French Guiana is an overseas department and region of France located on the northern coast of South America. As a French territory, French Guiana is part of the European Union and uses the euro as its currency. The economy of French Guiana is relatively small and is dominated by the public sector. The public sector is the largest employer, and public spending accounts for a significant share of the region’s GDP. French Guiana is also eligible for EU development funds, which are used to support infrastructure projects and economic development initiatives. French Guiana also has significant bauxite reserves, which are currently being explored by foreign companies.