Economy of Mayotte

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.

Economy of Mayotte
Currency1 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)
calendar year
Statistics
GDPUS$547 million (in 2001)[1]
GDP per capita
US$3,550 (in 2001)[1]
GDP by sector
  • agriculture: NA%
  • industry: NA%
  • services: NA%
Population below poverty line
NA%
Labour force
48,800 (2000)
Unemployment38% (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)
$NA
Public finances
Revenues$NA
Expenses$73 million; including capital expenditures of $NA (1991 est.)
Economic aidrecipient: $107.7 million; note - extensive French financial assistance (1995)

All values, unless otherwise stated, are in US dollars.

References
  1. INSEE. "Résultats économiques" (PDF) (in French). Retrieved 2008-01-16.

See also

 This article incorporates public domain material from the CIA World Factbook website https://www.cia.gov/library/publications/the-world-factbook/index.html.

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