Economy of Mayotte

Economy of Mayotte

Currency	1 euro (currency sign: €; banking code: EUR) = 100 cent
Fixed 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
Statistics
GDP	US$547 million (in 2001)
GDP per capita	US$3,550 (in 2001)
GDP by sector	agriculture: NA% industry: NA% services: NA%
Population below poverty line	NA%
Labour force	48,800 (2000)
Unemployment	38% (1999)
Main industries	newly created lobster and shrimp industry, construction
External
Exports	$3.44 million f.o.b. (1997)
Export goods	ylang-ylang (perfume essence), vanilla, copra, coconuts, coffee, cinnamon
Main export partners	France 80%, Comoros 15%, Reunion (2004)
Imports	$141.3 million f.o.b. (1997)
Import goods	food, machinery and equipment, transportation equipment, metals, chemicals
Main import partners	France 66%, Africa 14%, Southeast Asia 11% (2004)
Gross external debt	$NA
Public finances
Revenues	$NA
Expenses	$73 million; including capital expenditures of $NA (1991 est.)
Economic aid	recipient: $107.7 million; note - extensive French financial assistance (1995)
All values, unless otherwise stated, are in US dollars.

The economy of Mayotte is based primarily on the agricultural sector, including fishing and livestock raising. The island of Mayotte is not self-sufficient and must import a large portion of its food requirements, mainly from Metropolitan 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.

See also

• Economy of France in: French Guiana, French Polynesia, Guadeloupe, Martinique, Mayotte, New Caledonia, Réunion, Saint Barthélemy, Saint Martin, Saint Pierre and Miquelon, Wallis and Futuna
• Taxation in France
• Economic history of France
• Poverty in France

 This article incorporates public domain material from The World Factbook. CIA.