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Economy Stats: compare key data on India & Saint Helena

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.
  • Economic aid > Recipient: This entry, which is subject to major problems of definition and statistical coverage, refers to the net inflow of Official Development Finance (ODF) to recipient countries. The figure includes assistance from the World Bank, the IMF, and other international organizations and from individual nation donors. Formal commitments of aid are included in the data. Omitted from the data are grants by private organizations. Aid comes in various forms including outright grants and loans. The entry thus is the difference between new inflows and repayments.
  • 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 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.
  • 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: 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.
STAT India Saint Helena HISTORY
Agriculture > Products rice, wheat, oilseed, cotton, jute, tea, sugarcane, lentils, onions, potatoes; dairy products, sheep, goats, poultry; fish coffee, corn, potatoes, vegetables; timber; fish, lobster; livestock
Budget > Expenditures $263.80 billion
Ranked 17th. 10493 times more than Saint Helena
$25.14 million
Ranked 23th.
Budget > Revenues $172.10 billion
Ranked 23th. 16823 times more than Saint Helena
$10.23 million
Ranked 217th.
Currency Indian rupee Saint Helenian pound
Overview India is developing into an open-market economy, yet traces of its past autarkic policies remain. Economic liberalization measures, including industrial deregulation, privatization of state-owned enterprises, and reduced controls on foreign trade and investment, began in the early 1990s and have served to accelerate the country's growth, which averaged under 7% per year since 1997. India's diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. Slightly more than half of the work force is in agriculture, but services are the major source of economic growth, accounting for nearly two-thirds of India's output, with less than one-third of its labor force. India has capitalized on its large educated English-speaking population to become a major exporter of information technology services, business outsourcing services, and software workers. In 2010, the Indian economy rebounded robustly from the global financial crisis - in large part because of strong domestic demand - and growth exceeded 8% year-on-year in real terms. However, India's economic growth began slowing in 2011 because of a slowdown in government spending and a decline in investment, caused by investor pessimism about the government's commitment to further economic reforms and about the global situation. High international crude prices have exacerbated the government's fuel subsidy expenditures, contributing to a higher fiscal deficit and a worsening current account deficit. In late 2012, the Indian Government announced additional reforms and deficit reduction measures to reverse India's slowdown, including allowing higher levels of foreign participation in direct investment in the economy. The outlook for India's medium-term growth is positive due to a young population and corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy. India has many long-term challenges that it has yet to fully address, including poverty, corruption, violence and discrimination against women and girls, an inefficient power generation and distribution system, ineffective enforcement of intellectual property rights, decades-long civil litigation dockets, inadequate transport and agricultural infrastructure, limited non-agricultural employment opportunities, inadequate availability of quality basic and higher education, and accommodating rural-to-urban migration. 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 $301.90 billion
Ranked 19th. 15889 times more than Saint Helena
$19.00 million
Ranked 7th.
Exports > Commodities petroleum products, precious stones, machinery, iron and steel, chemicals, vehicles, apparel fish (frozen, canned, and salt-dried skipjack, tuna), coffee, handicrafts
Fiscal year 1 1 April - 31 March
GDP > Per capita > PPP $3,800.00
Ranked 132nd. 52% more than Saint Helena
$2,500.00
Ranked 1st.

GDP > Purchasing power parity $4.72 trillion
Ranked 3rd. 262000 times more than Saint Helena
$18.00 million
Ranked 1st.

Imports $503.50 billion
Ranked 8th. 11189 times more than Saint Helena
$45.00 million
Ranked 13th.
Industries textiles, chemicals, food processing, steel, transportation equipment, cement, mining, petroleum, machinery, software, pharmaceuticals construction, crafts (furniture, lacework, fancy woodwork), fishing, philatelic sales
Inflation rate > Consumer prices 9.7%
Ranked 25th. 3 times more than Saint Helena
3.2%
Ranked 1st.

Labor force 482
Ranked 18th. 241 times more than Saint Helena
2
Ranked 202nd.

Unemployment rate 8.5%
Ranked 46th.
14%
Ranked 2nd. 65% more than India
Exchange rates Indian rupees (INR) per US dollar -<br />53.44 (2012 est.)<br />46.67 (2011 est.)<br />45.73 (2010 est.)<br />48.41 (2009)<br />43.32 (2008) 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 $3.03 trillion
Ranked 4th. 168500 times more than Saint Helena
$18.00 million
Ranked 2nd.
Economic aid > Recipient $1.72 billion
Ranked 7th. 137 times more than Saint Helena
$12.60 million
Ranked 30th.
Trade > Exports to US $3.23 billion
Ranked 18th. 1244 times more than Saint Helena
$2.60 million
Ranked 154th.
Labor force > By occupation > Agriculture 53%
Ranked 46th. 9 times more than Saint Helena
6%
Ranked 141st.

Labor force > By occupation > Services 28%
Ranked 24th.
46%
Ranked 1st. 64% more than India
Trade > Imports $327.00 billion
Ranked 12th. 7267 times more than Saint Helena
$45.00 million
Ranked 56th.

Oil > Exports 825,600 bbl/day
Ranked 21st.
0.0
Ranked 205th.

Oil > Production 954,000 bbl/day
Ranked 23th.
0.0
Ranked 210th.

Trade > Exports $201.00 billion
Ranked 22nd. 10579 times more than Saint Helena
$19.00 million
Ranked 49th.

Imports > Commodities crude oil, precious stones, machinery, fertilizer, iron and steel, chemicals food, beverages, tobacco, fuel oils, animal feed, building materials, motor vehicles and parts, machinery and parts
Labor force per thousand people 0.000395
Ranked 162nd.
0.26
Ranked 78th. 658 times more than India

Oil > Proved reserves 5.68 billion bbl
Ranked 21st.
0.0
Ranked 198th.

Natural gas > Production 52.8 billion cu m
Ranked 14th.
0.0
Ranked 190th.

Oil > Consumption 3.18 million bbl/day
Ranked 4th. 31820 times more than Saint Helena
100 bbl/day
Ranked 209th.

Electricity > Consumption 600.6 billion kWh
Ranked 5th. 80726 times more than Saint Helena
7.44 million kWh
Ranked 165th.

Oil > Consumption per thousand people 2.64 bbl/day
Ranked 167th.
13.04 bbl/day
Ranked 107th. 5 times more than India
Labor force > By occupation > Industry 19%
Ranked 89th.
48%
Ranked 3rd. 3 times more than India

Electricity > Production 835.3 billion kWh
Ranked 5th. 104413 times more than Saint Helena
8 million kWh
Ranked 133th.

Oil > Production per thousand people 0.791 bbl/day
Ranked 84th.
0.0
Ranked 209th.
Oil > Imports 3.06 million bbl/day
Ranked 5th. 36000 times more than Saint Helena
85 bbl/day
Ranked 197th.

Trade balance with US $-2,073,000,000.00
Ranked 209th. 1296 times more than Saint Helena
$-1,600,000.00
Ranked 120th.
Natural gas > Proved reserves per capita 879.49 cu m
Ranked 76th.
0.0
Ranked 197th.

Natural gas > Consumption 64.95 billion cu m
Ranked 11th.
0.0
Ranked 191st.

Natural gas > Proved reserves 1.07 trillion cu m
Ranked 24th.
0.0
Ranked 199th.

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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