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Economy - overview:
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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.
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GDP:
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purchasing power parity - $85 million (1998 est.)
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GDP - real growth rate:
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NA%
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GDP - per capita:
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purchasing power parity - $600 (1998 est.)
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GDP - composition by sector:
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agriculture: NA%
industry: NA%
services: NA%
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Population below poverty line:
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NA%
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Household income or consumption by percentage share:
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lowest 10%: NA%
highest 10%: NA%
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Inflation rate (consumer prices):
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NA%
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Labor force:
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48,800 (2000)
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Unemployment rate:
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38% (1999)
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Budget:
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revenues: $NA
expenditures: $73 million, including capital expenditures of $NA (1991 est.)
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Industries:
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newly created lobster and shrimp industry, construction
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Industrial production growth rate:
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NA%
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Electricity - production:
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NA kWh
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Electricity - production by source:
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fossil fuel: 0%
hydro: 0%
other: 0%
nuclear: 0%
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Electricity - consumption:
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NA kWh
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Agriculture - products:
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vanilla, ylang-ylang (perfume essence), coffee, copra
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Exports:
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$3.44 million f.o.b. (1997)
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Exports - commodities:
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ylang-ylang (perfume essence), vanilla, copra, coconuts, coffee, cinnamon
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Exports - partners:
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France 80%, Comoros 15%, Reunion (2000)
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Imports:
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$141.3 million f.o.b. (1997)
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Imports - commodities:
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food, machinery and equipment, transportation equipment, metals, chemicals
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Imports - partners:
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France 66%, Africa 14%, Southeast Asia 11% (2000 est.)
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Debt - external:
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$NA
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Economic aid - recipient:
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$107.7 million; note - extensive French financial assistance (1995)
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Currency:
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euro (EUR)
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Currency code:
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EUR
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Exchange rates:
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euros per US dollar - 1.06 1.0626 (2002), 1.1175 (2001), 1.0854 (2000), 0.9386 (1999); French francs per US dollar - 5.8995 (1998), 5.8367 (1997)
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Fiscal year:
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calendar year
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