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French Polynesia


    • 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 20% of GDP and is a primary source of hard currency earnings.

    • National product:
      GDP - purchasing power parity - $1.5 billion (1993 est.)

    • National product real growth rate:
      NA%

    • National product per capita:
      $7,000 (1993 est.)

    • Inflation rate (consumer prices):
      1.7% (1991)

    • Unemployment rate:
      10% (1990 est.)

    • Budget:

        revenues:
        $614 million

        expenditures:
        $957 million, including capital expenditures of $NA (1988)

    • Exports:
      $88.9 million (f.o.b., 1989)

        commodities:
        coconut products 79%, mother-of-pearl 14%, vanilla, shark meat

        partners:
        France 54%, US 17%, Japan 17%

    • Imports:
      $765 million (c.i.f., 1989)

        commodities:
        fuels, foodstuffs, equipment

        partners:
        France 53%, US 11%, Australia 6%, NZ 5%

    • External debt:
      $NA

    • Industrial production:
      growth rate NA%; accounts for 15% of GDP

    • Electricity:

        capacity:
        75,000 kW

        production:
        275 million kWh

        consumption per capita:
        1,189 kWh (1993)

    • Industries:
      tourism, pearls, agricultural processing, handicrafts

    • Agriculture:
      coconut and vanilla plantations; vegetables and fruit; poultry, beef, dairy products

    • Economic aid:

        recipient:
        Western (non-US) countries, ODA and OOF bilateral commitments (1970-88), $3.95 billion

    • Currency:
      1 CFP franc (CFPF) = 100 centimes

    • Exchange rates:
      Comptoirs Francais du Pacifique francs (CFPF) per US$1 - 96.25 (January 1995), 100.94 (1994), 102.96 (1993), 96.24 (1992), 102.57 (1991), 99.00 (1990); note - linked at the rate of 18.18 to the French franc

    • Fiscal year:
      calendar year






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