Source: world bank Nominal/PPP
Summary:
San Marino GDP Per Capita expanded from 1997 to 2023, increasing from $37,852.98 to $59,879.72 .The compound annual growth rate (CAGR) averaged 1.78% over the period. The economy recorded its peak level in 2008 and its lowest level in 2000. Growth volatility remained high. The maximum drawdown reached 43.15%, indicating the largest cyclical decline from peak levels. The country experienced 4 recession episode(s) during the observed period.
San Marino Economic Phases (1997 - 2023)
From 1997 to 2023, San Marino economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (2002–2004) indicating robust economic expansion
- High Growth (2006–2008) indicating robust economic expansion
- Contraction (2010–2011) indicating temporary slowdown
- Expansion (2016–2017) indicating steady moderate growth
- Contraction (2019–2020) indicating temporary slowdown
- High Growth (2023–2023) indicating robust economic expansion
The most remarkable growth occurred in 2003 with an increase of 25.697%, while the largest decline was in 2009 at -17.751%.