|
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, the raising of
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 - real
growth rate: |
NA |
|
GDP - per
capita: |
purchasing power parity
- $2,500 (1998 est.) |
|
GDP -
composition by sector: |
agriculture:
NA
industry: NA
services: NA |
|
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.)
|
|
Labor
force: |
3,500
note: 1,200 work offshore (1998 est.) |
|
Labor
force - by occupation: |
agriculture and fishing
6%, industry (mainly construction) 48%, services 46% (1987 est.)
|
|
Unemployment rate: |
14% (1998 est.)
|
|
Budget: |
revenues:
$11.2 million
expenditures: $11 million, including capital expenditures of NA
(FY92/93) |
|
Agriculture - products: |
corn, potatoes,
vegetables; timber; fish, crawfish (on Tristan da Cunha) |
|
Industries: |
construction, crafts
(furniture, lacework, fancy woodwork), fishing |
|
Industrial
production growth rate: |
NA |
|
Electricity - production: |
5 million kWh (2001)
|
|
Electricity - production by source: |
fossil fuel:
100%
hydro: 0%
other: 0% (2001)
nuclear: 0% |
|
Electricity - consumption: |
4.65 million kWh (2001)
|
|
Electricity - exports: |
0 kWh (2001)
|
|
Electricity - imports: |
0 kWh (2001)
|
|
Oil -
production: |
0 bbl/day (2001 est.)
|
|
Oil -
consumption: |
200 bbl/day (2001 est.)
|
|
Oil -
exports: |
NA (2001) |
|
Oil -
imports: |
NA (2001) |
|
Exports: |
$17 million f.o.b.
(2002) |
|
Exports -
commodities: |
fish (frozen, canned,
and salt-dried skipjack, tuna), coffee, handicrafts |
|
Exports -
partners: |
US 25%, Tanzania 20%,
Indonesia 10%, UK 10%, Japan 5%, Netherlands 5%, Philippines 5%, Spain
5% (2003 est.) |
|
Imports: |
$42 million c.i.f.
(2002) |
|
Imports -
commodities: |
food, beverages,
tobacco, fuel oils, animal feed, building materials, motor vehicles
and parts, machinery and parts |
|
Imports -
partners: |
UK 28.2%, South Africa
23.1%, Spain 15.4%, Italy 7.7%, Tanzania 7.7%, US 5.1% (2003 est.)
|
|
Debt -
external: |
NA (1996) |
|
Economic
aid - recipient: |
$12.6 million (1995);
note - $5.3 million from UK (1997) |
|
Currency: |
Saint Helenian pound (SHP)
|
|
Currency
code: |
SHP |
|
Exchange
rates: |
Saint Helenian pounds
per US dollar - 0.6661 (2002), 0.6944 (2001), 0.6596 (2000), 0.6180
(1999), 0.6037 (1998), |
|
Fiscal
year: |
1 April - 31 March
|