Central America and the Caribbean > Martinique > Economy

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Agriculture > products pineapples, avocados, bananas, flowers, vegetables, sugarcane
Budget > Expenditures	$317,500,000.00		[4th of 165]
Budget > Revenues	$317,500,000.00		[3rd of 166]
Economy > Overview The economy is based on sugarcane, bananas, tourism, and light industry. Agriculture accounts for about 6% of GDP and the small industrial sector for 11%. Sugar production has declined, with most of the sugarcane now used for the production of rum. Banana exports are increasing, going mostly to France. The bulk of meat, vegetable, and grain requirements must be imported, contributing to a chronic trade deficit that requires large annual transfers of aid from France. Tourism, which employs more than 11,000 people, has become more important than agricultural exports as a source of foreign exchange.
Exchange rates euros per US dollar - 0.8054 (2004), 0.886 (2003), 1.0626 (2002), 1.1175 (2001), 1.0854 (2000)
Exports	$404,200,000.00		[140th of 189]
Exports > Commodities refined petroleum products, bananas, rum, pineapples
Exports > Partners France 45%, Guadeloupe 28%
Exports to US	$300,000.00		[191st of 224]
Fiscal year	calendar year
GDP	$6,117,000,000.00		[114th of 203]
GDP (purchasing power parity)	$6,117,000,000.00		[3rd of 187]
GDP > Composition by sector > Agriculture	6%		[3rd of 146]
GDP > Composition by sector > Industry	11%		[4th of 146]
GDP > Composition by sector > Services	83%		[1st of 146]
Imports	$2,307,000,000.00		[93rd of 185]
Imports from US	$6,400,000.00		[156th of 224]
Tourist arrivals by region of origin > Europe	399,083		[66th of 195]
Trade balance with US	$6,100,000.00		[63rd of 224]
Trade with US > US exports of textile, sewing machines	11		[147th of 183]

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