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Economy of The Vatican

The Vatican is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. As a developed nation, The Vatican is able to provide its citizens with social services like public education, healthcare, and law enforcement. Citizens of developed nations enjoy a high standard of living and longer life expectancies than citizens of developing nations. Each year, The Vatican exports around $0.0273 billion and imports roughly $0.3 billion. 0% of population in the country are unemployed. The total number of unemployed people in The Vatican is 0. The Gini Index of the country is 35.16. The Vatican is experiencing good equality. The majority of citizens in The Vatican fall within a narrow range of income, although some cases may show significant differences. The strength of legal rights index for The Vatican is 1. Overall, it is considered to be rather weak - bankrupcy and collateral laws are unable to protect the rights of borrowers and lenders in case of credit-related complications; credit information, if any at all, is scarce and hardly accessible.

Currency

The currency of The Vatican is euro. There are several plural forms of the name 'euro'. These are euro, euros. The symbol used for this currency is €, and it is abbreviated as EUR. The euro is divided into Cent; there are 100 in one euro.

Credit rating

Credit rating is the extent to which international investors trust a country in paying debts and upholding the country's obligations in terms of crediting. There is no information on the credit rating of The Vatican.

Central bank

In The Vatican, the institution that manages the state's currency, money supply, and interest rates is called Administration of the Patrimony of the Apostolic See. Locally, the central bank of The Vatican is called Amministrazione del Patrimonio della Sede Apostolica.

Public debt

The government debt of The Vatican has not been calculated yet.

Tax information

The corporate tax in The Vatican is set at 0%. Personal income tax ranges from 0% to 0%, depending on your specific situation and income level. VAT in The Vatican is 0%.

Finances

To read more about financial information click on finances of The Vatican.

Industry

Major industries in the country are printing, production of coins, medals, postage stamps, mosaics, staff uniforms, worldwide banking and financial activities, religious services. The total labor force of The Vatican is 839 people, wherein 0% of population in the country are unemployed. The total number of unemployed people in The Vatican is 0. To read more about industrial information within The Vatican click on industry of The Vatican.

Agriculture

There are 0 km2 of arable land in The Vatican, There are 0 km2 of cultivated land in The Vatican. To read more about agriculture click on agriculture of The Vatican.