Vatican city

Vatican city is country of Europe located in south Europe.

Details

Official Name:Vatican City State
Capital:Vatican City
Total area:0.4 km2
GDP per capita:$293,000
Native Language:Italian
Government:Absolute monarchy
Population:836
Major Religion:Roman Catholicism
Monetary Unit:Euro (EUR)

Vatican City, or Vatican City State, in Italian officially Stato della Città del Vaticano, is a landlocked sovereign city-state whose territory consists of a walled enclave within the city of Rome. It has an area of approximately 44 hectares (110 acres), and a population of just over 800. This makes Vatican City the smallest internationally recognized independent state in the world by both area and population. The Pope is also the Head of State and Government of the Vatican City State.

Vatican City was established as an independent state in 1929 by the Lateran Treaty, signed by Cardinal Secretary of State Pietro Gasparri, on behalf of Pope Pius XI and by Prime Minister Benito Mussolini on behalf of King Victor Emmanuel III of Italy. The treaty spoke of it as a new creation (Preamble and Article III), not as a vestige of the much larger Papal States (756–1870) that had previously encompassed much of central Italy. Vatican City State is distinct from the Holy See, which dates back to early Christianity and is the main episcopal see of 1.4 billion Latin and Eastern Catholic adherents around the globe. Ordinances of Vatican City are published in Italian; official documents of the Holy See are issued mainly in Latin. The two entities have distinct passports: the Holy See, not being a country, issues only diplomatic and service passports, whereas Vatican City State issues normal passports.

Economy

The Vatican City State budget includes the Vatican museums and post office and is supported financially by the sale of stamps, coins, medals and tourist mementos; by fees for admission to museums; and by publications sales. The incomes and living standards of lay workers are comparable to those of counterparts who work in the city of Rome. Other industries include printing, the production of mosaics, and the manufacture of staff uniforms.

The Institute for Works of Religion, also known as the Vatican Bank, and with the acronym IOR (Istituto per le Opere di Religione), is a bank situated in the Vatican that conducts worldwide financial activities. It has an ATM with instructions in Latin, possibly the only such ATM in the world.