French Polynesia Economy - 2024

GEOGRAPHICAL NAMES 

Economic overview

small, territorial-island tourism-based economy; large French financing; lower EU import duties; Pacific Islands Forum member; fairly resilient from COVID-19; oil-dependent infrastructure

Real GDP (purchasing power parity)

$5.65 billion (2021 est.)
$5.52 billion (2020 est.)
$5.94 billion (2019 est.)

note: data are in 2015 dollars

Real GDP growth rate

1.02% (2021 est.)
-10% (2020 est.)
2.42% (2019 est.)

Real GDP per capita

$18,600 (2021 est.)
$18,300 (2020 est.)
$19,800 (2019 est.)

note: data are in 2015 dollars

GDP (official exchange rate)

$4.795 billion (2015 est.)

Inflation rate (consumer prices)

0% (2015 est.)
0.3% (2014 est.)

GDP - composition, by sector of origin

agriculture: 2.5% (2009)

industry: 13% (2009)

services: 84.5% (2009)

GDP - composition, by end use

household consumption: 66.9% (2014 est.)

government consumption: 33.6% (2014 est.)

investment in fixed capital: 19.4% (2014 est.)

investment in inventories: 0.1% (2014 est.)

exports of goods and services: 17.5% (2014 est.)

imports of goods and services: -37.5% (2014 est.)

Agricultural products

coconuts, fruit, roots/tubers, pineapples, cassava, sugar cane, eggs, tropical fruit, tomatoes

Industries

tourism, pearls, agricultural processing, handicrafts, phosphates

Industrial production growth rate

N/A

Labor force

130,100 (2021 est.)

Unemployment rate

14.39% (2021 est.)
14.1% (2020 est.)
12.3% (2019 est.)

Youth unemployment rate (ages 15-24)

total: 38.9% (2021 est.)

male: 35.4%

female: 43.9%

Population below poverty line

19.7% (2009 est.)

Household income or consumption by percentage share

lowest 10%: NA

highest 10%: NA

Remittances

10.19% of GDP (2020 est.)
9.69% of GDP (2019 est.)
9.48% of GDP (2018 est.)

Budget

revenues: $1.891 billion (2012)

expenditures: $1.833 billion (2011)

Budget surplus (+) or deficit (-)

1.2% (of GDP) (2012)

Taxes and other revenues

39.4% (of GDP) (2012)

Fiscal year

calendar year

Current account balance

$411.963 million (2016 est.)
$158.8 million (2013 est.)

Exports

$162 million (2021 est.)
$94.4 million (2020 est.)
$184 million (2019 est.)

Exports - partners

United States 47%, Japan 17%, France 14%, Netherlands 4%, Poland 3% (2021)

Exports - commodities

paintings, pearls, tuna, aircraft parts, coconut oil, vanilla, electrical panels (2021)

Imports

$1.66 billion (2021 est.)
$1.75 billion (2020 est.)
$2.24 billion (2019 est.)

Imports - partners

France 43%, New Zealand 12%, China 8%, United States 6%, Singapore 5% (2021)

Imports - commodities

refined petroleum, cars, packaged medicines, broadcasting equipment, passenger ships (2021)

Debt - external

N/A

Exchange rates

Comptoirs Francais du Pacifique francs (XPF) per US dollar -

Exchange rates:
100.88 (2021 est.)
104.711 (2020 est.)
106.589 (2019 est.)
101.047 (2018 est.)
105.633 (2017 est.)

NOTE: The information regarding French Polynesia on this page is re-published from the 2024 World Fact Book of the United States Central Intelligence Agency and other sources. No claims are made regarding the accuracy of French Polynesia 2024 information contained here. All suggestions for corrections of any errors about French Polynesia 2024 should be addressed to the CIA or the source cited on each page.