San Marino: Grants and other revenue (current LCU)

Key figures

What the numbers say

In 2024, San Marino's grants and other revenue (current LCU) fell 12.1% on 2023 (from 232 million to 203.86 million).

Across the 21 yearly changes before that (2003 to 2023), the average change was +3.9% and a typical year strayed about 14.8% from that (the standard deviation). This year's change was 1.1 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 44.3% in 2022 and the biggest yearly fall was 12.9% in 2005. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 the straight-line trend is upward, about 9.84 million a year. A straight line explains 59% 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.

How it compares

In 2024, San Marino had the 81st highest value of the 81 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to San Marino in the 2024 ranking

• Fiji — 78th of 81: 564.11 million
• Bahamas, The — 79th of 81: 332.99 million
• Naoero — 80th of 81: 272.48 million

What this measures

Grants are transfers receivable by government units, from other resident or nonresident government units or international organizations, that do not meet the definition of a tax, subsidy, or social contribution. Other revenue is all revenue receivable excluding taxes, social contributions, and grants. This category of revenue includes property income, sales of goods and services, and miscellaneous other types of revenue. 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.

Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).

All 24 values

Grants and other revenue (current LCU) in nearby economies

• Albania — 121.74 billion (2024)
• Armenia — 208.75 billion (2024)
• Austria — 20.7 billion (2024)
• Azerbaijan — 20.44 billion (2024)
• Belarus — 18.14 billion (2024)
• Belgium — 9.27 billion (2024)
• Bosnia and Herzegovina — 1.48 billion (2024)
• Cyprus — 1.39 billion (2024)
• Czechia — 241.7 billion (2024)
• Estonia — 1.9 billion (2024)
• Finland

More public sector data for San Marino

• Central government debt, total (current LCU) — 1.77 billion (2024)
• Grants and other revenue (% of revenue) — 26.04% (2024)
• Social contributions (current LCU) — 240.73 million (2024)
• Social contributions (% of revenue) — 30.75% (2024)
• Revenue, excluding grants (current LCU) — 778.32 million (2024)
• Taxes on goods and services (current LCU) — 147.33 million (2024)
• Taxes on goods and services (% of revenue) — 18.82% (2024)
• Customs and other import duties (current LCU) — 2.33 million (2024)
• Customs and other import duties (% of tax revenue) — 0.69% (2024)

Reading data like this

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Questions people ask

What is San Marino's grants and other revenue (current LCU)?

203.86 million in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1995?

It is down 99.76% from 84.9 billion in 1995 (18.78% a year on average, compounded). The highest value was 84.9 billion in 1995 and the lowest 124.67 million in 2002.

How does San Marino rank?

81st highest of 81 economies with data for 2024.

Is the latest change in grants and other revenue (current LCU) unusual for San Marino?

In 2024, San Marino's grants and other revenue (current LCU) fell 12.1% on 2023 (from 232 million to 203.86 million). Across the 21 yearly changes before that (2003 to 2023), the average change was +3.9% and a typical year strayed about 14.8% from that (the standard deviation). This year's change was 1.1 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

Source

World Bank, World Development Indicators, indicator GC.REV.GOTR.CN, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, 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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