San Marino, with a population of approximately 34,000 (2023), is a small landlocked microstate located on the Italian Peninsula, known for its rich history and picturesque landscapes. The economy is primarily service-oriented, with significant contributions from tourism, banking, and manufacturing. Tourism plays a crucial role as visitors are drawn to its medieval architecture, historical sites, and stunning views of the surrounding region. The banking sector is well-developed, providing a range of financial services and attracting international clients. Manufacturing, particularly in ceramics, textiles, and food products, also contributes to the economy. With a GDP estimated at around $2 billion and a per capita income of approximately $58,000 (2023), San Marino maintains a high standard of living despite its small size and limited resources.
The San Marinese government and business community can collaborate with the World Business Council to promote sustainable tourism initiatives, enhance innovation in manufacturing, and strengthen international trade relationships for continued economic development.