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Saint Helena Economy 2009
https://geographic.org/wfb2009/saint_helena/saint_helena_economy.html
SOURCE: 2009 CIA WORLD FACTBOOK

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Saint Helena Economy 2009
SOURCE: 2009 CIA WORLD FACTBOOK


Economy - overview:
The economy depends largely on financial assistance from the UK, which amounted to about $27 million in FY06/07 or almost 70% 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.)

GDP (official exchange rate):
$NA

GDP - real growth rate:
NA%

GDP - per capita (PPP):
$2,500 (1998 est.)

GDP - composition by sector:
agriculture: NA%
industry: NA%
services: NA%

Labor force:
2,486
note: 1,200 work offshore (1998 est.)

Labor force - by occupation:
agriculture: 6%
industry: 48%
services: 46% (1987 est.)

Unemployment rate:
14% (1998 est.)

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

Budget:
revenues: $12.33 million
expenditures: $30.28 million
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):
NA

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

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

Industrial production growth rate:
NA%

Electricity - production:
8 million kWh (2006 est.)

Electricity - consumption:
7.44 million kWh (2006 est.)

Electricity - exports:
0 kWh (2007 est.)

Electricity - imports:
0 kWh (2007 est.)

Oil - production:
0 bbl/day (2007 est.)

Oil - consumption:
60 bbl/day (2006 est.)

Oil - exports:
0 bbl/day (2005)

Oil - imports:
85.42 bbl/day (2005)

Oil - proved reserves:
0 bbl (1 January 2006 est.)

Natural gas - production:
0 cu m (2007 est.)

Natural gas - consumption:
0 cu m (2007 est.)

Natural gas - exports:
0 cu m (2007 est.)

Natural gas - imports:
0 cu m (2007 est.)

Natural gas - proved reserves:
0 cu m (1 January 2006 est.)

Exports:
$19 million f.o.b. (2004 est.)

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

Imports:
$45 million c.i.f. (2004 est.)

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

Debt - external:
$NA

Exchange rates:
Saint Helenian pounds (SHP) per US dollar - 0.5302 (2008), 0.4993 (2007), 0.5418 (2006), 0.5493 (2005), 0.5462 (2004)
note: the Saint Helenian pound is on par with the British pound


NOTE: The information regarding Saint Helena on this page is re-published from the 2009 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Saint Helena Economy 2009 information contained here. All suggestions for corrections of any errors about Saint Helena Economy 2009 should be addressed to the CIA.






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