French Polynesia Economy: from the All Country Info reference guide to country facts

French Polynesia Economy

French Polynesia Economy: A summary of information about French Polynesia Economy, from government research data as well as independent research and other sources.

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French Polynesia: Economy

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
NA%
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
118,744 (of which 70,044 are employed) (1988)
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
360 million kWh (1998)
Electricity - production by source
fossil fuel: 59.72%
hydro: 40.28%
nuclear: 0%
other: 0% (1998)
Electricity - consumption
335 million kWh (1998)
Electricity - exports
0 kWh (1998)
Electricity - imports
0 kWh (1998)
Agriculture - products
coconuts, vanilla, vegetables, fruits;
poultry, beef, dairy products
Exports
$212 million (f.o.b., 1996)
Exports - commodities
cultured pearls 50%, coconut products,
mother-of-pearl, vanilla, shark meat (1997)
Exports - partners
US 11%, France 6% (1997)
Imports
$860 million (c.i.f., 1996)
Imports - commodities
fuels, foodstuffs, equipment
Imports - partners
France 44.7%, US 13.9% (1994)
Debt - external
$NA
Economic aid - recipient
$450.4 million (1995)
Currency
1 Comptoirs Francais du Pacifique franc (CFPF) = 100
centimes
Exchange rates
Comptoirs Francais du Pacifique francs (CFPF) per US$1
- 117.67 (January 2000), 111.93 (1999), 107.25 (1998), 106.11 (1997),
93.00 (1996), 90.75 (1995); note - linked at the rate of 18.18 CFPFs
to the French franc
Fiscal year
calendar year
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