Martinique is considered to be a developed 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 developed nation, Martinique is able to provide its citizens with social services like public education, healthcare, and law enforcement. Citizens of developed nations enjoy a high standard of living and longer life expectancies than citizens of developing nations. Each year, Martinique exports around $0.01 billion and imports roughly $3.1 billion. 26.4% of population in the country are unemployed. The total number of unemployed people in Martinique is 101,657. The Gini Index of the country is 53. Martinique is experiencing inequality. The gap between the richest and poorest citizens in this country is significant and obvious, resulting in a drastically different standard of living for rich and poor citizens.

Currency
The currency of Martinique 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 Martinique.

Central bank
In Martinique, the institution that manages the state's currency, money supply, and interest rates is called IEDOM.

Public debt
The government debt of Martinique has not been calculated yet.

Tax information
Personal income tax ranges from 0% to 40%, depending on your specific situation and income level. VAT in Martinique is 8.5%.

Finances
The total Gross Domestic Product (GDP) in Martinique is 8 billion. Based on this statistic, Martinique 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 Martinique was last recorded at $0 million. The average citizen in Martinique 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 Martinique averaged 0% in 2014. According to this percentage, Martinique is currently experiencing modest growth.

https://www.confiduss.com/en/jurisdictions/martinique/economy/