Economy of Martinique

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search

The economy of Martinique is mostly based in the services sector. 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 has become more important than agricultural exports as a source of foreign exchange; the majority of the work force is employed in the service sector and in administration.

Gross domestic product[edit]

GDP: real exchange rate - US$9.61 billion (in 2006)[1]

GDP - real growth rate: 2.8% (in 2006)[1]

GDP - per capita: real exchange rate - US$24,118 (in 2006)[1]

GDP - composition by sector:
agriculture: 6%
industry: 11%
services: 83% (1997 est.)

Demographics[edit]

Population below poverty line: NA%

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

Labor force: 165 900 (1998)

Labor force - by occupation: agriculture 7%, industry 20%, services 73% (1997)

Unemployment rate: 27.2% (1998)

Budget:
revenues: $900 million
expenditures: $2.5 billion, including capital expenditures of $140 million (1996)

Industries[edit]

Industries: construction, rum, cement, petroleum refining, sugar, tourism

Industrial production growth rate: NA%

Infrastructure[edit]

Electricity - production: 1,205 GWh (2003)

Electricity - production by source:
fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (1998)

Electricity - consumption: 1,000 GWh (1998)

Electricity - exports: 0 kWh (1998)

Electricity - imports: 0 kWh (1998)

Agriculture[edit]

Agricultural products: pineapples, avocados, bananas, flowers, vegetables, sugarcane

Exports: US$957 million (in 2005)[1]

Exports - commodities: refined petroleum products, bananas, rum, pineapples

Exports - partners: Mainland France 45%, Guadeloupe 28% (1997)

Imports: US$3,098 billion (in 2005)[1]

Imports - commodities: petroleum products, crude oil, foodstuffs, construction materials, vehicles, clothing and other consumer goods

Imports - partners: Mainland France 62%, Venezuela 6%, Germany 4%, Italy 4%, US 3% (1997)

Debt - external: $180 million (1994)

Economic aid - recipient: Martinique receives substantial annual aid from the French state.

Economics[edit]

Currency 1 euro (€) = 100 cents

Exchange rates: euros per US$1 – 0.9867 (January 2000), 0.9386 (1999); French francs (F) per US$1 – 5.65 (January 1999), 5.8995 (1998), 5.8367 (1997), 5.1155 (1996), 4.9915 (1995)

Fiscal year: calendar year

See also[edit]

References[edit]

  1. ^ a b c d e ‹See Tfd›(in French) INSEE-CEROM. "Les comptes économiques de la Martinique en 2006" (PDF). Archived from the original (PDF) on 2008-02-16. Retrieved 2008-01-13.

External links[edit]