Holy See (Vatican City) Economy 2001

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: agriculture NA%, industry NA%, services NA%; note - dignitaries, priests, nuns, guards, and 3,000 lay workers live outside the Vatican

Budget:
revenues: $209.6 million
expenditures: $198.5 million, including capital expenditures of $NA (1997)

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

Electricity - production by source:
fossil fuel: NA%
hydro: NA%
nuclear: NA%
other: NA%

Electricity - consumption: NA kWh

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

Economic aid - recipient: none

Currency: Italian lira (ITL); euro (EUR)

Currency code: ITL; EUR

Exchange rates: euros per US dollar - 1.0659 (January 2001), 1.0854 (2000), 0.9386 (1999); Vatican lire per US dollar - 2,099 (2000), 1817.2 (1999), 1,736.2 (1998), 1,703.1 (1997), 1,542.9 (1996); note - the Vatican lira is at par with the Italian lira; the Vatican will start using euros in 2002 in conjunction with Italy at a fixed rate of 1,936.17 lire per euro

Fiscal year: calendar year

NOTE: The information regarding Holy See (Vatican City) on this page is re-published from the 2001 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Holy See (Vatican City) Economy 2001 information contained here. All suggestions for corrections of any errors about Holy See (Vatican City) Economy 2001 should be addressed to the CIA.