exxun.com - Svalbard

Economy	Svalbard
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Economy - overview:	Coal mining, tourism, and international research are the major revenue sources on Svalbard. Coal mining is the dominant economic activity and a treaty of 9 February 1920 gave the 41 signatories equal rights to exploit mineral deposits, subject to Norwegian regulation. Although US, UK, Dutch, and Swedish coal companies have mined in the past, the only companies still engaging in this are Norwegian and Russian. The settlements on Svalbard are essentially company towns. The Norwegian state-owned coal company employs nearly 60% of the Norwegian population on the island, runs many of the local services, and provides most of the local infrastructure. There is also some hunting of seal, reindeer, and fox. Goods such as alcohol, tobacco, and vehicles, normally highly taxed on mainland Norway, are considerably cheaper in Svalbard in an effort by the Norwegian government to entice more people to live on the Arctic archipelago.
GDP (purchasing power parity):	$NA
GDP - per capita (PPP):	void
GDP (official exchange rate):	void
GDP - real growth rate:	NA%
GDP - composition by sector:	void
Investment (gross fixed):	void
Population below poverty line:	void
Household income or consumption by percentage share:	void
Distribution of family income - Gini index:	void
Inflation rate (consumer prices):	void
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
Stock of narrow money:	void
Stock of broad money:	void
Labor force:	1,234 in Norwegian settlements (2003)
Labor force participation rate:	61.12 % of population
Labor force - by occupation:	void
Unemployment rate:	void
Unemployment, youth ages 15-24:	void
Budget:	revenues: $25.07 million expenditures: $NA (2004 est.)
Budget revenues per capita:	void
Taxes and other revenues:	void
Budget surplus (+) or deficit (-):	void
Public debt:	void
Industries:	void
Industrial production growth rate:	void
Electricity - production:	void
Electricity - production per capita:	void
Electricity - consumption:	void
Electricity - consumption - per capita:	void
Electricity - exports:	void
Electricity - imports:	void
Oil - production:	void
Oil - production per capita:	void
Oil - consumption:	void
Oil - consumption - per capita:	void
Oil - exports:	void
Oil - imports:	void
Oil - proved reserves:	void
Natural gas - production:	void
Natural gas - production per capita:	void
Natural gas - consumption:	void
Natural gas - consumption - per capita:	void
Natural gas - exports:	void
Natural gas - imports:	void
Natural gas - proved reserves:	void
Agriculture - products:	void
Current account balance:	void
Current account balance - per capita:	void
Exports:	$197.6 million (2000)
Exports per capita:	97,871 USD per capita
Exports - commodities:	void
Exports - partners:	void
Imports:	$NA
Imports per capita:	void
Imports - commodities:	void
Imports - partners:	void
Reserves of foreign exchange and gold:	void
Reserves of foreign exchange and gold - per capita:	void
Debt - external:	void
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
Currency (code):	Norwegian krone (NOK)
Exchange rates:	Norwegian kroner (NOK) per US dollar - 5.432 (2011) 6.044 (2010) 6.288 (2009)
Fiscal year:	void

= Fields = World Records = Dictionary = Bar graph = Distribution map = Fields History = Definitions

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This page was last updated on 3 February, 2012

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