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    French Guiana Index 2006

    French Guiana Main Index

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    French Guiana Economy - 2006

      Economy - overview:
      The economy is tied closely to the much larger French economy through subsidies and imports. Besides the French space center at Kourou (which accounts for 25% of GDP), fishing and forestry are the most important economic activities. Forest and woodland cover 90% of the country. The large reserves of tropical hardwoods, not fully exploited, support an expanding sawmill industry that provides sawn logs for export. Cultivation of crops is limited to the coastal area, where the population is largely concentrated; rice and manioc are the major crops. French Guiana is heavily dependent on imports of food and energy. Unemployment is a serious problem, particularly among younger workers.

      GDP (purchasing power parity):
      $1.551 billion (2003 est.)

      GDP (official exchange rate):

      GDP - real growth rate:

      GDP - per capita (PPP):
      $8,300 (2003 est.)

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

      Labor force:
      58,800 (1997)

      Labor force - by occupation:
      agriculture: 18.2%
      industry: 21.2%
      services: 60.6% (1980)

      Unemployment rate:
      22% (2001)

      Population below poverty line:

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

      Inflation rate (consumer prices):
      1.5% (2002 est.)

      revenues: $225 million
      expenditures: $390 million; including capital expenditures of $105 million (1996)

      Agriculture - products:
      corn, rice, manioc (tapioca), sugar, cocoa, vegetables, bananas; cattle, pigs, poultry

      construction, shrimp processing, forestry products, rum, gold mining

      Industrial production growth rate:

      Electricity - production:
      465.2 million kWh (2003)

      Electricity - consumption:
      432.6 million kWh (2003)

      Electricity - exports:
      0 kWh (2003)

      Electricity - imports:
      0 kWh (2003)

      Oil - production:
      0 bbl/day (2003 est.)

      Oil - consumption:
      6,600 bbl/day (2003 est.)

      Oil - exports:
      NA bbl/day

      Oil - imports:
      NA bbl/day

      Natural gas - production:
      0 cu m (2003 est.)

      Natural gas - consumption:
      0 cu m (2003 est.)

      $155 million f.o.b. (2002 est.)

      Exports - commodities:
      shrimp, timber, gold, rum, rosewood essence, clothing

      Exports - partners:
      France 62%, Switzerland 7%, US 2% (2004)

      $625 million c.i.f. (2002 est.)

      Imports - commodities:
      food (grains, processed meat), machinery and transport equipment, fuels and chemicals

      Imports - partners:
      France 63%, US, Trinidad and Tobago, Italy (2004)

      Debt - external:
      $1.2 billion (1988)

      Economic aid - recipient:

      Currency (code):
      euro (EUR)
      note: on 1 January 1999, the European Monetary Union introduced the euro as a common currency to be used by financial institutions of member countries; on 1 January 2002, the euro became the sole currency for everyday transactions within the member countries

      Exchange rates:
      euros per US dollar - 0.8041 (2005), 0.8054 (2004), 0.886 (2003), 1.0626 (2002), 1.1175 (2001)

      Fiscal year:
      calendar year

      NOTE: The information regarding French Guiana on this page is re-published from the 2006 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of French Guiana Economy 2006 information contained here. All suggestions for corrections of any errors about French Guiana Economy 2006 should be addressed to the CIA.

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    Revised 06-Jun-06
    Copyright © 2006 Photius Coutsoukis (all rights reserved)