Economy of Mayotte
| 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): | $953.6 million (2005 est.) |
| GDP (official exchange rate): | NA |
| GDP - real growth rate: | NA% |
| GDP - per capita (PPP): | $4,900 (2005 est.) |
| GDP - composition by sector: | agriculture: NA% industry: NA% services: NA% |
| Labor force: | 44,560 (2002) |
| Unemployment rate: | 25.4% (2005) |
| Population below poverty line: | NA% |
| Household income or consumption by percentage share: | lowest 10%: NA% highest 10%: NA% |
| Inflation rate (consumer prices): | 1.7% (2005) |
| Budget: | revenues: $420 million expenditures: $394 million; including capital expenditures of $NA (2005) |
| 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 - production by source: | fossil fuel: 0% hydro: 0% nuclear: 0% other: 0% |
| Electricity - consumption: | 139.2 million kWh (2005) |
| Exports: | $6.5 million f.o.b. (2005) |
| Exports - commodities: | ylang-ylang (perfume essence), vanilla, copra, coconuts, coffee, cinnamon |
| Exports - partners: | France 43%, Comoros 36%, Reunion 15% (2006) |
| Imports: | $341 million f.o.b.; note - excludes petroleum imports (2005) |
| Imports - commodities: | food, machinery and equipment, transportation equipment, metals, chemicals |
| Imports - partners: | France 49%, Seychelles 8.8%, China 4.1%, South Africa 2.8% (2006) |
| Debt - external: | $NA |
| Economic aid - recipient: | $208 million; note - extensive French financial assistance (2004) |
| Currency (code): | euro (EUR) |
| Currency code: | EUR |
| Exchange rates: | euros per US dollar - 0.7964 (2006), 0.8041 (2005), 0.8054 (2004), 0.886 (2003), 1.0626 (2002) |
| Fiscal year: | calendar year |