| COUNTRIES | GEOGRAPHIC NAMES | GEOLOGY | USA STATS | CHINA STATS | COUNTRY CODES | AIRPORTS | RELIGION | JOBS |

Svalbard Economy 2010
https://workmall.com/wfb2010/svalbard/svalbard_economy.html
SOURCE: 2010 CIA WORLD FACTBOOK AND OTHER SOURCES

. Feedback


Svalbard Economy 2010
SOURCE: 2010 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on January 15, 2010

Economy - overview:
Coal mining is the major economic activity on Svalbard. The treaty of 9 February 1920 gave the 41 signatories equal rights to exploit mineral deposits, subject to Norwegian regulation. Although US, UK, Dutch, and Swedish coal companies have mined in the past, the only companies still mining are Norwegian and Russian. The settlements on Svalbard are essentially company towns. The Norwegian state-owned coal company employs nearly 60% of the Norwegian population on the island, runs many of the local services, and provides most of the local infrastructure. There is also some hunting of seal, reindeer, and fox.

GDP (purchasing power parity):
$NA

GDP - real growth rate:

Labor force:
1,234 in Norwegian settlements (2003)

Budget:
revenues: $25.07 million
expenditures: $NA (2004 est.)

Exports:
$197.6 million

Imports:
$NA

Exchange rates:
Norwegian kroner (NOK) per US dollar - 6.3988 (2009), 5.6361 (2008), 5.86 (2007), 6.418 (2006), 6.445 (2005)


NOTE: The information regarding Svalbard on this page is re-published from the 2010 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Svalbard Economy 2010 information contained here. All suggestions for corrections of any errors about Svalbard Economy 2010 should be addressed to the CIA.






This page was last modified 09-Feb-10
Copyright © 1995-2020 ITA (all rights reserved).