San Marino: GDP, linked series (current LCU)

Key figures

What the numbers say

In 2023, San Marino's GDP, linked series (current LCU) rose 7.8% on 2022 (from 1.74 billion to 1.87 billion).

Across the 25 yearly changes before that (1998 to 2022), the average change was +3% and a typical year strayed about 6.1% from that (the standard deviation). This year's change was 0.8 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 16% in 2021 and the biggest yearly fall was 9.4% in 2009. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2014 to 2023 the straight-line trend is upward, about 60.64 million a year. A straight line explains 80% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

Closest to San Marino in the 2023 ranking

• Greenland — 1st of 4: 22.92 billion
• Channel Islands — 2nd of 4: 10.06 billion
• Isle of Man — 3rd of 4: 6.1 billion

What this measures

Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.

All 27 values

GDP, linked series (current LCU) in nearby economies

• Albania — 2.65 trillion (2025)
• Andorra — 3.98 billion (2025)
• Armenia — 11.32 trillion (2025)
• Austria — 512.81 billion (2025)
• Azerbaijan — 129.09 billion (2025)
• Belarus — 286.65 billion (2025)
• Belgium — 642.02 billion (2025)
• Bosnia and Herzegovina — 56.55 billion (2025)
• Bulgaria — 116.02 billion (2025)
• Channel Islands — 10.06 billion (2023)
• Croatia

More economic policy & debt data for San Marino

• Adjusted savings, education expenditure (% of GNI) — 3.77% (2021)
• Adjusted savings, mineral depletion (current US$) — US$0 (2021)
• Total reserves, including gold (current US$) — US$861.24 million (2025)
• Total reserves, excluding gold (current US$) — US$861.24 million (2025)
• GDP (current US$) — US$2.03 billion (2023)
• GDP (current LCU) — 1.87 billion (2023)
• GDP (constant 2015 US$) — US$1.74 billion (2023)
• GDP (constant LCU) — 1.42 billion (2023)
• GDP, PPP (current international $) — 2.67 billion (2023)
• GDP, PPP (constant 2021 international $)

Reading data like this

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Questions people ask

What is San Marino's GDP, linked series (current LCU)?

1.87 billion in 2023, according to the World Bank (World Development Indicators).

How has it changed since 1997?

It is up 118.26% from 859 million in 1997 (3.05% a year on average, compounded). The highest value was 1.87 billion in 2023 and the lowest 859 million in 1997.

Is the latest change in GDP, linked series (current LCU) unusual for San Marino?

In 2023, San Marino's GDP, linked series (current LCU) rose 7.8% on 2022 (from 1.74 billion to 1.87 billion). Across the 25 yearly changes before that (1998 to 2022), the average change was +3% and a typical year strayed about 6.1% from that (the standard deviation). This year's change was 0.8 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Where does this data come from?

The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD); World Economic Outlook database, International Monetary Fund (IMF).

Source

World Bank, World Development Indicators, indicator NY.GDP.MKTP.CN.AD, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD); World Economic Outlook database, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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