Economy Of French Polynesia
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Economy overview
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Since 1962, when France stationed military personnel in the region, French Polynesia has changed from a subsistence agricultural economy to one in which a high proportion of the work force is either employed by the military or supports the tourist industry. With the halt of French nuclear testing in 1996, the military contribution to the economy fell sharply. Tourism accounts for about one-fourth of GDP and is a primary source of hard currency earnings. Other sources of income are pearl farming and deep-sea commercial fishing. The small manufacturing sector primarily processes agricultural products. The territory benefits substantially from development agreements with France aimed principally at creating new businesses and strengthening social services.
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GDP
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purchasing power parity - $4.58 billion (2003 est.)
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GDP - real growth rate
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4% (2001 est.)
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GDP - per capita
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purchasing power parity - $17,500 (2003 est.)
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GDP - composition by sector
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agriculture: 6%
industry: 18%
services: 76% (1997)
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Investment gross fixed
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Population below poverty line
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NA
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Household income or consumption by percentage share
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lowest 10%: NA
highest 10%: NA
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Distribution of family income - Gini index
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Inflation rate consumer prices
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1.5% (2002 est.)
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Labor force
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70,000 (1996)
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Labor force by occupation
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agriculture 13%, industry 19%, services 68% (1997)
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Unemployment rate
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11.8% (1994)
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Budget
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revenues: $1 billion
expenditures: $900 million, including capital expenditures of $185 million (1996)
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Public debt
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Agriculture products
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coconuts, vanilla, vegetables, fruits; poultry, beef, dairy products, coffee
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Industries
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tourism, pearls, agricultural processing, handicrafts, phosphates
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Industrial production growth rate
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NA
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Electricity production
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428.3 million kWh (2001)
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Electricity production by source
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fossil fuel: 60.7%
hydro: 39.3%
other: 0% (2001)
nuclear: 0%
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Electricity consumption
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398.3 million kWh (2001)
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Electricity exports
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0 kWh (2001)
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Electricity imports
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0 kWh (2001)
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Oil production
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0 bbl/day (2001 est.)
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Oil consumption
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4,750 bbl/day (2001 est.)
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Oil exports
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NA (2001)
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Oil imports
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NA (2001)
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Oil proved reserves
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Natural gas production
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Natural gas consumption
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Natural gas exports
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Natural gas imports
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Natural gas proved reserves
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Current account balance
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Exports
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$244 million f.o.b. (2002)
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Exports commodities
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cultured pearls, coconut products, mother-of-pearl, vanilla, shark meat
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Exports partners
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France 66.3%, Japan 16.1%, US 9.1% (2003)
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Imports
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$1.341 billion f.o.b. (2002)
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Imports commodities
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fuels, foodstuffs, machinery and equipment
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Imports partners
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France 59.9%, Australia 11.9%, New Zealand 6%, US 6% (2003)
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Reserves of foreign exchange gold
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Debt external
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NA (2000 est.)
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Economic aid recipient
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$367 million (1997)
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Currency
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Comptoirs Francais du Pacifique franc (XPF)
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Currency code
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XPF
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Exchange rates
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Comptoirs Francais du Pacifique francs (XPF) per US dollar - 105.73 (2003), 126.72 (2002), 133.26 (2001), 129.43 (2000), 111.93 (1999)
note: pegged at the rate of 119.25 XPF to the euro
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Fiscal year
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calendar year
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Applied Language Solutions offer English to French Translation , English to Tahitian Translation .
This information was reproduced in part from the CIA World Fact book.
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