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Holy See (Vatican City) Economy

    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: NA

    Labor force—by occupation: dignitaries, priests, nuns, guards, and 3,000 lay workers who live outside the Vatican

    revenues: $175.5 million
    expenditures: $175 million, including capital expenditures of $NA (1994)

    Industries: printing and production of a small amount of mosaics and staff uniforms; worldwide banking and financial activities

    Electricity—production: 0 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

    Economic aid—recipient: none

    Currency: 1 Vatican lira (VLit) = 100 centesimi

    Exchange rates: Vatican lire (VLit) per US$1—1,688.7 (January 1998), 1,736.2 (1998), 1,703.1 (1997), 1,542.9 (1996), 1,628.9 (1995), 1,612.4 (1994); note—the Vatican lira is at par with the Italian lira which circulates freely

    Fiscal year: calendar year

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Revised 1-Mar-99
Copyright © 1999 Photius Coutsoukis (all rights reserved)