San Marino - Future trends



The Sammarinese economy is closely related to Italy's and is highly dependent on the developmental trends of the EU. It is likely that the country will preserve its economy—particularly in the areas of tourism, services, and modern manufacturing—maintain its high living standards, and continue to attract tourists and collectors for the foreseeable future. The number of foreign visitors may even increase as the movement of people, particularly from Central Europe, becomes easier with their gradual integration in the EU and the positive changes concerning the wealth and leisure of their people.

The government's desire to maintain the republic's autonomy and independence may be challenged, however, by the advance of European integration, the increasing competition following the liberalization of commerce and services, and notably by the coming of the single European monetary system. The benefits of the unified European economic space, however, will almost definitely outweigh the problems and possible drawbacks. It is not likely that Sammarinese bank revenues will significantly decline without the exchange fees they charged before San Marino adopted the euro: the monetary union with Italy and the location of the republic as an enclave in Italian territory never generated a large foreign exchange turnover even before the European monetary union took effect.

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