San Marino

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
Total Imports USD 211.5 million (2022)
Leading Imports Electricity
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 

Data Sources:

IMF World Economic Outlook

UN World Population Prospects

World Inequality Report

S&P Global Ratings


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