Part 704

International organization participation: ICFTU

Diplomatic representation in the US: none (dependent territory of the UK)

Diplomatic representation from the US: none (dependent territory of the UK)

Flag description: blue with the flag of the UK in the upper hoist-side quadrant and the Saint Helenian shield centered on the outer half of the flag; the shield features a rocky coastline and three-masted sailing ship

Economy

Economy - overview: The economy depends primarily on financial assistance from the UK. The local population earns some income from fishing, the raising of livestock, and sales of handicrafts. Because there are few jobs, a large proportion of the work force has left to seek employment overseas.

GDP: purchasing power parity - $NA

GDP - real growth rate: NA%

GDP - per capita: purchasing power parity - $NA

GDP - composition by sector: agriculture : NA% industry: NA% services : NA%

Inflation rate - consumer price index: NA%

Labor force: total: 2,416 (1991 est.) by occupation: professional, technical, and related workers 8.7%, managerial, administrative, and clerical 12.8%, sales people 8.1%, farmer, fishermen, etc. 5.4%, craftspersons, production process workers 14.7%, others 50.3% (1987) note : a large proportion of the work force has left to seek employment overseas

Unemployment rate: NA%

Budget: revenues: $11.2 million expenditures: $11 million, including capital expenditures of $NA (FY92/93)

Industries: crafts (furniture, lacework, fancy woodwork), fishing

Industrial production growth rate: NA%

Electricity - capacity: NA kW

Electricity - production: NA kWh

Electricity - consumption per capita: NA kWh

Agriculture - products: maize, potatoes, vegetables; timber production being developed; crawfishing on Tristan da Cunha

Exports: total value : $704,000 (f.o.b., 1995) commodities: fish (frozen and salt-dried skipjack, tuna), handicrafts partners : South Africa, UK

Imports: total value: $14.434 million (c.i.f., 1995) commodities: food, beverages, tobacco, fuel oils, animal feed, building materials, motor vehicles and parts, machinery and parts partners : UK, South Africa

Debt - external: $NA

Economic aid: recipient: ODA, $NA

Currency: 1 Saint Helenian pound (£S) = 100 pence

Exchange rates: Saint Helenian pounds (£S) per US$1 - 0.6023 (January 1997), 0.6403 (1996), 0.6335 (1995), 0.6529 (1994), 0.6658 (1993), 0.5664 (1992); note - the Saint Helenian pound is at par with the British pound

Fiscal year: 1 April - 31 March

@Saint Helena:Communications