Svalbard Oil production Svalbard Electricity production

Svalbard Economy

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

Inflation rate: NA

Labor force : na

Industries: NA

Svalbard

			Over view
			Geography
			People
			Government
			Economy
			Communications
			Transportation
			Militry

Svalbard More Facts

Electricity - production: NA

Oil - production: NA

Svalbard More Facts

Exports: $na

Imports : $na
Currency (code) : norwegian krone (nok)