- Economy of Vatican City
Pope Benedict XVI.] The unique, noncommercial economy of Vatican Cityis 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. Vatican has its own financial system and banks, with interests worldwide. The incomes of lay workers are sensibly better than those of correspondent counterparts who work in the city of Rome. Living standards may be different, at least in their public evidence, due to particular sober lifestyle required.
Population below poverty line:NA%
Household income or consumption by percentage share:
Labor force - by occupation:agriculture NA%, industry NA%, services NA%; note - dignitaries, priests, nuns, guards, and 3,000 lay workers live outside the Vatican
"revenues:" $371.97 million "(2007)"
"expenditures:" $386.27 million "(2007)" [http://www.iht.com/articles/2008/07/09/business/09vatican.php]
Industries:printing and production of a small amount of mosaics and staff uniforms; worldwide banking and financial activities
Electricity - production:0 kWh (1998)
Electricity - imports:NA kWh; note - electricity supplied by Italy
Economic aid - recipient:none
Currency:Since 2002, the Vatican
euro. Previously, 1 Vatican lira (VLit) = 100 centesimi. Vatican depends on Italy for practical production of banknotes, stamps and other valuable titles. Due to its rarity, Vatican euro coins are highly sought by collectors.
Exchange rates:euros per US$1 - 0.9867 (January 2000), 0.9386 (1999); Vatican lire (VLit) per US$1 - 1,688.7 (January 1998), 1,736.2 (1998), 1,703.1 (1997), 1,542.9 (1996), 1,628.9 (1995); note - the Vatican lira is at par with the Italian lira which circulates freely; now this turned into euro equivalence.
Fiscal year:calendar year
Wikimedia Foundation. 2010.
Look at other dictionaries:
Vatican City — State Stato della Città del Vaticano … Wikipedia
Outline of Vatican City — … Wikipedia
Holy See (vatican City) — Introduction Holy See (Vatican City) Background: Popes in their secular role ruled portions of the Italian peninsula for more than a thousand years until the mid 19th century, when many of the Papal States were seized by the newly united Kingdom… … Universalium
Geography of Vatican City — Coordinates: 41°54′10″N 12°27′9″E / 41.90278°N 12.4525°E / 41.90278; 12.4525 … Wikipedia
Holy See (Vatican City) — <p></p> <p></p> Introduction ::Holy See (Vatican City) <p></p> Background: <p></p> Popes in their secular role ruled portions of the Italian peninsula for more than a thousand years until the mid… … The World Factbook
Music of Vatican City — As the seat of the Papacy, the Vatican City and its predecessor, the Papal States, has played an important role in the development of Christian music. They perform chants of ancient origin, such as Gregorian chants, as well as modern polyphonic… … Wikipedia
List of Vatican City-related articles — This page list topics related to Vatican City. NOTOC 0 9A*Apostolic PalaceB*Bishop of RomeC*Christianity *Coat of arms of the Holy See *College of Cardinals *Corps of Gendarmerie of Vatican CityDE*Economy of Vatican CityF*Flag of the Vatican… … Wikipedia
Fundamental Law of Vatican City State — Vatican City State This article is part of the series: Politics and government of Vatican City State Fundamental Law Pope … Wikipedia
Coat of arms of the State of Vatican City — Details Escutcheon Gules, two keys in saltire Or and … Wikipedia
List of newspapers in Vatican City — Below is a list of newspapers published in Vatican City. L Osservatore Romano  See also List of newspapers … Wikipedia