Mayotte Economy 2007

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):
$953.6 million (2005 est.)

GDP (official exchange rate):
$NA

GDP - real growth rate:
NA%

GDP - per capita (PPP):
$4,900 (2005 est.)

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

Labor force:
44,560 (2002)

Unemployment rate:
25.4% (2005)

Population below poverty line:
NA%

Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%

Inflation rate (consumer prices):
1.7% (2005)

Budget:
revenues: $420 million
expenditures: $394 million (2005)

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:
139.2 million kWh (2005)

Exports:
$6.5 million f.o.b. (2005)

Exports - commodities:
ylang-ylang (perfume essence), vanilla, copra, coconuts, coffee, cinnamon

Exports - partners:
France 43%, Comoros 36%, Reunion 15% (2006)

Imports:
$341 million f.o.b.; note - excludes petroleum imports (2005)

Imports - commodities:
food, machinery and equipment, transportation equipment, metals, chemicals

Imports - partners:
France 49%, Seychelles 8.8%, China 4.1%, South Africa 2.8% (2006)

Economic aid - recipient:
$201.3 million; note - extensive French financial assistance (2005)

Debt - external:
$NA

Market value of publicly traded shares:
$NA

Currency (code):
euro (EUR)

Exchange rates:
euros per US dollar - 0.7964 (2006), 0.8041 (2005), 0.8054 (2004), 0.886 (2003), 1.0626 (2002)