The economic activity of Mayotte

Mayotte

Mayotte is an overseas department and region of France consisting of a main island, Grande-Terre , a smaller island, Petite-Terre , and several islets around these two. The archipelago is located in the northern Mozambique Channel in the Indian Ocean, namely between northwestern Madagascar and...

 is based primarily on the agricultural sector, including fishing and livestock raising. The island is not self-sufficient and must import a large portion of its food requirements, mainly from Metropolitan France

Metropolitan France

Metropolitan France is the part of France located in Europe. It can also be described as mainland France or as the French mainland and the island of Corsica...

. 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 (official exchange rate):
US$547 million (in 2001)

GDP - per capita (official exchange rate):
US$3,550 (in 2001)

GDP - composition by sector:
agriculture: NA%
industry: NA%
services: NA%

Labor force:
48,800 (2000)

Unemployment rate:
38% (1999)

Population below poverty line:
NA%

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

Inflation rate (consumer prices):
NA%

Budget:
revenues: $NA
expenditures: $73 million; including capital expenditures of $NA (1991 est.)

Agriculture - products:
vanilla, ylang-ylang (perfume essence), coffee, copra

Industries:
newly created lobster and shrimp industry, construction

Industrial production growth rate:
NA%

Electricity - production:
NA kWh

Electricity - consumption:
NA kWh

Exports:
$3.44 million f.o.b. (1997)

Exports - commodities:
ylang-ylang (perfume essence), vanilla, copra

Copra

Copra is the dried meat, or kernel, of the coconut. Coconut oil extracted from it has made copra an important agricultural commodity for many coconut-producing countries. It also yields coconut cake which is mainly used as feed for livestock.-Production:...

, coconuts, coffee, cinnamon

Exports - partners:
France 80%, Comoros 15%, Reunion (2004)

Imports:
$141.3 million f.o.b. (1997)

Imports - commodities: food, machinery and equipment, transportation equipment, metals, chemicals

Imports - partners:
France 66%, Africa 14%, Southeast Asia 11% (2004)

Debt - external:
$NA

Economic aid - recipient:
$107.7 million; note - extensive French financial assistance (1995)

Currency:
1 euro

Euro

The euro is the official currency of the eurozone: 17 of the 27 member states of the European Union. It is also the currency used by the Institutions of the European Union. The eurozone consists of Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg,...

 (currency sign

Currency sign

A currency sign is a graphic symbol used as a shorthand for a currency's name, especially in reference to amounts of money. They typically employ the first letter or character of the currency, sometimes with minor changes such as ligatures or overlaid vertical or horizontal bars...

: €

Euro sign

The euro sign is the currency sign used for the euro, the official currency of the Eurozone in the European Union . The design was presented to the public by the European Commission on 12 December 1996. The international three-letter code for the euro is EUR...

; banking code

ISO 4217

ISO 4217 is a standard published by the International Standards Organization, which delineates currency designators, country codes , and references to minor units in three tables:* Table A.1 – Current currency & funds code list...

: EUR) = 100 cent

Exchange rates:
euros per US dollar - 0.8041 (2005), 0.8054 (2004), 0.886 (2003), 1.0626 (2002), 1.1175 (2001)

Fiscal year:

calendar year