| Economy - overview | 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. |
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| GDP - real growth rate | NA% |
|
| 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% |
|
| Labor force | 2,486
note: 1,200 work offshore (1998 est.) |
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| Labor force - by occupation | agriculture: 6%
industry: 48%
services: 46% (1987 est.) |
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| Unemployment rate | 14% (1998 est.) |
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| Budget | revenues: $12.07 million
expenditures: $29.64 million; including capital expenditures of $NA
note: revenue data reflect locally raised revenues only; the budget deficit is resolved by grant aid from the United Kingdom (FY92/93) |
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| Industries | construction, crafts (furniture, lacework, fancy woodwork), fishing, philatelic sales |
|
| Industrial production growth rate | NA% |
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Electricity -
production | 7 million kWh (2004) |
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Electricity -
production by source | fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (2001) |
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Electricity -
consumption | 6.51 million kWh (2004) |
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Electricity -
exports | 0 kWh (2004) |
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Electricity -
imports | 0 kWh (2004) |
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| Oil - production | 0 bbl/day (2004 est.) |
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| Oil - consumption | 100 bbl/day (2004 est.) |
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| Oil - exports | NA bbl/day |
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| Oil - imports | NA bbl/day |
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| Agriculture - products | coffee, corn, potatoes, vegetables; timber; fish, lobster (on Tristan da Cunha); livestock |
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| Exports | $19 million f.o.b. (2004 est.) |
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| Exports - commodities | fish (frozen, canned, and salt-dried skipjack, tuna), coffee, handicrafts |
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| Exports - partners | Tanzania 37.7%, US 17.4%, Japan 15.2%, UK 8.4%, Nigeria 4.8%, Spain 4.5% (2005) |
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| Imports | $45 million c.i.f. (2004 est.) |
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| Imports - commodities | food, beverages, tobacco, fuel oils, animal feed, building materials, motor vehicles and parts, machinery and parts |
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| Imports - partners | UK 53.5%, South Africa 14.3%, Spain 10.3%, Tanzania 8.5%, US 4.6% (2005) |
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| Debt - external | $NA |
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| Economic aid - recipient | $27.25 million obtained in a grant from the United Kingdom (FY06/07) |
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| Currency code | SHP |
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| Exchange rates | Saint Helenian pounds per US dollar - 0.5434 (2006), 0.5493 (2005), 0.5462 (2004), 0.6125 (2003), 0.6672 (2002)
note: the Saint Helenian pound is on par with the British pound |
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| Fiscal year | 1 April - 31 March |
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