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COUNTRY OUTLOOK / SM

San Marino

Foreign currency no independent policy rate · ISO:SM

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Separate policy frameworkTarget · 31 Oct 2026Issued · 15 Sep 2026, 02:54 UTCRESEARCH ONLY
CapitalSan Marino
RegionEurope & Central Asia
Income groupHigh income
CurrencyEuro
GDP$2.03B2023 · current US$
Real GDP growth0.40%2023 · annual %
Population34.11K2025 · people
GDP per capita$59,871.332023 · current US$

Latest available annual observations; years differ by indicator. Monetary values use the stated current-price basis and are not forecasts. World Bank data fetched 2026-09-15.

Economic structure

2023 · share of GDP

Broad sectors use the latest common year. Manufacturing is included in industry. Shares can total less than 100% because of taxes and accounting adjustments.

San Marino's largest reported broad sector is services in 2023.

Monetary & research context

Policy authorityISO:SM
Policy frameworkforeign currency no independent policy rate
Native targetcurrency anchor policy context
Decision evidence0
Calendar evidence0
Communication records0

Evidence counts include research inputs; they do not establish live coverage or independent observations. A country's economic composition is descriptive and does not establish what caused a model forecast.

Country events & results ↗

Explore annual trends

Real GDP growth

0.40% · 2023 · annual %

Real GDP growth · annual %-7.04%3.43%13.90%2012: -7.04453441295546 annual %2013: -0.78397212543554 annual %2014: -0.702370500438988 annual %2015: 2.29150309460655 annual %2016: 2.34441211810459 annual %2017: 0.258259899709444 annual %2018: 1.49390399796074 annual %2019: 2.06569082920953 annual %2020: -6.64791226034481 annual %2021: 13.8977857594089 annual %2022: 7.89844678230362 annual %2023: 0.401932371532837 annual %20122023
View annual observations
YearValue (annual %)
20230.402
20227.898
202113.898
2020-6.648
20192.066
20181.494
20170.258
20162.344
20152.292
2014-0.702
2013-0.784
2012-7.045
World Bank source & definition ↗

Economy

GDP$2.03B2023 · current US$Source & definition ↗
Real GDP growth0.40%2023 · annual %Source & definition ↗
GDP per capita$59,871.332023 · current US$Source & definition ↗
GDP at purchasing power parityInt$ 2.67B2023 · current international $Source & definition ↗

People

Population34.11K2025 · peopleSource & definition ↗
Population growth0.39%2025 · annual %Source & definition ↗
Urban population97.19%2025 · % of populationSource & definition ↗
Life expectancy85.822024 · yearsSource & definition ↗
Unemployment · ILO estimateNot available% of labor force
Labor force participation · ages 15+Not available% of population ages 15+

Sectors

Agriculture, forestry & fishing0.02%2023 · % of GDPSource & definition ↗
Industry including construction35.77%2023 · % of GDPSource & definition ↗
Services56.90%2023 · % of GDPSource & definition ↗
Manufacturing31.77%2023 · % of GDPSource & definition ↗

Trade & investment

Exports of goods & services185.99%2023 · % of GDPSource & definition ↗
Imports of goods & services154.99%2023 · % of GDPSource & definition ↗
Current account balance21.99%2023 · % of GDPSource & definition ↗
Foreign direct investment · net inflows-0.89%2023 · % of GDPSource & definition ↗

Money & public finance

Consumer inflation2.30%2025 · annual %Source & definition ↗
Central government debt99.87%2023 · % of GDPSource & definition ↗
Tax revenue17.27%2023 · % of GDPSource & definition ↗
Government cash surplus / deficitNot available% of GDP
Domestic credit to private sectorNot available% of GDP
Total reserves including gold$861.24M2025 · current US$Source & definition ↗

Infrastructure

Internet use97.35%2024 · % of populationSource & definition ↗
Access to electricity100.00%2024 · % of populationSource & definition ↗

Geography

Surface area602023 · square kmSource & definition ↗

Government debt covers central government, which can differ substantially from general-government debt. Indicator definitions, estimation methods and coverage differ. Latest available does not mean current-year: older observations remain explicitly dated. Source: World Bank WDI and its underlying contributors.

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Every forecast has a boundary.This is a dated research snapshot, not an automatically updating market feed. Source gaps, model limitations, and adverse results are retained.

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