Economy of French Guiana

Mother Earth Travel > Country Index > French Guiana > Map Economy

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 - per capita: purchasing power parity - $6,000 (1998 est.)
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
Electricity - production: 440 million kWh (1999)
Electricity - production by source:
fossil fuel:  100%
hydro:  0%
nuclear:  0%
other:  0% (1999)
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%, US 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%, US 14%, Trinidad and Tobago 6% (1997)
Debt - external: $1.2 billion (1988)
Currency: French franc (FRF); euro (EUR)

SOURCE: The World Factbook

Mother Earth Travel > Country Index > French Guiana > Map Economy