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Economy Stats: compare key data on Japan & 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.
  • 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 Japan Saint Helena HISTORY
Agriculture > Products rice, sugar beets, vegetables, fruit; pork, poultry, dairy products, eggs; fish coffee, corn, potatoes, vegetables; timber; fish, lobster; livestock
Budget > Expenditures $2.58 trillion
Ranked 2nd. 102546 times more than Saint Helena
$25.14 million
Ranked 23th.
Budget > Revenues $1.99 trillion
Ranked 2nd. 194330 times more than Saint Helena
$10.23 million
Ranked 217th.
Currency yen Saint Helenian pound
Overview In the years following World War II, government-industry cooperation, a strong work ethic, mastery of high technology, and a comparatively small defense allocation (1% of GDP) helped Japan develop a technologically advanced economy. Two notable characteristics of the post-war economy were the close interlocking structures of manufacturers, suppliers, and distributors, known as keiretsu, and the guarantee of lifetime employment for a substantial portion of the urban labor force. Both features are now eroding under the dual pressures of global competition and domestic demographic change. Japan's industrial sector is heavily dependent on imported raw materials and fuels. A small agricultural sector is highly subsidized and protected, with crop yields among the highest in the world. While self-sufficient in rice production, Japan imports about 60% of its food on a caloric basis. For three decades, overall real economic growth had been spectacular - a 10% average in the 1960s, a 5% average in the 1970s, and a 4% average in the 1980s. Growth slowed markedly in the 1990s, averaging just 1.7%, largely because of the after effects of inefficient investment and an asset price bubble in the late 1980s that required a protracted period of time for firms to reduce excess debt, capital, and labor. Modest economic growth continued after 2000, but the economy has fallen into recession three times since 2008. A sharp downturn in business investment and global demand for Japan's exports in late 2008 pushed Japan into recession. Government stimulus spending helped the economy recover in late 2009 and 2010, but the economy contracted again in 2011 as the massive 9.0 magnitude earthquake and the ensuing tsunami in March disrupted manufacturing. The economy has largely recovered in the two years since the disaster, but reconstruction in the Tohoku region has been uneven. Newly-elected Prime Minister Shinzo ABE has declared the economy his government's top priority; he has pledged to reconsider his predecessor's plan to permanently close nuclear power plants and is pursuing an economic revitalization agenda of fiscal stimulus and regulatory reform and has said he will press the Bank of Japan to loosen monetary policy. Measured on a purchasing power parity (PPP) basis that adjusts for price differences, Japan in 2012 stood as the fourth-largest economy in the world after second-place China, which surpassed Japan in 2001, and third-place India, which edged out Japan in 2012. The new government will continue a longstanding debate on restructuring the economy and reining in Japan's huge government debt, which exceeds 200% of GDP. Persistent deflation, reliance on exports to drive growth, and an aging and shrinking population are other major long-term challenges for the economy. 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 $776.60 billion
Ranked 4th. 40874 times more than Saint Helena
$19.00 million
Ranked 7th.
Exports > Commodities motor vehicles 13.6%; semiconductors 6.2%; iron and steel products 5.5%; auto parts 4.6%; plastic materials 3.5%; power generating machinery 3.5% fish (frozen, canned, and salt-dried skipjack, tuna), coffee, handicrafts
Fiscal year 1 1 April - 31 March
GDP > Per capita > PPP $35,900.00
Ranked 22nd. 14 times more than Saint Helena
$2,500.00
Ranked 1st.

GDP > Purchasing power parity $4.58 trillion
Ranked 4th. 254222 times more than Saint Helena
$18.00 million
Ranked 1st.

Imports $830.10 billion
Ranked 4th. 18447 times more than Saint Helena
$45.00 million
Ranked 13th.
Industries among world's largest and technologically advanced producers of motor vehicles, electronic equipment, machine tools, steel and nonferrous metals, ships, chemicals, textiles, processed foods construction, crafts (furniture, lacework, fancy woodwork), fishing, philatelic sales
Inflation rate > Consumer prices 0.0
Ranked 196th.
3.2%
Ranked 1st.

Labor force 65
Ranked 53th. 33 times more than Saint Helena
2
Ranked 202nd.

Unemployment rate 4.4%
Ranked 94th.
14%
Ranked 2nd. 3 times more than Japan
Exchange rates yen (JPY) per US dollar -<br />79.79 (2012 est.)<br />79.81 (2011 est.)<br />87.78 (2010 est.)<br />93.57 (2009)<br />103.58 (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 $3.58 trillion
Ranked 3rd. 199000 times more than Saint Helena
$18.00 million
Ranked 2nd.
Trade > Exports to US $28.91 billion
Ranked 4th. 11121 times more than Saint Helena
$2.60 million
Ranked 154th.
Labor force > By occupation > Agriculture 3.9%
Ranked 151st.
6%
Ranked 141st. 54% more than Japan

Labor force > By occupation > Services 69.8%
Ranked 12th. 52% more than Saint Helena
46%
Ranked 1st.
Trade > Imports $636.80 billion
Ranked 4th. 14151 times more than Saint Helena
$45.00 million
Ranked 56th.

Oil > Exports 366,800 bbl/day
Ranked 35th.
0.0
Ranked 205th.

Oil > Production 131,800 bbl/day
Ranked 47th.
0.0
Ranked 210th.

Trade > Exports $765.20 billion
Ranked 4th. 40274 times more than Saint Helena
$19.00 million
Ranked 49th.

Imports > Commodities petroleum 15.5%; liquid natural gas 5.7%; clothing 3.9%; semiconductors 3.5%; coal 3.5%; audio and visual apparatus 2.7% food, beverages, tobacco, fuel oils, animal feed, building materials, motor vehicles and parts, machinery and parts
Labor force per thousand people 0.000511
Ranked 106th.
0.26
Ranked 78th. 509 times more than Japan

Oil > Proved reserves 44.12 million bbl
Ranked 76th.
0.0
Ranked 198th.

Natural gas > Production 3.4 billion cu m
Ranked 28th.
0.0
Ranked 190th.

Oil > Consumption 4.45 million bbl/day
Ranked 3rd. 44520 times more than Saint Helena
100 bbl/day
Ranked 209th.

Electricity > Consumption 963.9 billion kWh
Ranked 3rd. 129556 times more than Saint Helena
7.44 million kWh
Ranked 165th.

Oil > Consumption per thousand people 34.93 bbl/day
Ranked 46th. 3 times more than Saint Helena
13.04 bbl/day
Ranked 107th.
Labor force > By occupation > Industry 26.2%
Ranked 34th.
48%
Ranked 3rd. 83% more than Japan

Electricity > Production 982.3 billion kWh
Ranked 3rd. 122788 times more than Saint Helena
8 million kWh
Ranked 133th.

Oil > Production per thousand people 1.03 bbl/day
Ranked 79th.
0.0
Ranked 209th.
Oil > Imports 4.39 million bbl/day
Ranked 3rd. 51694 times more than Saint Helena
85 bbl/day
Ranked 197th.

Trade balance with US $-16,366,600,000.00
Ranked 223th. 10229 times more than Saint Helena
$-1,600,000.00
Ranked 120th.
Natural gas > Proved reserves per capita 163.51 cu m
Ranked 89th.
0.0
Ranked 197th.

Natural gas > Consumption 100.3 billion cu m
Ranked 5th.
0.0
Ranked 191st.

Natural gas > Proved reserves 20.9 billion cu m
Ranked 72nd.
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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