Member of: FZ, WCL, WFTU
Diplomatic representation in US: none (overseas department of France)
US diplomatic representation: the post closed in August 1993 (overseas department of France)
Flag: the flag of France is used
@Martinique:Economy
Overview: The economy is based on sugarcane, bananas, tourism, and light industry. Agriculture accounts for about 10% of GDP and the small industrial sector for 10%. 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. Banana workers launched protests late in 1992 because of falling banana prices and fears of greater competition in the European market from other producers.
National product: GDP - purchasing power parity - $3.9 billion (1993 est.)
National product real growth rate: NA%
National product per capita: $10,000 (1993 est.)
Inflation rate (consumer prices): 3.9% (1990)