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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:
Population below poverty line: NA% Household income or consumption by percentage share:
Inflation rate (consumer prices): NA% Labor force:
2,416 (1991 est.)
Labor force - by occupation: farmers and fishermen 6%, industry (mainly construction) 48%, services 46% (1987 est.) Unemployment rate: 18% (1996) Budget:
Industries: construction, crafts (furniture, lacework, fancy woodwork), fishing Industrial production growth rate: NA% Electricity - production: 6 million kWh (1998) Electricity - production by source:
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 |