Includes historical data for San Marino’s Gross Domestic Product growth, debt-to-GDP ratio and more, as well as information on trade, banking and financial sector leadership.
Economy Driven By Tourism And Exports
San Marino is one of the world’s smallest countries and the oldest surviving republic. Landlocked within Italy, with an area of just over 60 square kilometers and home to fewer than 35,000 people, it is among the world’s most affluent countries in terms of GDP per capita. The economy thrives on tourism, banking, agriculture, and exports such as ceramics, clothing, fabrics, and collector-favored postage stamps and coins. The country’s relatively low corporate and income taxes attract substantial foreign investment.
Despite these strengths, San Marino grapples with issues such as an aging population, vulnerabilities in its disproportionately large financial sector, and the high economic volatility that is characteristic of microstates.
Macroeconomy & Sovereign Data
| Type of Government | Unitary parliamentary representative democratic republic |
|---|---|
| Capital | San Marino |
| Sovereign Ratings |
S&P: Not rated Moody’s: Not rated Fitch: BB |
| Total Population | 30,000 |
| Median Age | 47.7 |
| Adult Per Capita Income (PPP) | 72,554.51 |
| Total GDP (2023) | 2.0 billion |
San Marino GDP & Economic Overview
Banking & Finance
Trade & Investment
| Total Exports | USD 407.5 million (2023) |
|---|---|
| Leading Exports |
Industrial Washing/Bottling Machinery Packaged Medicines Woodworking Machinery Foodstuffs Aircraft |
| Total Imports | USD 211.5 million (2022) |
| Leading Imports |
Electricity Cars Aluminum Footwear Natural Gas Iron Piping |
| Source: | World Integrated Trade Solution |
San Marino Leading Companies
| Banca di San Marino | Financials |
|---|---|
| Cassa di Risparmio di San Marino | Insurance |
| Alluminio Sammarinese | Industrials, Materials |
| Giochi del Titano | Consumer Discretionary, Gambling |
| San Marino RTV | Media and Communications |
| Mintlayer | Technology, Fintech |
| PromoPharma | Pharmaceuticals |
Global Finance Rankings & Awards
Data Sources:
UN World Population Prospects
World Inequality Report
S&P Global Ratings
Moody’s
Fitch Ratings
IMF Direction of Trade Statistics (DOTS)
UN Conference on Trade and Development (UNCTAD)
CIA The World Factbook
World Bank’s World Integrated Trade Solution
Forbes Global 2000