GEOGRAPHICAL NAMES

Economy - overview:
The Holy See is supported financially by a variety of sources, including investments, real estate income, and donations from Catholic individuals, dioceses, and institutions; these help fund the Roman Curia (Vatican bureaucracy), diplomatic missions, and media outlets. Moreover, an annual collection taken up in dioceses and from direct donations go to a non-budgetary fund, known as Peter's Pence, which is used directly by the Pope for charity, disaster relief, and aid to churches in developing nations. Donations increased between 2010 and 2011. The separate Vatican City State budget includes the Vatican museums and post office and is supported financially by the sale of stamps, coins, medals, and tourist mementos; by fees for admission to museums; and by publications sales. Its revenues increased between 2010 and 2011 because of expanded opening hours and a growing number of visitors. However, the Holy See has not escaped the financial difficulties engulfing other European countries; in 2012 it started a spending review to determine where to cut costs to reverse its 2011 budget deficit of 15 million euros. Most public expenditures go to wages and other personnel costs; the incomes and living standards of lay workers are comparable to those of counterparts who work in the city of Rome.

GDP (purchasing power parity):
$NA
[see also: GDP country ranks ]

Labor force:
2,832 (December 2011) (December 2011)
country comparison to the world: 226
[see also: Labor force country ranks ]

Labor force - by occupation:
note: essentially services with a small amount of industry; nearly all dignitaries, priests, nuns, guards, and the approximately 3,000 lay workers live outside the Vatican

Population below poverty line:
NA%
[see also: Population below poverty line country ranks ]

Budget:
revenues: $308 million
[see also: Budget revenues country ranks ]
expenditures: $326.4 million (2011)

Industries:
printing; production of coins, medals, postage stamps; mosaics and staff uniforms; worldwide banking and financial activities

Exchange rates:
euros (EUR) per US dollar -

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