Martinique is both a region and a French Overseas Department. It is a French department of America and Ultra Peripheral Region (UPR). Martinique is located in the Caribbean archipelago between Dominica to the north and Saint Lucia to the south. It is bordered by the Atlantic Ocean to the east and the Caribbean Sea to the west. Martinique is 6900 km from Paris, 3150km from New York, 2000km from Miami, 1500km from French Guyana and 200km from Guadeloupe.
The economyThe management of money, currency and trade of a nation. The... of Martinique is based on the tradeThe buying and selling or exchange of goods and services. Th... of things that are worthless to exchange them for more valuable objects. 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 tradeThe buying and selling or exchange of goods and services. Th... 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.
Important Details
- Country ISO3 : MTQ
- Country Code : 474
- Income Group : Others
- Lending Category : NA
- Region : overseas region of France
- Currency Unit: euro (€)
- WTO Member : No
- TradeThe buying and selling or exchange of goods and services. Th... organisations : NA
- world rank : NA
- Regional Ranking : NA