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French Polynesia:
Economy

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French Polynesia Page


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


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