Mayotte Economy Profile 2008

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%

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)

Labor force

44,560 (2002)

Unemployment rate

25.4% (2005)

Budget

revenues: $420 million
expenditures: $394 million (2005)

Industries

newly created lobster and shrimp industry, construction

Industrial production growth rate

NA%

Electricity - production

NA kWh

Electricity - consumption

139.2 million kWh (2005)

Agriculture - products

vanilla, ylang-ylang (perfume essence), coffee, copra, fish, livestock

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% (2006)

Debt - external

$NA

Market value of publicly traded shares

$NA

Economic aid - recipient

$201.3 million; note - extensive French financial assistance (2005)

Currency (code)

euro (EUR)

Exchange rates

euros per US dollar - 0.7345 (2007), 0.7964 (2006), 0.8041 (2005), 0.8054 (2004), 0.886 (2003)

Fiscal year

calendar year