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EconomyEconomy - 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) World Ranking: 225
$18 million (1998 est.)
Gdp (official exchange rate)
$NA
Gdp - real growth rate
NA%
Gdp - per capita (ppp) World Ranking: 179
$2,500 (1998 est.)
Gdp - composition by sector
Agriculture NA%
Industry NA% Services NA% Labor force World Ranking: 225
2,486 (1998 est.)
Labor force - by occupation
Agriculture 6%
Industry 48% Services 46% (1987 est.) Unemployment rate World Ranking: 140
14% (1998 est.)
Population below poverty line
NA%
Household income or consumption by percentage share
Lowest 10% NA%
Highest 10% NA% Budget
Revenues $10.58 million
Expenditures $26 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) World Ranking: 64
3.2% (1997 est.)
Agriculture - products
Coffee, corn, potatoes, vegetables; fish, lobster; livestock; timber Industries
Construction, crafts (furniture, lacework, fancy woodwork), fishing, philatelic sales Industrial production growth rate
NA%
Electricity - production World Ranking: 210
8 million kWh (2008 est.)
Electricity - consumption World Ranking: 212
7.44 million kWh (2008 est.)
Electricity - exports
0 kWh (2009 est.)
Electricity - imports
0 kWh (2009 est.)
Oil - production World Ranking: 128
0 bbl/day (2010 est.)
Oil - consumption World Ranking: 208
100 bbl/day (2010 est.)
Oil - exports World Ranking: 190
0 bbl/day (2009 est.)
Oil - imports World Ranking: 204
84.68 bbl/day (2009 est.)
Oil - proved reserves World Ranking: 181
0 bbl (1 January 2011 est.)
Natural gas - production World Ranking: 115
0 cu m (2009 est.)
Natural gas - consumption World Ranking: 121
0 cu m (2009 est.)
Natural gas - exports World Ranking: 166
0 cu m (2009 est.)
Natural gas - imports World Ranking: 116
0 cu m (2009 est.)
Natural gas - proved reserves World Ranking: 117
0 cu m (1 January 2011 est.)
Exports World Ranking: 206
$19 million (2004 est.)
Exports - commodities
Fish (frozen, canned, and salt-dried skipjack, tuna), coffee, handicrafts Imports World Ranking: 217
$45 million (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 - 0.6241 (2011)0.6472 (2010) 0.6175 (2009) 0.5302 (2008) 0.4993 (2007) Fiscal year
1 April - 31 March
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Saint Helena [ United Kingdom ] (Overseas Territory):
 
GPS points from Saint Helena [ United Kingdom ] (Overseas Territory)
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Saint Helena is a British Overseas Territory consisting of Saint Helena and Ascension Islands, and the island group of Tristan da Cunha.