| Economy | Saint Helena |
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Economy - overview:
|
The economy depends largely on financial assistance from the UK, which amounted 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 - per capita (PPP):
|
$2,500 (1998 est.) |
GDP (official exchange rate):
|
$NA |
GDP - real growth rate:
|
NA% |
GDP - composition by sector:
|
agriculture: NA%
industry: NA%
services: NA% |
Investment (gross fixed):
|
void |
Population below poverty line:
|
NA% |
Household income or consumption by percentage share:
|
lowest 10%: NA%
highest 10%: NA% |
Distribution of family income - Gini index:
|
void |
Inflation rate (consumer prices):
|
NA |
Central bank discount rate:
|
void |
Commercial bank prime lending rate:
|
void |
Stock of money:
|
void |
Stock of money - per capita:
|
void |
Stock of quasi money:
|
void |
Stock of quasi money - per capita:
|
void |
Stock of domestic credit:
|
void |
Stock of domestic credit - per capita:
|
void |
Labor force:
|
2,486
note: 1,200 work offshore (1998 est.) |
Labor force participation rate:
|
32.55 % of population |
Labor force - by occupation:
|
agriculture: 6%
industry: 48%
services: 46% (1987 est.) |
Unemployment rate:
|
14% (1998 est.) |
Budget:
|
revenues: $12.33 million
expenditures: $30.28 million
note: revenue data reflect locally raised revenues only; the budget deficit is resolved by grant aid from the United Kingdom (FY06/07 est.) |
Budget revenues per capita:
|
1,615 USD per capita |
Public debt:
|
void |
Industries:
|
construction, crafts (furniture, lacework, fancy woodwork), fishing, philatelic sales |
Industrial production growth rate:
|
NA% |
Electricity - production:
|
8 million kWh (2006 est.) |
Electricity - production per capita:
|
1,048 kWh per capita |
Electricity - consumption:
|
7.44 million kWh (2006 est.) |
Electricity - consumption - per capita:
|
975 kWh per capita |
Electricity - exports:
|
0 kWh (2007 est.) |
Electricity - imports:
|
0 kWh (2007 est.) |
Oil - production:
|
0 bbl/day (2007 est.) |
Oil - production per capita:
|
void |
Oil - consumption:
|
60 bbl/day (2006 est.) |
Oil - consumption - per capita:
|
2.87 bbl/year per capita |
Oil - exports:
|
0 bbl/day (2005) |
Oil - imports:
|
85.42 bbl/day (2005) |
Oil - proved reserves:
|
0 bbl (1 January 2006 est.) |
Natural gas - production:
|
0 cu m (2007 est.) |
Natural gas - production per capita:
|
void |
Natural gas - consumption:
|
0 cu m (2007 est.) |
Natural gas - consumption - per capita:
|
void |
Natural gas - exports:
|
0 cu m (2007 est.) |
Natural gas - imports:
|
0 cu m (2007 est.) |
Natural gas - proved reserves:
|
0 cu m (1 January 2006 est.) |
Agriculture - products:
|
coffee, corn, potatoes, vegetables; timber; fish, lobster (on Tristan da Cunha); livestock |
Current account balance:
|
void |
Current account balance - per capita:
|
void |
Exports:
|
$19 million f.o.b. (2004 est.) |
Exports per capita:
|
2,488 USD per capita |
Exports - commodities:
|
fish (frozen, canned, and salt-dried skipjack, tuna), coffee, handicrafts |
Exports - partners:
|
void |
Imports:
|
$45 million c.i.f. (2004 est.) |
Imports per capita:
|
5,893 USD per capita |
Imports - commodities:
|
food, beverages, tobacco, fuel oils, animal feed, building materials, motor vehicles and parts, machinery and parts |
Imports - partners:
|
void |
Reserves of foreign exchange and gold:
|
void |
Reserves of foreign exchange and gold - per capita:
|
void |
Debt - external:
|
$NA |
Debt - external - per capita:
|
void |
Stock of direct foreign investment - at home:
|
void |
Stock of direct foreign investment - at home - per capita:
|
void |
Stock of direct foreign investment - abroad:
|
void |
Stock of direct foreign investment - abroad - per capita:
|
void |
Market value of publicly traded shares:
|
void |
Market value of publicly traded shares - per capita:
|
void |
Economic aid - donor:
|
void |
Economic aid - recipient:
|
$29.56 million obtained in a grant from the United Kingdom (FY06/07) |
Economic aid - recipient per capita:
|
3,871 USD per capita |
Currency (code):
|
Saint Helenian pound (SHP) |
Exchange rates:
|
Saint Helenian pounds (SHP) per US dollar - 0.5302 (2008), 0.4993 (2007), 0.5418 (2006), 0.5493 (2005), 0.5462 (2004)
note: the Saint Helenian pound is on par with the British pound |
Fiscal year:
|
1 April - 31 March |
|
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