Economy Of French Guiana
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Economy overview
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The economy is tied closely to the larger French economy through subsidies and imports. Besides the French space center at Kourou (which accounts for 25% of GDP), fishing and forestry are the most important economic activities. Forest and woodland cover 90% of the country. The large reserves of tropical hardwoods, not fully exploited, support an expanding sawmill industry that provides sawn logs for export. Cultivation of crops is limited to the coastal area, where the population is largely concentrated; rice and manioc are the major crops. French Guiana is heavily dependent on imports of food and energy. Unemployment is a serious problem, particularly among younger workers.
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GDP
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purchasing power parity - $1.551 billion (2003 est.)
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GDP - real growth rate
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NA
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GDP - per capita
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purchasing power parity - $8,300 (2003 est.)
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GDP - composition by sector
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agriculture: NA
industry: NA
services: NA (2001 est.)
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Investment gross fixed
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Population below poverty line
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NA
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Household income or consumption by percentage share
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lowest 10%: NA
highest 10%: NA
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Distribution of family income - Gini index
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Inflation rate consumer prices
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1.5% (2002 est.)
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Labor force
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58,800 (1997)
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Labor force by occupation
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agriculture 18.2%, industry 21.2%, services, government, and commerce 60.6% (1980)
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Unemployment rate
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22% (2001)
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Budget
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revenues: $225 million
expenditures: $390 million, including capital expenditures of $105 million (1996)
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Public debt
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Agriculture products
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corn, rice, manioc (tapioca), sugar, cocoa, vegetables, bananas; cattle, pigs, poultry
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Industries
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construction, shrimp processing, forestry products, rum, gold mining
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Industrial production growth rate
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NA
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Electricity production
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455 million kWh (2001)
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Electricity production by source
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fossil fuel: 100%
hydro: 0%
other: 0% (2001)
nuclear: 0%
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Electricity consumption
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423.2 million kWh (2001)
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Electricity exports
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0 kWh (2001)
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Electricity imports
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0 kWh (2001)
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Oil production
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0 bbl/day (2001 est.)
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Oil consumption
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6,500 bbl/day (2001 est.)
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Oil exports
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NA (2001)
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Oil imports
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NA (2001)
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Oil proved reserves
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Natural gas production
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Natural gas consumption
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Natural gas exports
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Natural gas imports
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Natural gas proved reserves
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Current account balance
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Exports
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$155 million f.o.b. (2002 est.)
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Exports commodities
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shrimp, timber, gold, rum, rosewood essence, clothing
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Exports partners
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France 62%, Switzerland 7%, US 2% (2001)
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Imports
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$625 million c.i.f. (2002 est.)
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Imports commodities
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food (grains, processed meat), machinery and transport equipment, fuels and chemicals
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Imports partners
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France 63%, US, Trinidad and Tobago, Italy (2002 est.)
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Reserves of foreign exchange gold
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Debt external
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$1.2 billion (1988)
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Economic aid recipient
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NA (1995)
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Currency
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euro (EUR)
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Currency code
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EUR
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Exchange rates
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Euros per US dollar - 0.886 (2003), 1.0626 (2002), 1.1175 (2001), 1.0854 (2000), 0.9386 (1999)
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Fiscal year
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calendar year
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Applied Language Solutions offer English to French Translation .
This information was reproduced in part from the CIA World Fact book.
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