#82 How the Vatican Makes Money
Holiday Tales
#TravelLessons
Did you know the Vatican City is its very own country? Right in the middle of Rome, Italy?! Technically called the Vatican City State it became independent from Italy in 1929 and has a grand population of ~800 people 👻.
How it makes money
With just 800 people living in it, one may wonder whether the Vatican City even has an Economy? Most other countries in the world have an Economy that they rely on to make money. So with 800 people does the Vatican have an Economy? It does (sort of).How you ask? Short answer - it makes money mostly from:
Donations
Investments
Tourism
It is a bit more complex than that though. Read this fascinating article to know more.
Wait, what is..
Economy: An economy is an area, or a region, where production and consumption of goods and services takes place. The Economy of a country therefore includes ALL the money made and transacted for all of the goods and services produced in that region 💸.
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Take care. See you soon. 🙏