Vatican City

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Economy

Budget: Revenues (2003) $252 million; expenditures (2003) $264 million. Industries: printing and production of few mosaics and staff uniforms; worldwide banking and financial activities. This unique, non-commercial economy is also 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. The incomes and living standards of lay workers are comparable to, or somewhat better than, those of counterparts who work in the city of Rome.

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Vatican City has used the Euro as its currency since January 1, 2002.

Related Topics:
Euro - January 1 - 2002

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