INTRODUCTION :
INTRODUCTION Vatican city is smallest country in the world.
Capital : vatican city
Area: 0.17 sq mi (0.44 sq km) or 108.7 acres .
Population: 921 (July 2004 est.) .
Language: Latin (official -- even bank machines have a Latin option); Italian.
Contd…… :
Contd…… Time Zone: GMT +1 (GMT +2 during the summer) .
Climate: temperate; mild, rainy winters (September to mid-May) with hot, dry summers (May to September.
National Anthem: "Hymn and Pontifical March" .
Railway Station: St. Peter's Station connects to Rome's railway network.
ECONOMY :
ECONOMY The noncommercial economy of Vatican City is financially supported by contributions known as Peter pence from roman catholics through the world, the sale of postage stamps and tourist mementos, fees for admission to museum, and the sale of publications.
Vatican city has its own financial system and banks , with interests world wide.
Labor force: Dignitaries, priests, nuns, guards, and 3,000 lay workers who live outside the Vatican.
Contd… :
Contd… Budget: Revenues: $245.2 million.
Expenditures: $260.4 million, including capital expenditures (2002).
Industry: Vatican City is landlocked and has no arable land; most of the Vatican's expenses are met by "Peter's Pence" (yearly, voluntary donations to the Holy See by the world's Catholics), by printing, and by the making of mosaics.
Currency: Italian Lira (ITL); Euro (EUR) .
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