Saint Helena:
Economy

Pages for other countries and territories

Other pages in this profile of Saint Helena:
Geography, People, Government, Communications & Transportation, Military & Transnational Issues.


Economy - overview	Definition 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)	Definition - World rank and map $18 million (1998 est.)
GDP (official exchange rate)	Definition $NA
GDP - real growth rate	Definition - World rank and map NA%
GDP - per capita	Definition - World rank and map $2,500 (1998 est.)
GDP - composition by sector	Definition agriculture: NA% industry: NA% services: NA%
Labor force	Definition 2,486 note: 1,200 work offshore (1998 est.)
Labor force - by occupation	Definition agriculture: 6% industry: 48% services: 46% (1987 est.)
Unemployment rate	Definition - World rank and map 14% (1998 est.)
Population below poverty line	Definition NA%
Household income or consumption by percentage share	Definition lowest 10%: NA% highest 10%: NA%
Inflation rate (consumer prices)	Definition - World rank and map 3.2% (1997 est.)
Budget	Definition revenues: $13.09 million expenditures: $32.16 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	Definition coffee, corn, potatoes, vegetables; timber; fish, lobster (on Tristan da Cunha); livestock
Industries	Definition construction, crafts (furniture, lacework, fancy woodwork), fishing, philatelic sales
Industrial production growth rate	Definition - World rank and map NA%
Electricity - production	Definition - World rank and map 8 million kWh (2005)
Electricity - consumption	Definition - World rank and map 7.44 million kWh (2005)
Electricity - consumption per capita	Definition - World rank and map 978.9 kWh (2005)
Electricity - exports	Definition 0 kWh (2005)
Electricity - imports	Definition 0 kWh (2005)
Oil - production	Definition - World rank and map 0 bbl/day (2005 est.)
Oil - consumption	Definition - World rank and map 70 bbl/day (2005 est.)
Oil - consumption per 1,000 people	Definition - World rank and map 9.2 bbl/day (2005 est.)
Oil - exports	Definition - World rank and map 0 bbl/day (2004)
Oil - imports	Definition - World rank and map 64.07 bbl/day (2004)
Oil - proved reserves	Definition - World rank and map 0 bbl (1 January 2006 est.)
Natural gas - production	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - consumption	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - consumption per capita	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - exports	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - imports	Definition - World rank and map 0 cu m (2005)
Natural gas - proved reserves	Definition - World rank and map 0 cu m (1 January 2006 est.)
Exports	Definition - World rank and map $19 million f.o.b. (2004 est.)
Exports - commodities	Definition fish (frozen, canned, and salt-dried skipjack, tuna), coffee, handicrafts
Exports - partners	Definition Tanzania 37.7%, US 17.4%, Japan 15.2%, UK 8.4%, Nigeria 4.8%, Spain 4.5% (2006)
Imports	Definition - World rank and map $45 million c.i.f. (2004 est.)
Imports - commodities	Definition food, beverages, tobacco, fuel oils, animal feed, building materials, motor vehicles and parts, machinery and parts
Imports - partners	Definition UK 53.5%, South Africa 14.3%, Spain 10.3%, Tanzania 8.5%, US 4.6% (2006)
Debt - external	Definition - World rank and map $NA
Economic aid - recipient	Definition $29.56 million obtained in a grant from the United Kingdom (FY06/07)
Currency (code)	Definition Saint Helenian pound (SHP)
Exchange rates	Definition Saint Helenian pounds per US dollar - 0.4993 (2007), 0.5434 (2006), 0.5493 (2005), 0.5462 (2004), 0.6125 (2003) note: the Saint Helenian pound is on par with the British pound
Fiscal year	Definition 1 April - 31 March

Saint Helena: Economy

Saint Helena:
Economy