Economy - overview:
The economy depends largely on financial assistance from the UK,
which amounted to about $5 million in 1997 or almost one-half 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.
GDP (purchasing power parity):
$18 million (1998 est.)
GDP (official exchange rate):
NA
GDP - real growth rate:
NA%
GDP - per capita (PPP):
$2,500 (1998 est.)
GDP - composition by sector: agriculture: NA% industry: NA% services: NA%
Labor force: 2,486 note: 1,200 work offshore (1998 est.)
Labor force - by occupation: agriculture: 6% industry: 48% services: 46% (1987 est.)
Unemployment rate:
14% (1998 est.)
Population below poverty line:
NA%