Guadeloupe Economy, Guadeloupe Economy

Economy - overview: 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.

GDP:

GDP - real growth rate: NA%

GDP - per capita: Purchasing power parity - $7,900 (2003 est.)

GDP - composition by sector: Agriculture: 15% industry: 17% services: 68% (1997 est.)

Population below poverty line: NA%

Household income or consumption by percentage share: Lowest 10%: NA% highest 10%: NA%

Distribution of family income - Gini index:

Inflation rate (consumer prices):

Labor force: 125,900 (1997)

Labor force - by occupation: NA

Unemployment rate: 27.8% (1998)

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

Industries: Construction, cement, rum, sugar, tourism

Industrial production growth rate: NA%

Electricity - production: 1.16 billion kWh (2002)

Electricity - production by source:

Electricity - consumption: 1.079 billion kWh (2002)

Electricity - exports: 0 kWh (2002)

Electricity - imports: 0 kWh (2002)

Oil - production: 0 bbl/day (2001 est.)

Oil - consumption: 13,000 bbl/day (2001 est.)

Oil - exports: NA

Oil - imports: NA

Oil - proved reserves:

Natural gas - production:

Natural gas - consumption:

Natural gas - exports:

Natural gas - imports:

Natural gas - proved reserves:

Agriculture - products: Bananas, sugarcane, tropical fruits and vegetables; cattle, pigs, goats

Exports: $140 million f.o.b. (1997)

Exports - commodities: Bananas, sugar, rum

Exports - partners: France 60%, Martinique 18%, US 4% (1999)

Imports: $1.7 billion c.i.f. (1997)

Imports - commodities: Foodstuffs, fuels, vehicles, clothing and other consumer goods, construction materials

Imports - partners: France 63%, Germany 4%, US 3%, Japan 2%, Netherlands Antilles 2% (1999)

Debt - external: $NA (yearend 2003 est.)

Economic aid - recipient: NA; note - substantial annual French subsidies (2004)

Currency:

Currency code:

Exchange rates: Euros per US dollar - 0.8054 (2004), 0.886 (2003), 1.0626 (2002), 1.1175 j(2001), 1.0854 (2000)

Fiscal year: Calendar year

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The information here has been derived from Public Domain Sources such as the CIA World Factbook. No liability can be taken for any inaccuracies.

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