Economy of Mayotte

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 - $85 million (1998 est.)

GDP - real growth rate: NA%

GDP - per capita: purchasing power parity - $600 (1998 est.)

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

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: NA

Unemployment rate: 45% (1997)

Budget:
revenues: $NA
expenditures: $73 million, including capital expenditures of $NA (1991 est.)

Industries: newly created lobster and shrimp industry, construction

Industrial production growth rate: NA%

Electricity - production: NA kWh

Electricity - production by source:
fossil fuel: NA%
hydro: NA%
nuclear: NA%
other: NA%

Electricity - consumption: NA kWh

Electricity - exports: NA kWh

Electricity - imports: NA kWh

Agriculture - products: vanilla, ylang-ylang[?] (perfume essence), coffee, copra

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

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% (1997)

Debt - external: $NA

Economic aid - recipient: $107.7 million (1995); note - extensive French financial assistance

Currency: 1 French franc (F) = 100 centimes

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 : Mayotte