Holy See (Vatican City) Economy 2007

Economy - overview:
This unique, noncommercial economy is supported financially by an annual contribution (known as Peter's Pence) from Roman Catholic dioceses throughout the world; by the sale of postage stamps, coins, medals, and tourist mementos; by fees for admission to museums; and by the sale of publications. Investments and real estate income also account for a sizable portion of revenue. The incomes and living standards of lay workers are comparable to those of counterparts who work in the city of Rome.

GDP (purchasing power parity):
$NA

Labor force:
NA

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

Population below poverty line:
NA%

Budget:
revenues: $247 million
expenditures: $243 million (2005)

Industries:
printing; production of coins, medals, postage stamps; a small amount of mosaics and staff uniforms; worldwide banking and financial activities

Electricity - production:
NA kWh

Electricity - consumption:
NA kWh

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

Currency (code):
euro (EUR)

Exchange rates:
euros per US dollar - 0.7964 (2006), 0.8041 (2005), 0.8054 (2004), 0.886 (2003), 1.0626 (2002)