Vatican fears 'difficult years' ahead as coronavirus hurts donations

One of the 7 deadly sins is greed and man, they are greedy

The Vatican could be facing “difficult years” ahead as its donations dry up amid the coronaviruspandemic, an official said Wednesday.

Secretariat for the Economy Father Juan Antonio Guerrero Alves told the Vatican News that revenue this year is expected to fall between 25 and 45 percent.

Guerrero said part of the loss of revenue stems from the Vatican’s closing of its museums and Holy See’s properties in other nations.

https://www.foxnews.com/faith-values/vatican-coronavirus-hurts-donations

Estimate of net worth of Vatican

An investigation by the Economist estimated that the American Catholic church alone – which has the fourth largest follower base by country, behind Brazil, Mexico and the Philippines – spent $170bn in 2010 on things like healthcare, schools and parishes.

Money flows in from individual donations from Catholics, government grants, the church's own investments and corporate donors.

According to Georgetown University, the average weekly donation of an American Catholic to the church is $10. There are 85 million in North America, meaning each week the Catholic Church pulls in $850m through donations from individual Catholics.

Vatican City itself has a rich economy relative to its size. Though data is scarce, and the exact GDP figure is unknown, the CIA estimates Vatican City's 2011 revenue to be $308m. It only has a population of 800 people, meaning its nominal GDP per capita is $365,796 – making it the richest state on the planet by this measure.

https://www.ibtimes.co.uk/how-rich-vatican-so-wealthy-it-can-stumble-across-millions-euros-just-tucked-away-1478219