Mayotte Economy - 2005

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 (2003 est.)

GDP - composition by sector:
agriculture: NA%
industry: NA%
services: NA%

Labor 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 (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 (code):
euro (EUR)

Exchange rates:
euros per US dollar - 0.8054 (2004), 0.886 (2003), 1.0626 (2002), 1.1175 (2001), 1.0854 (2000)