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    Martinique Index 2006

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    Martinique Economy - 2006
    https://theodora.com/wfbcurrent/martinique/martinique_economy.html
    SOURCE: 2006 CIA WORLD FACTBOOK

      Economy - overview:
      The economy is based on sugarcane, bananas, tourism, and light industry. 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, which employs more than 11,000 people, has become more important than agricultural exports as a source of foreign exchange.

      GDP (purchasing power parity):
      $6.117 billion (2003 est.)

      GDP (official exchange rate):
      NA

      GDP - real growth rate:
      NA%

      GDP - per capita (PPP):
      $14,400 (2003 est.)

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

      Labor force:
      165,900 (1998)

      Labor force - by occupation:
      agriculture: 10%
      industry: 17%
      services: 73% (1997)

      Unemployment rate:
      27.2% (1998)

      Population below poverty line:
      NA%

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

      Inflation rate (consumer prices):
      3.9% (1990)

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

      Agriculture - products:
      pineapples, avocados, bananas, flowers, vegetables, sugarcane

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

      Industrial production growth rate:
      NA%

      Electricity - production:
      1.205 billion kWh (2003)

      Electricity - consumption:
      1.12 billion kWh (2003)

      Electricity - exports:
      0 kWh (2003)

      Electricity - imports:
      0 kWh (2003)

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

      Oil - consumption:
      13,800 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.)

      Exports:
      $250 million f.o.b. (1997)

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

      Exports - partners:
      France 45%, Guadeloupe 28% (2004)

      Imports:
      $2 billion c.i.f. (1997)

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

      Imports - partners:
      France 62%, Venezuela 6%, Germany 4%, Italy 4%, US 3% (2004)

      Debt - external:
      $180 million (1994)

      Economic aid - recipient:
      $NA; note - substantial annual aid from France (1998)

      Currency (code):
      euro (EUR)

      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 Martinique 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 Martinique Economy 2006 information contained here. All suggestions for corrections of any errors about Martinique Economy 2006 should be addressed to the CIA.

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    https://theodora.com/wfbcurrent/martinique/martinique_economy.html

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


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