on Circle;
League of Workers and Peasants; Proletarian Action Group or GAP

International organization participation:
UPU, WCL, WFTU

Diplomatic representation 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

Economy Martinique

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, which employs more than 11,000 people, has become
more important than agricultural exports as a source of foreign
exchange.

GDP:
purchasing power parity - $6.117 billion (2003 est.)

GDP - real growth rate:
NA

GDP - per capita:
purchasing power parity - $14,400 (2001 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:
165,900 (1998)

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)

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

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

Industrial production growth rate:
NA

Electricity - production:
1.151 billion kWh (2001)

Electricity - consumption:
1.07 billion kWh (2001)

Electricity - exports:
0 kWh (2001)

Electricity - imports:
0 kWh (2001)

Oil - production:
0 bbl/day (2001 est.)

Oil - consumption:
13,500 bbl/day (2001 est.)

Oil - exports:
NA (2001)

Oil - imports:
NA (2001)

Exports: