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Saint Helena, Ascension, and Tristan da Cunha

Saint Helena, Ascension, and Tristan da Cunha Economy Stats

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.

Definitions

  • Budget > Expenditures: Expenditures calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms
  • Budget > Revenues: Revenues calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms
  • Exports: This entry provides the total US dollar amount of merchandise exports on an f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
  • Exports > Commodities: This entry provides a listing of the highest-valued exported products; it sometimes includes the percent of total dollar value.
  • Fiscal year: The beginning and ending months for a country's accounting period of 12 months, which often is the calendar year but which may begin in any month. All yearly references are for the calendar year (CY) unless indicated as a noncalendar fiscal year (FY).
  • GDP > Per capita > PPP: This entry shows GDP on a purchasing power parity basis divided by population as of 1 July for the same year.
  • GDP > Purchasing power parity: This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year. A nation's GDP at purchasing power parity (PPP) exchange rates is the sum value of all goods and services produced in the country valued at prices prevailing in the United States. This is the measure most economists prefer when looking at per-capita welfare and when comparing living conditions or use of resources across countries. The measure is difficult to compute, as a US dollar value has to be assigned to all goods and services in the country regardless of whether these goods and services have a direct equivalent in the United States (for example, the value of an ox-cart or non-US military equipment); as a result, PPP estimates for some countries are based on a small and sometimes different set of goods and services. In addition, many countries do not formally participate in the World Bank's PPP project that calculates these measures, so the resulting GDP estimates for these countries may lack precision. For many developing countries, PPP-based GDP measures are multiples of the official exchange rate (OER) measure. The difference between the OER- and PPP-denominated GDP values for most of the weathly industrialized countries are generally much smaller.
  • Imports: This entry provides the total US dollar amount of merchandise imports on a c.i.f. (cost, insurance, and freight) or f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
  • Industries: A rank ordering of industries starting with the largest by value of annual output.
  • Inflation rate > Consumer prices: This entry furnishes the annual percent change in consumer prices compared with the previous year's consumer prices.
  • Labor force: This entry contains the total labor force figure.
  • Unemployment rate: This entry contains the percent of the labor force that is without jobs. Substantial underemployment might be noted.
STAT AMOUNT DATE RANK HISTORY
Agriculture > Products coffee, corn, potatoes, vegetables; fish, lobster; livestock; timber 2013
Budget > Expenditures $25.46 million 2013 12th out of 12
Budget > Revenues $10.36 million 2013 219th out of 223
Exports $19.00 million 2004 6th out of 14
Exports > Commodities fish (frozen, canned, and salt-dried skipjack, tuna), coffee, handicrafts 2013
Fiscal year 1 2013
GDP > Per capita > PPP $7,800.00 2010 1st out of 1
GDP > Purchasing power parity $31.10 million 2010 1st out of 1
Imports $20.53 million 2010 199th out of 201
Industries construction, crafts (furniture, lacework, fancy woodwork), fishing, philatelic sales 2013
Inflation rate > Consumer prices 4% 2012 96th out of 199
Labor force 2 2013 208th out of 230
Unemployment rate 14% 1998 3rd out of 4

SOURCES: CIA World Factbooks 18 December 2003 to 28 March 2011; CIA World Factbooks 2010, 2011, 2012, 2013; All CIA World Factbooks 18 December 2003 to 18 December 2008; CIA World Factbook 2010, 2011, 2012, 2013

Citation

"Saint Helena, Ascension, and Tristan da Cunha Economy Stats", NationMaster. Retrieved from http://www.nationmaster.com/country-info/profiles/Saint-Helena,-Ascension,-and-Tristan-da-Cunha/Economy

Saint Helena, Ascension, and Tristan da Cunha Economy Profiles (Subcategories)

Labor force 3

Saint Helena, Ascension, and Tristan da Cunha categories

Economy Government People
Energy Media Transport
Geography Military