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%
Labor 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
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