Economy of Vatican City
Template:Short description Template:DistinguishTemplate:Infobox economy Template:Vatican city
The economy of Vatican City is mainly supported financially by the sale of stamps, coins, medals, and tourist mementos as well as fees for admission to museums and publication sales. Vatican City employed 4,822 people in 2016.<ref name=":0">Template:Cite web</ref>
The Vatican City receives subsidies from the Italian state, which include the water supply free of charge, tax exemptions and other kinds of dedicated public funding.
Vatican City issues its own coins and stamps. It has used the euro as its currency since 1 January 1999, owing to a special agreement with the European Union (council decision 1999/98). Euro coins and notes were introduced on 1 January 2002—the Vatican does not issue euro banknotes. Issuance of euro-denominated coins is strictly limited by treaty, though somewhat more than usual is allowed in a year in which there is a change in the papacy.<ref>Template:Cite web</ref> Because of their rarity, Vatican euro coins are highly sought by collectors.<ref>Template:Cite web</ref>
| File:1 Cent-Vatican-Franciscus-Series 1.jpg | 1€-Vatican_Franciscus-Revers | File:1€-Vatican-Benedikt XVI-Revers.jpg |
Vatican euro coins with images of Pope Francis and Pope Benedict XVI
Key statistics
[edit]- Budget
- Revenues: €770 million (2021)<ref>Template:Cite web</ref>
- Expenditures: €803 million (2021)
- Deficit: €33m (2021)
- Industries
Printing and production of a small amount of mosaics and staff uniforms; worldwide banking and financial activities.<ref name=":0" />
- Electricity – production
442 MWh (2010) from solar panels.Template:Citation needed
- Electricity – imports
Electricity supplied by Italy.Template:Citation needed
- Currency
Euro (since 2002). Vatican City depends on Italy for practical production of banknotes, stamps and other valuable titles.Template:Citation needed Owing to their rarity, Vatican euro coins are sought by collectors.Template:Citation needed
The fiscal year is the calendar year.Template:Citation needed
See also
[edit]- Secretariat for the Economy
- Index of Vatican City-related articles
- Philatelic and Numismatic Office of the Vatican City State
- Vatican euro coins