French Guiana Economy: from the All Country Info reference guide to country facts

French Guiana Economy

French Guiana Economy: A summary of information about French Guiana Economy, from government research data as well as independent research and other sources.

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French Guiana: 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 - real growth rate
NA%
GDP - per capita
purchasing power parity - $6,000 (1998 est.)
GDP - composition by sector
agriculture: NA%
industry: NA%
services: NA%
Population below poverty line
NA%
Household income or consumption by percentage share
lowest 10%: NA%
highest 10%: NA%
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
Industrial production growth rate
NA%
Electricity - production
430 million kWh (1998)
Electricity - production by source
fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (1998)
Electricity - consumption
400 million kWh (1998)
Electricity - exports
0 kWh (1998)
Electricity - imports
0 kWh (1998)
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)
Economic aid - recipient
$NA
Currency
1 French franc (F) = 100 centimes
Exchange rates
euros per US$1 - 0.9867 (January 2000), 0.9386 (1999);
French francs (F) per US$1 - 5.65 (January 1999), 5.8995 (1998),
5.8367 (1997), 5.1155 (1996), 4.9915 (1995)
Fiscal year
calendar year
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