France and San Marino
France and San Marino maintain a historical relationship and non-resident diplomatic representation. Political consultations strengthened in 2025 complement economic ties focused on manufacturing.
Analysis reviewed: 2026-10-08 · Indicators updated: 2026-10-08History and institutional framework
The profile traces official relations to France's Directory of 1795–1799.
What merchandise trade shows
In 2025, goods trade between France and San Marino totalled 63.3 million current USD.
Documented trade sectors
Within the selected chapters, machinery and mechanical appliances stands out in shipments from France to San Marino, at 0.593 million USD in 2025.
Bilateral indicators
Blank cells: data unavailable.
| Indicator | Value | Period |
|---|---|---|
| Goods trade | 63.34 M USD | 2025 · Comtrade |
| Goods: France to San Marino | 46.92 M USD | 2025 · Comtrade |
| Goods: San Marino to France | 16.42 M USD | 2025 · Comtrade |
| Services trade | ||
| Export share: France to San Marino | 0.00681 % | 2025 · Comtrade |
| Export share: San Marino to France | ||
| Investment stock: France in San Marino | ||
| Investment stock: San Marino in France |
Definitions and sources
Trade adds both directions. Shares refer to the country’s total goods exports; investment is an accumulated stock, not an annual flow. Every figure retains the currency and period of its source. BEA positions are historical-cost estimates based on the immediate counterpart, not market values or investment by ultimate owner. ‘More than’ indicates a lower bound, not an exact amount. A recorded stock does not establish new activity or authorisation to operate under sanctions.
- Goods trade
- 2025 · UN Comtrade; reporters DZA, EGY, ETH, FJI, FRA, GAB, GBR, GEO · Goods; full calendar year; reporter FRA. Exports normally FOB and imports CIF; no addition of mirror declarations. Both directions are identified from the same customs authority.
- Goods: France to San Marino
- 2025 · UN Comtrade; reporters DZA, EGY, ETH, FJI, FRA, GAB, GBR, GEO · Goods; full calendar year; reporter FRA. Exports normally FOB and imports CIF; no addition of mirror declarations. Both directions are identified from the same customs authority.
- Goods: San Marino to France
- 2025 · UN Comtrade; reporters DZA, EGY, ETH, FJI, FRA, GAB, GBR, GEO · Goods; full calendar year; reporter FRA. Exports normally FOB and imports CIF; no addition of mirror declarations. Both directions are identified from the same customs authority.
- Export share: France to San Marino
- 2025 · UN Comtrade; reporters DZA, EGY, ETH, FJI, FRA, GAB, GBR, GEO · Exports to the partner / worldwide exports by the same reporter; same year and coverage.
Country comparison
Period and source beside each figure · est. = estimate by the stated institution.
Some annual indicators refer to different years. Check the period beside each value before comparing them.
| Indicator | France | San Marino |
|---|---|---|
| Nominal GDP | 3.37 trillion USD2025 · WB | 2.03 billion USD2023 · WB |
| GDP per capita | 48,985.73 USD2025 · WB | 59,871.33 USD2023 · WB |
| GDP growth | 0.84 %2025 · WB | 0.4 %2023 · WB |
| Policy interest rate | 2.5 %2026-09-16 · BCE | |
| Inflation · annual average | 0.94 %Annual average · 2025 · WB | 2.3 %Annual average · 2025 · WB |
| Inflation · latest year-on-year figure | 3 %provisionalprovisionalYear-on-year · Sept. 2026 · Insee | |
| Unemployment | 7.54 %ILO est.2025 · WB | |
| Budget balance (% of GDP) | -5.1 %IMF est.2025 · IMF | -1 %IMF est.2025 · IMF |
| Gross public debt (% of GDP) | 116 %IMF est.2025 · IMF | 60.6 %IMF est.2025 · IMF |
| Current account balance (% of GDP) | -0.27 %2025 · WB | 21.99 %2023 · WB |
| Population | 68,720,3372025 · WB | 33,8602023 · WB |
| Area | 606,410 km²2023 · BM / FAO | |
| Military expenditure | ||
| Military expenditure (% of GDP) |
Definitions, dates and sources
Blank cells are not zero. Average annual inflation and the latest year-on-year figure appear in separate rows: they are not the same measure. Every annual indicator retains its reference year; when the years differ, the figures are identified as not directly comparable. When a figure is unavailable from the World Bank, an annual IMF estimate is used and identified as such. The latest year-on-year figure is the latest official release verified as of 7 October 2026. This includes advance releases marked as provisional. Mexico may have a fortnightly figure before the full month is published; it is not automatically compared with a monthly figure. The publication date is retained in each source’s details; it does not replace the observation period or the annual average. Policy rates carry their own dates and represent different instruments. Spain and France share the ECB rate. Balances are positive for surpluses and negative for deficits. The IMF may use fiscal years; unemployment retains each source’s definition (ILO estimates, IMF WEO or PCBS), as stated in the details. For Palestine, debt and the fiscal balance cover central government and retain the PCBS definition; they are not presented as consolidated general government. These are economic magnitudes, not measures of relationship quality.
Area retains each source’s territorial coverage; it does not determine sovereignty or effective control. Canada uses an archived national geographic reference. Military expenditure retains the 2024 SIPRI sample distributed by the World Bank: the amount and percentage of GDP use that same definition, which differs from NATO’s. It is not an approved budget or a 2026 figure. Information from the Stockholm International Peace Research Institute (SIPRI). Military expenditure database · Terms of use0
Indicators reviewed: 2026-10-07. Each source retains its original access date; this review does not turn all the data into 2026 observations. Figures may be revised.
- Nominal GDP
- Current USDFrance: 2025 · World BankSan Marino: 2023 · World Bank · Official World Bank series. Observation year, not download date.
- GDP per capita
- Current USD per personFrance: 2025 · World BankSan Marino: 2023 · World Bank · Official World Bank series. Observation year, not download date.
- GDP growth
- Annual real change (%)France: 2025 · World BankSan Marino: 2023 · World Bank · Official World Bank series. Observation year, not download date.
- Policy interest rate
- Central bank instrument (%)France: 2026-09-16 · ECB deposit facility; shared euro-area rate · European Central Bank
- Inflation · annual average
- Average annual change in headline CPI (%)France: 2025 · Annual average change in CPI (%) · World BankSan Marino: 2025 · Annual average CPI change (%) · World Bank · Official World Bank series. Observation year, not download date.
- Inflation · latest year-on-year figure
- Headline CPI relative to the same period of the previous year (%); monthly or fortnightly frequency statedFrance: 2026-09 · Change in headline CPI from the same month of the previous year (%) · Insee · Published: 2026-09-30 · provisional · Provisional · National headline CPI, year-on-year, not monthly inflation or an annual average. Provisional data or an official advance release; subject to revision.
- Unemployment
- % of the labour force; definition used by the stated institutionFrance: 2025 · World Bank · ILO est.
- Budget balance
- General government (% of GDP)France: 2025 · IMF — World Economic Outlook · IMF est.San Marino: 2025 · IMF · IMF est. · WEO general-government estimate, % of GDP. Not an observed balance for the current month.
- Gross public debt
- General government (% of GDP)France: 2025 · IMF — World Economic Outlook · IMF est.San Marino: 2025 · IMF · IMF est. · WEO general-government estimate, % of GDP. Not an observed balance for the current month.
- Current account balance
- % of GDPFrance: 2025 · World BankSan Marino: 2023 · World Bank · Official World Bank series. Observation year, not download date.
- Population
- PeopleFrance: 2025 · World BankSan Marino: 2023 · World Bank · Official World Bank series. Observation year, not download date.
- Area
- Total area in km²; territorial coverage of the sourceFrance: 2023 · Total area, including inland waters; territorial coverage as defined by the source · World Bank · FAO
- Military expenditure
- Current USD per year; SIPRI series
- Military expenditure (% of GDP)
- Percentage of GDP; SIPRI definition, not NATO’s definition
Other data specific to this relationship
What they buy and sell
Documented selection, not an exhaustive list. Cells without a figure do not mean zero value; some products are identified without a verified amount.
France to San Marino
| Product or sector | Value / share |
|---|---|
| Machinery and mechanical appliances | 0.593 M USD2025 · Source |
| Pharmaceutical products | 0.511 M USD2025 · Source |
| Electrical and electronic equipment | 0.49 M USD2025 · Source |
| Dairy products, eggs and honey | 0.048 M USD2025 · Source |
| Vehicles and components | 0.0325 M USD2025 · Source |
San Marino to France
| Product or sector | Value / share |
|---|---|
| Machinery and mechanical appliances | 11.5 M USD2025 · Source |
| Vehicles and components | 0.113 M USD2025 · Source |
| Electrical and electronic equipment | 0.112 M USD2025 · Source |
| Pharmaceutical products | 0.0145 M USD2025 · Source |
| Mineral fuels and oils | 0.000644 M USD2025 · Source |
How trade has changed
Millions of current USD · full calendar years
View chart figures
| Period | Total | France to San Marino | San Marino to France |
|---|---|---|---|
| 2021 | 50.2 | 33.5 | 16.7 |
| 2022 | 46.5 | 30.3 | 16.2 |
| 2023 | 46.9 | 31.7 | 15.2 |
| 2024 | 42.9 | 28.4 | 14.5 |
| 2025 | 63.3 | 46.9 | 16.4 |
Connections between people
Contacts between people and relations between governments are distinct dimensions. Published counts appear in the table with their date and definition; a resident community is not inferred from trade or diplomatic representation. [1]
Residents, study and travel
Blank cells: data unavailable. Each measure retains its definition and period.
| Indicator | Value | Period / source |
|---|---|---|
| Residents from France living in San Marino | ||
| Residents from San Marino living in France | ||
| Study and training: France in San Marino | ||
| Study and training: San Marino in France | ||
| Academic stays: France in San Marino | ||
| Academic stays: San Marino in France | ||
| Travel: France to San Marino | ||
| Travel: San Marino to France |
What each figure measures
Residents are counted by nationality and the coverage of the stated register, not as people born in the other country or as new arrivals in one year. PERE includes dual nationals and people born outside Spain. Study with OPT and stays carrying academic credit are different measures. Travel may include several visits by the same person; FRONTUR arrivals require an overnight stay, whereas the Canadian survey includes day visits. These figures are neither added together nor automatically compared across directions.
Mobility data added or reviewed: 2026-10-07. Reference periods may be earlier.
Underlying ties
History, institutions and long-standing issues.
History and institutional framework
The profile traces official relations to France's Directory of 1795–1799. San Marino opened a Paris legation in 1855, upgraded to an embassy on 30 December 1988. [1] [2]
The scale of both economies
Nominal GDP for France is 3,366.3 billion USD (2025), compared with 2 for San Marino (2023). The reference populations are 68.72 and 0.0339 million, respectively. The comparison provides context on market size, but does not, on its own, measure influence, well-being or diplomatic closeness. Estimates and their sources retain their labels in the tables. [6] [7] [8] [9]
Recent developments
Recent developments and latest available data · Review: 2026-10-08
Cooperation and bilateral issues
France is represented through its ambassador to Italy, and since 2023 Florence's consulate general also serves San Marino with honorary support. On 4 December 2025, officials from both countries signed a declaration of intent to strengthen foreign-ministry consultations. That political instrument is distinguished from a new economic treaty and the profile's historical investment or goods trade figures. [1] [2]
What merchandise trade shows
In 2025, merchandise trade between the two countries (France and San Marino) totalled 63.3 million current USD. Shipments from the first to the second were 46.9 million; those in the opposite direction, 16.4 million. The difference between the two flows was 30.5 million, in favour of France. This is a goods balance, not the total balance of the economic relationship: it excludes services, income and transfers. Both directions come from a single customs reporter to avoid adding mirror records. [3]
The partner's share of exports
Sales from France to the partner represented 0.00681% of its worldwide goods exports in 2025. The share compares the same reporter, year and coverage. It measures export concentration, not the percentage of GDP dependent on this relationship. A partner may be important in a specific sector even if its share of total goods trade is small. [3]
Five years of trade trends
The consistent series shows 50.2 million USD in 2021 and 63.3 million in 2025. The change between the two endpoints was +26.1 % in current dollars. The highest annual value in the period was recorded in 2025, at 63.3 million. The chart allows the two directions to be compared to see whether they moved together or differently. The change combines quantities, prices and exchange rates; it is not automatically attributed to a treaty, a visit or a political decision. The same reporter is retained and missing years are not interpolated. [4]
Documented trade sectors
Within the selected chapters, machinery and mechanical appliances stands out in shipments from France to San Marino, at 0.593 million USD in 2025. Within the selected chapters, machinery and mechanical appliances stands out in shipments from San Marino to France, at 11.5 million USD in 2025. The table compares eight selected chapters with the same coverage as the trade total. It is not a complete list or proof that the first item in this selection is the leading product across the entire relationship. A chapter groups numerous goods: machinery and components, for example, do not describe a single business transaction. [5]
Sources and data
Periods and scope of the figures
Institutional sources and periods accompany each figure. Annual trade, investment positions, residents and visits are distinct measures. Empty cells do not mean zero. Statements of intent are not presented as project implementation or treaties in force.
- Bilateral relations — FRA-SMR
France's Ministry of Foreign Affairs · Institutional source · Accessed: 2026-10-08
- Bilateral relations — FRA-SMR
France's Ministry of Foreign Affairs · Institutional source · Accessed: 2026-10-08
- Bounded matrix; reporter, partner, year, chapter and direction identified in each record
UN Comtrade; reporters DZA, EGY, ETH, FJI, FRA, GAB, GBR, GEO · Institutional source · Accessed: 2026-10-08
- Trade series 2021–2025
UN Comtrade / FRA · Institutional source · Accessed: 2026-10-08
- Bounded matrix; reporter, partner, year, chapter and direction identified in each record
UN Comtrade; reporters FRA, GBR · Institutional source · Accessed: 2026-10-08
- Official statistics
World Bank · Institutional source · Accessed: 2026-09-17
- NY.GDP.MKTP.CD; ISO and reference year; no military dataset expansion
World Bank · Institutional source · Accessed: 2026-10-08
- Official statistics
World Bank · Institutional source · Accessed: 2026-10-06
- SP.POP.TOTL; ISO and reference year; no military dataset expansion
World Bank · Institutional source · Accessed: 2026-10-08
Additional sources on products and human connections
- UN Comtrade; reporters FRA, GBR
2026-10-08 · Accessed: 2026-10-08 · Bounded matrix; reporter, partner, year, chapter and direction identified in each record.