Social conditions
San Marino is a welfare state with a compulsory social security system. Visit AbbreviationFinder to see the definitions of SMR and acronym for San Marino. This includes: free health care, old-age pension and sickness and accident compensation and are financed through deductibles and by the state, which also offers extensive family benefits, student support, housing loans and employment services. The country’s youth have previously found it difficult to find housing and work within the country, but in recent years the situation has improved, which has contributed to the increase of the population. Check to see San Marino population.
Economy
| Inflation rate | 1.00% |
| Unemployment rate | 8.1% |
| Gross domestic product (GDP) | $ 2,064,000,000 |
| GDP growth rate | 1.90% |
| GDP per capita | $ 59,000 |
| GDP by sector | |
| Agriculture | 0.10% |
| Industry | 39.20% |
| Service | 60.70% |
| State budget | |
| Revenue | 709.6 million |
| Expenditure | 672.3 million |
| Proportion of the population below the national poverty line | – |
| Distribution of household income | |
| Top 10% | k. A. |
| Lower 10% | k. A. |
| Industrial production growth rate | -1.10% |
| Investment volume | |
| National debt | 24.10% of GDP |
| Foreign exchange reserves | $ 392,000,000 |
| Tourism | 2014 |
| Number of visitors | 75,000 |
HUMAN AND ECONOMIC GEOGRAPHY
Southern European state, enclave of Italy, located in the Tuscan-Emilian Apennines. As of December 2006 the population was 26,000 residents, equal to a density of 475.4 residents / km 2. It is one of the smallest countries in the world and according to the World Bank it benefits from a high income, of which over 50 % comes from tourism: it is visited on average by 3 million people every year. To reduce the state’s dependence on this sector, the government has encouraged the development of some light industries, which process materials imported from Italy. The financial sector is also highly developed, thanks to favorable tax legislation. In December2004 SM signed an important agreement with the European Union relating to the savings income of non-residents, accompanied by a Memorandum of Understanding aimed at safeguarding the local financial system, integrating it at the same time with the European system.