ered in the red band toward the hoist side; the flag of
France is used for official occasions

Economy

Economy - overview: The economy depends on agriculture, tourism, light
industry, and services. It is also dependent upon France for large
subsidies and imports. 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,
although 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: purchasing power parity - $3.7 billion (1995 est.)

GDP - real growth rate: NA%

GDP - per capita: purchasing power parity - $9,200 (1995 est.)

GDP - composition by sector:
agriculture: 6%
industry: 9%
services: 85% (1993 est.)

Inflation rate - consumer price index: 3.7% (1990)

Labor force:
total: 128,000
by occupation: agriculture 15%, industry 20%, services 65% (1993)

Unemployment rate: 31.3% (1995)

Budget:
revenues: $300 million
expenditures: $460 million, including capital expenditures of $90
million (1995)

Industries: construction, cement, rum, sugar, tourism

Industrial production growth rate: NA%

Electricity - capacity: NA kW

Electricity - production: 950 million kWh (1994)

Electricity - consumption per capita: NA kWh

Agriculture - products: bananas, sugarcane, tropical fruits and
vegetables; cattle, pigs, goats

Exports:
total value: $145 million (f.o.b., 1994)
commodities : bananas, sugar, rum
partners: France 70%, Martinique 17% (1991)

Imports:
total value: $1.6 billion (c.i.f., 1994)
commodities: foodstuffs, fuels, vehicles, clothing and other consumer
goods, construction materials
partners : France 60%, EC, US, Japan (1991)

Debt - external: $NA

Economic aid:
recipient : ODA, $NA
note: substantial annual French subsidies

Currency: 1 French franc (F) = 100 centimes

Exchange rates: French francs (F) per US$1 - 5.4169 (January 1997),
5.1155(1996), 4.9915 (1995), 5.5520 (1994), 5.6632 (1993), 5.2938
(1992)

Fiscal year: calendar year

@Guadeloupe:Communications

Telephones: 64,