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 |
Population below poverty line: |
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 |
Budget: |
revenues: $247 million expenditures: $243 million; including capital expenditures of NA (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 |
Economic aid - recipient: |
$0 |
Currency: |
Euro (EUR)
Current Euro Exchange Rates Historical Euro Exchange Rates Chart Euro Exchange Rates |
Currency code: |
EUR |
Exchange rates: |
euros per US dollar - 0.7964 (2006), 0.8041 (2005), 0.8054 (2004), 0.886 (2003), 1.0626 (2002) |
Fiscal year: |
calendar year |