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1994-05-02
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<text>
<title>
French Guiana (FR): Economy
</title>
<article><hdr>The World Factbook 1993: French Guiana
Economy</hdr><body>
<p>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, with exports of fish and fish products (mostly
shrimp) accounting for more than 60% of total revenue in 1987.
The large reserves of tropical hardwoods, not fully exploited,
support an expanding sawmill industry that provides sawn logs
for export. Cultivation of crops - rice, cassava, bananas, and
sugarcane - is limited to the coastal area, where the population
is largely concentrated. French Guiana is heavily dependent on
imports of food and energy. Unemployment is a serious problem,
particularly among younger workers.
</p>
<p>National product: GDP - exchange rate conversion - $421
million (1986)
</p>
<p>National product real growth rate: NA%
</p>
<p>National product per capita: $4,390 (1986)
</p>
<p>Inflation rate (consumer prices): 4.1% (1987)
</p>
<p>Unemployment rate: 13% (1990)
</p>
<p>Budget: revenues $735 million; expenditures $735 million,
including capital expenditures of $NA (1987)
</p>
<list>
<l>Exports: $64.8 million (f.o.b., 1990)</l>
<l> commodities: shrimp, timber, rum, rosewood essence</l>
<l> partners: France 36%, US 14%, Japan 6% (1990)</l>
<l>Imports: $435 million (c.i.f., 1990)</l>
<l> commodities: food (grains, processed meat), other consumer
goods, producer goods, petroleum</l>
<l> partners: France 62%, Trinidad and Tobago 9%, US 4%, FRG 3%
(1987)</l>
</list>
<p>External debt: $1.2 billion (1988)
</p>
<p>Industrial production: growth rate NA%
</p>
<p>Electricity: 92,000 kW capacity; 185 million kWh produced,
1,450 kWh per capita (1992)
</p>
<p>Industries: construction, shrimp processing, forestry
products, rum, gold mining
</p>
<p>Agriculture: some vegetables for local consumption; rice,
corn, manioc, cocoa, bananas, sugar; livestock - cattle, pigs,
poultry
</p>
<p>Economic aid: Western (non-US) countries, ODA and OOF
bilateral commitments (1970-89), $1.51 billion
</p>
<p>Currency: 1 French franc (F)=100 centimes
</p>
<p>Exchange rates: French francs (F) per US$1 - 5.4812 (January
1993), 5.2938 (1992), 5.6421 (1991), 5.4453 (1990), 6.3801
(1989), 5.9569 (1988)
</p>
<p>Fiscal year: calendar year
</p></body></article></text>