Economy of French Guiana

French Guiana is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. As a developing nation, French Guiana may not be able to offer consistent social services to its citizens. These social services may include things like public education, reliable healthcare, and law enforcement. Citizens of developing nations may have lower life expectancies than citizens of developed nations. Each year, French Guiana exports around $0.155 billion and imports roughly $0.155 billion. 9.8% of population in the country are unemployed. The total number of unemployed people in French Guiana is 28,397. In French Guiana, 26.5% of the population lives below the poverty line. The percentage of citizens living below the poverty line in French Guiana is fairly high, but is not reason for complete concern with regard to investments. Potential financial backers should look at other economic markers, including GDP, urbanization rate, and strength of currency, before making any decisions regarding investments. The Gini Index of the country is 39.97. French Guiana is experiencing good equality. The majority of citizens in French Guiana fall within a narrow range of income, although some cases may show significant differences.

Currency

The currency of French Guiana is euro. There are several plural forms of the name 'euro'. These are euro, euros. The symbol used for this currency is €, and it is abbreviated as EUR. The euro is divided into Cent; there are 100 in one euro.

Credit rating

Credit rating is the extent to which international investors trust a country in paying debts and upholding the country's obligations in terms of crediting. There is no information on the credit rating of French Guiana.

Central bank

In French Guiana, the institution that manages the state's currency, money supply, and interest rates is called European Central Bank.

Public debt

French Guiana has a government debt of 3.7% of the country's Gross Domestic Product (GDP), as assessed in 2010.

Tax information

VAT in French Guiana is 0%.

Finances

The total Gross Domestic Product (GDP) in French Guiana is 5 billion. Based on this statistic, French Guiana is considered to have a small economy. Countries with small economies generally support less industries and opportunities for investment. However, worthwhile investment opportunities may be found. The Gross Domestic Product (GDP) per capita in French Guiana was last recorded at $0 million. The average citizen in French Guiana has very low wealth. Countries with very low wealth per capita often have lower life expectancies and dramatically lower quality of living among citizens. It can be very difficult to find highly skilled workers in countries with very low wealth, as it is difficult for citizens to obtain the requisite education needed for specialized industries. However, labor can be found for very low rates when compared with countries with higher wealth per capita. GDP Annual Growth Rate in French Guiana averaged 6.4% in 2014. According to this percentage, French Guiana is currently experiencing significant growth. Countries that are experiencing significant growth offer the best chance for a substantial return on investment, as GDP growth rate is the most important indicator of economic health. As GDP grows, business, jobs, and personal income grow as well. To read more about financial information click on finances of French Guiana.

Industry

The total labor force of French Guiana is 62,630 people, wherein 9.8% of population in the country are unemployed. The total number of unemployed people in French Guiana is 28,397. To read more about industrial information within French Guiana click on industry of French Guiana.

Agriculture

To read more about agriculture click on agriculture of French Guiana.