Economy of Martinique

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.

Budget: revenues: $900 million expenditures: $2.5 billion, including capital expenditures of $140 million (1996) Industries: construction, rum, cement, petroleum refining, sugar, tourism Industrial production growth rate:

Electricity - exports: 0 kWh (1998) Electricity - imports: 0 kWh (1998) Agricultural products: pineapples, avocados, bananas, flowers, vegetables, sugarcane Exports: US$957 million (in 2005)[1] Exports - commodities: refined petroleum products, bananas, rum, pineapples Exports - partners: Mainland France 45%, Guadeloupe 28% (1997) Imports: US$3,098 billion (in 2005)[1] Imports - commodities: petroleum products, crude oil, foodstuffs, construction materials, vehicles, clothing and other consumer goods Imports - partners: Mainland France 62%, Venezuela 6%, Germany 4%, Italy 4%, US 3% (1997) Debt - external: $180 million (1994) Economic aid - recipient: Martinique receives substantial annual aid from the French state.

Currency 1 euro (€) = 100 cents Exchange rates: euros per US$1 – 0.9867 (January 2000), 0.9386 (1999); French francs (F) per US$1 – 5.65 (January 1999), 5.8995 (1998), 5.8367 (1997), 5.1155 (1996), 4.9915 (1995) Fiscal year: calendar year ^These three form the SSS islands that with the ABC islands comprise the Dutch Caribbean, of which *the BES islands are not direct Kingdom constituents but subsumed with the country of the Netherlands.