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    French Guiana Economy - 1991

      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--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.

      GDP: $186 million, per capita $2,240; real growth rate NA% (1985)

      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: $54.0 million (f.o.b., 1987); commodities--shrimp, timber, rum, rosewood essence; partners--France 31%, US 22%, Japan 10% (1987)

      Imports: $394.0 million (c.i.f., 1987); commodities--food (grains, processed meat), other consumer goods, producer goods, petroleum; partners--France 62%, Trinidad and Tobago 9%, US 4%, FRG 3% (1987)

      External debt: $1.2 billion (1988)

      Industrial production: growth rate NA%

      Electricity: 92,000 kW capacity; 185 million kWh produced, 1,890 kWh per capita (1990)

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

      Agriculture: some vegetables for local consumption; rice, corn, manioc, cocoa, bananas, sugar; livestock--cattle, pigs, poultry

      Economic aid: Western (non-US) countries, ODA and OOF bilateral commitments (1970-87), $1.25 billion

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

      Exchange rates: French francs (F) per US$1--5.1307 (January 1991), 5.4453 (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 1991 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of French Guiana Economy 1991 information contained here. All suggestions for corrections of any errors about French Guiana Economy 1991 should be addressed to the CIA.

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    Revised 08-Feb-03
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