Economy - overview:
This unique, noncommercial economy is supported financially by an
annual tax on Roman Catholic dioceses throughout the world, as well
as by special collections (known as Peter's Pence); the sale of
postage stamps, coins, medals, and tourist mementos; fees for
admission to museums; and 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.
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:
essentially services with a small amount of industry; note -
dignitaries, priests, nuns, guards, and 3,000 lay workers live
outside the Vatican
Budget:
revenues: $173.5 million
expenditures: $176.6 million, including capital expenditures of $NA
(2001)
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 - exports:
0 kWh
Electricity - imports:
NA kWh; note - electricity supplied by Italy
Economic aid - recipient:
none
Currency:
euro (EUR)
Currency code:
EUR
Exchange rates:
euros per US dollar - 1.06 1.1324 (2002), 1.1175 (2001), 1.0854
(2000), 0.9386 (1999)
Fiscal year:
calendar year