Economy of Mayotte
The economic activity of Mayotte is based primarily on the agricultural sector, including fishing and livestock raising. The island is not self-sufficient and must import a large portion of its food requirements, mainly from Metropolitan France. The economy and future development of the island are heavily dependent on French financial assistance, an important supplement to GDP. Mayotte's remote location is an obstacle to the development of tourism.
GDP (official exchange rate): US$547 million (in 2001)[1]
GDP - per capita (official exchange rate): US$3,550 (in 2001)[1]
GDP - composition by sector: agriculture: NA% industry: NA% services: NA%
Labour force: 48,800 (2000)
Unemployment rate: 38% (1999)
Population below poverty line: NA%
Household income or consumption by percentage share: lowest 10%: NA% highest 10%: NA%
Inflation rate (consumer prices): NA%
Budget: revenues: $NA expenditures: $73 million; including capital expenditures of $NA (1991 est.)
Agriculture - products: vanilla, ylang-ylang (perfume essence), coffee, copra
Industries: newly created lobster and shrimp industry, construction
Industrial production growth rate: NA%
Electricity - production: NA kWh
Electricity - consumption: NA kWh
Exports: $3.44 million f.o.b. (1997)
Exports - commodities: ylang-ylang (perfume essence), vanilla, copra, coconuts, coffee, cinnamon
Exports - partners: France 80%, Comoros 15%, Reunion (2004)
Imports: $141.3 million f.o.b. (1997)
Imports - commodities: food, machinery and equipment, transportation equipment, metals, chemicals
Imports - partners: France 66%, Africa 14%, Southeast Asia 11% (2004)
Debt - external: $NA
Economic aid - recipient: $107.7 million; note - extensive French financial assistance (1995)
Currency: 1 euro (currency sign: €; banking code: EUR) = 100 cent
Exchange rates: euros per US dollar - 0.8041 (2005), 0.8054 (2004), 0.886 (2003), 1.0626 (2002), 1.1175 (2001)
Fiscal year: calendar year
References
- 1 2 INSEE. "Résultats économiques" (PDF) (in French). Retrieved 2008-01-16.
See also
- Economy of France in: French Guiana, French Polynesia, Guadeloupe, Martinique, Mayotte, New Caledonia, Réunion, Saint Barthélemy, Saint Martin, Saint Pierre and Miquelon, Wallis and Futuna
- Taxation in France
- Economic history of France
- Poverty in France
This article incorporates public domain material from the CIA World Factbook website https://www.cia.gov/library/publications/the-world-factbook/index.html.