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Guadeloupe Economy
 
 
 

General

In 2006 the GDP per capita of Guadeloupe at market exchange rates, not at PPP, was €17,338 ($21,780). The economy of Guadeloupe depends on tourism, agriculture, light industry and services. But it especially depends on France for large subsidies and imports.

Tourism is a key industry, with 83.3% of tourists visiting from metropolitan France, 10.8% coming from the rest of Europe, 3.4% coming from the United States, 1.5% coming from Canada, 0.4% coming from South America and 0.6% coming from the rest of the world. An increasingly large number of cruise ships visit the islands.

Agriculture constituted 6% of GDP and employed 15% of the work-force in 1997, which equaled approximately 120,000. The traditional sugar cane crop is slowly being replaced by other crops, such as bananas (which now supply about 50% of export earnings), eggplant, guinnep, noni, sapotilla, paroka, pikinga, giraumon squash, yam, gourd, plantain, christophine, monbin, prunecafé, cocoa, jackfruit, pomegranate, and many varieties of 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, solar energy, and many industrial productions. Most manufactured goods and fuel are imported. Unemployment is especially high among the youth. Hurricanes periodically devastate the economy.

The country code top-level domain (ccTLD) for Guadeloupe is ".gp".

Overview

Economy - overview :
Guadeloupe's 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) :
$3.513 billion (2003 est.)

GDP - real growth rate :
NA%

GDP - per capita :
purchasing power parity - $7,900 (2003 est.)

GDP - composition by sector :
agriculture: 15%
industry: 17%
services: 68% (2002 est.)

Labour force :
125,900 (1997)

Labour force - by occupation :
agriculture: 15%
industry: 20%
services: 65% (2002)

Unemployment rate :
27.8% (1998)

Population below poverty line :
NA%

Household income or consumption by percentage share :
lowest 10%: NA%
highest 10%: NA%

Inflation rate (consumer prices) :
NA%

Budget :
revenues: $296.3 million
expenditures: $296.3 million; including capital expenditures of $112.5 million (2002)

Agriculture - products :
bananas, sugarcane, tropical fruits and vegetables; cattle, pigs, goats

Industries :
construction, cement, rum, sugar, tourism

Industrial production growth rate :
NA%

Electricity - production :
1.165 billion kWh (2003)

Electricity - production by source :
fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (2001)

Electricity - consumption :
1.084 billion kWh (2003)

Electricity - exports :
0 kWh (2003)

Electricity - imports :
0 kWh (2003)

Oil - production :
0 bbl/day (2003 est.)

Oil - consumption :
13,000 bbl/day (2003 est.)

Oil - exports :
NA bbl/day

Oil - imports :
NA bbl/day

Natural gas - production :
0 cu m (2003 est.)

Natural gas - consumption :
0 cu m (2003 est.)

Exports :
$147.8 million f.o.b. (2002)

Exports - commodities :
bananas, sugar, rum, melons, spring water

Exports - partners :
France 60%, Martinique 18%, US 4% (2004)

Imports :
$1.766 billion c.i.f. (2002)

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% (2004)

Debt - external :
$NA

Economic aid - recipient :
$NA; note - substantial annual French subsidies (2004)

Currency (code) :
euro (EUR)

Exchange rates :
euros per US dollar - 0.8041 (2005), 0.8054 (2004), 0.886 (2003), 1.0626 (2002), 1.1175 j(2001)

Fiscal year :
calendar year

 

 
 

 



 


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