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    Guadeloupe Economy - 1989

      Overview: The economy depends on agriculture, tourism, light industry, and services. It is also dependent upon France for large subsidies and income and social transfers. Tourism is a key industry, with most tourists from the US. In addition, an increasingly large number of cruise ships visit the islands. The traditionally important 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, though Guadeloupe is still dependent on imported food, which comes mainly from France. Light industry consists mostly of sugar and rum production. Most manufactured goods and fuel are imported. Unemployment is especially high among the young.

      GDP: $998 million, per capita $3,630 (1984); real growth rate 15.7% (1979-80 annual average)

      Inflation rate (consumer prices): 2.8% (1986)

      Unemployment rate: 25% (1983)

      Budget: revenues $380.5 million; expenditures NA, including capital expenditures of NA (1985)

      Exports: $75 million (f.o.b., 1985); @m5commodities--bananas, sugar, rum; @m5partners--France 72%, Martinique 16% (1984)

      Imports: $647 million (c.i.f., 1985); @m5commodities--vehicles, foodstuffs, clothing and other consumer goods, construction materials, petroleum products; @m5partners--France 59%, (1984)

      External debt: $NA

      Industrial production: growth rate NA%

      Electricity: 103,000 kW capacity; 315 million kWh produced, 930 kWh per capita (1988)

      Industries: construction, cement, rum, sugar, tourism

      Agriculture: sugarcane, bananas, pineapples, vegetables

      Aid: Western (non-US) countries, ODA and OOF bilateral commitments (1970-79), $2.4 billion

      Currency: French franc (plural--francs); 1 French franc (F) = 100 centimes

      Exchange rates: French francs (F) per US$1--6.2503 (January 1989), 5.9569 (1988), 6.0107 (1987), 6.9261 (1986), 8.9852 (1985)

      Fiscal year: calendar year

      NOTE: The information regarding Guadeloupe on this page is re-published from the 1989 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Guadeloupe Economy 1989 information contained here. All suggestions for corrections of any errors about Guadeloupe Economy 1989 should be addressed to the CIA.

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    Revised 15-Apr-03
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