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Saint Helena:
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Other pages in this profile of Saint Helena:
Geography, People, Government, Communications & Transportation, Military & Transnational Issues.
Geography, People, Government, Communications & Transportation, Military & Transnational Issues.
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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 |
$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 note: revenue data reflect locally raised revenues only; the budget deficit is resolved by grant aid from the United Kingdom (FY06/07 est.) |
Agriculture - products |
coffee, corn, potatoes, vegetables; timber; fish, lobster (on Tristan da Cunha); livestock |
Industries |
construction, crafts (furniture, lacework, fancy woodwork), fishing, philatelic sales |
Electricity - production |
8 million kWh (2005) |
Electricity - consumption |
7.44 million kWh (2005) |
Electricity - exports |
0 kWh (2005) |
Electricity - imports |
0 kWh (2005) |
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 (1 January 2006) |
Natural Gas - production |
0 cu m (2005 est.) |
Natural Gas - consumption |
0 cu m (2005 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 |
Fiscal year |
1 April - 31 March |
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