Economy of Sancratosia

From MicroWiki, the free micronational encyclopædia
Jump to navigation Jump to search
Economy of Sancratosia
Banknotes of the Sancratosian impresa
CurrencyImpresa (SNI, )
Fixed exchange ratesCAD 1$ = SNI 2
Fiscal yearCalendar year
GDPSteady SNI 9 450◊ (2022)
GDP per capitaSteady SNI 196◊ (2022)
ExportsSteady SNI 50◊ (est. 2022)
Export goods
  • arts and antiques
  • paper goods
ImportsSteady SNI 1 600◊ (est. 2022)
Import goods
  • foodstuffs
  • instruments
  • miscellaneous
  • paper goods
  • textiles
Main import partners
FDI stockSteady SNI 0◊ (2022)
Public finances
ReservesSteady SNI 220◊ (2022)
Budget deficitSteady SNI 0◊ (2022)[a]
RevenuesSteady 5% of GDP (2022)
ExpensesSteady 90% of GDP (2022)
Economic aidSteady SNI 0◊ (2022)
Foreign reservesSteady SNI 0◊ (2022)
All values, unless otherwise stated, are in SNI

The economy of Sancratosia relies predominantly on public spending facilitated by the government, particularly drawing from the personal finances of the House of Sancratosia, which plays a crucial role in financing the Principality.


Sancratosia operates with a limited economic base, heavily dependent on the personal fortune of the House of Sancratosia. Economic activities primarily consist of handmade products and service industries, with minimal exports and a reliance on imported goods. The Principality's main export product is postage stamps. Public spending is a cornerstone of economic development in Sancratosia.


The tax system in Sancratosia includes a 25% value-added tax (VAT) applied to most goods and services, with prices typically inclusive of VAT. There is no income tax imposed on citizens.

Legal interest rate

As of 1 September 2023, the legal interest rate in Sancratosia stands at 5%.

Public finances

Public financing plays a dominant role in the Sancratosian economy, comprising approximately 90% of the Principality's GDP. Given its status as a nascent nation, Sancratosia allocates significant resources to governmental development. State revenues primarily derive from personal contributions by the House of Sancratosia.


Commerce in Sancratosia is conducted by a mix of privately and publicly owned companies, as well as non-profit organizations. State corporations engage in for-profit activities under government ownership, while private enterprises vary in structure and responsibility. Associations operate as non-profit entities exempt from VAT on sales necessary for their operations.

Most entities engaged in commerce must register with the Registry of Legal Entities, overseen by the Department of Development under the Ministry of Economy. Chez Chloé, registered on 30 November 2022, was the first company officially recognized in Sancratosia.

State corporations

Private companies


  • Provaluas

See also

Notes and References


  1. The Sovereign Family offers an annual contribution which allows the budget to register a positive balance.


External links