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)


Page last updated: Friday, May 13, 2022