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French Polynesia Economy

French Polynesia    Economy Top of Page
Economy - overview: Since 1962, when France stationed military personnel in the region, French Polynesia has changed from a subsistence economy to one in which a high proportion of the work force is either employed by the military or supports the tourist industry. Tourism accounts for about one-fourth of GDP and is a primary source of hard currency earnings. The small manufacturing sector primarily processes agricultural products. The territory benefited from a five-year (1994-98) development agreement with France aimed principally at creating new jobs.
GDP: purchasing power parity - $2.6 billion (1997 est.)
GDP - real growth rate: 2.5% (1997 est.)
GDP - per capita: purchasing power parity - $10,800 (1997 est.)
GDP - composition by sector: agriculture:  4%

industry:  18%

services:  78% (1997)
Population below poverty line: NA%
Household income or consumption by percentage share: lowest 10%:  NA%

highest 10%:  NA%
Inflation rate (consumer prices): 1.5% (1994)
Labor force: 70,000 (1996)
Labor force - by occupation: agriculture 13%, industry 19%, services 68% (1997)
Unemployment rate: 15% (1992 est.)
Budget: revenues:  $1 billion

expenditures:  $900 million, including capital expenditures of $185 million (1996)
Industries: tourism, pearls, agricultural processing, handicrafts
Industrial production growth rate: NA%
Electricity - production: 430 million kWh (1999)
Electricity - production by source: fossil fuel:  51.16%

hydro:  48.84%

nuclear:  0%

other:  0% (1999)
Electricity - consumption: 399.9 million kWh (1999)
Electricity - exports: 0 kWh (1999)
Electricity - imports: 0 kWh (1999)
Agriculture - products: coconuts, vanilla, vegetables, fruits; poultry, beef, dairy products
Exports: $205 million (f.o.b., 1999)
Exports - commodities: cultured pearls 50%, coconut products, mother-of-pearl, vanilla, shark meat (1997)
Exports - partners: Japan 62%, US 21% (1999)
Imports: $749 million (f.o.b., 1999)
Imports - commodities: fuels, foodstuffs, equipment
Imports - partners: France 53%, US 13%, Australia 10% (1999)
Debt - external: $NA
Economic aid - recipient: $367 million (1997)
Currency: Comptoirs Francais du Pacifique franc (XPF)
Currency code: XPF
Exchange rates: Comptoirs Francais du Pacifique francs (XPF) per US dollar - 127.11 (January 2001), 129.44 (2000), 111.93 (1999), 107.25 (1998), 106.11 (1997), 93.00 (1996); note - pegged at the rate of 119.25 XPF to the euro
Fiscal year: calendar year


Countryfacts Information Courtesy: CIA Worldbook

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