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Saint Helena, Ascension, and Tristan da Cunha Economy 2014
https://theodora.com/wfbcurrent/saint_helena_ascension_and_tristan_da_cunha/saint_helena_ascension_and_tristan_da_cunha_economy.html
SOURCE: 2014 CIA WORLD FACTBOOK AND OTHER SOURCES


















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Page last updated on January 7, 2014

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):
$31.1 million (FY09/10 est.)
country comparison to the world: 227
[see also: GDP 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:
$7,800 (FY09/10 est.)
country comparison to the world: 135
[see also: GDP - per capita country ranks ]

GDP - composition, by sector of origin:
agriculture: NA%
industry: NA%
services: NA%

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

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

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

Labor force:
2,486 (1998 est.)
country comparison to the world: 228
[see also: Labor force country ranks ]

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

Unemployment rate:
14% (1998 est.)
country comparison to the world: 139
[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%

Budget:
revenues: $10.36 million
[see also: Budget revenues country ranks ]
expenditures: $25.46 million
note: revenue data reflect locally raised revenues only; the budget deficit is resolved by grant aid from the UK (FY06/07 est.)

Fiscal year:
1 April - 31 March

Inflation rate (consumer prices):
4% (2012 est.)
country comparison to the world: 122
[see also: Inflation rate (consumer prices) country ranks ]

Exports:
$19 million (2004 est.)
country comparison to the world: 206
[see also: Exports country ranks ]

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

Imports:
$20.53 million (2010 est.)
country comparison to the world: 219
[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 -

0.6307 (2012)
0.6236 (2011)
0.6472 (2010)
0.6175 (2009)
0.5302 (2008)


NOTE: The information regarding Saint Helena, Ascension, and Tristan da Cunha on this page is re-published from the 2014 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Saint Helena, Ascension, and Tristan da Cunha Economy 2014 information contained here. All suggestions for corrections of any errors about Saint Helena, Ascension, and Tristan da Cunha Economy 2014 should be addressed to the CIA.



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This page was last modified 14-Feb-14
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