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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 foreign policy is aligned with that of the EU, although it is not a member; social and political trends in the republic track closely with those of its larger neighbor, Italy.

Location

Southern Europe, an enclave in central Italy

Natural Resources

building stone

Population - distribution

Italian
SAN MARINO 4,000 (2014)
Conventional long form
Republic of San Marino
Conventional short form
San Marino
Local long form
Repubblica di San Marino
Local short form
San Marino
parliamentary republic
Name
San Marino
Geographic coordinates
43 56 N, 12 25 E
Time difference
UTC+1 (6 hours ahead of Washington, DC, during Standard Time)
Daylight saving time
+1hr, begins last Sunday in March; ends last Sunday in October
has not submitted an ICJ jurisdiction declaration; accepts ICCt jurisdiction
San Marino's economy relies heavily on tourism, banking, and the manufacture and export of ceramics, clothing, fabrics, furniture, paints, spirits, tiles, and wine. The manufacturing and financial sectors account for more than half of San Marino's GDP. The per capita level of output and standard of living are comparable to those of the most prosperous regions of Italy.
Inflation
1.113%
Total tax rate (% of commercial profits)
35.4%
Real Interest Rate
4.516%
Manufacturing, value added (% of GDP)
None%
Current Account Balance
US$
Labor Force, Total
Employment in Agriculture
0.33%
Employment in Industry
32.56%
Employment in Services
67.11%
Unemployment Rate
2.60%
Imports of goods and services
US$
Exports of goods and services
US$
Total Merchandise Trade
%
FDI, net inflows
US$
Commercial Service Exports
US$
wheat, grapes, corn, olives; cattle, pigs, horses, beef, cheese, hides
tourism, banking, textiles, electronics, ceramics, cement, wine
Commodities
building stone, lime, wood, chestnuts, wheat, wine, baked goods, hides, ceramics
Partners
Italy 82.3% (2012 est.)
Commodities
wide variety of consumer manufactures, food, energy
Partners
Italy 81.8% (2012 est.)
Country Risk Rating
Business Climate Rating

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