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    French Guiana Economy - 1990

      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 about two-thirds of total revenue in 1985. 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--are 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, with an unemployment rate of 15%.

      GDP: $210 million, per capita $3,230; real growth rate NA% (1982)

      Inflation rate (consumer prices): 4.1% (1987)

      Unemployment rate: 15% (1987)

      Budget: revenues $735 million; expenditures $735 million, including capital expenditures of NA (1987)

      Exports: $37.0 million (f.o.b., 1986); commodities--shrimp, timber, rum, rosewood essence; partners--US 41%, Japan 18%, France 9% (1984)

      Imports: $297.7 million (c.i.f., 1986); commodities--food (grains, processed meat), other consumer goods, producer goods, petroleum; partners--France 55%, Trinidad and Tobago 13%, US 3% (1984)

      External debt: $1.2 billion (1988)

      Industrial production: growth rate NA%

      Electricity: 92,000 kW capacity; 185 million kWh produced, 1,950 kWh per capita (1989)

      Industries: construction, shrimp processing, forestry products, rum, gold mining

      Agriculture: some vegetables for local consumption; rice, corn, manioc, cocoa, bananas, sugar

      Aid: Western (non-US) countries, ODA and OOF bilateral commitments (1970-87), $1.1 billion

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

      Exchange rates: French francs (F) per US$1--5.7598 (January 1990), 6.3801 (1989), 5.9569 (1988), 6.0107 (1987), 6.9261 (1986), 8.9852 (1985)

      Fiscal year: calendar year

      NOTE: The information regarding French Guiana on this page is re-published from the 1990 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of French Guiana Economy 1990 information contained here. All suggestions for corrections of any errors about French Guiana Economy 1990 should be addressed to the CIA.

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