Economy

Economy—overview: This unique noncommercial economy is 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.

Labor force: NA

by occupation: dignitaries priests nuns guards and 3 000 lay workers who live outside the Vatican

Budget:

revenues: $175.5 million

expenditures: $175 million including capital expenditures of $NA (1994)

Industries: printing and production of a small amount of mosaics and staff uniforms; worldwide banking and financial activities

Electricity—capacity: 5 000 kW standby

note: electricity supplied by Italy

Electricity—production: NA kWh

note: electricity supplied by Italy

Electricity—consumption per capita: NA kWh

Currency: 1 Vatican lira (VLit) = 100 centesimi

Exchange rates: Vatican lire (VLit) per US$1—1 787.7 (January 1998) 1 703.1 (1997) 1 542.9 (1996) 1 628.9 (1995) 1 612.4 (1994) 1 573.7 (1993); note—the Vatican lira is at par with the Italian lira which circulates freely

Fiscal year: calendar year