French Guiana Agency - iedom.fr · Overview of French Guiana’s Economy October 3October 3, 2014 French Guiana Agency

Overview of French Guiana’s Economy

October 3 2014October 3, 2014

French Guiana Agency

Central Bank of French overseas departments

Central Bank missions acting on behalf of the central Bank of France

P t b k t d i i t i l ti d i th i i t Put euro banknotes and coins into circulation and ensuring their maintenance Relay of national and European banking Authorities

Fulfill Public service missions on behalf of the French State

Making and uttering money in the economy g g y y List and manage households’ debt Burden issues and inform the public

General interest servicesGeneral interest services

Economic, financial observatories of companies and over-indebtednessB ki f b t Banking fees observatory

Web site of IEDOM : www.iedom.fr

Guyexpo 2014French Guiana Agency p- 2

Geographical framework

Area of 83 846 km²Area of 83 846 km²

0,5 % of the continent’s area but 16 % of FFrance area

Surrounded by y-Atlantic ocean (320 km),-Surinam (520 km) -Brazil on the south and east boarder ( 580Brazil on the south and east boarder ( 580 km)

94 % covered by Amazon Forest94 % covered by Amazon Forest


A regional environment with strong economic growth

10%

GDP growth rate at constant prices

8%

10%

4%

6%

0%

2%

-2%

0%

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

-4%French Guiana Guyana

Source: World Economic Outlouk, April 2014, final accounts and Cerom estimates


A moderate inflation

15%

Annual variation of the consumer prices index

10%11%12%13%14%

6%7%8%9%

10%

1%2%3%4%5%

-1%0%1%

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Guyana GuyaneGuyana GuyaneSource : Bureau of statistics of Guyana, Insee


A rich region within its regional environment

GDP per capita - area of South America - Caribbean in 2012

20 087Trinidad & Tobago

(based on purchasing-power-parity, $)

13 615

15 153

Venezuela

French Guiana (estimations)

12 398

11 875

Surinam

Brazil

1 242

7 939

Haïti

Guyana

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)


A rich region within its regional environment

Human developpement index 2012

0,819

0,822

0,893

Chili

Guadeloupe (2010)

France

0,76

0,814

Trinidad & Tobago

Martinique (2010)

0,73

0,74

0,74

Brazil

Latin America and Caribbean average

French Guiana (2010)

0,636

0,684

Guyana

Surinam

0,456

0,4 0,6 0,8

Haiti

Source : AFD, CEROM estimates, INSEE, PNUD


A population characterized by its youthful

Demographic indicators

French Guiana GuyanaFrench Guiana Guyana Population 2013 250 109 746 880 Share of those below 20 years olds 45% n.dProjections 2030 424 000 910 000 Birth rate 28,2‰ 21‰Mortality rate 3,2‰ 7‰y ,Average annual growth of the population 3,1% ‐2,7%Source : World Bank (Guyana), United Nations (Guyana), Insee


An economy with a lack of jobs and skilled labourforce

Compared unemployment rate (according to the ILO definition)

21 5%

22,0%

21,0%

21,5%

21,3%

21,7%

20,5%

,

20,0%

FrenchGuiana (2013) Guyana (2013)French Guiana (2013) Guyana (2013)Source : Insee, World Bank

Guyexpo 2014 p- 9French Guiana Agency p- 9

An economy focused on services

60%

70%

80%

30%

40%

50%

%

French Guiana

Guyana

0%

10%

20%

A i lt I d t S i

Allocation/division of added value by sectorsAgriculture Industry Services

Guyana (2013) French Guiana (2007)y ( ) ( )Agriculture 21% 4%Industry 39% 20%including : construction n.d. 9%including : construction n.d. 9%Services 41% 76%including : retail n.d. 9%


An industry supported by the space sector

70%

80%

90%

30%

40%

50%

60%

Guyana (2002)

French Guiana

0%

10%

20%

Agriculture Industry Services

Allocation of employment by sector

Agriculture Industry Services

Guyana (2002) French Guiana (2013)Agriculture 21% 1%Industry 25% 15%including : construction 7% 8%Services 51% 84%including : retail 30% 8%nd 3%Sources : International Labor Organization (Guyana), Insee


A strong growing domestic market

Population, number of firms and sector divisionTransports, services divers Commerce Adm pub, enseig, santé, action soc

38,1% 24,9% 7,1%41,5% 24,8% 8,6%44 6% 23 0% 9 9%

Public administration,

d i44,6% 23,0% 9,9%

424 000 hab en 2030Industry 11,2%

education, healthcare,

social activities 7,1%

239 000 hab

Construction 18,8%

Retail 24,9%

239 450

10 372 firms

Transportation, other services

38,1%

Number of firms in 2011

P l ti i 2012

IndustryConstructionTransportation, other services

Population in 2012

Population in 2030Source : Insee, buisiness register, pop. Census, population projections (median scenario, 2007)

*All market activities excluding agriculture

RetailPublic administration, education, healthcare, social activities

Guyexpo 2014 12French Guiana Agency

Dynamic sectors

Sectoral indicators in 2013N b f k t l h 7 l hNumber of rocket launches 7 launchesNumber of launched satellites 14 satellitesGold exports 1,3 tonnep ,Cement sales 92 130 tonnesNumber of authorized housing 1 915 housing

d i h li f l h h lRum production 2 626 hectolitres of pure alchoholShrimps grips 682 tonnesFish grips 1 496 tonnesFish grips 1 496 tonnesSwine and cattle slaugthers 771 tonnesPort traffic 653 941 tonnesAir traffic 437 599 passengersSources : Arianespace, CCIRG, Ciments guyanais, Daaf , Customs, Ifremer, Sitadel


Main indicators

Economic and financial indicators in 2013I f d 1 589 illiImports of goods 1 589 million euros Exports of goods 292 million euros Trade balance ‐1 296 million eurosTrade balance 1 296 million euros GDP in current euros 3,9 billion euros

3 499 kW/capita/yearElectricity consumptionTotal appropriations 2 634 million euros

1,4 bank account per capitaNumber of bank accounts per capitaSources : Customs, EDF, IEDOM, Insee


Metropolitan France: First trading partner

500Main suppliers of French Guiana M€

350

400

450

200

250

300

50

100

150

0France* French West Indies European union Other European

countriesTrinidad Latin

America/Caribbean**Asia Rest of the World

1993 2003 2009 2010 2011 2012 2013Source : Customs

Imports : 1 589 M€

Source : Customs* whole France except french overseas departements in America ** except french overseas departements in America and Trinidad


Metropolitan France: Second trading partner

140

Main customers of French GuianaM€

100

120

60

80

20

40

0France* French West Indies European Union Other European

countries Latin America/Caribbean

**Rest of the world

1993 2003 2009 2010 2011 2012 2013

Exports : 292 M€

Source : Customs * whole France except french overseas departments in America ** except french overseas departments in America and Trinidad


Subdued trade with the neighboring countries

€€Imports Exports

292 M

€

1589

M€

18%Imports Exports

French Guyana0,0 M€

GuianaGuyana

0,1 M€‐Foodstuffs‐Fishings boats ‐Machine

Trade coverage rate(Exports/Imports)18%

1389

M€

035M

€

75%Imports

Exports

Source : Customs

1 10


The exchanges of Guyana

2000

2500

m $ (USD)

1000

1500

2000

0

500

1000

02007 2008 2009 2010 2011 2012 2013

Exports of goods (f.o.b) Imports of goods (c.i.f)Source : Bank of Guyana

Foreign trade of Guyana in 2013Foreign trade of Guyana in 2013Imports of goods 1 847 million dollars 1 389 million eurosExports of goods 1 376 million dollars 1 035 million eurosTrade balance ‐471 million dollars ‐354 million eurosSource : Bank of Guyana, IEDOM calculations


Banking system organization in French Guiana

• 15 credit institutions locally based• 15 credit institutions locally based

• 45 permanent Bank branches• 45 permanent Bank branches• 128 ATMs

• 2 466 electronic payment terminals in stores and shops

• 1,4 Bank account per inhabitant1 09 payment cards per inhabitant• 1,09 payment cards per inhabitant


Evolution of economic actors’ financial investments

In millions €uros

Evolution of Financial Assets

10%

15%

20%

1 500

1 600

1 700

0%

5%

0%

1 200

1 300

1 400

-10%

-5%

1 000

1 100

juin-10 déc.-10 juin-11 déc.-11 juin-12 déc.-12 juin-13 déc.-13 juin-14

Source : Iedom

Quarter to Quarter Amount

Guyexpo 2014

Source : Iedom

French Guiana Agency p- 20

Evolution of economic funding

Evolution of outstanding Bank credit

6%2 900

In millions €uros

Evolution of outstanding Bank credit

3%

4%

5%

2 300

2 500

2 700

2 900

0%

1%

2%

1 700

1 900

2 100

2 300

-1%

0%

1 500

1 700

juin-10 déc.-10 juin-11 déc.-11 juin-12 déc.-12 juin-13 déc.-13 juin-14

Source : IedomHealthy credit lending (excluding non performing loans ) ECIL + ECNILECIL (ECNIL) : Credit institution (not) based locally

Quarter to Quarter Amount


Source : IedomECIL (ECNIL) : Credit institution (not) based locally


Outstanding loans of the private sector (in M€)

2 500 M€

1 750 M€

2 000 M€

2 250 M€

1 000 M€

1 250 M€

1 500 M€

250M€

500 M€

750 M€

0 M€

250 M€

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

F hG i G

Source: IEDOM, Bank of GuyanaExchange rate EUR/GYD and EUR/USD at 31/12/200N

French Guiana Guyana


g / / / /


Total outstanding loans in the Economy (in M€)

3 000 M€

2 500 M€

1 500 M€

2 000 M€

500M€

1 000 M€

0 M€

500 M€

2006 2007 2008 2009 2010 2011 2012 2013

Source: IEDOM, Bank of GuyanaExchange rate EUR/GYD and EUR/USD at 31/12/200N



g / / / /

Evolution of Saving

Global deposit amount (in Millions €uros)

1 800M€

1 400 M€

1 600 M€

1 800 M€

800 M€

1 000 M€

1 200 M€

200M€

400 M€

600 M€

0 M€

200 M€

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Source: IEDOM



Source: IEDOM

Evolution counterparty risks

Global doubtful loans and provisioning rate

80%14%

60%

70%

80%

10%

12%

14%

40%

50%

6%

8%

10%

10%

20%

30%

2%

4%

6%

0%

10%

0%

2%

Source: IEDOM

Doubtful loans rate Provisioning rate (right scale)


Source: IEDOM

More informations about French Guiana ‘s economy

http://www.cerom-outremer.fr/guyane/http://www.iedom.fr/guyane/


A synthetic overview of French Guiana in several languages g g

htt // i d f / /http://www.iedom.fr/guyane/


Economic dashbord of French Guiana in severallanguages

http://www.cerom-outremer.fr/guyane/

Guyexpo 2014Agence de Guyane p- 28

Thank you for your attention

i d fwww.iedom.fr

www.cerom-outremer.frwww.cerom outremer.fr


Documents

French Guiana Agency - iedom.fr · Overview of French Guiana’s Economy October 3October 3, 2014 French Guiana Agency