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Guadeloupe Economy




Guadeloupe    Economy Top of Page
Economy - overview: The 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: purchasing power parity - $3.7 billion (1997 est.)
GDP - real growth rate: NA%
GDP - per capita: purchasing power parity - $9,000 (1997 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%
Inflation rate (consumer prices): NA
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: 1.3 billion kWh (1999)
Electricity - production by source: fossil fuel:  100%

hydro:  0%

nuclear:  0%

other:  0% (1999)
Electricity - consumption: 1.209 billion kWh (1999)
Electricity - exports: 0 kWh (1999)
Electricity - imports: 0 kWh (1999)
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% (1997)
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% (1997)
Debt - external: $NA
Economic aid - recipient: $NA; note - substantial annual French subsidies
Currency: French franc (FRF); euro (EUR)
Currency code: FRF; EUR
Exchange rates: Euros per US dollar - 1.0659 (January 2001), 1.0854 (2000), 0.9386 (1999); French francs per US dollar - 5.8995 (1998), 5.8367 (1997), 5.1155 (1996)
Fiscal year: calendar year

 

Countryfacts Information Courtesy: CIA Worldbook








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