Economy of French Polynesia
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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.
GDP: purchasing power parity - $4 580 million (2003 est.)
GDP - real growth rate: NA%
GDP - per capita: purchasing power parity - $17 500 (2003 est.)
GDP - composition by sector:
agriculture: 3,1%
industry: 19%
services: 76,9% (2005)
Population below poverty line: NA%
Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%
Inflation rate (consumer prices): 1,1% (2006)
Labor force: 65 870 (December 2005)
Labor force - by occupation: agriculture 13%, industry 19%, services 68% (2002)
Unemployment rate: 11,8% (1994 est.)
Budget:
revenues: $865 million
expenditures: $644,1 million, including capital expenditures of $185 million (1999)
Industries: tourism, pearls, agricultural processing, handicrafts, phosphates
Industrial production growth rate: NA%
Electricity - production: 477 GWh (2004)
Electricity - production by source:
fossil fuel: 59.72%
hydropower: 40.28%
nuclear power: 0%
other: 0% (1998)
Electricity - consumption: 443,6 GWh (2004)
Electricity - exports: 0 kWh (2004)
Electricity - imports: 0 kWh (2004)
Agriculture - products: fish, coconuts, vanilla, vegetables, fruits, coffee, poultry, beef, dairy products
Exports: $211 million (f.o.b., 2005)
Exports - commodities: cultured pearls 50%, coconut products, mother-of-pearl, vanilla, shark meat (1997)
Exports - partners: France 46,3%, Japan 20,8%, Niger 12,8%, United States 12,5% (2005)
Imports: $1 706 million (c.i.f., 2005)
Imports - commodities: fuels, foodstuffs, equipment
Imports - partners: France 51,9%, Singapore 14,7%, New Zealand 7,5%, United States 6,5% (2005)
Debt - external: $NA
Economic aid - recipient: $580 million (2004)
Currency: 1 Comptoirs Francais du Pacifique franc (CFPF) = 100 centimes
Exchange rates: Comptoirs Francais du Pacifique francs (CFPF) per US$1 - 95.89 (2005), 96.04 (2004), 105.66 (2003), 126.71 (2002), 133.26 (2001), 117.67 (January 2000), 111.93 (1999), 107.25 (1998), 106.11 (1997), 93.00 (1996), 90.75 (1995); note - linked at the exact official rate of 0.055 French francs to one Pacifique franc. Now that France has switched its currency to the Euro, this static link remains true, at the rate of about 119.26 Pacifique franc to one Euro (1 Euro being exactly 6.55957 French francs).
- See also : French Polynesia
