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Martinique

Introduction to Martinique

Colonized by France in 1635, the island has subsequently remained a French possession except for three brief periods of foreign occupation.

Government

Capital:

Fort-de-France 

National holiday:

Bastille Day, 14 July (1789) 

Economy

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 - composition by sector:

agriculture: 6%
industry: 11%
services: 83% (1997 est.)

Agriculture products:

pineapples, avocados, bananas, flowers, vegetables, sugarcane 

Industries:

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

Transportation

Highways:

total: 2,105 km
paved: NA km
unpaved: NA km (2000)

Ports and harbors:

Fort-de-France, La Trinite

Airports:

2 (2003 est.)

 

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