Gross value added at basic prices (GVA) in San Marino
San Marino: Gross value added at basic prices (GVA) was 1.31 billion constant LCU in 2023. ▲ Rising
Gross value added at basic prices (GVA) in San Marino, 2015–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
In 2023, gross value added at basic prices (gva) in San Marino stood at 1.31 billion constant LCU. That is the highest value across all 9 years on record.
The figure is up 0.4% on the previous year and up 24.2% over ten years.
Over the whole period, gross value added at basic prices (gva) in San Marino peaked at 1.31 billion constant LCU in 2023 and was at its lowest, 1.06 billion constant LCU, in 2015.
That places San Marino 193rd out of 198 countries with data for 2023, putting it in the bottom quarter.
Gross value added at basic prices (GVA) in San Marino, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2015 | 1.06 billion constant LCU | — |
| 2016 | 1.09 billion constant LCU | +3.0% |
| 2017 | 1.10 billion constant LCU | +0.8% |
| 2018 | 1.12 billion constant LCU | +1.7% |
| 2019 | 1.14 billion constant LCU | +2.4% |
| 2020 | 1.07 billion constant LCU | -6.0% |
| 2021 | 1.22 billion constant LCU | +13.4% |
| 2022 | 1.31 billion constant LCU | +7.4% |
| 2023 | 1.31 billion constant LCU | +0.4% |
San Marino compared with similar countries
- San Marino's 1.31 billion constant LCU is below the median for high income countries, which is 270.55 billion constant LCU, 0% of the median. (70 countries reporting)
- San Marino's 1.31 billion constant LCU is below the median for Europe & Central Asia, which is 405.98 billion constant LCU, 0% of the median. (54 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 1.10 billion constant LCU | 1.06 billion constant LCU | 1.14 billion constant LCU | 5 |
| 2020s | 1.23 billion constant LCU | 1.07 billion constant LCU | 1.31 billion constant LCU | 4 |
Countries ranked near San Marino
- 190 East Timor 1.62 billion constant LCU compare
- 191 Dominica 1.50 billion constant LCU compare
- 192 Turks and Caicos Islands 1.39 billion constant LCU compare
- 194 Tonga 902.26 million constant LCU compare
- 195 Kiribati 378.20 million constant LCU compare
- 196 Micronesia (country) 239.36 million constant LCU compare
More economy & growth data for San Marino
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.38 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.3 Percent per annum (2029)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.0677 current LCU per US$ of GDP (2023)
- Taxes less subsidies on products (current LCU), annual growth rate 7.97 % change on previous year (2023)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 1.17 (2025)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.858 (2025)
- Taxes less subsidies on products (current LCU), per capita 4,055 current LCU per person (2023)
- Gdp worldbank constant usd, per unit of GDP 0.8572 units per US$ of GDP (2023)
- Gdp worldbank constant usd, annual growth rate 0.4015 % change on previous year (2023)
- Gdp worldbank constant usd, per capita 51,324 units per person (2023)
Frequently asked questions
- What is gross value added at basic prices (gva) in San Marino?
- Gross value added at basic prices (gva) in San Marino was 1.31 billion constant LCU in 2023, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross value added at basic prices (gva) recorded in San Marino?
- The highest recorded value was 1.31 billion constant LCU in 2023.
- What is the lowest gross value added at basic prices (gva) recorded in San Marino?
- The lowest recorded value was 1.06 billion constant LCU in 2015.
- How does San Marino rank for gross value added at basic prices (gva)?
- San Marino ranks 193rd out of 198 countries with data for 2023.
- Is gross value added at basic prices (gva) rising or falling in San Marino?
- Over the last ten years it is up 24.2%. The long-run trend across the full record is rising.
- Where does this San Marino data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross value added at basic prices (GVA) (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.