esentation in the US: none (overseas department of
France)

Diplomatic representation from the US: none (overseas department of
France)

Flag description: a light blue background is divided into four
quadrants by a white cross; in the center of each rectangle is a
white snake; the flag of France is used for official occasions

Martinique Economy

Economy - overview: The economy is based on sugarcane, bananas,
tourism, and light industry. Agriculture accounts for about 6% of
GDP and the small industrial sector for 11%. Sugar production has
declined, with most of the sugarcane now used for the production of
rum. Banana exports are increasing, going mostly to France. The bulk
of meat, vegetable, and grain requirements must be imported,
contributing to a chronic trade deficit that requires large annual
transfers of aid from France. Tourism has become more important than
agricultural exports as a source of foreign exchange. The majority
of the work force is employed in the service sector and in
administration.

GDP: purchasing power parity - $4.39 billion (1997 est.)

GDP - real growth rate: NA%

GDP - per capita: purchasing power parity - $11,000 (1997 est.)

GDP - composition by sector: agriculture: 6%

industry: 11%

services: 83% (1997 est.)

Population below poverty line: NA%

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

highest 10%: NA%

Inflation rate (consumer prices): 3.9% (1990)

Labor force: 170,000 (1997)

Labor force - by occupation: agriculture 10%, industry 17%, services
73% (1997)

Unemployment rate: 27.2% (1998)

Budget: revenues: $900 million

expenditures: $2.5 billion, including capital expenditures of $140
million (1996)

Industries: construction, rum, cement, oil refining, sugar, tourism

Industrial production growth rate: NA%

Electricity - production: 1.1 billion kWh (1999)

Electricity - production by source: fossil fuel: 100%

hydro: 0%

nuclear: 0%

other: 0% (1999)

Electricity - consumption: 1.023 billion kWh (1999)

Electricity - exports: 0 kWh (1999)

Electricity - imports: 0 kWh (1999)

Agriculture - products: pineapples, avocados, bananas, flowers,
vegetables, sugarcane

Exports: $250 million (f.o.b., 1997)

Exports - commodities: refined petroleum products, bananas, rum,
pineapples

Exports - partners: France 45%, Guadeloupe 28% (1997)

Imports: $2 billion (c.i.f., 1997)

Imports - commodities: petr