- Economy of Martinique
Economy - overview:The economy is based on trade. Agriculture accounts for about 6% of GDP and the small industrial sector for 11%.
Sugar production has declined, with most of the sugarcane now used for the production ofrum . Banana exports are increasing, going mostly toFrance . The bulk of meat, vegetable, and grain requirements must be imported, contributing to a chronic trade deficit that requires large annual transfers of aid from France. Tourism has become more important than agricultural exports as a source of foreign exchange. The majority of the work force is employed in the service sector and in administration.GDP:real exchange rate - US$9.61 billion (in 2006)fr_icon cite web|url=http://prod-afd.afd.zeni.fr/jahia/webdav/site/cerom/users/admin_cerom/public/Pdf/CR2006_ma.pdf|title=Les comptes économiques de la Martinique en 2006|author=
INSEE -CEROM|accessdate=2008-01-13]GDP - real growth rate:2.8% (in 2006)
GDP - per capita:real exchange rate - US$23,931 (in 2006)
GDP - composition by sector:
"agriculture:"6%
"industry:"11%
"services:"83% (1997 est.)Population below
poverty line:NA%Household income or consumption by percentage share:
"lowest 10%:"NA%
"highest 10%:"NA%Labor force:165 900 (1998)
Labor force - by occupation:agriculture 10%, industry 17%, services 73% (1997)
Unemployment rate:27,2% (1998)
Budget:
"revenues:"$900 million
"expenditures:"$2.5 billion, including capital expenditures of $140 million (1996)Industries:construction,
rum ,cement ,petroleum refining,sugar ,tourism Industrial production growth rate:NA%
Electricity - production:1,205 GWh (2003)Electricity - production by source:
"fossil fuel :"100%
"hydro:"0%
"nuclear:"0%
"other:"0% (1998)Electricity - consumption:1,000 GWh (1998)
Electricity - exports:0 kWh (1998)
Electricity - imports:0 kWh (1998)
Agriculture - products:
pineapple s,avocado s,banana s,flower s,vegetable s,sugarcane Exports:US$761 million (in 2006)
Exports - commodities:refined
petroleum products, bananas, rum, pineapplesExports - partners:
France 45%,Guadeloupe 28% (1997)Imports:US$3,246 million (in 2006)
Imports - commodities:petroleum products, crude oil, foodstuffs, construction materials, vehicles, clothing and other consumer goods
Imports - partners:
France 62%,Venezuela 6%,Germany 4%,Italy 4%, US 3% (1997)Debt - external:$180 million (1994)
Economic aid - recipient:$NA; note - substantial annual aid from France
Currency:1
euro (€) = 100 centsExchange rates:
euro s per US$1 - 0.9867 (January 2000), 0.9386 (1999); French francs (F) per US$1 - 5.65 (January 1999), 5.8995 (1998), 5.8367 (1997), 5.1155 (1996), 4.9915 (1995)Fiscal year:calendar year
References
:"See also :"
Martinique
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