Monday, 22 December 2008

Duchy of Cornwall - A Few Comparisons


Below is an economic comparison with some small countries throughout the world. Luxembourg is the most relevant as it is almost identical in size and population to Cornwall. It is also a Duchy. Cornwall earns a relatively high proportion of its GDP from three sectors – mining and quarrying; distribution, hotels and catering; and agriculture. In 1996 Cornwall's Gross Domestic Product was estimated to be £3,680 million. Cornwall had a population of 485,600 in 1997. Cornwall's population has grown by 27% since 1983 and its working population has risen by 24% in this same period.

Tourism is the only traditional industry which is currently expanding. There are now an estimated 4 million visitors a year spending some £930 million, although only about a third of this is retained in Cornwall. The industry accounts for around 30,000 jobs with many more at the peak of the season. In 1997 87.1% of Cornish employees worked in small firms with fewer than 10 employees, more than the 83.6% equivalent for the UK. In 1996/7 21% of the workforce were self employed, nearly double the UK average of 11.6%.

Cornwall National name: Kernow Area: 1370 sq.mi (3550 sq.km) Population: 485,600 in 1997 Density per sq mi: 1.4 people per hectare, 363 per sq. mi Economic summary: GDP/PPP: 1996 Gross Domestic Product est.£3,680 million ($6 Billion) ; per capita: £7,614 ($12,410) Real growth rate: 1.9% Inflation: 2.3%. Unemployment: 4.8% Jan 2001 Industries: Distribution & catering (25.3%), Other Services (30%), Construction (9.3%), Banking & Finance (7.7%), Agriculture Forestry & Fishing (6.0%), Other manufacturing (5.4%), Manufacturing metal etc (5.1%), Transport (5.1%), Mining (2.8%), Energy & Water (1.2%)

Grand Duchy of Luxembourg
Ruler: Grand Duke Henri (2000) Premier: Jean-Claude Juncker (1995) Area: 998 sq mi (2,586 sq km) Population (2002 est.): 448,569 Density per sq. mi.: 449 Economic summary: GDP/PPP (2000 est.): $15.9 billion; per capita $36,400. Real growth rate: 5.7%. Inflation: 7.8%. Unemployment: 2.7%. Labour force: 248,000 (of whom 70,200 are foreign cross-border workers primarily from France, Belgium, and Germany) (2000); services 83.2%, industry 14.3%, agriculture 2.5% (1998 est.). Industries: banking, iron and steel, food processing, chemicals, metal products, engineering, tires, glass, aluminium. Natural resources: iron ore (no longer exploited), arable land. Exports: $7.6 billion (f.o.b., 2000): machinery and equipment, steel products, chemicals, rubber products, glass. Imports: $10 billion (c.i.f., 2000): minerals, metals, foodstuffs, quality consumer goods. Major trading partners: EU, U.S

Republic of Iceland
National name: Lydveldid Island President: Ólafur Ragnar Grímsson (1996) Prime Minister: David Oddsson (1991) Area: 39,768 sq mi (103,000 sq km)1 Population (2002 est.): 279, Density per sq mi: 7 Economic summary: GDP/PPP (2000 est.): $6.85 billion; per capita $24,800. Real growth rate: 4.3%. Inflation: 3.5%. Unemployment: 2.7% (Jan. 2001). Labour force: 159,000 (2000); agriculture 5.1%, fishing and fish processing 11.8%, manufacturing 12.9%, construction 10.7%, other services 59.5% (1999). Industries: fish processing; aluminium smelting, ferro-silicon production, geothermal power; tourism. Natural resources: fish, hydropower, geothermal power, diatomite. Exports: $2 billion (f.o.b., 2000): fish and fish products 70%, animal products, aluminium, diatomite and ferro-silicon. Imports: $2.2 billion (f.o.b., 2000): machinery and equipment, petroleum products; foodstuffs, textiles. Major trading partners: EU, U.S., Japan.

Principality of Liechtenstein
Ruler: Prince Hans Adam II (1989) Head of Government: Otmar Hasler (2001) Area: 62 sq mi (160 sq km) Population (2002 est.): 32,842 Density per sq mi: 532 Economic summary: GDP/PPP (1998 est.): $730 million; per capita $23,000. Real growth rate: n.a. Inflation: 0.5% (1997 est.). Unemployment: 1.8% (Feb. 1999). Labour force: 22,891 of which 13,847 are foreigners; 8,231 commute from Austria and Switzerland to work each day; industry, trade, and building 45%, services 53%, agriculture, fishing, forestry, and horticulture 2% (1997 est.). Industries: electronics, metal manufacturing, textiles, ceramics, pharmaceuticals, food products, precision instruments, tourism. Natural resources: hydroelectric potential, arable land. Exports: $2.47 billion (1996): small speciality machinery, dental products, stamps, hardware, pottery. Imports: $917.3 million (1996): machinery, metal goods, textiles, foodstuffs, motor vehicles. Major trading partners: EU and EFTA countries.

Principality of Andorra
National name: Valls d'Andorra Head of Government: Marc Forné Molné (1994) Area: 181 sq mi (468 sq km) Population (2003 est.): 69, Density per sq mi: 379 Economic summary: GDP/PPP (1996 est.): $1.2 billion; per capita $18,000. Real growth rate: n.a. Inflation: 1.62% (1998). Unemployment: 0%. Labour force: 30,787 salaried employees (1998); agriculture 1%, industry 21%, services 72%, other 6% (1998). Industries: tourism (particularly skiing), cattle raising, timber, tobacco, banking. Natural resources: hydropower, mineral water, timber, iron ore, lead. Exports: $58 million (f.o.b., 1998): tobacco products, furniture. Imports: $1.077 billion (c.i.f., 1998): consumer goods, food, electricity. Major trading partners: France, Spain, U.S.

Principality of Monaco
National name: Principauté de Monaco Ruler: Prince Rainier III (1949) Minister of State: Patrick Leclercq (2000) Area: 0.75 sq mi (465 acres) (1.95 sq km) Population (2002 est.): 31, Density per sq mi: 42,485 Economic summary: GDP/PPP (1999 est.): $870 million; $27,000 per capita. Real growth rate: n.a. Inflation: n.a. Unemployment: 3.1% (1998). Labour force: 30,540 (Jan. 1994). Natural resources: none. Exports: n.a. Imports: n.a. Full customs integration with France, which collects and rebates Monegasque trade duties; also participates in EU

Most Serene Republic of San Marino National name: Repubblica di San Marino Captains Regent: Giuseppe Maria Morganti and Mauro Chiaruzzi (2002) Area: 24 sq mi (61.2 sq km) Population (2002 est.): 27, Density per sq mi: 1,174 Economic summary: GDP/PPP (2000 est.): $860 million; per capita $32,000. Real growth rate: 8%. Inflation: 2.2% (2000). Unemployment: 3% (1999). Labour force: 18,500 (1999); services 60%, industry 38%, agriculture 2% (1998 est.). Industries: tourism, banking, textiles, electronics, ceramics, cement, wine. Natural resources: building stone. Exports: trade data are included with the statistics for Italy: building stone, lime, wood, chestnuts, wheat, wine, baked goods, hides, ceramics. Imports: trade data are included with the statistics for Italy: wide variety of consumer manufactures, food.

State of Qatar
Emir: Sheik Hamad bin Khalifa al-Thani (1995) Prime Minister: Abdullah bin Khalifa al-Thani (1996) Area: 4,416 sq mi (11,437 sq km) Population (2002 est.): 793, Density per sq mi: 180 Economic summary: GDP/PPP (2000 est.): $15.1 billion; per capita $20,300. Real growth rate: 4%. Inflation: 2.5%. Unemployment: n.a. Labour force: 233,000 (1993 est.). Industries: crude oil production and refining, fertilisers, petrochemicals, steel reinforcing bars, cement. Natural resources: petroleum, natural gas, fish. Exports: $9.8 billion (f.o.b., 2000 est.): petroleum products 80%, fertilisers, steel. Imports: $3.8 billion (f.o.b., 2000 est.): machinery and transport equipment, food, chemicals. Major trading partners: Japan, Singapore, South Korea, U.S., UAE, UK, Italy.

State of Bahrain
Emir: Sheik Hamad ibn Isa al-Khalifah (1999) Prime Minister: Sheik Khalifah ibn Sulman al-Khalifah (1970) Area: 257 sq mi (665 sq km) Population (2002 est.): 656, Density per sq mi: 2,742 Economic summary: GDP/PPP (2000 est): $10.1 billion; per capita $15,900. Real growth rate: 5%. Inflation: 2%. Unemployment: 15% (1998 est.). Labour force: 295,000 (1998 est.); industry, commerce, and service 79%, government 20%, agriculture 1% (1997 est.). Industries: petroleum processing and refining, aluminium smelting, offshore banking, ship repairing; tourism. Natural resources: oil, associated and non-associated natural gas, fish, pearls. Exports: $5.8 billion (f.o.b., 2000): petroleum and petroleum products, aluminium. Imports: $4.2 billion (f.o.b., 2000): non-oil, crude oil. Major trading partners: India, Saudi Arabia, U.S., UAE, Japan, South Korea, France.

State of Brunei Darussalam
Sultan: Haji Hassanal Bolkiah (1967) Area: 2,228 sq mi (5,770 sq km) Population (2002 est.): 350,898 Density per sq mi: 158 Economic summary: GDP/PPP (2000 est.): $5.9 billion; per capita $17,600. Real growth rate: 3%. Inflation: 1% (1999 est.). Unemployment: 4.9% (1995 est.). Labour force: 144,000 (1995 est.); note: includes foreign workers and military personnel; government 48%, production of oil, natural gas, services, and construction 42%, agriculture, forestry, and fishing 10% (1999 est.). Industries: petroleum, petroleum refining, liquefied natural gas, construction. Natural resources: petroleum, natural gas, timber. Exports: $2.55 billion (f.o.b., 1999 est.): crude oil, natural gas, refined products. Imports: $1.3 billion (c.i.f., 1999 est.): machinery and transport equipment, manufactured goods, food, chemicals. Major trading partners: Japan, U.S., South Korea, Thailand, Singapore, UK, Malaysia.

Bermuda
Status: Overseas territory Governor: Sir John Vereker (2002) Premier: Jennifer Smith (1998) Area: 21 sq mi (53.3 sq km) Population (2002 est.): 63,960; Density per sq mi: 2,817 Economic summary: GDP/PPP (2000 est.): $2.1 billion; per capita $33,000. Real growth rate: 1.5%. Inflation: 2.7%. Unemployment: negl. (1995). Labour force: 35,296 (1997); clerical 23%, services 22%, labourers 17%, professional and technical 17%, administrative and managerial 12%, sales 7%, agriculture and fishing 2% (1996). Industries: tourism, finance, insurance, structural concrete products, paints, perfumes, pharmaceuticals, ship repairing. Natural resources: limestone, pleasant climate fostering tourism. Exports: $56 million (2000 est.): re-exports of pharmaceuticals. Imports: $739 million (2000 est.): machinery and transport equipment, construction materials, chemicals, food and live animals. Major trading partners: UK, U.S., Mexico.

Republic of Estonia
National name: Eesti President: Arnold Rüütel (2001) Prime Minister: Siim Kallas (2002) Area: 17,462 sq mi (45,226 sq km) Population (2002 est.): 1,415, Density per sq mi: 81 Economic summary: GDP/PPP (2000 est.): $14.7 billion; per capita $10,000. Real growth rate: 6.4%. Inflation: 4.1% (1999 est.). Unemployment: 11.7% (1999 est.). Labour force: 785,500; industry 20%, agriculture 11%, services 69% (1999 est.). Industries: oil shale, shipbuilding, phosphates, electric motors, excavators, cement, furniture, clothing, textiles, paper, shoes, apparel. Natural resources: shale oil (kukersite), peat, phosphorite, amber, cambrian blue clay, limestone, dolomite, arable land. Exports: $3.1 billion (f.o.b., 2000): machinery and equipment, wood products, textiles, food products, metals, chemical products (1999). Imports: $4 billion (f.o.b., 2000): machinery and equipment, chemical products, foodstuffs, metal product, textiles (1999). Major trading partners: Finland, Sweden, Russia, Latvia, Germany, U.S., Japan.
Phil T, Cornishman in Oman

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