per US dollar - 2,099 (2000),
1817.2 (1999), 1,736.2 (1998), 1,703.1 (1997), 1,542.9 (1996); note - the
Vatican lira is at par with the Italian lira; the Vatican will start using euros
in 2002 in conjunction with Italy at a fixed rate of 1,936.17 lire per
euro |
| Fiscal
year: |
calendar year | Source: World Factbook |
