San Marino, officially the Republic of San Marino, also known as the Most Serene Republic of San Marino is an enclaved microstate surrounded by Italy, situated on the Italian Peninsula on the northeastern side of the Apennine Mountains. Its size is just over 61 km and has an estimated population of about 32,000. Its capital is the City of San Marino and its largest city is Dogana. San Marino has the smallest population of all the members of the Council of Europe.
The country’s economy mainly relies on finance, industry, services and tourism. Despite having an extremely small economy for a nation state, it is one of the wealthiest countries in the world in terms of GDP (per capita), with a figure comparable to the most developed European regions. San Marino is considered to have a highly stable economy, with one of the lowest unemployment rates in Europe, no national debt and a budget surplus. It is the only country with more vehicles than people.
The country’s economy mainly relies on finance, industry, services and tourism. Despite having an extremely small economy for a nation state, it is one of the wealthiest countries in the world in terms of GDP (per capita), with a figure comparable to the most developed European regions. San Marino is considered to have a highly stable economy, with one of the lowest unemployment rates in Europe, no national debt and a budget surplus. It is the only country with more vehicles than people.
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