Vatican-Souvenir-shop-on-the-roof-of-St-Peter-6653

The economy of Vatican City is 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 Vatican City (), officially the Vatican City State ( it, Stato della Città del Vaticano; la, Status Civitatis Vaticanae),—' * german: Vatikanstadt, cf. '—' (in Austria: ') * pl, Miasto Watykańskie, cf. '—' * pt, Cidade do Vati ...

employed 4,822 people in 2016. 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 Banknotes of the euro, the common currency of the Eurozone (euro area members), have been in circulation since the first series (also called ''ES1'') was issued in 2002. They are issued by the national central banks of the Eurosystem or the Eur ...

. 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. Because of their rarity,

Vatican euro coins Vatican euro coins are issued by the Philatelic and Numismatic Office of the Vatican City State and minted by Istituto Poligrafico e Zecca dello Stato (IPZS), in Rome, Italy. The euro is the official currency of the Vatican City, although Vatican ...

are highly sought by collectors.

Key statistics

;Budget: *''revenues:'' $315 million ''(2013)'' *''expenditures:'' $348 million ''(2013)'' ;Industries: Printing and production of a small amount of mosaics and staff uniforms; worldwide banking and financial activities.'''' ;Electricity – production: 442 MWh (2010) from solar panels. ;Electricity – imports: Electricity supplied by

Italy Italy ( it, Italia ), officially the Italian Republic, ) or the Republic of Italy, is a country in Southern Europe. It is located in the middle of the Mediterranean Sea, and its territory largely coincides with the homonymous geographical ...

. ;Currency:

Euro The euro ( symbol: €; code: EUR) is the official currency of 19 out of the member states of the European Union (EU). This group of states is known as the eurozone or, officially, the euro area, and includes about 340 million citizens . ...

(since 2002). Vatican City depends on

for practical production of banknotes, stamps and other valuable titles. Owing to their rarity,

are sought by collectors. The fiscal year is the calendar year.

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References

* {{DEFAULTSORT:Economy Of Vatican City

Key statistics

See also

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References