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French Polynesia Economy 2017
https://theodora.com/wfbcurrent/french_polynesia/french_polynesia_economy.html
SOURCE: 2017 CIA WORLD FACTBOOK AND OTHER SOURCES











French Polynesia Economy 2017
SOURCE: 2017 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on January 12, 2017

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.After growing at an average yearly rate of 4.2% from 1997-2007, GDP stagnated in 2008 and fell by 4.2% in 2009, marking French Polynesia’s entry into recession. GDP growth was positive in 2010-12. Following steady employment level increases between 2002 and 2007 that averaged 2.4% yearly, the number of workers fell by an annual average of 2.2% between 2008 and 2013, due in part to decreased tourism (down an average of 4% per year) in that time period.French Polynesia’s tourism-dominated service sector accounted for 85% of total value added for the economy in 2009, employing 80% of the workforce. A small manufacturing sector predominantly processes products from French Polynesia’s primary sector - 3% of total economy - including agriculture, pearl farming, and fishing.

GDP (purchasing power parity):
$7.15 billion (2012 est.) $6.982 billion (2011 est.) $6.963 billion (2010 est.)
country comparison to the world: 165
[see also: GDP country ranks ]

GDP (official exchange rate):
$7.15 billion (2012 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
2.4% (2012 est.) 0.3% (2011 est.) 2.2% (2010 est.)
country comparison to the world: 123
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$26,100 (2012 est.) $26,000 (2010 est.)
country comparison to the world: 72
[see also: GDP - per capita country ranks ]

GDP - composition, by sector of origin:
agriculture: 2.5%
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry: 13%
[see also: GDP - composition, by sector of origin - industry country ranks ]
services: 84.5% (2009)
[see also: GDP - composition, by sector of origin - services country ranks ]

Agriculture - products:
coconuts, vanilla, vegetables, fruits, coffee; poultry, beef, dairy products; fish

Industries:
tourism, pearls, agricultural processing, handicrafts, phosphates

Industrial production growth rate:
NA%
[see also: Industrial production growth rate country ranks ]

Labor force:
114,300 (2012 est.)
country comparison to the world: 181
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 13%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 19%
[see also: Labor force - by occupation - industry country ranks ]
services: 68% (2013)
[see also: Labor force - by occupation - services country ranks ]

Unemployment rate:
21.8% (2012) 11.7% (2010)
country comparison to the world: 173
[see also: Unemployment rate country ranks ]

Population below poverty line:
19.7% (2009 est.)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: NA%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: NA%
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Budget:
revenues: $1.891 billion
[see also: Budget revenues country ranks ]
expenditures: $1.833 billion (2012)
[see also: Budget expenditures country ranks ]

Taxes and other revenues:
26.4% of GDP (2012)
country comparison to the world: 104
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
0.8% of GDP (2012)
country comparison to the world: 19
[see also: Budget surplus (+) or deficit (-) country ranks ]

Fiscal year:
calendar year

Inflation rate (consumer prices):
1.1% (2013 est.) 1.5% (2011 est.)
country comparison to the world: 74
[see also: Inflation rate (consumer prices) country ranks ]

Market value of publicly traded shares:
$NA
[see also: Market value of publicly traded shares country ranks ]

Exports:
$230 million (2013 est.) $211 million (2005 est.)
country comparison to the world: 185
[see also: Exports country ranks ]

Exports - commodities:
cultured pearls, coconut products, mother-of-pearl, vanilla, shark meat

Exports - partners:
Japan 35%, US 24%, Hong Kong 17%, France 9.1%, China 4.2% (2014)

Imports:
$1.72 billion (2013 est.) $1.706 billion (2005 est.)
country comparison to the world: 166
[see also: Imports country ranks ]

Imports - commodities:
fuels, foodstuffs, machinery and equipment

Imports - partners:
France 24%, South Korea 10%, China 9.6%, USA 9.3%, New Zealand 8.5%, Singapore 8.2%, Australia 4% (2014)

Debt - external:
$NA
[see also: Debt - external country ranks ]

Exchange rates:
Comptoirs Francais du Pacifique francs (XPF) per US dollar - 89.85 (2013 est.) 90.56 (2012 est.)

NOTE: The information regarding French Polynesia on this page is re-published from the 2017 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of French Polynesia Economy 2017 information contained here. All suggestions for corrections of any errors about French Polynesia Economy 2017 should be addressed to the CIA.




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