San Marino: Recent Economic Developments
September 10, 1996
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This paper reviews economic developments in San Marino during 1990–94. The country came through the 1992–93 European recession virtually unscathed and took full advantage of the following recovery. Like surrounding areas of Italy, Sammarinese manufacturing and tourism sectors benefited from the depreciation of the lira after September 1992. In addition, the financial sector boomed as political turmoil in Italy caused large capital inflows. In this environment, the unemployment rate—already well below the European average—dropped to 3.8 percent in December 1995.
Subject: Banking, Budget planning and preparation, Commercial banks, Economic sectors, Employment, Financial institutions, Labor, Public financial management (PFM), Public sector, Social security contributions, Taxes
Keywords: asset float, bank, Budget planning and preparation, Commercial banks, CR, Employment, employment growth, EU firm, Europe, firm, gross investment, ISCR, net, net debt financing, Public sector, Sammarinese firm, San marino employment growth, San marino fiscal policy indicator, Social security contributions, unemployment rate, vis-à-vis firm
Pages:
90
Volume:
1996
DOI:
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Issue:
091
Series:
Country Report No. 1996/091
Stock No:
1SMREA0011996
ISBN:
9781451834802
ISSN:
1934-7685
