Topic
World
Business | Europe
Online | Europe
Business | Vatican City State (Holy See)
Economy - overview:
This unique,
noncommercial economy is supported financially by an annual contribution
from Roman Catholic dioceses throughout the world (known as Peter's Pence);
by the sale of postage stamps, coins, medals, and tourist mementos; by
fees for admission to museums; and by the sale of publications. Investments
and real estate income also account for a sizable portion of revenue. The
incomes and living standards of lay workers are comparable to those of
counterparts who work in the city of Rome. |
Budget
revenues: $245.2 million
expenditures: $260.4 million, including
capital expenditures of NA (2002)
Currency (code)
euro (EUR)
Currency Exchange Rate
euros per US dollar - 0.8054 (2004),
0.886 (2003), 1.0626 (2002), 1.1175 (2001), 1.0854 (2000)
Fiscal Year
calendar year
Investing
Forex,
Foreign Exchange Market: Currency Trading
Labor Force & Unemployment Rate
Labor force - by occupation:
essentially services with a small amount of industry; note - dignitaries,
priests, nuns, guards, and 3,000 lay workers live outside the Vatican
Unemployment rate:
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