| Economy overview |
Coal mining is the major economic activity on Svalbard. The treaty of 9 February 1920 gives 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 |
NA |
| GDP - per capita |
purchasing power parity - NA |
| GDP - composition by sector |
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| Investment gross fixed |
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| Population below poverty line |
NA |
| Household income or consumption by percentage share |
lowest 10%: na
highest 10%: na |
| Distribution of family income - Gini index |
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| Inflation rate consumer prices |
NA |
| Labor force |
NA |
| Labor force by occupation |
|
| Unemployment rate |
|
| Budget |
revenues: $11.5 million
expenditures: $11.5 million, including capital expenditures of na (1998 est.) |
| Public debt |
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| Agriculture products |
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| Industries |
|
| Industrial production growth rate |
NA |
| Electricity production |
NA kWh |
| Electricity production by source |
fossil fuel: 57.9984%
other: 0%
hydro: 42.0016%
nuclear: 0% |
| Electricity consumption |
NA kWh |
| Electricity exports |
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| Electricity imports |
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| Oil production |
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| Oil consumption |
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| Oil exports |
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| Oil imports |
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| Oil proved reserves |
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| Natural gas production |
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| Natural gas consumption |
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| Natural gas exports |
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| Natural gas imports |
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| Natural gas proved reserves |
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| Current account balance |
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| Exports |
NA |
| Exports commodities |
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| Exports partners |
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| Imports |
NA |
| Imports commodities |
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| Imports partners |
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| Reserves of foreign exchange gold |
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| Debt external |
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| Economic aid recipient |
$8.2 million from Norway (1998) |
| Currency |
Norwegian krone (NOK) |
| Currency code |
NOK |
| Exchange rates |
Norwegian kroner per US dollar - 7.0802 (2003), 7.9838 (2002), 8.9917 (2001), 8.8018 (2000), 7.7992 (1999) |
| Fiscal year |
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