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1994-05-02
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<text>
<title>
Vatican City: Economy
</title>
<article><hdr>The World Factbook 1993: Holy See (Vatican City)
Economy</hdr><body>
<p>Overview: This unique, noncommercial economy is supported
financially by contributions (known as Peter's Pence) from Roman
Catholics throughout the world, the sale of postage stamps and
tourist mementos, fees for admission to museums, and the sale of
publications. The incomes and living standards of lay workers are
comparable to, or somewhat better than, those of counterparts who
work in the city of Rome.
</p>
<p>Budget: revenues $86 million; expenditures $178 million, including
capital expenditures of $NA (1993 est.)
</p>
<p>Electricity: 5,000 kW standby capacity (1992); power supplied by
Italy
</p>
<p>Industries: printing and production of a small amount of mosaics
and staff uniforms; worldwide banking and financial activities
</p>
<p>Currency: 1 Vatican lira (VLit)=100 centesimi
</p>
<p>Exchange rates: Vatican lire (VLit) per US$1 - 1,482.5 (January
1993), 1,232.4 (1992), 1,240.6 (1991), 1,198.1 (1990), 1,372.1
(1989), 1,301.6 (1988); note - the Vatican lira is at par with the
Italian lira which circulates freely
</p>
<p>Fiscal year: calendar year
</p></body></article></text>