San Marino's GDP changed from approximately $1B 8M in 2000 to $2B 33M in 2024, showing an overall 101.8% sharply increased during the period.
The lowest GDP was recorded in 2000 at $1B 8M, and the highest in 2008 at $2B 403M.
Over the 24-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 3.0%.
For comparison, the average annual growth rate of Italy was 3.7%, and that of Luxembourg was 6.1%.
Overview of San Marino's GDP (2000–2024)
The Gross Domestic Product (GDP) of San Marino recorded a 101.8% sharply increased from 2000 to 2024.
The average GDP during this period was $1B 690M, and the median was $1B 678M.
GDP fluctuated within a range of $1B 395M, with a standard deviation of $330M 663K.
The average annual change was $14M 216K.
San Marino GDP from 2000 to 2024
The total market value of goods and services produced annually in San Marino.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
Highest and Lowest GDP Records
- Lowest GDP: 2000, $1B 8M
- Highest GDP: 2008, $2B 403M
- Most Recent GDP: 2024, $2B 33M
Notable Annual GDP Changes
- 2003: Significant increase in GDP
- 2009: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and San Marino's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $1B 616M → $1B 543M
- Outcome: declined
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $2B 189M → $2B 61M
- Outcome: declined
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $1B 8M → $1B 60M
- Outcome: increased
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $0 → $0
- Outcome: remained stable
Key Economic Indicators of San Marino (2000–2024)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
1997 | $ 0 | $ 0 | $ 0 | $ 1B 149M | 0 % | 0 % | 0 % | 0 % | 0 person |
1998 | $ 0 | $ 0 | $ 0 | $ 1B 249M | 7.52 % | 0 % | 0 % | 0 % | 0 person |
1999 | $ 0 | $ 0 | $ 0 | $ 1B 381M | 8.998 % | 0 % | 0 % | 0 % | 0 person |
2000 | $ 1B 8M | $ 0 | $ 0 | $ 1B 443M | 2.203 % | 0 % | 0 % | 0 % | 0 person |
2001 | $ 1B 60M | $ 0 | $ 0 | $ 1B 558M | 5.539 % | 0 % | 0 % | 0 % | 0 person |
2002 | $ 1B 148M | $ 0 | $ 0 | $ 1B 587M | 0.315 % | 0 % | 0 % | 0 % | 0 person |
2003 | $ 1B 462M | $ 0 | $ 0 | $ 1B 681M | 3.9 % | 0 % | 0 % | 0 % | 0 person |
2004 | $ 1B 714M | $ 59,313.40 | $ 62,457.91 | $ 1B 805M | 4.565 % | 0 % | 0 % | 2.658 % | 29,000 people |
2005 | $ 1B 788M | $ 61,150.61 | $ 65,223.15 | $ 1B 907M | 2.426 % | 0 % | 0 % | 3.783 % | 29,000 people |
2006 | $ 1B 910M | $ 64,498.51 | $ 68,925.45 | $ 2B 41M | 3.826 % | 0 % | 0 % | 1.701 % | 30,000 people |
2007 | $ 2B 189M | $ 72,991.53 | $ 74,863.81 | $ 2B 245M | 7.103 % | 0 % | 0 % | 2.02 % | 30,000 people |
2008 | $ 2B 403M | $ 79,110.20 | $ 75,049.07 | $ 2B 280M | -0.389 % | 0 % | 0 % | 0.387 % | 30,000 people |
2009 | $ 2B 61M | $ 67,011.54 | $ 67,001.72 | $ 2B 61M | -10.135 % | 0 % | 0 % | -2.318 % | 31,000 people |
2010 | $ 1B 883M | $ 60,426.24 | $ 63,068.56 | $ 1B 965M | -5.811 % | 0 % | 0 % | -2.155 % | 31,000 people |
2011 | $ 1B 813M | $ 57,512.89 | $ 58,183.64 | $ 1B 834M | -8.535 % | 0 % | 0 % | -3.956 % | 32,000 people |
2012 | $ 1B 606M | $ 50,336.18 | $ 54,797.23 | $ 1B 748M | -7.233 % | 0 % | 0 % | -6.998 % | 32,000 people |
2013 | $ 1B 678M | $ 51,986.53 | $ 53,898.35 | $ 1B 740M | -0.82 % | 0 % | 0 % | -7.643 % | 32,000 people |
2014 | $ 1B 674M | $ 51,234.87 | $ 55,875.22 | $ 1B 825M | -0.649 % | 0 % | 0 % | 1.292 % | 33,000 people |
2015 | $ 1B 420M | $ 43,068.69 | $ 56,137.70 | $ 1B 850M | 2.691 % | 0 % | 0 % | -3.075 % | 33,000 people |
2016 | $ 1B 468M | $ 44,308.67 | $ 58,102.79 | $ 1B 925M | 2.338 % | 0 % | 0 % | 0.145 % | 33,000 people |
