French Polynesia Economy:
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):
$4.58 billion (2003 est.)
GDP — real growth rate:
NA (2001 est.)
GDP — per capita:
purchasing power parity: $17,500 (2003 est.)
GDP — composition by sector:
agriculture: 4%
industry: 18%
services: 78%
(2002)
Labor force:
70,000 (1996 est.)
Labor force — by occupation:
agriculture: 13%, industry: 19%, services: 68% (2002 est.)
Unemployment rate:
11.8% (1994 est.)
Population below poverty line:
NA
Household income or consumption by percentage share:
lowest 10%: NA
highest 10%: NA
Inflation rate (consumer prices):
1.5% (2002 est.)
Budget:
revenues: $1 billion (1996 est.)
expenditures: $900 million including capital expenditures of $185 million (1996 est.)
Agriculture — products:
Coconuts, vanilla, vegetables, fruits; poultry, beef, dairy products, coffee
Industries:
tourism, pearls, agricultural processing, handicrafts, phosphates
Industrial production growth rate:
NA
Electricity — production:
380 million kWh (2002 est.)
Electricity — consumption:
353.4 million kWh (2002 est.)
Electricity — exports:
0 kWh (2002 est.)
Electricity — imports:
0 kWh (2002 est.)
Oil — production:
0 bbl/day (2001 est.)
Oil — consumption:
4,750 bbl/day (2001 est.)
Oil — exports:
NA
Oil — imports:
NA
Exports:
$244 million (f.o.b. 2002 est.)
Exports — commodities:
cultured pearls, coconut products, mother-of-pearl, vanilla, shark meat
Exports — partners:
France 36.6%, Japan 22.7%, US 16.1%, Niger 13%, Thailand 4.1% (2004)
Imports:
$1.34 billion (f.o.b. 2002 est.)
Imports — commodities:
fuels, foodstuffs, machinery and equipment
Imports — partners:
France 47.6%, New Zealand 8.8%, Singapore 8.4%, Australia 8.3%, US 7.1% (2004)
Debt — external:
NA
Economic aid — recipient:
$367 million (1997 est.)
Currency:
Comptoirs Francais du Pacifique franc (XPF)
Exchange rates:
Comptoirs Francais du Pacifique francs per US$: 96.04 (2004 est.), 105.66 (2003 est.), 126.71 (2002 est.), 133.26 (2001 est.), 129.43 (2000 est.)
note: Pegged at the rate of 119.25 XPF to the euro
Fiscal year:
calendar year
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