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 - $3.8 billion (1993 est.)
National product real growth rate:
National product per capita:
Inflation rate (consumer prices):
$671 million, including capital expenditures of $NA (1989)
$130 million (f.o.b., 1992)
France 70%, Martinique 17% (1991)
$1.5 billion (c.i.f., 1992)
foodstuffs, fuels, vehicles, clothing and other consumer goods, construction
France 60%, EC, US, Japan (1991)
construction, cement, rum, sugar, tourism
cash crops - bananas, sugarcane; other products include tropical fruits and
vegetables; livestock - cattle, pigs, goats; not self-sufficient in food
US commitments, including Ex-Im (FY70-88), $4 million; Western (non-US)
countries, ODA and OOF bilateral commitments (1970-89), $8.235 billion
1 French franc (F) = 100 centimes
French francs (F) per US$1 - 5.9243 (January 1995), 5.5520 (1994), 5.6632
(1993), 5.2938 (1992), 5.6421 (1991), 5.4453 (1990)