Support our Sponsor

. . Flags of the World Maps of All Countries
; geographic.org; Home; Page; Country Index

Svalbard (territory of Norway) Economy

    Economy—overview: Coal mining is the major economic activity on Svalbard. The treaty of 9 February 1920 gives the 41 signatories equal rights to exploit mineral deposits, subject to Norwegian regulation. Although US, UK, Dutch, and Swedish coal companies have mined in the past, the only companies still mining are Norwegian and Russian. The settlements on Svalbard are essentially company towns. The Norwegian state-owned coal company employs nearly 60% of the Norwegian population on the island, runs many of the local services, and provides most of the local infrastructure. There is also some trapping of seal, polar bear, fox, and walrus.

    GDP: $NA

    GDP—real growth rate: NA%

    GDP—per capita: $NA

    Population below poverty line: NA%

    Household income or consumption by percentage share:
    lowest 10%: NA%
    highest 10%: NA%

    Inflation rate (consumer prices): NA%

    Labor force: NA

    Budget:
    revenues: $11.7 million
    expenditures: $11.7 million, including capital expenditures of $NA (1997 est.)

    Industrial production growth rate: NA%

    Electricity—production: NA kWh

    Electricity—production by source:
    fossil fuel: NA%
    hydro: NA%
    nuclear: NA%
    other: NA%

    Electricity—consumption: NA kWh

    Electricity—exports: NA kWh

    Electricity—imports: NA kWh

    Exports: $NA

    Imports: $NA

    Economic aid—recipient: $8.7 million from Norway (1997)

    Currency: 1 Norwegian krone (NKr) = 100 oere

    Exchange rates: Norwegian kroner (NKr) per US$1—7.4524 (January 1999), 7.5451 (1998), 7.0734 (1997), 6.4498 (1996), 6.3352 (1995), 7.0576 (1994)

Support Our Sponsor

Support Our Sponsor

Please put this page in your BOOKMARKS - - - - -



Revised 1-Mar-99
Copyright © 1999 Photius Coutsoukis (all rights reserved)