Country Summary
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)
Page last updated: Friday, May 13, 2022