Economy - overview:
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):
$4.718 billion (2004 est.)
$4.58 billion (2003)
GDP (official exchange rate):
$6.1 billion (2004)
GDP - real growth rate:
2.7% (2005)
5.1% (2002)
GDP - per capita (PPP):
$18,000 (2004 est.)
$17,500 (2003 est.)
GDP - composition by sector:
agriculture: 3.5%
industry: 20.4%
services: 76.1% (2005)
Labor force:
113,400 (2006)
Labor force - by occupation:
agriculture: 13%
industry: 19%
services: 68% (2002)
Unemployment rate:
11.7% (2005)
Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%
Budget:
revenues: $865 million
expenditures: $644.1 million (1999)
Inflation rate (consumer prices):
1.1% (2007)
Market value of publicly traded shares:
$NA
Agriculture - products:
fish; coconuts, vanilla, vegetables, fruits, coffee; poultry, beef, dairy products
Industries:
tourism, pearls, agricultural processing, handicrafts, phosphates
Industrial production growth rate:
NA%
Electricity - production:
475 million kWh (2006 est.)
Electricity - consumption:
441.8 million kWh (2006 est.)
Electricity - exports:
0 kWh (2007 est.)
Electricity - imports:
0 kWh (2007 est.)
Oil - production:
0 bbl/day (2007 est.)
Oil - consumption:
6,082 bbl/day (2006 est.)
Oil - exports:
0 bbl/day (2005)
Oil - imports:
6,271 bbl/day (2005)
Oil - proved reserves:
0 bbl (1 January 2006 est.)
Natural gas - production:
0 cu m (2007 est.)
Natural gas - consumption:
0 cu m (2007 est.)
Natural gas - exports:
0 cu m (2007 est.)
Natural gas - imports:
0 cu m (2007 est.)
Natural gas - proved reserves:
0 cu m (1 January 2006 est.)
Exports:
$211 million f.o.b. (2005 est.)
Exports - commodities:
cultured pearls, coconut products, mother-of-pearl, vanilla, shark meat
Imports:
$1.706 billion f.o.b. (2005 est.)
Imports - commodities:
fuels, foodstuffs, machinery and equipment
Debt - external:
$NA
Exchange rates:
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
