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Prices & public finance · Europe & Central Asia · High income
San Marino: prices, money and public finance
Inflation is 2.3% (2025), 113th of 180 in the world and 38th of 49 in Europe & Central Asia. GDP deflator is 7.4% (2023), 38th of 209 in the world and 9th of 56 in Europe & Central Asia. Lending rate is 4.6% (2025), 123rd of 136 in the world and 21st of 24 in Europe & Central Asia.
Inflation
San MarinoEurope & Central AsiaHigh incomeWorld
GDP deflator
San MarinoEurope & Central AsiaHigh incomeWorld
10 indicators
Prices & public finance: San Marino in detail
Latest reported value, world rank and rank within Europe & Central Asia; values around 2000, 2010, 2020; group and world columns are World Bank aggregates.
| Indicator | Latest | World rank | In region | ~2000 | ~2010 | ~2020 | 10-year change | Region | Income group | World | Since 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| InflationInflation, consumer prices, annual % | 2.3%2025 | 113/180 | 38/49 | · | 2.6% | -0.1% | +2.1 ppsince 2015 | 3.7% | 2.3% | 3.0% | |
| GDP deflatorInflation, GDP deflator, annual % | 7.4%2023 | 38/209 | 9/56 | 2.6% | 1.4% | 0.3% | +5.4 ppsince 2013 | 3.6% | 2.6% | 3.3% | |
| Lending rateLending interest rate, % | 4.6%2025 | 123/136 | 21/24 | 8.1%2001 | 5.4% | 3.7% | +2.1 ppsince 2015 | — | — | — | |
| Real interest rateReal interest rate, % | -1.6%2023 | 122/136 | 23/24 | 5.3%2001 | 3.9% | 3.4% | −6.1 ppsince 2013 | — | — | — | |
| Exchange rateOfficial exchange rate, local currency per US$ | 0.892025 | 177/210 | 31/57 | 1.08 | 0.75 | 0.88 | −1.6%since 2015 | — | — | — | |
| Tax revenueTax revenue, % of GDP | 17.3%2023 | 70/142 | 38/48 | 18.1%2002 | 15.6% | 16.1% | +0.2 ppsince 2013 | 19.7% | 15.3% | 13.9% | |
| Government revenueGovernment revenue excluding grants, % of GDP | 41.2%2023 | 12/142 | 8/48 | 35.7%2002 | 37.4% | 39.7% | −0.5 ppsince 2013 | 34.7% | 26.3% | 24.0% | |
| Government expenseGovernment expense, % of GDP | 40.5%2023 | 16/142 | 11/47 | 36.0%2002 | 37.3% | 47.4% | −5.5 ppsince 2013 | 38.9% | 30.1% | 28.5% | |
| Government debtCentral government debt, % of GDP | 99.9%2023 | 9/78 | 3/19 | 12.7%2002 | 55.0% | 98.3% | +45.8 ppsince 2013 | — | — | — | |
| Reserves, months of importsTotal reserves in months of imports | 2.62024 | 122/165 | 31/49 | · | · | 3.8 | — | 6.3 | 7.9 | 8.6 |
Source: World Bank, World Development Indicators (CC BY 4.0)“·” — no value reported within two years of that date. World rank counts countries with a recent value.
Better than ten years ago
No rated indicator improved over the decade.
Worse than ten years ago
- Inflation+2.1 pp2.3% in 2025
- Government debt+45.8 pp99.9% in 2023
Only indicators where higher or lower is clearly better are rated (for example, unemployment down is better, life expectancy up is better).
neighbours
San Marino and its neighbours
Countries sharing a land border with San Marino. Latest values since 2005; the highest in each row is marked.
| Indicator | San Marino | Italy |
|---|---|---|
| Inflation | 2.3%2025 | 1.5%2025 |
| GDP deflator | 7.4%2023 | 2.0%2025 |
| Lending rate | 4.6%2025 | 4.9%2023 |
| Real interest rate | -1.6%2023 | -1.3%2023 |
| Exchange rate | 0.892025 | 0.882025 |
| Tax revenue | 17.3%2023 | 25.6%2024 |
| Government revenue | 41.2%2023 | 40.1%2024 |
| Government expense | 40.5%2023 | 47.3%2023 |
| Government debt | 99.9%2023 | — |