# San Marino - Link: https://perfectnations.com/blueprints/san-marino/ - Published: 2026-05-22T22:16:09-05:00 - Author: Preeti Sinha 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 * **34,109**PeopleWorld Bank * _Furthest from reach · Shelter_**9.8%**of people in San Marino lack safely managed sanitation[WHO/UNICEF, 2024](https://data.worldbank.org/indicator/SH.STA.SMSS.ZS?locations=SM) [Work with us](https://perfectnations.com/blueprints/san-marino/#bp-studio)[Read the Letter to San Marino](https://perfectnations.com/blueprints/san-marino/#bp-letter) 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.](https://perfectnations.com/blueprints/san-marino/#bp-assets) 2. [02CapitalThe laurelsThe instruments that raise capital against those assets, from every source.](https://perfectnations.com/blueprints/san-marino/#bp-capital) 3. [03SolutionsThe seven starsSeven basic standards of living, star by star. Shelter is furthest from reach today.](https://perfectnations.com/blueprints/san-marino/#bp-pc) **The whole logo:** a Perfect Nation, where every citizen has all seven basic standards of living, led by good governance. [01](https://perfectnations.com/blueprints/san-marino/#bp-do)**Assets** · 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. * **34,109**Citizens, 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 km²**Land area, 2023 * ### The Land * Territory to farm, power and protect. * **$59,871**GDP 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 source](https://perfectnations.com/blueprints/san-marino/#bp-sources) [The Sovereign Assets ledger](https://perfectnations.com/sovereign-assets/) [02](https://perfectnations.com/blueprints/san-marino/#bp-do)**Capital** · 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](https://perfectnations.com/capital-architecture/) The record in figures * **59.8%**General government gross debt, share of GDP, 2025[IMF, WEO Oct 2026](https://www.imf.org/external/datamapper/GGXWDG_NGDP@WEO/SMR) * **1.3%**Real GDP growth projected for 2026[IMF, WEO Oct 2026](https://www.imf.org/external/datamapper/NGDP_RPCH@WEO/SMR) * **1.1%**Remittances received from citizens abroad, share of GDP, 2023[World Bank, 2023](https://data.worldbank.org/indicator/BX.TRF.PWKR.DT.GD.ZS?locations=SM) 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](https://perfectnations.com/state-of-nations/#sn-wire) ![Francesca Gasperoni, Nation Steward of San Marino](https://perfectnations.com/ wp-content/uploads/2026/11/Francesca-Gasperoni-Nation-Steward-of-San-Marino-150x150. png) **Francesca Gasperoni**Nation Steward of San Marino · SI ResearcherLast updated 10 November 2026 * 25 Nov 2025[**Republic of San Marino: 2025 Article IV Consultation**](https://www.imf.org/en/publications/cr/issues/2025/11/24/republic-of-san-marino-2025-article-iv-consultation-press-release-staff-report-and-572046) IMF ## 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](https://perfectnations.com/blueprints/san-marino/contact@perfectnations.com?subject=An%20enterprise%20already%20at%20work%20in%20San%20Marino) * ### 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. [03](https://perfectnations.com/blueprints/san-marino/#bp-do)**Solutions** · 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](https://perfectnations.com/perfect-capita/) **90.2%** Shelter · furthest from reachSafely managed sanitation[WHO/UNICEF, 2024](https://data.worldbank.org/indicator/SH.STA.SMSS.ZS?locations=SM) 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 * Food**Not measured**No FAO measure of food insecurity is published for San Marino [FAO](https://data.worldbank.org/indicator/SN.ITK.MSFI.ZS?locations=SM) * Water**100%**Safely managed drinking water[WHO/UNICEF, 2024](https://data.worldbank.org/indicator/SH.H2O.SMDW.ZS?locations=SM) * Shelter**90.2%**Safely managed sanitation[WHO/UNICEF, 2024](https://data.worldbank.org/indicator/SH.STA.SMSS.ZS?locations=SM) * Energy**100%**100% cook with clean fuels and technology; 100% have electricity [World Bank, 2024](https://data.worldbank.org/indicator/EG.CFT.ACCS.ZS?locations=SM) * Education**92.5**92.5% of young people complete lower secondary school[World Bank, 2024](https://data.worldbank.org/indicator/SE.SEC.CMPT.LO.ZS?locations=SM) * Health**74**WHO service coverage index[WHO, 2023](https://ourworldindata.org/grapher/universal-health-coverage-index?country=~SMR) * Livelihood**Not measured**No poverty survey for San Marino is published by the World Bank[World Bank](https://data.worldbank.org/indicator/SI.POV.UMIC?locations=SM) 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](https://perfectnations.com/perfect-capita/#pq-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](https://perfectnations.com/state-of-nations/#sn-solutions) * **The Solution for San Marino**Shelter * ### Ring-fence bond money for homes and sanitation. - **01****The challenge**9.8% Of people in San Marino lack safely managed sanitation. [WHO/UNICEF, 2024](https://data.worldbank.org/indicator/SH.STA.SMSS.ZS?locations=SM) - **02****The deal** - Social bond, proved in Ecuador, 2020: $400M for affordable homes. [Inter-American Development Bank, 2020](https://www.iadb.org/en/news/ecuador-issues-worlds-first-sovereign-social-bond-support-idb-guarantee) - **03****What Perfect Nations advises**Nations 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 in**The ReDesign Studio**[The three mandates](https://perfectnations.com/blueprints/san-marino/#bp-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 Sinha**President 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. **01**Identify the assets 2. **02**Estimate Perfect Capita 3. **03**Co-design the capital architecture 4. **04**Launch the instruments 1. Mandate 013 hours 2. ### The Nation Briefing 3. A private session for the people who decide. 4. You leave withThe gap, named and sized 5. Read more 6. a. **01**The five sovereign assets on this page, walked through. b. **02**Shelter, the standard furthest from reach, and the Gap, explained. c. **03**The instruments that could close the Gap, shortlisted. d. **04**The path to market, outlined. 7. [Request a Nation Briefing](https://perfectnations.com/contact/?about=briefing&country=San%20Marino) 8. Mandate 023 days 9. ### The Blueprint Lab 10. Your team and ours, working the blueprint together. 11. You leave withThe structure, drawn 12. Read more 13. a. **01**The ledger tested against your ministries’ own data. b. **02**Each of the seven standards costed in local prices. c. **03**One financing structure, drawn with your team. d. **04**A term sheet and the partners to approach. 14. [Plan a Blueprint Lab](https://perfectnations.com/contact/?about=lab&country=San%20Marino) 15. Mandate 03End to end 16. ### The Sovereign Mandate 17. Led personally by the President and CEO. 18. You leave withA structure ready for market 19. Read more 20. a. **01**A full sovereign asset ledger, valued and verified. b. **02**Perfect Capita set and agreed with government, with a monitoring plan. c. **03**The full structure: legal form, credit enhancement, guarantees and pricing. d. **04**Taken to investors and development partners, through to close. 21. [Discuss a Sovereign Mandate](https://perfectnations.com/contact/?about=commission&country=San%20Marino) ### 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](https://perfectnations.com/blueprints/san-marino/contact@perfectnations.com?subject=Writing%20for%20Perfect%20San%20Marino&body=Your%20name%2C%20or%20a%20pen%20name%3A%0D%0AWhere%20you%20live%3A%0D%0ATitle%3A%0D%0A%0D%0AYour%20vision%20of%20Perfect%20San%20Marino%2C%20and%20the%20economic%20solutions%20to%20achieve%20it%20%28up%20to%201%2C500%20words%29%3A%0D%0A%0D%0A%0D%0AI%20confirm%20that%20this%20is%20my%20own%20original%20writing%2C%20and%20I%20give%20Perfect%20Nations%20permission%20to%20publish%20it%20with%20credit%20to%20me.%0D%0A) * 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 yourself](https://perfectnations.com/contact/?nation=san-marino&topic=nominate-self) [Suggest a guest](https://perfectnations.com/contact/?nation=san-marino&topic=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](https://perfectnations.com/blueprints/san-marino/contact@perfectnations.com?subject=Becoming%20a%20Co-designer%20of%20Perfect%20San%20Marino&body=Your%20name%3A%0D%0AWhere%20you%20live%3A%0D%0AHow%20you%20would%20like%20to%20contribute%20%28writing%2C%20a%20voice%20for%20the%20podcast%2C%20an%20enterprise%2C%20your%20expertise%29%3A%0D%0A) 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 Studio](https://perfectnations.com/design-studio/)[Write to us](https://perfectnations.com/contact/?nation=san-marino) [All 195 nations](https://perfectnations.com/blueprints/) 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).