San Marino Economy - 1986

GEOGRAPHICAL NAMES 

Principal economic activities of San Marino are farming, livestock raising, light manufacturing, and tourism; the largest share of government revenue is derived from the sale of postage stamps throughout the world and from payments by the Italian Government in exchange for Italy’s monopoly in retailing tobacco, gasoline, and a few other goods; main problem is finding additional funds to finance badly needed water and electric power systems expansions

Natural resources- building stones

Agriculture: principal crops are wheat (average annual output about 4,400 metric ton-s/year) and grapes (average annual output about 700 metric tons/year); other grains, fruits, vegetables, and animal feedstuffs are also grown; livestock population numbers roughly 6,000 cows, oxen, and sheep; cheese and hides are most important livestock products

Electric potver: power supplied by Italy (1985)

San Marino

Manufacturing, consists mainly nt cotton textile production at Serravalle, brick and tile production at Dogana, cement production at Acquaviva, Dogan·, and Fiorentino, and pottery production at Borgo Maggiore; some tanned hides, paper, candy, baked goods, Moscato wine, and gold and silver souvenirs are also produced

Foreign transactions dominated by tourism; in summer months 20,000 to 30,000 foreigners visit San Marino every day; several hotels and restaurants have been built in recent years to accommodate them; remittances from Sanmarinese abroad also represent an important net foreign inflow; commodity trade consists primarily of exchanging building stone, lime, wood, chestnuts, wheat, wine, baked goods, hides, and ceramics for a wide variety of consumer manufactures

Monetary conversion rate: 1704.0 Italian lire=US$l (January 1984)

NOTE: The information regarding San Marino on this page is re-published from the 1986 World Fact Book of the United States Central Intelligence Agency and other sources. No claims are made regarding the accuracy of San Marino 1986 information contained here. All suggestions for corrections of any errors about San Marino 1986 should be addressed to the CIA or the source cited on each page.