Economy - overview:
The economy depends largely on financial assistance from the UK, which amounted to about $27 million in FY06/07 or more than twice the level 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.)
country comparison to the world: 226
[see also: GDP (purchasing power parity) country ranks ]

GDP (official exchange rate):
$NA
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
NA%
[see also: GDP - real growth rate country ranks ]

GDP - per capita (PPP):
$2,500 (1998 est.)
country comparison to the world: 178
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: NA%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: NA%
[see also: GDP - composition by sector - industry country ranks ]
services: NA%
[see also: GDP - composition by sector - services country ranks ]

Labor force:
2,486
country comparison to the world: 224
note: 1,200 work offshore (1998 est.)
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 6%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 48%
[see also: Labor force - by occupation - industry country ranks ]
services: 46% (1987 est.)
[see also: Labor force - by occupation - services country ranks ]

Unemployment rate:
14% (1998 est.)
country comparison to the world: 142
[see also: Unemployment rate country ranks ]

Population below poverty line:
NA%
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: NA%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: NA%
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Budget:
revenues: $10.05 million
[see also: Budget - revenues country ranks ]
expenditures: $24.69 million
[see also: Budget - expenditures country ranks ]
note: revenue data reflect locally raised revenues only; the budget deficit is resolved by grant aid from the United Kingdom (FY06/07 est.)

Inflation rate (consumer prices):
3.2% (1997 est.)
country comparison to the world: 94
[see also: Inflation rate (consumer prices) country ranks ]

Agriculture - products:
coffee, corn, potatoes, vegetables; timber; fish, lobster; livestock

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

Industrial production growth rate:
NA%
[see also: Industrial production growth rate country ranks ]

Electricity - production:
8 million kWh (2007 est.)
country comparison to the world: 211
[see also: Electricity - production country ranks ]

Electricity - consumption:
7.44 million kWh (2007 est.)
country comparison to the world: 212
[see also: Electricity - consumption country ranks ]

Electricity - exports:
0 kWh (2008 est.)
[see also: Electricity - exports country ranks ]

Electricity - imports:
0 kWh (2008 est.)
[see also: Electricity - imports country ranks ]

Oil - production:
0 bbl/day (2009 est.)
country comparison to the world: 139
[see also: Oil - production country ranks ]

Oil - consumption:
0 bbl/day (2009 est.)
country comparison to the world: 208
[see also: Oil - consumption country ranks ]

Oil - exports:
0 bbl/day (2007 est.)
country comparison to the world: 183
[see also: Oil - exports country ranks ]

Oil - imports:
80 bbl/day (2007 est.)
country comparison to the world: 202
[see also: Oil - imports country ranks ]

Oil - proved reserves:
0 bbl (1 January 2010 est.)
country comparison to the world: 132
[see also: Oil - proved reserves country ranks ]

Natural gas - production:
0 cu m (2008 est.)
country comparison to the world: 139
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
0 cu m (2008 est.)
country comparison to the world: 159
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
0 cu m (2008 est.)
country comparison to the world: 137
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
0 cu m (2008 est.)
country comparison to the world: 142
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
0 cu m (1 January 2010 est.)
country comparison to the world: 108
[see also: Natural gas - proved reserves country ranks ]

Exports:
$19 million (2004 est.)
country comparison to the world: 208
[see also: Exports country ranks ]

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

Imports:
$45 million (2004 est.)
country comparison to the world: 217
[see also: Imports country ranks ]

Imports - commodities:
food, beverages, tobacco, fuel oils, animal feed, building materials, motor vehicles and parts, machinery and parts

Debt - external:
$NA
[see also: Debt - external country ranks ]

Exchange rates:
Saint Helenian pounds (SHP) per US dollar - 0.6494 (2009), 0.5302 (2008), 0.4993 (2007), 0.5418 (2006), 0.5462 (2004)
note: the Saint Helenian pound is on par with the British pound