ECONOMY
Economy
- overview:
Economic activity is based primarily on the agricultural sector,
including fishing and livestock raising. Mayotte is not self-sufficient
and must import a large portion of its food requirements, mainly
from 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:
purchasing power parity - $466.8 million (2003 est.)
GDP - real growth rate:
NA
GDP - per capita:
purchasing power parity - $2,600 (1998 est.)
GDP - composition by sector:
agriculture: NA
industry: NA
services: NA (2001 est.)
Population below poverty line:
NA
Household income or consumption by percentage share:
lowest 10%: NA
highest 10%: NA
Inflation rate (consumer prices):
NA
Labor force:
48,800 (2000)
Unemployment rate:
38% (1999)
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 (2000)
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% (2000 est.)
Debt - external:
NA
Economic aid - recipient:
$107.7 million; note - extensive French financial assistance (1995)
Currency:
euro (EUR)
Currency code:
EUR
Exchange rates:
euros per US dollar - 0.8860 (2003), 1.0626 (2002), 1.1175 (2001),
1.0854 (2000), 0.9386 (1999)
Fiscal year:
calendar year
