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The city generated a modest surplus in 2012 before recording a million deficit in 2013, driven primarily by the falling value of gold. The official territory of the City is part of Rome's Mons Vaticanus and the nearby former Vatican Fields. Peter's Basilica, the famous Sistine Chapel, museums and other buildings.
In early 2014 the Pope created the Secretariat of the Economy to oversee financial and administrative operations. Comprising nearly half of the territory of the city is the gardens, which were established during the Renaissance and Baroque era and contain fountains and sculptures.
The Institute for Works of Religion, also known as the Vatican Bank, is a bank that conducts worldwide financial activities.
It has an ATM with instructions in Latin, possibly the only one of its kind in the entire world!
The Pinacoteca, or Picture Gallery, is situated in a building that dates back to 1932 and that was designed by the architect Beltrami.
It is connected to the Museum complex (at the entrance of the Quattro Cancelli) by an elegant portico.
The Christian, Profane and Missionary-Ethnological Museum contains a collection of artistic and archaeological objects, some of an ethnological nature, that were once housed in the Lateran Palace.
The Collection of Modern Religious Art was added to the Museums in 1973.
The reason for the high level of consumption is thought to be down to the large amounts of it being distributed during communion.
A Workshop for Restoring paintings, bronzes, marble, tapestries and other items, is part of the Museums which also includes a Scientific Research Laboratory.
On the anniversary of the Vatican City's independence, we uncover 10 things you might not have known about the world's smallest country.
While state ordinances are published in Italian, the official Holy See documents are written primarily in Latin.
In addition to its own diplomacy, the See conducts diplomatic relations on behalf of Vatican City and enters into international agreements for it.