Economy Of Guadeloupe
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Economy overview
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The Caribbean economy depends on agriculture, tourism, light industry, and services. It also depends on France for large subsidies and imports. Tourism is a key industry, with most tourists from the US; an increasingly large number of cruise ships visit the islands. The traditional sugarcane crop is slowly being replaced by other crops, such as bananas (which now supply about 50% of export earnings), eggplant, and flowers. Other vegetables and root crops are cultivated for local consumption, although Guadeloupe is still dependent on imported food, mainly from France. Light industry features sugar and rum production. Most manufactured goods and fuel are imported. Unemployment is especially high among the young. Hurricanes periodically devastate the economy.
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GDP
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purchasing power parity - $3.513 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 - $8,000 (2003 est.)
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GDP - composition by sector
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agriculture: 15%
industry: 17%
services: 68% (1997 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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NA (2003 est.)
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Labor force
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125,900 (1997)
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Labor force by occupation
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NA
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Unemployment rate
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27.8% (1998)
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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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bananas, sugarcane, tropical fruits and vegetables; cattle, pigs, goats
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Industries
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construction, cement, rum, sugar, tourism
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Industrial production growth rate
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NA
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Electricity production
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1.155 billion 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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1.074 billion 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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13,000 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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$140 million f.o.b. (1997)
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Exports commodities
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bananas, sugar, rum
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Exports partners
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France 60%, Martinique 18%, US 4% (1999)
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Imports
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$1.7 billion c.i.f. (1997)
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Imports commodities
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foodstuffs, fuels, vehicles, clothing and other consumer goods, construction materials
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Imports partners
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France 63%, Germany 4%, US 3%, Japan 2%, Netherlands Antilles 2% (1999)
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Reserves of foreign exchange gold
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Debt external
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NA (yearend 2003 est.)
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Economic aid recipient
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$NA; note - substantial annual French subsidies (1995)
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Currency
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euro (EUR); French franc (FRF)
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Currency code
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EUR; FRF
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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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