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    Saint Helena Index 2006

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    Saint Helena Economy - 2006
    https://theodora.com/wfbcurrent/saint_helena/saint_helena_economy.html
    SOURCE: 2006 CIA WORLD FACTBOOK

      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, 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:
      3,500
      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: $11.2 million
      expenditures: $11 million; including capital expenditures of $NA (FY92/93)

      Agriculture - products:
      coffee, corn, potatoes, vegetables; timber; fish, lobster (on Tristan da Cunha)

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

      Industrial production growth rate:
      NA%

      Electricity - production:
      5 million kWh (2003)

      Electricity - consumption:
      4.65 million kWh (2003)

      Electricity - exports:
      0 kWh (2003)

      Electricity - imports:
      0 kWh (2003)

      Oil - production:
      0 bbl/day (2003 est.)

      Oil - consumption:
      100 bbl/day (2003 est.)

      Oil - exports:
      NA bbl/day

      Oil - imports:
      NA bbl/day

      Natural gas - production:
      0 cu m (2003 est.)

      Natural gas - consumption:
      0 cu m (2003 est.)

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

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

      Exports - partners:
      Tanzania 30.1%, US 23.6%, Japan 10.3%, UK 7%, Spain 6.2% (2004)

      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 35.6%, US 17.5%, South Africa 17.5%, Tanzania 10.4%, Australia 5.5%, Spain 4.1% (2004)

      Debt - external:
      $NA

      Economic aid - recipient:
      $12.6 million (1995); note - $5.3 million from UK (1997)

      Currency (code):
      Saint Helenian pound (SHP)

      Exchange rates:
      Saint Helenian pounds per US dollar - 0.55 (2005), 0.5462 (2004), 0.6125 (2003), 0.6672 (2002), 0.6947 (2001)
      note: the Saint Helenian pound is on par with the British pound

      Fiscal year:
      1 April - 31 March


      NOTE: The information regarding Saint Helena on this page is re-published from the 2006 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Saint Helena Economy 2006 information contained here. All suggestions for corrections of any errors about Saint Helena Economy 2006 should be addressed to the CIA.

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    https://theodora.com/wfbcurrent/saint_helena/saint_helena_economy.html

    Revised 06-Jun-06
    Copyright © 2006 Photius Coutsoukis (all rights reserved)


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