San Marino

Country Summary

2022 population pyramid

Introduction

Background

Geographically the third-smallest state in Europe (after the Holy See and Monaco), San Marino also claims to be the world's oldest republic. According to tradition, it was founded by a Christian stonemason named MARINUS in A.D. 301. San Marino's social and political trends track closely with those of its larger neighbor, Italy.

Geography

Area

total: 61 sq km

land: 61 sq km

water: 0 sq km

Climate

Mediterranean; mild to cool winters; warm, sunny summers

Natural resources

building stone

People and Society

Population

34,682 (2022 est.)

Ethnic groups

Sammarinese, Italian

Languages

Italian

Religions

Roman Catholic

Population growth rate

0.61% (2022 est.)

Government

Government type

parliamentary republic

Capital

name: San Marino (city)

Executive branch

chief of state: co-chiefs of state Captain Regent Oscar MONA and Captain Regent Paolo RONDELLI (for the period 1 April 2022 - 1 October 2022)

head of government: Secretary of State for Foreign and Political Affairs Luca BECCARI (since 8 January 2020)

Legislative branch

description: unicameral Grand and General Council or Consiglio Grande e Generale (60 seats; members directly elected in single- and multi-seat constituencies by list proportional representation vote in 2 rounds if needed; members serve 5-year terms)

Economy

Economic overview

high-income, non-EU European economy; surrounded by Italy, which is the dominant importer and exporter; open border to EU and a euro user; strong financial sector; high foreign investments; low taxation; increasingly high and risky debt

Real GDP (purchasing power parity)

$2.06 billion (2019 est.)

Real GDP per capita

$60,800 (2019 est.)

Agricultural products

wheat, grapes, corn, olives; cattle, pigs, horses, beef, cheese, hides

Industries

tourism, banking, textiles, electronics, ceramics, cement, wine

Exports

$3.827 billion (2011 est.)

Exports - partners

Romania 10%, France 9%, United States 8%, Germany 8%, Poland 6%, Brazil 6%, Russia 6%, Austria 6% (2019)

Exports - commodities

industrial washing/bottling machinery, packaged medicines, woodworking machinery, foodstuffs, aircraft (2019)

Imports

$2.551 billion (2011 est.)

Imports - partners

Germany 21%, Italy 13%, Poland 10%, France 7%, Spain 7%, Belgium 6%, Romania 6% (2019)

Imports - commodities

electricity, cars, aluminum, footwear, natural gas, iron piping (2019)

Exchange rates

euros (EUR) per US dollar -


Page last updated: Monday, July 25, 2022