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Martinque


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Backgound Notes Geography History

Government Business Law Commercial Guide

Treaties Labor Law Environmental Law

Banking & Finance Visas & Immigration Foreign Investment

Intellectual Property Taxes General Economic Info

Tourism Legal System General Information

Importing & Exporting Marketing


Background Notes For Martinque

    (overseas department of France)

  • Location:
    Caribbean, island in the Caribbean Sea, north of Trinidad and Tobago

  • Map references:
    Central America and the Caribbean

  • Area:

      total area:
      1,100 sq km

      land area:
      1,060 sq km

      comparative area:
      slightly more than six times the size of Washington, DC

  • Land boundaries:
    0 km

  • Coastline:
    290 km

  • Maritime claims:

      exclusive economic zone:
      200 nm

      territorial sea:
      12 nm

  • International disputes:
    none

  • Climate:
    tropical; moderated by trade winds; rainy season (June to October)

  • Terrain:
    mountainous with indented coastline; dormant volcano

  • Natural resources:
    coastal scenery and beaches, cultivable land

  • Land use:

      arable land:
      10%

      permanent crops:
      8%

      meadows and pastures:
      30%

      forest and woodland:
      26%

      other:
      26%

  • Irrigated land:
    60 sq km (1989 est.)

  • Environment:

      current issues:
      NA

      natural hazards:
      hurricanes, flooding, and volcanic activity (an average of one major natural disaster every five years)


Martinque History

No information in file.


Martinque Government

No information in file.


Martinque Business Law

No information in file.


Commercial Guide of Martinque

No information in file.


Treaties to which Martinque is a Member

Not Applicable.


Martinque Labor Law

No information in file.


Martinque Environmental Law

No information in file.


Martinque's Banking and Finance System

No information in file.


Martinque Visas and Immigration

No information in file.


Martinque's Foreign Investment Law

No information in file.


Intellectual Property Rights In Martinque

No information in file.


Martinque Taxes

No information in file.


General Economic Information of Martinque

  • 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)

  • Unemployment rate:
    32.1% (1990)

  • Budget:

      revenues:
      $610 million

      expenditures:
      $1.3 billion, including capital expenditures of $NA (1991)

  • Exports:
    $247 million (f.o.b., 1992)

      commodities:
      refined petroleum products, bananas, rum, pineapples

      partners:
      France 57%, Guadeloupe 31%, French Guiana (1991)

  • Imports:
    $1.75 billion (c.i.f., 1992)

      commodities:
      petroleum products, crude oil, foodstuffs, construction materials, vehicles, clothing and other consumer goods

      partners:
      France 62%, UK, Italy, Germany, Japan, US (1991)

  • External debt:
    $NA

  • Industrial production:
    growth rate NA%

  • Electricity:

      capacity:
      113,100 kW

      production:
      700 million kWh

      consumption per capita:
      1,677 kWh (1993)

  • Industries:
    construction, rum, cement, oil refining, sugar, tourism

  • Agriculture:
    including fishing and forestry, accounts for about 10% of GDP; principal crops - pineapples, avocados, bananas, flowers, vegetables, sugarcane for rum; dependent on imported food, particularly meat and vegetables

  • Illicit drugs:
    transshipment point for cocaine and marijuana bound for the US and Europe

  • Economic aid:

      recipient:
      Western (non-US) countries, ODA and OOF bilateral commitments (1970-89), $10.1 billion

  • Currency:
    1 French franc (F) = 100 centimes

  • Exchange rates:
    French francs (F) per US$1 - 5.2943 (January 1995), 5.5520 (1994), 5.6632 (1993), 5.2938 (1992), 5.6421 (1991), 5.4453 (1990)

Martinque Socio-Economic Data from the Inter-American Development Bank. This is the source for all the hard economic data you need. The particular country page is slow loading, but well worth the wait for you economic gurus.


Martinque Tourism

Martinique Promotion Bureau


Martinque's Legal System

No information in file.


General Information

Martinque - Consular Info Sheet

Living languages of Martinque So, you think that French is the only language spoken in Martinque? Well, check this out!


Importing and Exporting

TradePort's online tutorial on importing and exporting.

Reducing the Risk of Trade Disputes for Exporters

U.S. Harmonized Tarrif Schedule


Marketing

International Trade Association (U.S. Dept. of Commerce dedicated to helping U.S. businesses compete in the global marketplace.


Backgound Notes Geography History

Government Business Law Commercial Guide

Treaties Labor Law Environmental Law

Banking & Finance Visas & Immigration Foreign Investment

Intellectual Property Taxes General Economic Info

Tourism Legal System General Information

Importing & Exporting Marketing



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