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Economy Stats: compare key data on Germany & Saint Helena

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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
  • Currency: The national medium of exchange and its basic sub-unit.
  • Overview: This entry briefly describes the type of economy, including the degree of market orientation, the level of economic development, the most important natural resources, and the unique areas of specialization. It also characterizes major economic events and policy changes in the most recent 12 months and may include a statement about one or two key future macroeconomic trends.
  • 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.
  • Exchange rates: The official value of a country's monetary unit at a given date or over a given period of time, as expressed in units of local currency per US dollar and as determined by international market forces or official fiat.
  • Trade > Exports to US: in US dollars. Jan 2003 - March 2003
  • Labor force > By occupation > Agriculture: This entry is derived from Economy > Labor force > By occupation, which lists the percentage distribution of the labor force by sector of occupation. Agriculture includes farming, fishing, and forestry. Industry includes mining, manufacturing, energy production, and construction. Services cover government activities, communications, transportation, finance, and all other economic activities that do not produce material goods. The distribution will total less than 100 percent if the data are incomplete and may range from 99-101 percent due to rounding.
    Additional details:
    • Gibraltar: negligible (2013)
  • Labor force > By occupation > Services: This entry is derived from Economy > Labor force > By occupation, which lists the percentage distribution of the labor force by sector of occupation. Agriculture includes farming, fishing, and forestry. Industry includes mining, manufacturing, energy production, and construction. Services cover government activities, communications, transportation, finance, and all other economic activities that do not produce material goods. The distribution will total less than 100 percent if the data are incomplete and may range from 99-101 percent due to rounding.
  • Trade > 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.
  • Oil > Exports: This entry is the total oil exported in barrels per day (bbl/day), including both crude oil and oil products.
    Additional details:
    • Bahamas, The: transshipments of 41,570 bbl/day (2007)
    • Bahamas, The: transshipments of 41,610 bbl/day (2009)
  • Oil > Production: This entry is the total oil produced in barrels per day (bbl/day). The discrepancy between the amount of oil produced and/or imported and the amount consumed and/or exported is due to the omission of stock changes, refinery gains, and other complicating factors.
  • Trade > Exports: The total US dollar amount of exports on an f.o.b. (free on board) basis.
  • Imports > Commodities: This entry provides a listing of the highest-valued imported products; it sometimes includes the percent of total dollar value.
  • Labor force per thousand people: This entry contains the total labor force figure. Figures expressed per thousand people for the same year.
  • Oil > Proved reserves: This entry is the stock of proved reserves of crude oil in barrels (bbl). Proved reserves are those quantities of petroleum which, by analysis of geological and engineering data, can be estimated with a high degree of confidence to be commercially recoverable from a given date forward, from known reservoirs and under current economic conditions.
  • Natural gas > Production: This entry is the total natural gas produced in cubic meters (cu m). The discrepancy between the amount of natural gas produced and/or imported and the amount consumed and/or exported is due to the omission of stock changes and other complicating factors.
  • Oil > Consumption: This entry is the total oil consumed in barrels per day (bbl/day). The discrepancy between the amount of oil produced and/or imported and the amount consumed and/or exported is due to the omission of stock changes, refinery gains, and other complicating factors.
  • Electricity > Consumption: This entry consists of total electricity generated annually plus imports and minus exports, expressed in kilowatt-hours. The discrepancy between the amount of electricity generated and/or imported and the amount consumed and/or exported is accounted for as loss in transmission and distribution.
  • Oil > Consumption per thousand people: This entry is the total oil consumed in barrels per day (bbl/day). The discrepancy between the amount of oil produced and/or imported and the amount consumed and/or exported is due to the omission of stock changes, refinery gains, and other complicating factors. Figures expressed per thousand people for the same year.
  • Labor force > By occupation > Industry: This entry is derived from Economy > Labor force > By occupation, which lists the percentage distribution of the labor force by sector of occupation. Agriculture includes farming, fishing, and forestry. Industry includes mining, manufacturing, energy production, and construction. Services cover government activities, communications, transportation, finance, and all other economic activities that do not produce material goods. The distribution will total less than 100 percent if the data are incomplete and may range from 99-101 percent due to rounding.
  • Electricity > Production: This entry is the annual electricity generated expressed in kilowatt-hours. The discrepancy between the amount of electricity generated and/or imported and the amount consumed and/or exported is accounted for as loss in transmission and distribution.
  • Oil > Production per thousand people: This entry is the total oil produced in barrels per day (bbl/day). The discrepancy between the amount of oil produced and/or imported and the amount consumed and/or exported is due to the omission of stock changes, refinery gains, and other complicating factors. Figures expressed per thousand people for the same year.
  • Oil > Imports: This entry is the total oil imported in barrels per day (bbl/day), including both crude oil and oil products.
  • Trade balance with US: In US dollars. Jan 2003 - March 2003
  • Natural gas > Proved reserves: This entry is the stock of proved reserves of natural gas in cubic meters (cu m). Proved reserves are those quantities of natural gas, which, by analysis of geological and engineering data, can be estimated with a high degree of confidence to be commercially recoverable from a given date forward, from known reservoirs and under current economic conditions.
  • Natural gas > Consumption: This entry is the total natural gas consumed in cubic meters (cu m). The discrepancy between the amount of natural gas produced and/or imported and the amount consumed and/or exported is due to the omission of stock changes and other complicating factors.
  • Natural gas > Proved reserves per capita: This entry is the stock of proved reserves of natural gas in cubic meters (cu m). Proved reserves are those quantities of natural gas, which, by analysis of geological and engineering data, can be estimated with a high degree of confidence to be commercially recoverable from a given date forward, from known reservoirs and under current economic conditions. Figures expressed per capita for the same year.
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STAT Germany Saint Helena HISTORY
Agriculture > Products potatoes, wheat, barley, sugar beets, fruit, cabbages; cattle, pigs, poultry coffee, corn, potatoes, vegetables; timber; fish, lobster; livestock
Budget > Expenditures $1.53 trillion
Ranked 4th. 60939 times more than Saint Helena 		$25.14 million
Ranked 23th.
Budget > Revenues $1.53 trillion
Ranked 4th. 150049 times more than Saint Helena 		$10.23 million
Ranked 217th.
Currency euro Saint Helenian pound
Overview The German economy - the fifth largest economy in the world in PPP terms and Europe's largest - is a leading exporter of machinery, vehicles, chemicals, and household equipment and benefits from a highly skilled labor force. Like its Western European neighbors, Germany faces significant demographic challenges to sustained long-term growth. Low fertility rates and declining net immigration are increasing pressure on the country's social welfare system and necessitate structural reforms. Reforms launched by the government of Chancellor Gerhard SCHROEDER (1998-2005), deemed necessary to address chronically high unemployment and low average growth, contributed to strong growth in 2006 and 2007 and falling unemployment. These advances, as well as a government subsidized, reduced working hour scheme, help explain the relatively modest increase in unemployment during the 2008-09 recession - the deepest since World War II - and its decrease to 6.5% in 2012. GDP contracted 5.1% in 2009 but grew by 4.2% in 2010, and 3.0% in 2011, before dipping to 0.7% in 2012 - a reflection of low investment spending due to crisis-induced uncertainty and the decreased demand for German exports from recession-stricken periphery countries. Stimulus and stabilization efforts initiated in 2008 and 2009 and tax cuts introduced in Chancellor Angela MERKEL's second term increased Germany's total budget deficit - including federal, state, and municipal - to 4.1% in 2010, but slower spending and higher tax revenues reduced the deficit to 0.8% in 2011. In 2012 Germany reached a budget surplus of 0.1%. A constitutional amendment approved in 2009 limits the federal government to structural deficits of no more than 0.35% of GDP per annum as of 2016 though the target was already reached in 2012. By 2014, the federal government wants to balance its budget. Following the March 2011 Fukushima nuclear disaster, Chancellor Angela Merkel announced in May 2011 that eight of the country's 17 nuclear reactors would be shut down immediately and the remaining plants would close by 2022. Germany hopes to replace nuclear power with renewable energy. Before the shutdown of the eight reactors, Germany relied on nuclear power for 23% of its electricity generating capacity and 46% of its base-load electricity production. 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.
Exports $1.46 trillion
Ranked 3rd. 76842 times more than Saint Helena 		$19.00 million
Ranked 7th.
Exports > Commodities motor vehicles, machinery, chemicals, computer and electronic products, electrical equipment, pharmaceuticals, metals, transport equipment, foodstuffs, textiles, rubber and plastic products fish (frozen, canned, and salt-dried skipjack, tuna), coffee, handicrafts
Fiscal year calendar year 1 April - 31 March
GDP > Per capita > PPP $38,700.00
Ranked 17th. 15 times more than Saint Helena 		$2,500.00
Ranked 1st.
GDP > Purchasing power parity $3.17 trillion
Ranked 5th. 175944 times more than Saint Helena 		$18.00 million
Ranked 1st.
Imports $1.22 trillion
Ranked 3rd. 27156 times more than Saint Helena 		$45.00 million
Ranked 13th.
Industries among the world's largest and most technologically advanced producers of iron, steel, coal, cement, chemicals, machinery, vehicles, machine tools, electronics, food and beverages, shipbuilding, textiles construction, crafts (furniture, lacework, fancy woodwork), fishing, philatelic sales
Inflation rate > Consumer prices 2.1%
Ranked 157th. 		3.2%
Ranked 1st. 52% more than Germany
Labor force 43
Ranked 67th. 22 times more than Saint Helena 		2
Ranked 202nd.
Unemployment rate 5.5%
Ranked 81st. 		14%
Ranked 2nd. 3 times more than Germany
Exchange rates euros (EUR) per US dollar -<br />0.78 (2012 est.)<br />0.72 (2011 est.)<br />0.76 (2010 est.)<br />0.72 (2009 est.)<br />0.68 (2008 est.) Saint Helenian pounds (SHP) per US dollar -<br />0.6388 (2010)<br />0.6175 (2009)<br />0.4993 (2007)<br />0.5418 (2006)<br />
GDP > CIA Factbook $2.27 trillion
Ranked 5th. 126167 times more than Saint Helena 		$18.00 million
Ranked 2nd.
Trade > Exports to US $15.95 billion
Ranked 5th. 6133 times more than Saint Helena 		$2.60 million
Ranked 154th.
Labor force > By occupation > Agriculture 1.6%
Ranked 174th. 		6%
Ranked 141st. 4 times more than Germany
Labor force > By occupation > Services 73.8%
Ranked 5th. 60% more than Saint Helena 		46%
Ranked 1st.
Trade > Imports $1.12 trillion
Ranked 3rd. 24889 times more than Saint Helena 		$45.00 million
Ranked 56th.
Oil > Exports 470,200 bbl/day
Ranked 29th. 		0.0
Ranked 205th.
Oil > Production 147,200 bbl/day
Ranked 45th. 		0.0
Ranked 210th.
Trade > Exports $1.34 trillion
Ranked 2nd. 70368 times more than Saint Helena 		$19.00 million
Ranked 49th.
Imports > Commodities machinery, data processing equipment, vehicles, chemicals, oil and gas, metals, electric equipment, pharmaceuticals, foodstuffs, agricultural products food, beverages, tobacco, fuel oils, animal feed, building materials, motor vehicles and parts, machinery and parts
Labor force per thousand people 0.00053
Ranked 101st. 		0.26
Ranked 78th. 490 times more than Germany
Oil > Proved reserves 276 million bbl
Ranked 54th. 		0.0
Ranked 198th.
Natural gas > Production 12.65 billion cu m
Ranked 20th. 		0.0
Ranked 190th.
Oil > Consumption 2.5 million bbl/day
Ranked 8th. 24950 times more than Saint Helena 		100 bbl/day
Ranked 209th.
Electricity > Consumption 544.5 billion kWh
Ranked 7th. 73185 times more than Saint Helena 		7.44 million kWh
Ranked 165th.
Oil > Consumption per thousand people 30.51 bbl/day
Ranked 57th. 2 times more than Saint Helena 		13.04 bbl/day
Ranked 107th.
Labor force > By occupation > Industry 24.6%
Ranked 43th. 		48%
Ranked 3rd. 95% more than Germany
Electricity > Production 556.4 billion kWh
Ranked 7th. 69550 times more than Saint Helena 		8 million kWh
Ranked 133th.
Oil > Production per thousand people 1.8 bbl/day
Ranked 72nd. 		0.0
Ranked 209th.
Oil > Imports 2.67 million bbl/day
Ranked 6th. 31424 times more than Saint Helena 		85 bbl/day
Ranked 197th.
Trade balance with US $-8,563,500,000.00
Ranked 220th. 5352 times more than Saint Helena 		$-1,600,000.00
Ranked 120th.
Natural gas > Proved reserves 175.6 billion cu m
Ranked 45th. 		0.0
Ranked 199th.
Natural gas > Consumption 99.5 billion cu m
Ranked 6th. 		0.0
Ranked 191st.
Natural gas > Proved reserves per capita 2,146.76 cu m
Ranked 64th. 		0.0
Ranked 197th.

SOURCES: CIA World Factbooks 18 December 2003 to 28 March 2011; All CIA World Factbooks 18 December 2003 to 18 December 2008; CIA World Factbooks 2010, 2011, 2012, 2013; CIA World Factbook 2010, 2011, 2012, 2013; US Census Bureau; CIA World Factbooks 2010, 2011, 2012, 2013. Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.

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