San Marino’s economyThe management of money, currency and trade of a nation. The... relies heavily on tourism, banking, and the manufacture and export of ceramics, clothing, fabrics, furniture, paints, spirits, tiles, and wine. The manufacturing and financial sectors account for more than half of San Marino’s GDP. The per capitaFor each person in the population. Per head. An expression o... level of output and standard of living are comparable to those of the most prosperous regions of Italy.
San Marino’s economyThe management of money, currency and trade of a nation. The... has been contracting since 2008, largely due to weakened demand from Italy – which accounts for nearly 90% of its export marketThe commercial activity of buying and selling goods and serv... – and financial sector consolidation. Difficulties in the banking sector, the recent global economic downturn, and the sizable decline in taxA fee imposed by a government on personal or corporate incom... revenues have contributed to negative real GDP growth. The government has adopted measures to counter the downturn, including subsidized creditAn arrangement in which an item for sale is received by the ... to businesses and is seeking to shift its growth model away from a reliance on bank and taxA fee imposed by a government on personal or corporate incom... secrecy. San Marino does not issue public debtAlso known as National Debt. The total amount of money owed ... securities; when necessary, it finances deficits by drawing down central bank deposits.
The economyThe management of money, currency and trade of a nation. The... benefits from foreign investmentMoney or capital that is invested in a business or in an acc... due to its relatively low corporate taxes and low taxes on interest earnings. The income taxA tax paid by individuals to the government, the amount of w... rate is also very low, about one-third the average EU level. San Marino continues to work towards harmonizing its fiscal laws with EU and international standards. In September 2009, the OECD removed San Marino from its list of taxA fee imposed by a government on personal or corporate incom... havens that have yet to fully adopt global taxA fee imposed by a government on personal or corporate incom... standards, and in 2010 San Marino signed TaxA fee imposed by a government on personal or corporate incom... Information Exchange Agreements with most major countries. In 2013, the San Marino Government signed a DoubleIn the film and TV industry, a person who stands in, or is s... Taxation Agreement with Italy, but a referendum on EU membership failed to reach the quorumThe minimum number of people who must attend a meeting in or... needed to bring it to a vote.
Important Details
- Country ISO3 : SMR
- Country Code : 674
- Income Group : High Income
- Lending Category : P2PPeer-to-peer is a model for computer connectivity and file-
- Region : Europe and Central Asia
- Currency Unit: Euro (EUR)
- WTO Member : No
- TradeThe buying and selling or exchange of goods and services. Th... organisations : NA
- world rank : NA
- Regional Ranking : NA