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Saint Helena, Ascension, and Tristan da Cunha Economy 2011
https://theodora.com/wfbcurrent/saint_helena/saint_helena_economy.html
SOURCE: 2011 CIA WORLD FACTBOOK AND OTHER SOURCES


















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Page last updated on January 3, 2011

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:
$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


NOTE: The information regarding Saint Helena, Ascension, and Tristan da Cunha on this page is re-published from the 2011 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 2011 information contained here. All suggestions for corrections of any errors about Saint Helena, Ascension, and Tristan da Cunha Economy 2011 should be addressed to the CIA.



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This page was last modified 09-Feb-11
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