French Polynesia:
Economy

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Other pages in this profile of French Polynesia:
Geography, People, Government, Communications & Transportation, Military & Transnational Issues.


Economy - overview	Definition 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.
GDP (purchasing power parity)	Definition - World rank and map $4.58 billion (2003 est.)
GDP (official exchange rate)	Definition $3.8 billion (2002)
GDP - real growth rate	Definition - World rank and map 5.1% (2002)
GDP - per capita	Definition - World rank and map $17,500 (2003 est.)
GDP - composition by sector	Definition agriculture: 3.1% industry: 19% services: 77.8% (2005)
Labor force	Definition 65,930 (December 2005)
Labor force - by occupation	Definition agriculture: 13% industry: 19% services: 68% (2002)
Unemployment rate	Definition - World rank and map 11.7% (2005)
Population below poverty line	Definition NA%
Household income or consumption by percentage share	Definition lowest 10%: NA% highest 10%: NA%
Inflation rate (consumer prices)	Definition - World rank and map 1.1% (2006 est.)
Budget	Definition revenues: $865 million expenditures: $644.1 million (1999)
Agriculture - products	Definition fish; coconuts, vanilla, vegetables, fruits, coffee; poultry, beef, dairy products
Industries	Definition tourism, pearls, agricultural processing, handicrafts, phosphates
Industrial production growth rate	Definition - World rank and map NA%
Electricity - production	Definition - World rank and map 462 million kWh (2005)
Electricity - consumption	Definition - World rank and map 429.7 million kWh (2005)
Electricity - consumption per capita	Definition - World rank and map 1,518.3 kWh (2005)
Electricity - exports	Definition 0 kWh (2005)
Electricity - imports	Definition 0 kWh (2005)
Oil - production	Definition - World rank and map 0 bbl/day (2005 est.)
Oil - consumption	Definition - World rank and map 5,800 bbl/day (2005 est.)
Oil - consumption per 1,000 people	Definition - World rank and map 20.5 bbl/day (2005 est.)
Oil - exports	Definition - World rank and map 0 bbl/day (2004)
Oil - imports	Definition - World rank and map 5,678 bbl/day (2004)
Oil - proved reserves	Definition - World rank and map 0 bbl (1 January 2006 est.)
Natural gas - production	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - consumption	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - consumption per capita	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - exports	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - imports	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - proved reserves	Definition - World rank and map 0 cu m (1 January 2006 est.)
Exports	Definition - World rank and map $211 million f.o.b. (2005 est.)
Exports - commodities	Definition cultured pearls, coconut products, mother-of-pearl, vanilla, shark meat
Exports - partners	Definition France 46.3%, Japan 20.8%, Niger 12.8%, US 12.5% (2006)
Imports	Definition - World rank and map $1.706 billion f.o.b. (2005 est.)
Imports - commodities	Definition fuels, foodstuffs, machinery and equipment
Imports - partners	Definition France 52.7%, Singapore 14.9%, NZ 6.8%, US 6.6% (2006)
Debt - external	Definition - World rank and map $NA
Market value of publicly traded shares	Definition $NA
Economic aid - recipient	Definition $579.8 million (2004)
Currency (code)	Definition Comptoirs Francais du Pacifique franc (XPF)
Exchange rates	Definition Comptoirs Francais du Pacifique francs (XPF) per US dollar - 87.59 (2007), 94.97 (2006), 95.89 (2005), 96.04 (2004), 105.66 (2003) note: pegged at the rate of 119.25 XPF to the euro
Fiscal year	Definition calendar year

French Polynesia: Economy

French Polynesia:
Economy