Economy of Vatican City

Economy of Vatican City

View of St. Peter's Square from the top of Michelangelo's dome
Currency	Euro (EUR)
Fiscal year	Calendar year
Statistics
GDP	19.80 M
GDP growth	0%
GDP per capita	US$27,461
Inflation (CPI)	6.9%
Population below poverty line	0%
Gini coefficient	35.16
Labour force	4,822 (2016)
Labour 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
Main industries	printing, production of coins, medals, postage stamps, mosaics and staff uniforms and financial services
Public finances
Revenues	$315 million (2013)
Expenses	$334 million (2013)
All values, unless otherwise stated, are in US dollars.

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Law Acta Apostolicae Sedis Fundamental Law of Vatican City State Capital punishment in Vatican City Crime in Vatican City Lateran Treaty Legal status of the Holy See (Alperin v. Vatican Bank) (Doe v. Holy See) Temporal power of the Holy See Tribunal of Vatican City State Canon law 1983 Code of Canon Law Code of Canons of the Eastern Churches Apostolic Constitution Pastor Bonus LGBTQ rights in Vatican City
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Symbols Flag List of Papal flags Anthem Coat of arms of Vatican City 00120 (Vatican postcode) Papal tiara Papal coronation
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Buildings/geography Apostolic nunciature Apostolic Palace Basilica di Santa Maria Maggiore Borgia Apartments Bramante Staircase Domus Sanctae Marthae Fountains of St. Peter's Square Gardens of Vatican City Geography of Vatican City Gregorian Tower Mater Ecclesiae (monastery) Monument to the Royal Stuarts Palace of the Holy Office Palazzi Pontifici Papal Apartments Saint Peter's Basilica Saint Peter's Square Saint Peter's tomb Lateran Basilica Lateran Palace Leonine City Niccoline Chapel Old St. Peter's Basilica Papal tombs Papal tombs in Old St. Peter's Basilica Paul VI Audience Hall Tomb of the Julii Torre San Giovanni Scala Regia Via della Conciliazione Vatican Climate Forest Vatican Heliport Vatican Hill Vatican Necropolis Papal Concert to Commemorate the Shoah Postage stamps and postal history of Vatican City Public holidays in Vatican City Vatican Secret Archives St. Peter's Baldachin Sala Regia San Pellegrino in Vaticano Sant'Anna dei Palafrenieri Santa Maria della Pietà in Camposanto dei Teutonici Vatican Advanced Technology Telescope Vatican Observatory Vatican Pharmacy Bibliotheca Palatina Cappella Giulia Cappella Paolina Cardinal Secretary of State Casina Pio IV Circus of Nero Redemptoris Mater Chapel Saints Martin and Sebastian of the Swiss Santo Stefano degli Abissini Santo Stefano degli Ungheresi Teutonic Cemetery Cortile del Belvedere Passetto di Borgo Porta San Pellegrino
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The economy of Vatican City is mainly supported financially by the sale of stamps, coins, medals, and tourist mementos as well as fees for admission to museums and publication sales. Vatican City employed 4,822 people in 2016.^[1]

The Vatican City receives subsidies from the Italian state, which include the water supply free of charge, tax exemptions and other kinds of dedicated public funding.

Vatican City issues its own coins and stamps. It has used the euro as its currency since 1 January 1999, owing to a special agreement with the European Union (council decision 1999/98). Euro coins and notes were introduced on 1 January 2002—the Vatican does not issue euro banknotes. Issuance of euro-denominated coins is strictly limited by treaty, though somewhat more than usual is allowed in a year in which there is a change in the papacy.^[2] Because of their rarity, Vatican euro coins are highly sought by collectors.^[3]

Budget

• revenues: €770 million (2021)^[4]
• expenditures: €803 million (2021)
• deficit: €33m (2021)

Industries

Printing and production of a small amount of mosaics and staff uniforms; worldwide banking and financial activities.^[1]

Electricity – production

442 MWh (2010) from solar panels.^{[citation needed]}

Electricity – imports

Electricity supplied by Italy.^{[citation needed]}

Currency

Euro (since 2002). Vatican City depends on Italy for practical production of banknotes, stamps and other valuable titles.^{[citation needed]} Owing to their rarity, Vatican euro coins are sought by collectors.^{[citation needed]}

The fiscal year is the calendar year.^{[citation needed]}

• Secretariat for the Economy
• Index of Vatican City-related articles
• Philatelic and Numismatic Office of the Vatican City State
• Vatican euro coins

•  This article incorporates public domain material from The World Factbook (2025 ed.). CIA. (Archived 2013 edition.)