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. |
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Gdp purchasing power parity | $18 million (1998 est.) |
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Gdp official exchange rate | NA |
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Gdp real growth rate | NA% |
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Gdp per capita ppp | $2,500 (1998 est.) |
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Gdp composition by sector | agriculture: NA% industry: NA% services: NA% |
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Labor force | 2,486 note: 1,200 work offshore (1998 est.) |
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Labor force by occupation | agriculture: 6%
industry: 48%
services: 46% (1987 est.) |
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Unemployment rate | 14% (1998 est.) |
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Population below poverty line | NA% |
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Household income or consumption by percentage share | lowest 10%: NA% highest 10%: NA% |
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Inflation rate consumer prices | 3.2% (1997 est.) |
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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) |
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Agriculture products | coffee, corn, potatoes, vegetables; timber; fish, lobster (on Tristan da Cunha); livestock |
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Industries | construction, crafts (furniture, lacework, fancy woodwork), fishing, philatelic sales |
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Industrial production growth rate | NA% |
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Electricity production | 7 million kWh (2004) |
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Electricity consumption | 6.51 million kWh (2004) |
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Electricity exports | 0 kWh (2004) |
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Electricity imports | 0 kWh (2004) |
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Oil production | 0 bbl/day (2004 est.) |
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Oil consumption | 100 bbl/day (2004 est.) |
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Oil exports | NA bbl/day |
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Oil imports | NA bbl/day |
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Oil proved reserves | 0 bbl |
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Natural gas production | 0 cu m (2004 est.) |
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Natural gas consumption | 0 cu m (2004 est.) |
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Exports | $19 million f.o.b. (2004 est.) |
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Exports commodities | fish (frozen, canned, and salt-dried skipjack, tuna), coffee, handicrafts |
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Exports partners | Tanzania 37.7%, US 17.4%, Japan 15.2%, UK 8.4%, Nigeria 4.8%, Spain 4.5% (2006) |
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Imports | $45 million c.i.f. (2004 est.) |
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Imports commodities | food, beverages, tobacco, fuel oils, animal feed, building materials, motor vehicles and parts, machinery and parts |
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Imports partners | UK 53.5%, South Africa 14.3%, Spain 10.3%, Tanzania 8.5%, US 4.6% (2006) |
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Debt external | $NA |
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Economic aid recipient | $27.25 million obtained in a grant from the United Kingdom (FY06/07) |
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Currency code | Saint Helenian pound (SHP) |
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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 |
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Communications - Saint Helena: |
Transportation - Saint Helena: |
Military - Saint Helena: |
This page was last updated on 16 September, 2007