Saint Helena

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Introduction - Saint Helena:
Location - Saint Helena:
People - Saint Helena:
Government - Saint Helena:
Economy - Saint Helena:

Economy overview

The economy depends largely on financial assistance from the UK, which will amount to about $27 million in FY06/07 or almost 70% of annual budgetary revenues. The local population earns income from fishing, raising livestock, and sales of handicrafts. Because there are few jobs, 25% of the work force has left to seek employment on Ascension Island, on the Falklands, and in the UK.

Gdp purchasing power parity

$18 million (1998 est.)

Gdp official exchange rate

NA

Gdp real growth rate

NA%

Gdp per capita ppp

$2,500 (1998 est.)

Gdp composition by sector

agriculture: NA% industry: NA% services: NA%

Labor force

2,486 note: 1,200 work offshore (1998 est.)

Labor force by occupation

agriculture: 6%
industry: 48%
services: 46% (1987 est.)

Unemployment rate

14% (1998 est.)

Population below poverty line

NA%

Household income or consumption by percentage share

lowest 10%: NA% highest 10%: NA%

Inflation rate consumer prices

3.2% (1997 est.)

Budget

revenues: $12.07 million
expenditures: $29.64 million; including capital expenditures of $NA
note: revenue data reflect locally raised revenues only; the budget deficit is resolved by grant aid from the United Kingdom (FY92/93)

Agriculture products

coffee, corn, potatoes, vegetables; timber; fish, lobster (on Tristan da Cunha); livestock

Industries

construction, crafts (furniture, lacework, fancy woodwork), fishing, philatelic sales

Industrial production growth rate

NA%

Electricity production

7 million kWh (2004)

Electricity consumption

6.51 million kWh (2004)

Electricity exports

0 kWh (2004)

Electricity imports

0 kWh (2004)

Oil production

0 bbl/day (2004 est.)

Oil consumption

100 bbl/day (2004 est.)

Oil exports

NA bbl/day

Oil imports

NA bbl/day

Oil proved reserves

0 bbl

Natural gas production

0 cu m (2004 est.)

Natural gas consumption

0 cu m (2004 est.)

Exports

$19 million f.o.b. (2004 est.)

Exports commodities

fish (frozen, canned, and salt-dried skipjack, tuna), coffee, handicrafts

Exports partners

Tanzania 37.7%, US 17.4%, Japan 15.2%, UK 8.4%, Nigeria 4.8%, Spain 4.5% (2006)

Imports

$45 million c.i.f. (2004 est.)

Imports commodities

food, beverages, tobacco, fuel oils, animal feed, building materials, motor vehicles and parts, machinery and parts

Imports partners

UK 53.5%, South Africa 14.3%, Spain 10.3%, Tanzania 8.5%, US 4.6% (2006)

Debt external

$NA

Economic aid recipient

$27.25 million obtained in a grant from the United Kingdom (FY06/07)

Currency code

Saint Helenian pound (SHP)

Exchange rates

Saint Helenian pounds per US dollar - 0.5434 (2006), 0.5493 (2005), 0.5462 (2004), 0.6125 (2003), 0.6672 (2002)
note: the Saint Helenian pound is on par with the British pound

Communications - Saint Helena:
Transportation - Saint Helena:
Military - Saint Helena:
This page was last updated on 16 September, 2007
Source: CIA >>>


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