ECONOMY OF KANASA

 

The Kanasan Economy performed quite strong in the year 2000-2001. Growth was lead by higher oil and fish stock prices in 2001 at 4.5%. Unfortunately, the high tech sector has gone down in the past few years with several thousand layoffs in the workforce. However, prospects look good in the long term for many high tech companies in Kanasa. 2001 also showed a significant budget surplus due to higher exports and the tightening of the monetary policy. Continuing problems for center-left government includes diversification of main economic activity and reducing the continually rising unemployment rate.

 

 

G.D.P. purchasing power parity:           US$1,305,000,000

 

Real growth rate:                                    4.5%

 

G.D.P. per capita PPP:                            US$19,600

 

G.D.P. composition per sector:              11%  -       agriculture (includes fishing)

                                                        27%  -       industrial  (high tech)

                                                        62%  -       services

 

 

 

Population below the poverty line:       less than 1%

 

Inflation Rate consumer prices:            4.9%

 

Labour force:                                           34,782 (2001)

 

Labour force by occupation:                  34% industrial

                                                        33% fishing, fish processing and manufacturing

                                                        33% services

 

 

 

Unemployment Rate:                              5.2%

 

Budget:                                                     Revenues - US$700,000,000

                                                        Expenditures – US$694,000,000

 

 

 

Industries:                                                Computer software and hardware manufacturing, fish and fish processing

                                                                   And tourism.

 

 

Industrial Production Growth Rate:      8%

 

Electricity Production:                             237 million kWh

 

Electricity Exports:                                   0 kWh

 

Electricity Imports:                                  0 kWh

 

Electricity Production by Source:           60.61% wind production

                                                                   39.39% fossil fuels (mainly oil)

                                                                   0.00% nuclear

 

 

Electricity Consumption:                         220.09 million kWh

 

 

 

 

Agriculture Products:                              milk, potatoes, home grown vegetables such as carrots and peas.

 

Exports:                                                    US$676,000,000

 

Exports commodities:                              Computer hardware and software, fish and fish products, oil.

 

Exports partners:                                    Australia 32%, South Africa 21%, New Zealand 9%, UK 7%, Mauritius 5%,

                                                                   France 5%.

 

 

Imports:                                                    US$673,000,000

 

Imports commodities:                             machinery and transport equipment 29%, consumer goods 36%, raw

                                                                   materials and semi manufactures 32%, fuel and salt 3%

 

 

Imports partners:                                    Australia 28%, South Africa 26%, New Zealand 7%, UK 6%, USA 5%,

                                                                   Mauritius 4%

 

 

 

Debt – external:                                       $US64,000,000

 

 

Economic aid – donor:                             US$5,000,000

 

 

Currency:                                                  Kanasa Dollar     (KAD)

 

Exchange Rates:                                      0.77416=US$  (Jan 2002) note: the Kanasa Dollar is traded on a managed float against the Australian Dollar.

 

Fiscal Year:                                                calendar year.