Economy of Mayotte

The economic activity of Mayotte is based primarily on the agricultural sector, including fishing and livestock raising. The island 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.

GDP (official exchange rate): US$547 million (in 2001)

GDP - per capita (official exchange rate): US$3,550 (in 2001)

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

Labour force: 48,800 (2000)

Unemployment rate: 38% (1999)

Population below poverty line: NA%

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

Inflation rate (consumer prices): NA%

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

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

Industries: newly created lobster and shrimp industry, construction

Industrial production growth rate: NA%

Electricity - production: NA kWh

Electricity - consumption: NA kWh

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 (2004)

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% (2004)

Debt - external: $NA

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

Currency: 1 euro (currency sign: €; banking code: EUR) = 100 cent

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

References

 This article incorporates public domain material from websites or documents of the CIA World Factbook.