Economy of French Guiana

Economy - overview: The economy is tied closely to that of France through subsidies and imports. Besides the French space center at Kourou, fishing and forestry are the most important economic activities. The large reserves of tropical hardwoods, not fully exploited, support an expanding sawmill industry which 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.

GDP: purchasing power parity - $1 billion (1998 est.)

GDP - real growth rate: NA%

GDP - per capita: purchasing power parity - $6,000 (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): 2.5% (1992)

Labor force: 58,800 (1997)

Labor force - by occupation: services, government, and commerce 60.6%, industry 21.2%, agriculture 18.2% (1980)

Unemployment rate: 21.4% (1998 est.)

Budget:
revenues: $225 million
expenditures: $390 million, including capital expenditures of $105 million (1996)

Industries: construction, shrimp processing, forestry products, rum, gold mining

Industrial production growth rate: NA%

Electricity - production: 430 million kWh (1998)

Electricity - production by source:
fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (1998)

Electricity - consumption: 400 million kWh (1998)

Electricity - exports: 0 kWh (1998)

Electricity - imports: 0 kWh (1998)

Agriculture - products: rice, manioc (tapioca), sugar, cocoa, vegetables, bananas; cattle, pigs, poultry

Exports: $155 million (f.o.b., 1997)

Exports - commodities: shrimp, timber, gold, rum, rosewood[?] essence, clothing

Exports - partners: France 62%, Switzerland 7%, United States 2% (1997)

Imports: $625 million (c.i.f., 1997)

Imports - commodities: food (grains, processed meat), machinery and transport equipment, fuels and chemicals

Imports - partners: France 52%, United States 14%, Trinidad and Tobago 6% (1997)

Debt - external: $1.2 billion (1988)

Economic aid - recipient: $NA

Currency: 1 French franc (F) = 100 centimes (Is this euros now? Otherwise an explanation for why Guiana still uses the franc should be put here)

Exchange rates: euros per US$1 - 0.9867 (January 2000), 0.9386 (1999); French francs (F) per US$1 - 5.65 (January 1999), 5.8995 (1998), 5.8367 (1997), 5.1155 (1996), 4.9915 (1995)

Fiscal year: calendar year

See also : French Guiana