Tag Archives: San Marino

According to allcountrylist, the economy of San Marino is divided into four main sectors: industry, agriculture, services and tourism. Industry accounts for around 31% of the country’s GDP and includes manufacturing, mining, energy production and fishing. Agriculture is the second largest sector in San Marino accounting for around 15% of its GDP. It includes crop production, livestock breeding and forestry. Services are the third largest sector in San Marino accounting for roughly 53% of its GDP. This includes financial services, retail trade, transportation and communication services as well as health care and education services. Lastly, tourism is the fourth largest sector in San Marino accounting for around 1% of its GDP. This includes activities related to hotels, restaurants, transportation services as well as other attractions such as beaches or national parks. In terms of economic growth over the past few years, San Marino has experienced a period of steady growth since 2013 with real GDP increasing by an average rate of 2-3%. This has been driven mainly by strong performance in both industry and services which have grown at rates between 4-5%, while agriculture has seen positive growth at a rate between 0-1%. Tourism has seen relatively stagnant due to weak demand from both domestic and foreign sources. Overall, these sectors have contributed positively to San Marino’s economy with strong performance in both industry and services being particularly important for driving economic growth over this period. San Marino’s agricultural history dates back to the days of its founding in the 4th century. In those days, it was mostly a subsistence farming economy that relied on crops such as wheat, olives, beans, and grapes. Over time, other crops such as potatoes and corn were introduced into San Marino’s agricultural production. As the population grew, so did the demand for food which led to increased production of cereals and fruits. The 19th century saw an increase in wine production in San Marino due to the introduction of new grape varieties such as Sangiovese and Trebbiano. The country also began producing olive oil on a larger scale during this time period. By the early 20th century, San Marino had become one of the largest producers of olive oil in Europe. During World War II, San Marino’s agricultural sector suffered due to a lack of labor and resources. After the war ended, there was an effort by the government to modernize agriculture which included introducing new technologies and techniques such as irrigation systems and chemical fertilizers. Today, San Marino is still largely reliant on its agricultural sector with most of its exports coming from food products such as cheese, wine and olive oil. See collegesanduniversitiesinusa for San Marino Education and Training.