Home > Factbook > Countries > Saint Helena, Ascension, and Tristan da Cunha
| Economy - 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) | $31.1 million (FY09/10 est.) |
| GDP (official exchange rate) | NA |
| GDP - real growth rate | NA |
| GDP - per capita (PPP) | $7,800 (FY09/10 est.) |
| GDP - composition by sector | agriculture: NA industry: NA services: NA |
| Population below poverty line | NA |
| Labor force | 2,486 (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 | |
| Budget | revenues: 8.427 million (FY06/07 est.) expenditures: 20.7 million (FY06/07 est.) note: revenue data reflect only locally raised revenues; the budget deficit is resolved by grant aid from the UK |
| Inflation rate (consumer prices) | 4% (2012 est.) |
| Agriculture - products | coffee, corn, potatoes, vegetables; fish, lobster; livestock; timber |
| Industries | construction, crafts (furniture, lacework, fancy woodwork), fishing, collectible postage stamps |
| Industrial production growth rate | NA |
| Exports | $19 million (2004 est.) |
| Exports - commodities | fish (frozen, canned, and salt-dried skipjack, tuna), coffee, handicrafts |
| Imports | $20.53 million (2010 est.) |
| Imports - commodities | food, beverages, tobacco, fuel oils, animal feed, building materials, motor vehicles and parts, machinery and parts |
| Debt - external | NA |
| Stock of direct foreign investment - at home | (31 December 2009 est.) |
| Exchange rates | Saint Helenian pounds (SHP) per US dollar - 0.7836 (2017 est.) 0.6542 (2016 est.) 0.6542 (2015) 0.607 (2014 est.) 0.6391 (2013 est.) |
| Fiscal year | 1 April - 31 March |
Source: CIA World Factbook
This page was last updated on Friday, November 27, 2020
