GeographyIQ.comGeographyIQ.com
  Home
  Rankings


A B C D E F
G H I J K L
M N O P Q R
S T U V W Y
Z          


Currency Converter

 


World > Europe > Svalbard > Economy (Facts)

Svalbard - Economy (Facts)
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 - real growth rate: NA
GDP (purchasing power parity): NA
Labor force: NA
Budget: revenues: $25.07 million
expenditures: NA (2004 est.)
Exports: NA
Imports: NA
Economic aid - recipient: $8.2 million from Norway (1998)
Currency: Norwegian Kroner (NOK)

Current Norwegian Kroner Exchange Rates
Historical Norwegian Kroner Exchange Rates
Chart Norwegian Kroner Exchange Rates
Currency code: NOK
Exchange rates: Norwegian kroner per US dollar - 6.4117 (2006), 6.4425 (2005), 6.7408 (2004), 7.0802 (2003), 7.9838 (2002)


Facts at a Glance: Geography - People - Government - Economy - Communications - Transportation - Current Time - Norwegian Kroner Exchange Rates



Facts at a Glance
Geography
People
Government
Economy
Communications
Transportation
Current Time
Norwegian Kroner Exchange Rates







   Privacy Policy

   Portions of this site are based on public domain works from the U.S. Dept. of State and the CIA World Fact Book
   All original material copyright © 2002 - GeographyIQ.com. All Rights Reserved.
   For comments and feedback, write to us at info@GeographyIQ.com.