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: 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: 0 kWh (1998)

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: euros per US$1 - 0.9867 (January 2000), 0.9386 (1999); 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); note - the Vatican lira is at par with the Italian lira which circulates freely

Fiscal year: calendar year