| People | Martinique |
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Economy - overview:
|
The economy is based on sugarcane, bananas, tourism, and light industry. 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 of rum. Banana exports are increasing, going mostly to France. 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, which employs more than 11,000 people, has become more important than agricultural exports as a source of foreign exchange. |
GDP (purchasing power parity):
|
$6.117 billion (2003 est.) |
GDP (official exchange rate):
|
NA |
GDP - real growth rate:
|
NA% |
GDP - per capita (PPP):
|
$14,400 (2003 est.) |
GDP - composition by sector:
|
agriculture: 6%
industry: 11%
services: 83% (1997 est.) |
Investment (gross fixed):
|
void |
Population below poverty line:
|
NA% |
Household income or consumption by percentage share:
|
lowest 10%: NA%
highest 10%: NA% |
Distribution of family income - Gini index:
|
void |
Inflation rate (consumer prices):
|
NA |
Labor force:
|
165,900 (1998) |
Labor force participation rate:
|
38.04 % of population |
Labor force - by occupation:
|
agriculture: 10%
industry: 17%
services: 73% (1997) |
Unemployment rate:
|
27.2% (1998) |
Budget:
|
revenues: $317.5 million
expenditures: $317.5 million; including capital expenditures of $140 million (1996) |
Budget revenues per capita:
|
728 USD per capita |
Public debt:
|
void |
Industries:
|
construction, rum, cement, oil refining, sugar, tourism |
Industrial production growth rate:
|
NA% |
Electricity - production:
|
1.205 billion kWh (2003) |
Electricity - production per capita:
|
2,763 kWh per capita |
Electricity - consumption:
|
1.12 billion kWh (2003) |
Electricity - consumption - per capita:
|
2,569 kWh per capita |
Electricity - exports:
|
0 kWh (2003) |
Electricity - imports:
|
0 kWh (2003) |
Oil - production:
|
0 bbl/day (2003 est.) |
Oil - production per capita:
|
void |
Oil - consumption:
|
13,800 bbl/day (2003 est.) |
Oil - consumption - per capita:
|
11.55 bbl/year per capita |
Oil - exports:
|
NA bbl/day |
Oil - imports:
|
NA bbl/day |
Oil - proved reserves:
|
void |
Natural gas - production:
|
0 cu m (2003 est.) |
Natural gas - production per capita:
|
void |
Natural gas - consumption:
|
0 cu m (2003 est.) |
Natural gas - consumption - per capita:
|
void |
Natural gas - exports:
|
void |
Natural gas - imports:
|
void |
Natural gas - proved reserves:
|
void |
Agriculture - products:
|
pineapples, avocados, bananas, flowers, vegetables, sugarcane |
Current account balance:
|
void |
Current account balance - per capita:
|
void |
Exports:
|
$404.2 million f.o.b. (2002) |
Exports per capita:
|
927 USD per capita |
Exports - commodities:
|
refined petroleum products, bananas, rum, pineapples |
Exports - partners:
|
France 45%, Guadeloupe 28% (2004) |
Imports:
|
$2.307 billion c.i.f. (2002) |
Imports per capita:
|
5,290 USD per capita |
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% (2004) |
Reserves of foreign exchange and gold:
|
void |
Reserves of foreign exchange and gold - per capita:
|
void |
Debt - external:
|
$180 million (1994) |
Debt - external - per capita:
|
413 USD per capita |
Economic aid - donor:
|
void |
Economic aid - recipient:
|
$NA; note - substantial annual aid from France (1998) |
Economic aid - recipient per capita:
|
void |
Currency (code):
|
euro (EUR) |
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 |
|
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