San Marino: economy

What is San Marino's GDP?

San Marino's nominal GDP was €1,929.7 million in 2024, and real GDP grew by 1.0%, according to the National Statistics Office's selected economic indicators table (updated July 2026). Growth was 0.4% in 2023 and 7.9% in 2022.

The same table shows IMF projections from the September 2025 Article IV mission for later years: real growth of 1.5% in 2025 and 1.3% in 2026, which are forecasts, not results. The office's Relazione economico-statistica 2026 says 2024 growth was driven by domestic demand, with private consumption supported by the labour market and rising real incomes, while goods exports were weaker.

Official sources: UNS: Indicatori economici selezionati (XLSX) · Ufficio Nazionale di Statistica: Relazione economico-statistica 2026 (PDF)

How are San Marino's exports doing?

San Marino's exports fell by 0.8% in real terms in 2024 and imports by 0.7%, according to the National Statistics Office's selected economic indicators table. In 2023 exports fell by 5.1%, after rises of 28.3% in 2021 and 14.8% in 2022.

The Relazione economico-statistica 2026 notes that manufacturing slowed in 2024, partly because some tax incentives in Italy ended, and that services benefited from strong tourism in the region. IMF projections in the table show export growth of 1.4% for 2025.

Official sources: UNS: Indicatori economici selezionati (XLSX) · Ufficio Nazionale di Statistica: Relazione economico-statistica 2026 (PDF)

How fast is San Marino's economy growing?

The World Bank puts real GDP growth in San Marino at 0.4% in 2023. Its high point since 2005 was 2021, at 13.9%; its low point was 2009, at -10.3%. It is 37th highest of 51 in Europe & Central Asia, where the median is 2.1%. Of 187 countries with 2023 data, 158th highest.

How rich is San Marino per person?

$59,871: that is GDP per person in San Marino for 2023, according to the World Bank. Since 2005 it has ranged from $43,147 (2015) to $75,902 (2008). Europe & Central Asia median: $26,125; San Marino is 10th highest of 52. Of 187 countries with 2023 data, 14th highest.

What is San Marino's GDP per person adjusted for prices?

According to the World Bank, GDP per person at purchasing power parity in San Marino was $78,810 in international dollars in 2023. That is the highest since at least 2005. Europe & Central Asia median: $48,116 in international dollars; San Marino is 7th highest of 50. Worldwide: 11th of 184.

How big are San Marino's exports?

In 2023, exports of goods and services in San Marino was 186.0% of GDP, according to the World Bank. Its high point since 2015 was 2022, at 197.4% of GDP; its low point was 2019, at 164.0% of GDP. Across Europe & Central Asia the middle value was 49.3% of GDP, and San Marino placed 2nd highest of 49. World rank, highest first: 2nd of 165.

What is San Marino's current account balance?

According to the IMF, the current account balance in San Marino was 22.0% of GDP in 2023. No year since 2017 has been higher. It is 1st highest of 49 in Europe & Central Asia, where the median is -0.1% of GDP. Worldwide: 3rd of 172.

How much foreign direct investment goes into San Marino?

In 2023, net inflows of foreign direct investment in San Marino was -0.9% of GDP, according to the IMF. Across Europe & Central Asia the middle value was 2.1% of GDP, and San Marino placed 44th highest of 50. World rank, highest first: 168th of 183.

What interest rate do banks charge in San Marino?

4.6%: that is the average bank lending rate in San Marino for 2025, according to the IMF. The peak was 7.9% in 2008 and the low 2.5% in 2015. It is 14th highest of 17 in Europe & Central Asia, where the median is 8.0%. Of 73 countries with 2025 data, 67th highest.