Page last updated on January 28, 2013
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):
[see also: GDP country ranks ]
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:
[see also: Population below poverty line country ranks ]
revenues: $308 million
[see also: Budget revenues country ranks ]
$326.4 million (2011)
printing; production of coins, medals, postage stamps; mosaics and staff uniforms; worldwide banking and financial activities
euros (EUR) per US dollar -
0.7838 (2012 est.)
0.7185 (2011 est.)
0.755 (2010 est.)
0.7198 (2009 est.)
0.6827 (2008 est.)
NOTE: The information regarding Holy See (Vatican City) on this page is re-published from the 2013 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Holy See (Vatican City) Economy 2013 information contained here. All suggestions for corrections of any errors about Holy See (Vatican City) Economy 2013 should be addressed to the CIA.
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This page was last modified 11-Mar-13
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