Africa > Saint Helena > Economy

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Agriculture > products corn, potatoes, vegetables; timber; fish, crawfish (on Tristan da Cunha)
Currency	Saint Helenian pound
Economic aid > Recipient	$12,600,000.00		[30th of 134]
Economy > Overview The economy depends largely on financial assistance from the UK, which will amount 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.
Exchange rates Saint Helenian pounds per US dollar - 0.5462 (2004), 0.6125 (2003), 0.6672 (2002), 0.6947 (2001), 0.6609 (2000)
Exchange rates > Note the Saint Helenian pound is on par with the British pound
Exports	$19,000,000.00		[49th of 189]
Exports > Commodities fish (frozen, canned, and salt-dried skipjack, tuna), coffee, handicrafts
Exports > Partners Tanzania 37.7%, US 17.4%, Japan 15.2%, UK 8.4%, Nigeria 4.8%, Spain 4.5%
Exports to US	$2,600,000.00		[156th of 224]
Fiscal year	1 April - 31 March
GDP	$18,000,000.00		[186th of 203]
GDP > CIA Factbook	$18,000,000.00		[2nd of 192]
Imports	$45,000,000.00		[56th of 185]
Imports > Commodities food, beverages, tobacco, fuel oils, animal feed, building materials, motor vehicles and parts, machinery and parts
Imports > Partners UK 53.5%, South Africa 14.3%, Spain 10.3%, Tanzania 8.5%, US 4.6%
Imports from US	$1,000,000.00		[191st of 224]
Industries construction, crafts (furniture, lacework, fancy woodwork), fishing, philatelic sales
Trade balance with US	-$1,600,000.00		[121st of 224]
Trade with US > US exports of furniture, household goods, etc	18		[162nd of 202]

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