San Marino's Macroeconomic Analysis:
Nominal GDP of USD 1.82 billion in 2022.
GDP per capita of USD 53,597 compared to the global average of USD 10,589.
Average real GDP growth of 1.4% over the last decade.
Main Economic Indicators
Economic growthThe economy recorded average annual growth of 1.4% in the decade to 2022. To read more about GDP growth in San Marino, go to our dedicated page.
Fiscal policy
San Marino's fiscal deficit averaged 6.4% of GDP in the decade to 2022. Find out more on our dedicated page.
Inflation
Inflation averaged 13.1% in the decade to 2023. Go to our San Marino inflation page for extra insight.
Monetary Policy
San Marino's monetary policy rate ended 2023 at 5.63%, down from 6.62% a decade earlier. See our San Marino monetary policy page for additional details.
Exchange Rate
From end-2014 to end-2024 the euro weakened by 20% vs the U.S. dollar. For more info on the euro, click here.
San Marino Economic Forecasts
Projections out to 2029.30 indicators covered including both annual and quarterly frequencies.
Consensus Forecasts based on a panel of 2 expert analysts.
Want to get insight on the economic outlook for San Marino in the coming years? FocusEconomics collects projections out to 2029 on 30 economic indicators for San Marino from a panel of 2 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts, and averaged to provide one Consensus Forecast you can rely on for each indicator. This means you avoid the risk of relying on out of date, biased or outlier forecasts. Our Consensus Forecasts can be visualized in whichever way best suits your needs, including via interactive online dashboards , direct data delivery and executive-style reports which combine analysts' projections with timely written analysis from our in-house team of economists on the latest developments in the San Marino economy. To download a sample report on the San Marino's economy, click here. To get in touch with our team for more information, fill in the form at the bottom of this page.
San Marino Economic Indicators
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Population (million) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| GDP (LCU bn) | 1.4 | 1.6 | 1.7 | - | - |
| Economic Growth (Nominal GDP, ann. var. %) | -6.4 | 16.1 | 10.8 | - | - |
| Economic Growth (GDP, ann. var. %) | -6.8 | 14.2 | 7.9 | - | - |
| Fiscal Balance (% of GDP) | -36.6 | -14.5 | 1.7 | - | - |
| Public Debt (% of GDP) | 71.6 | 81.3 | 74.5 | - | - |
| Inflation (CPI, ann. var. %, eop) | 12.2 | 15.8 | 24.2 | 28.0 | 30.0 |
| Inflation (CPI, ann. var. %, aop) | 12.3 | 14.2 | 20.2 | 27.4 | 28.9 |
| Policy Rate (%, eop) | 3.73 | 3.53 | 3.80 | 5.63 | - |