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    Saint Helena Economy 2000

      Economy - overview: The economy depends largely on financial assistance from the UK, which amounted to about $5 million in 1998. The local population earns income from fishing, the raising of livestock, and sales of handicrafts. Because there are few jobs, a large proportion of the work force has left to seek employment overseas.

      GDP: purchasing power parity - $13.9 million (FY94/95 est.)

      GDP - real growth rate: NA%

      GDP - per capita: purchasing power parity - $2,000 (FY94/95 est.)

      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%

      Inflation rate (consumer prices): NA%

      Labor force: 2,416 (1991 est.)
      note: a large proportion of the work force has left to seek employment overseas

      Labor force - by occupation: farmers and fishermen 6%, industry (mainly construction) 48%, services 46% (1987 est.)

      Unemployment rate: 18% (1996)

      Budget:
      revenues: $11.2 million
      expenditures: $11 million, including capital expenditures of $NA (FY92/93)

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

      Industrial production growth rate: NA%

      Electricity - production: 6 million kWh (1998)

      Electricity - production by source:
      fossil fuel: 100%
      hydro: 0%
      nuclear: 0%
      other: 0% (1998)

      Electricity - consumption: 6 million kWh (1998)

      Electricity - exports: 0 kWh (1998)

      Electricity - imports: 0 kWh (1998)

      Agriculture - products: corn, potatoes, vegetables; timber; fish, crawfish (on Tristan da Cunha)

      Exports: $704,000 (f.o.b., 1995)

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

      Exports - partners: South Africa, UK

      Imports: $14.434 million (c.i.f., 1995)

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

      Imports - partners: UK, South Africa

      Debt - external: $NA

      Economic aid - recipient: $12.6 million (1995); note - $5.3 million from UK (1997)

      Currency: 1 Saint Helenian pound = 100 pence

      Exchange rates: Saint Helenian pounds per US$1 - 0.6092 (January 2000), 6.180 (1999), 0.6037 (1998), 0.6047 (1997), 0.6403 (1996), 0.6335 (1995); note - the Saint Helenian pound is at par with the British pound

      Fiscal year: 1 April - 31 March

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