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National Blueprint · One of 195

San Marino

A republic of 34,000 on the slopes of Monte Titano, with public debt of 59.8% of GDP and growth of 1.3% projected this year.

Perfect Nations values what San Marino owns and raises capital against it, through innovative financing for development (FfD) and super intelligence (SI).

San Marino at a glance

  • 34,109PeopleWorld Bank
  • Furthest from reach · Shelter9.8%of people in San Marino lack safely managed sanitationWHO/UNICEF, 2024
Work with usRead the Letter to San Marino

What we do for San Marino

Assets. Capital. Solutions.

Perfect Nations is a new-age sovereign advisory firm, and its clients are nations.

  1. 01AssetsThe cupFive sovereign assets, valued, from The People to The Income.
  2. 02CapitalThe laurelsThe instruments that raise capital against those assets, from every source.
  3. 03SolutionsThe seven starsSeven basic standards of living, star by star. Shelter is furthest from reach today.

The whole logo: a Perfect Nation, where every citizen has all seven basic standards of living, led by good governance.

01Assets · The cup · Sovereign Assets

Five assets no balance sheet counts.

Each is owned today, earns today, and can carry San Marino toward seven basic standards of living for every citizen.

  • 34,109Citizens, 2025

    The People

    11.9% are under fifteen: the workforce and the market of the next generation.

  • 38.3%Of the land in agriculture, 2023

    The Farmland

    Land that can feed the nation and earn abroad, valued and financed against its harvest.

  • 16.3%Of the land under forest, 2024

    The Forest

    Standing forest that stores carbon and water, and can earn as it stands.

  • 60 km²Land area, 2023

    The Land

    Territory to farm, power and protect.

  • $59,871GDP a person, 2023

    The Income

    Output a person on a scale that can finance far beyond the nation’s own borders.

Every figure, with its sourceThe Sovereign Assets ledger

02Capital · The laurels · Capital Architecture

The last mile of sanitation.

Bonds, guarantees, swaps and loans that raise capital against what San Marino owns, every line sourced.

Capital Architecture

The record in figures

Capital already committed

  • The capital already committed to San Marino is being gathered: every instrument and investment on record, with its source.

The San Marino Newswire

The Solutions Wire
Francesca Gasperoni, Nation Steward of San Marino

Francesca GasperoniNation Steward of San Marino · SI Researcher

Already working in San Marino.

Independent firms and social enterprises already at work in San Marino, highlighted by Perfect Nations. None is a partner of Perfect Nations.

Suggest an enterprise

  • The first firms and social enterprises at work in San Marino are being gathered.

    Name one already at work there: it may be highlighted here, with its source.

03Solutions · The seven stars · Perfect Capita

Perfect San Marino, star by star.

Perfect Capita is the yearly cost, per person, of lifting everyone above the Living Line in all seven basic living standards, set with San Marino in its own prices.

How Perfect Capita works
San Marino: the seven stars of the logo, one for each basic standard of living, rising from the cup; Food is the larger centre star. Each star carries the figure for San Marino.WATER100%SHELTER90.2%ENERGY100%FOOD–EDUCATION92.5HEALTH74LIVELIHOOD–
90.2%
Shelter · furthest from reachSafely managed sanitationWHO/UNICEF, 2024

Tap a star for its figure and source.

The price of Perfect San Marino

To be set with San Marino, from its own figures and in its own prices: Perfect Capita times the people of San Marino, each year.

Read more
  • FoodNot measuredNo FAO measure of food insecurity is published for San MarinoFAO
  • Water100%Safely managed drinking waterWHO/UNICEF, 2024
  • Shelter90.2%Safely managed sanitationWHO/UNICEF, 2024
  • Energy100%100% cook with clean fuels and technology; 100% have electricityWorld Bank, 2024
  • Education92.592.5% of young people complete lower secondary schoolWorld Bank, 2024
  • Health74WHO service coverage indexWHO, 2023
  • LivelihoodNot measuredNo poverty survey for San Marino is published by the World BankWorld Bank

Perfect Nations estimate, to be confirmed with San Marino. Figures marked dated rest on surveys more than five years old; lenient measures are marked as such. The strict measures

Strict measures. Food: share not moderately or severely food insecure (FAO). Water: safely managed drinking water where measured; where it is not, basic water, marked as such. Shelter: the lower of safely managed sanitation and the share outside urban slums. Energy: the lower of electricity per person against 1,000 kWh and clean cooking; where electricity per person is not published, clean cooking. Education: the lower of children reading by the end of primary school and lower-secondary completion. Health: WHO service coverage index. Livelihood: share above the stricter of the national poverty line and the World Bank line for the nation’s income group (US$8.30 a day for high-income nations). Each figure links to its source.

Solutions for Perfect San Marino

All Solutions

  • The Solution for San MarinoShelter

    Ring-fence bond money for homes and sanitation.

    • 01The challenge9.8% Of people in San Marino lack safely managed sanitation. WHO/UNICEF, 2024
    • 02The dealSocial bond, proved in Ecuador, 2020: $400M for affordable homes. Inter-American Development Bank, 2020
    • 03What Perfect Nations advisesNations where shelter is furthest from reach should issue a social bond whose proceeds can be spent only on eligible homes, toilets and sewers. With super intelligence, each unit can be planned, priced and verified, and reported to investors every year, until every family has a safe home.
    Co-design it inThe ReDesign StudioThe three mandates
Perfect Nations® · Letters to the NationsSan Marino

Dear San Marino,

Safe water and power reach every home, and nine in ten of your young people complete lower secondary school.

Read more

Yet by the strict international measure, 9.8% of you lack safely managed sanitation. Let the republic finish the last mile of its sanitation.

“Finish the last mile of sanitation.”

Yours in design,Preeti SinhaPresident and CEO, Perfect Nations

Work with us · The ReDesign Studio

The Perfect San Marino ReDesign Studio

One mission, three depths: the same four moves for San Marino, taken as far toward market as you choose.

Read more

For the Government of the Republic of San Marino, its development partners and investors. Scope and fees are agreed in writing before any work begins.

  1. 01Identify the assets
  2. 02Estimate Perfect Capita
  3. 03Co-design the capital architecture
  4. 04Launch the instruments

  1. Mandate 013 hours

    The Nation Briefing

    A private session for the people who decide.

    You leave withThe gap, named and sized

    Read more
    1. 01The five sovereign assets on this page, walked through.
    2. 02Shelter, the standard furthest from reach, and the Gap, explained.
    3. 03The instruments that could close the Gap, shortlisted.
    4. 04The path to market, outlined.
    Request a Nation Briefing

  2. Mandate 023 days

    The Blueprint Lab

    Your team and ours, working the blueprint together.

    You leave withThe structure, drawn

    Read more
    1. 01The ledger tested against your ministries’ own data.
    2. 02Each of the seven standards costed in local prices.
    3. 03One financing structure, drawn with your team.
    4. 04A term sheet and the partners to approach.
    Plan a Blueprint Lab

  3. Mandate 03End to end

    The Sovereign Mandate

    Led personally by the President and CEO.

    You leave withA structure ready for market

    Read more
    1. 01A full sovereign asset ledger, valued and verified.
    2. 02Perfect Capita set and agreed with government, with a monitoring plan.
    3. 03The full structure: legal form, credit enhancement, guarantees and pricing.
    4. 04Taken to investors and development partners, through to close.
    Discuss a Sovereign Mandate

Co-design it with us

Where Sammarinese and Co-designers design the nation they want to live in.

  • Writings

    Write Perfect San Marino into being.

    Up to 1,500 words on your vision of Perfect San Marino, published with your name.

    Submit your writing

  • Voices of Perfect Nations Launching soon

    The local leaders already building Perfect San Marino.

    Great local leaders: honest, dedicated and committed to basic standards of living for all. Every guest answers one question: “What does San Marino already own, and how could it pay for a decent life for every citizen?”

    Nominate yourselfSuggest a guest

  • Co-designers

    Join the community.

    Everyone who shares a vision, a voice or an enterprise here becomes a Co-designer of Perfect San Marino.

    Become a Co-designer

The San Marino ReDesign Studio is open

Design Perfect San Marino with us.

Share your vision, suggest a guest, or write to us: every message receives a personal reply.

Enter the ReDesign StudioWrite to usAll 195 nations
Sources
  1. World Bank, World Development Indicators (API), accessed 10 November 2026: population and ages 0 to 14, 2025; land area and agricultural and forest land; renewable fresh water per person, 2022; natural resource, oil, gas and mineral rents, 2021; renewable electricity output, 2021; tourism receipts; personal remittances; electricity access and clean cooking.
  2. The seven standards: FAO food insecurity, WHO/UNICEF JMP water and sanitation, UN-Habitat urban slums, World Bank clean cooking, learning poverty and lower-secondary completion, and poverty headcounts (all via the World Bank); WHO UHC service coverage index, 2023.
  3. IMF, World Economic Outlook, October 2026 (DataMapper, accessed 10 November 2026): general government gross debt, 2025, and real GDP growth projected for 2026.
  4. IMF: Republic of San Marino, 2025 Article IV consultation (country report of 25 November 2025).
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