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Mayotte (territorial collectivity of France) Economy

    Economy—overview: Economic activity is based primarily on the agricultural sector, including fishing and livestock raising. Mayotte is not self-sufficient and must import a large portion of its food requirements, mainly from 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: purchasing power parity—$85 million (1998 est.)

    GDP—real growth rate: NA%

    GDP—per capita: purchasing power parity—$600 (1998 est.)

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

    Population below poverty line: NA%

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

    Inflation rate (consumer prices): NA%

    Labor force: NA

    Unemployment rate: 38% (1991 est.)

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

    Industries: newly created lobster and shrimp industry

    Industrial production growth rate: NA%

    Electricity—production: NA kWh

    Electricity—production by source:
    fossil fuel: NA%
    hydro: NA%
    nuclear: NA%
    other: NA%

    Electricity—consumption: NA kWh

    Electricity—exports: NA kWh

    Electricity—imports: NA kWh

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

    Exports: $3.64 million (f.o.b., 1996)

    Exports—commodities: ylang-ylang (perfume essence), vanilla, copra

    Exports—partners: France 80%, Comoros 15%, Reunion

    Imports: $131.5 million (f.o.b., 1996)

    Imports—commodities: building materials, machinery and transportation equipment, metals, chemicals, rice, clothing, flour

    Imports—partners: France 66%, Africa 14%, Southeast Asia 20%

    Debt—external: $NA

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

    Currency: 1 French franc (F) = 100 centimes

    Exchange rates: French francs (F) per US$1—5.65 (January 1999), 5.8995 (1998), 5.8367 (1997), 5.1155 (1996), 4.9915 (1995), 5.5520 (1994)

    Fiscal year: calendar year

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Revised 1-Mar-99
Copyright © 1999 Photius Coutsoukis (all rights reserved)