AllRefer.com Reference and Encyclopedia Resource 

AllRefer Channels :: Health | Yellow Pages | | Reference

March 29, 2024  
 Countries
 Flags
 Maps

You are here : AllRefer.com > Reference > World > Countries > Saint Helena > Saint Helena - Economy

Saint Helena: Economy

Economy Saint Helena
Economy - overview:
The economy depends largely on financial assistance from the UK, which amounted to about $5 million in 1997 or almost one-half of annual budgetary revenues. The local population earns income from fishing, the raising of 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 - real growth rate:
NA%
GDP - per capita:
purchasing power parity - $2,500 (1998 est.)
GDP - composition by sector:
agriculture: NA%
industry: NA%
services: NA%
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.)
Labor force:
3,500
note: 1,200 work offshore (1998 est.)
Labor force - by occupation:
agriculture and fishing 6%, industry (mainly construction) 48%, services 46% (1987 est.)
Unemployment rate:
14% (1998 est.)
Budget:
revenues: $11.2 million
expenditures: $11 million, including capital expenditures of $NA (FY92)
Industries:
construction, crafts (furniture, lacework, fancy woodwork), fishing
Industrial production growth rate:
NA%
Electricity - production:
5 million kWh (2001)
Electricity - production by source:
fossil fuel: 100%
hydro: 0%
other: 0% (2001)
nuclear: 0%
Electricity - consumption:
4.65 million kWh (2001)
Electricity - exports:
0 kWh (2001)
Electricity - imports:
0 kWh (2001)
Oil - production:
0 bbl/day (2001 est.)
Oil - consumption:
200 bbl/day (2001 est.)
Oil - exports:
NA (2001)
Oil - imports:
NA (2001)
Agriculture - products:
corn, potatoes, vegetables; timber; fish, crawfish (on Tristan da Cunha)
Exports:
$704,000 f.o.b. (1995)
Exports - commodities:
fish (frozen, canned, and salt-dried skipjack, tuna), coffee, handicrafts
Exports - partners:
US 23.7%, Japan 20.5%, Netherlands 16%, Tanzania 15.4%, Spain 6.4%, UK 5.1%, Indonesia 4.5% (2002)
Imports:
$14.434 million c.i.f. (1995)
Imports - commodities:
food, beverages, tobacco, fuel oils, animal feed, building materials, motor vehicles and parts, machinery and parts
Imports - partners:
UK 47.6%, Tanzania 14.6%, Italy 12.1%, South Africa 10.9%, US 5.3% (2002)
Debt - external:
$NA
Economic aid - recipient:
$12.6 million (1995); note - $5.3 million from UK (1997)
Currency:
Saint Helenian pound (SHP)
Currency code:
SHP
Exchange rates:
Saint Helenian pounds per US dollar - 0.6661 (2002), 0.6944 (2001), 0.6596 (2000), 0.6180 (1999), 0.6037 (1998),
Fiscal year:
1 April - 31 March

Also See:

Background & Country Profile
Geography
People
Government
Economy
Communications
Transportation
Military
Transnational Issues & International Disputes
Map
Flag

 

Source: The CIA World Fact Book 2003

Content on this web site is provided for informational purposes only. We accept no responsibility for any loss, injury or inconvenience sustained by any person resulting from information published on this site. We encourage you to verify any critical information with the relevant authorities.

About Us | Contact Us | Terms of Use | Privacy  
Copyright © 2013 AllRefer.com All Rights reserved.
Site best viewed in 800 x 600 resolution.