Neha Patil (Editor)

Economy of Vatican City

Updated on
Edit
Like
Comment
Share on FacebookTweet on TwitterShare on LinkedInShare on Reddit
Currency
  
Euro (EUR)

GDP
  
n/av

Fiscal year
  
Calendar year

Labour force
  
2,832 (December 2011)

Economy of Vatican City

Labour force by occupation
  
note: essentially services with a small amount of industry; nearly all dignitaries, priests, nuns, guards, and the approximately 3,000 lay workers live outside the Vatican

Main industries
  
printing, production of coins, medals, postage stamps, mosaics and staff uniforms and financial services

The unique, noncommercial economy of Vatican City 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.

Key statistics

Budget:

  • revenues: $308 million (2011)
  • expenditures: $326.4 million (2011)
  • Industries

    Printing and production of a small amount of mosaics and staff uniforms; worldwide banking and financial activities

    Electricity – production

    442 MWh (2010) from solar panels.

    Electricity – imports

    Electricity supplied by Italy.

    Currency

    Euro (since 2002). Vatican City depends on Italy for practical production of banknotes, stamps and other valuable titles. Owing to their rarity, Vatican euro coins are sought by collectors.

    The fiscal year is the Calendar year.

    References

    Economy of Vatican City Wikipedia


    Similar Topics