Economy of Mayotte

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Economy of Mayotte
Currency1 euro (currency sign: ; banking code: EUR) = 100 cent
euros per US dollar - 0.8041 (2005), 0.8054 (2004), 0.886 (2003), 1.0626 (2002), 1.1175 (2001)
calendar year
Statistics
GDP US$547 million (in 2001) [1]
GDP per capita
US$3,550 (in 2001) [1]
GDP by sector
  • agriculture: NA%
  • industry: NA%
  • services: NA%
Population below poverty line
NA%
Labour force
48,800 (2000)
Unemployment38% (1999)
Main industries
newly created lobster and shrimp industry, construction
External
Exports$3.44 million f.o.b. (1997)
Export goods
ylang-ylang (perfume essence), vanilla, copra, coconuts, coffee, cinnamon
Main export partners
France 80%, Comoros 15%, Reunion (2004)
Imports$141.3 million f.o.b. (1997)
Import goods
food, machinery and equipment, transportation equipment, metals, chemicals
Main import partners
France 66%, Africa 14%, Southeast Asia 11% (2004)
$NA
Public finances
Revenues$NA
Expenses$73 million; including capital expenditures of $NA (1991 est.)
Economic aidrecipient: $107.7 million; note - extensive French financial assistance (1995)

All values, unless otherwise stated, are in US dollars.

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

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Comoros Country in the Indian Ocean

The Comoros, officially the Union of the Comoros, is an archipelagic country in the Indian Ocean, at the northern end of the Mozambique Channel off the eastern coast of Africa. It shares maritime borders with Madagascar and Mayotte to the southeast, Tanzania to the northwest, Mozambique to the west, and the Seychelles to the northeast. Its capital and largest city is Moroni. The religion of the majority of the population, and the official state religion, is Sunni Islam. As a member of the Arab League, it is the only country in the Arab world which is entirely in the Southern Hemisphere. It is also a member state of the African Union, the Organisation internationale de la Francophonie, the Organisation of Islamic Cooperation, and the Indian Ocean Commission. The country has three official languages: Comorian, French and Arabic.

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Mayotte Overseas department of France in the Indian Ocean

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Outline of Mayotte Overview of and topical guide to Mayotte

Mayotte – overseas department of France located in the Comoros Archipelago in the Indian Ocean. The department comprises the main island of Grande-Terre, a smaller island, Petite-Terre, and several islets at the northern end of the Mozambique Channel, between northern Madagascar and northern Mozambique. The territory is geographically part of the Comoro Islands, but has been politically separate since the 1970s. The territory is also known as Mahoré, the native name of its main island, especially by advocates of its inclusion in the Union of Comoros.

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References

  1. 1 2 INSEE. "Résultats économiques" (PDF) (in French). Retrieved 2008-01-16.

See also

PD-icon.svg This article incorporates  public domain material from the CIA World Factbook website https://www.cia.gov/the-world-factbook/ .