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Mayotte Economy 1996

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. Mayotte's remote location is an obstacle to the development of tourism.

National product:

GDP - purchasing power parity - $54 million (1993 est.)

National product real growth rate:

NA%

National product per capita:

$600 (1993 est.)

Inflation rate (consumer prices):

NA%

Unemployment rate:

NA%

Budget:

revenues:

$NA

expenditures:

$37.3 million, including capital expenditures of $NA (1985 est.)

Exports:

$4 million (f.o.b., 1984)

commodities:

ylang-ylang, vanilla

partners:

France 79%, Comoros 10%, Reunion 9%

Imports:

$21.8 million (f.o.b., 1984)

commodities:

building materials, transportation equipment, rice, clothing, flour

partners:

France 57%, Kenya 16%, South Africa 11%, Pakistan 8%

External debt:

$NA

Industrial production:

growth rate NA%

Electricity:

capacity:

NA kW

production:

NA kWh

consumption per capita:

NA kWh

Industries:

newly created lobster and shrimp industry

Agriculture:

most important sector; provides all export earnings; crops - vanilla, ylang-ylang, coffee, copra; imports major share of food needs

Economic aid:

recipient:

Western (non-US) countries, ODA and OOF bilateral commitments (1970-89), $402 million

Currency:

1 French franc (F) = 100 centimes

Exchange rates:

French francs (F) per US$1 - 5.2943 (January 1995), 5.5520 (1994), 5.6632 (1993), 5.2938 (1992), 5.6421 (1991), 5.4453 (1990)

Fiscal year:

calendar year

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