Overview of French Guiana’s
Economy
October 3,
3 2014
French Guiana Agency
Central Bank of French overseas departments
Central Bank missions acting on behalf of the central Bank of France
 Put
P t euro b
banknotes
k t and
d coins
i into
i t circulation
i l ti and
d ensuring
i their
th i maintenance
i t
 Relay of national and European banking Authorities
Fulfill Public service missions on behalf of the French State
g and uttering
g moneyy in the economyy
 Making
 List and manage households’ debt Burden issues and inform the public
General interest services
 Economic, financial observatories of companies and over-indebtedness
 Banking
B ki fees
f
observatory
b
t
Web site of IEDOM : www.iedom.fr
French Guiana Agency
Guyexpo 2014
p- 2
Geographical framework
Area of 83 846 km²
0,5 % of the continent’s area but 16 % of
France area
y
Surrounded by
-Atlantic ocean (320 km),
-Surinam (520 km)
-Brazil
Brazil on the south and east boarder ( 580
km)
94 % covered by Amazon Forest
French Guiana Agency
Guyexpo 2014
p- 3
A regional environment with strong economic
growth
GDP growth rate at constant prices
10%
8%
6%
4%
2%
0%
-2%
-4%
2002
2003
2004
2005
2006
2007
2008
French Guiana
2009
2010
2011
2012
2013
Guyana
Source: World Economic Outlouk, April 2014, final accounts and Cerom estimates
French Guiana Agency
Guyexpo 2014
p- 4
A moderate inflation
Annual variation of the consumer prices index
15%
14%
13%
12%
11%
10%
9%
8%
7%
6%
5%
4%
3%
2%
1%
0%
-1%
1995
1996
1997
1998
1999
Source : Bureau of statistics of Guyana, Insee
French Guiana Agency
2000
2001
2002
2003
Guyana
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
Guyane
Guyexpo 2014
p- 5
A rich region within its regional environment
GDP per capita - area of South America - Caribbean in 2012
(based on purchasing-power-parity, $)
Trinidad & Tobago
20 087
French Guiana
(estimations)
15 153
Venezuela
13 615
Brazil
11 875
Surinam
12 398
Guyana
7 939
1 242
Haïti
0
2 000
4 000
6 000
8 000
10 000
12 000
14 000
16 000
18 000
20 000
$
Source : IMF (World Economic Outlook Database, Octobre 2013 PPA), IEDOM estimates with the exchange rate of IMF euros dollars PPA (0,902)
French Guiana Agency
Guyexpo 2014
p- 6
A rich region within its regional environment
Human developpement index 2012
France
0,893
Guadeloupe (2010)
0,822
Chili
0,819
Martinique (2010)
0,814
Trinidad & Tobago
0,76
French Guiana (2010)
0,74
Latin America and Caribbean
average
0,74
Brazil
0,73
Surinam
0,684
Guyana
0,636
Haiti
0,456
0,4
0,6
0,8
Source : AFD, CEROM estimates, INSEE, PNUD
French Guiana Agency
Guyexpo 2014
p- 7
A population characterized by its youthful
Demographic indicators
Population 2013
Share of those below 20 years olds
Projections 2030
Birth rate
y
Mortality rate
Average annual growth of the population French Guiana
French
Guiana
Guyana
Guyana 250 109 746 880
45%
n.d
424 000 910 000
28,2‰
21‰
3,2‰
,
7‰
3,1%
‐2,7%
Source : World Bank (Guyana), United Nations (Guyana), Insee
French Guiana Agency
Guyexpo 2014
p- 8
An economy with a lack of jobs and skilled labour
force
Compared unemployment rate (according to the ILO definition)
22,0%
21 5%
21,5%
21,0%
,
21,7%
21,3%
20,5%
20,0%
French Guiana (2013)
French Guiana (2013)
Guyana (2013)
Guyana (2013)
Source : Insee, World Bank
French Guiana Agency
Guyexpo 2014
p- 9
An economy focused on services
80%
70%
60%
%
50%
40%
French Guiana
30%
Guyana
20%
10%
0%
A i lt
Agriculture
I d t
Industry
S
Services
i
Allocation/division of added value by sectors
Agriculture
Industry
including : construction
including : construction
Services
including : retail
French Guiana Agency
Guyana (2013)
y
(
) French Guiana (2007)
(
)
21%
4%
39%
20%
n.d.
9%
41%
76%
n.d.
9%
Guyexpo 2014
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An industry supported by the space sector
90%
80%
70%
60%
50%
Guyana (2002)
40%
French Guiana
30%
20%
10%
0%
Agriculture Industry
Services
Allocation of employment by sector
Guyana (2002)
21%
Agriculture
25%
Industry
7%
including : construction
51%
Services
30%
including : retail
3%
nd
Sources : International Labor Organization (Guyana), Insee
French Guiana Agency
Guyexpo 2014
French Guiana (2013)
1%
15%
8%
84%
8%
p- 11
A strong growing domestic market
Population, number of firms and sector division
Transports, services divers Commerce Adm pub, enseig, santé, action soc
38,1%
24,9%
7,1%
41,5%
24,8%
8,6%
44 6%
44,6%
23 0%
23,0%
9 9%
9,9%
424 000 hab en 2030
Public administration, d
i
education, healthcare, social activities 7,1%
Industry 11,2%
Retail 24,9%
Construction 18,8%
239 000 hab
239 450
Transportation, other services 38,1%
10 372 firms
Number of firms in 2011
P
Population in 2012
l ti i 2012
Industry
Construction
Transportation, other services Retail
Public administration, education, healthcare, social activities
Population in 2030
Source : Insee, buisiness register, pop. Census, population projections (median scenario, 2007)
*All market activities excluding agriculture French Guiana Agency
Guyexpo 2014
12
Dynamic sectors
Sectoral indicators in 2013
Number of rocket launches N
b f k tl
h
7 launches
l
h
Number of launched satellites
14 satellites
p
1,3
, tonne
Gold exports Cement sales 92 130 tonnes
Number of authorized housing
1 915 housing Rum production d i
2 626 hectolitres of pure alchohol
h
li
f
l h h l
Shrimps grips
682 tonnes
Fish grips
Fish grips
1 496
1 496 tonnes
Swine and cattle slaugthers
771 tonnes
Port traffic
653 941 tonnes
Air traffic
437 599 passengers
Sources : Arianespace, CCIRG, Ciments guyanais, Daaf , Customs, Ifremer, Sitadel French Guiana Agency
Guyexpo 2014
p- 13
Main indicators
Economic and financial indicators in 2013
IImports of goods
f
d
Exports of goods
Trade balance
Trade balance GDP in current euros
Electricity consumption
Total appropriations
Number of bank accounts per capita
Sources : Customs, EDF, IEDOM, Insee
French Guiana Agency
1 589
1 589 million euros illi
292 million euros ‐11 296
296 million euros million euros
3,9 billion euros
3 499 kW/capita/year
2 634 million euros 1,4 bank account per capita
Guyexpo 2014
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Metropolitan France: First trading partner
M€
Main suppliers of French Guiana
500
450
400
350
300
250
200
150
100
50
0
France*
French West Indies
1993
European union
2003
Other European
countries
2009
2010
Trinidad
2011
Latin
America/Caribbean**
2012
As ia
Rest of the World
2013
Source : Customs
* whole France except french overseas departements in America ** except french overseas departements in America and Trinidad
Imports : 1 589 M€
French Guiana Agency
Guyexpo 2014
p- 15
Metropolitan France: Second trading partner
Main customers of French Guiana
M€
140
120
100
80
60
40
20
0
France*
French West Indies
1993
2003
European Union
2009
2010
Other European
countries
2011
2012
Latin America/Caribbean
**
Rest of the world
2013
Source : Customs
* whole France except french overseas departments in America ** except french overseas departments in America and Trinidad
Exports : 292 M€
French Guiana Agency
Guyexpo 2014
p- 16
18%
292 M€€
Imports
1 589 M€€
Subdued trade with the neighboring countries
Exports
0,0 M€
French
Guiana
Guyana
0,1 M€
Source : Customs French Guiana Agency
Guyexpo 2014
75%
1 0035 M€
18% Trade coverage rate(Exports/Imports)
Exports
Imports
1 389 M€
‐Foodstuffs
‐Fishings boats ‐Machine p- 17
The exchanges of Guyana
m $ (USD)
2500
2000
1500
1000
500
0
2007
2008
2009
2010
Exports of goods (f.o.b)
2011
2012
2013
Imports of goods (c.i.f)
Source : Bank of Guyana
Foreign trade of Guyana in 2013
Foreign trade of Guyana in 2013
Imports of goods
1 847 million dollars
Exports of goods
1 376 million dollars
Trade balance
‐471 million dollars
Source : Bank of Guyana, IEDOM calculations
French Guiana Agency
Guyexpo 2014
1 389 million euros
1 035 million euros
‐354 million euros
p- 18
Banking system organization in French Guiana
• 15 credit institutions locally based
• 45 permanent Bank branches
• 128 ATMs
• 2 466 electronic payment terminals in stores and shops
• 1,4 Bank account per inhabitant
• 1,09
1 09 payment cards per inhabitant
French Guiana Agency
Guyexpo 2014
p- 19
Evolution of economic actors’ financial investments
Evolution of Financial Assets
In millions €uros
1 700
20%
1 600
15%
1 500
10%
0%
1 400
5%
1 300
0%
1 200
1 100
-5%
1 000
-10%
juin-10
déc.-10
juin-11
déc.-11
juin-12
déc.-12
Quarter to Quarter
juin-13
déc.-13
juin-14
Amount
Source : Iedom
French Guiana Agency
Guyexpo 2014
p- 20
Evolution of economic funding
Evolution of outstanding Bank credit
In millions €uros
6%
2 900
5%
2 700
4%
2 500
2 300
3%
2 100
2%
1 900
1%
1 700
0%
1 500
-1%
juin-10
déc.-10
juin-11
déc.-11
juin-12
déc.-12
Quarter to Quarter
juin-13
Guyexpo 2014
juin-14
Amount
Healthy credit lending (excluding non performing loans ) ECIL + ECNIL
ECIL (ECNIL) : Credit institution (not) based locally
French Guiana Agency
déc.-13
Source : Iedom
p- 21
Evolution of economic funding
Outstanding loans of the private sector (in M€)
2 500 M€
2 250 M€
2 000 M€
1 750 M€
1 500 M€
1 250 M€
1 000 M€
750 M€
500 M€
250 M€
250 M€
0 M€
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
F
French Guiana
hG i
G
Guyana
Source: IEDOM, Bank of Guyana
Exchange
g rate EUR/GYD
/
and EUR/USD
/
at 31/12/200N
/ /
French Guiana Agency
Guyexpo 2014
p- 22
Evolution of economic funding
Total outstanding loans in the Economy (in M€)
3 000 M€
2 500 M€
2 000 M€
1 500 M€
1 000 M€
500 M€
500 M€
0 M€
2006
2007
2008
2009
2010
French Guiana
2011
2012
2013
Guyana
Source: IEDOM, Bank of Guyana
Exchange
g rate EUR/GYD
/
and EUR/USD
/
at 31/12/200N
/ /
French Guiana Agency
Guyexpo 2014
p- 23
Evolution of Saving
Global deposit amount (in Millions €uros)
1 800 M€
1 800 M€
1 600 M€
1 400 M€
1 200 M€
1 000 M€
800 M€
600 M€
400 M€
200 M€
200 M€
0 M€
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
French Guiana
Guyana
Source: IEDOM
French Guiana Agency
Guyexpo 2014
p- 24
Evolution counterparty risks
Global doubtful loans and provisioning rate
14%
80%
12%
70%
60%
10%
50%
8%
40%
6%
30%
4%
20%
2%
10%
0%
0%
Doubtful loans rate
Provisioning rate (right scale)
Source: IEDOM
French Guiana Agency
Guyexpo 2014
p- 25
More informations about French Guiana ‘s economy
http://www.iedom.fr/guyane/
French Guiana Agency
http://www.cerom-outremer.fr/guyane/
Guyexpo 2014
p- 26
A synthetic overview of French Guiana in
several languages
g g
htt //
http://www.iedom.fr/guyane/
i d
f/
/
French Guiana Agency
Guyexpo 2014
p- 27
Economic dashbord of French Guiana in several
languages
http://www.cerom-outremer.fr/guyane/
Agence de Guyane
Guyexpo 2014
p- 28
Thank you for your attention
www.iedom.fr
i d
f
www.cerom outremer.fr
www.cerom-outremer.fr
French Guiana Agency
Guyexpo 2014
p- 29