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French Polynesia Economy 2018

SOURCE: 2018 CIA WORLD FACTBOOK AND OTHER SOURCES











French Polynesia Economy 2018
SOURCE: 2018 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on February 28, 2018

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, the economic and financial crisis in 2008 marked French Polynesia’s entry into recession. However, since 2014, French Polynesia has shown signs of recovery. Business turnover reached 1.8% year-on-year in September 2016, tourism increased 1.8% in 2015, and GDP grew 2.0% in 2015.French Polynesia’s tourism-dominated service sector accounted for 85% of total value added for the economy in 2012. Tourism employs 17% of the workforce. Pearl farming is the second biggest industry, accounting for 54% of exports in 2015; however, the output has decreased to 12.5 tons – the lowest level since 2008. A small manufacturing sector predominantly processes commodities from French Polynesia’s primary sector - 8% of total economy in 2012 - including agriculture and fishing.France has agreed to finance infrastructure, marine businesses, and cultural and ecological sites at roughly $80 million per year between 2015 and 2020. Japan, the US, and China are French Polynesia’s three largest trade partners.

GDP (purchasing power parity):
$5.49 billion (2015 est.) $5.383 billion (2014 est.) $6.963 billion (2010 est.)
country comparison to the world: 173

GDP (official exchange rate):
$4.795 billion (2012 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
2% (2015 est.) -2.7% (2014 est.) -2.5% (2010 est.)
country comparison to the world: 157
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$17,000 (2015 est.) $20,100 (2014 est.) $22,700 (2010)
country comparison to the world: 103

GDP - composition, by end use:
household consumption: 66.9%
[see also: GDP - composition, by end use - household consumption country ranks ]
government consumption: 33.6%
[see also: GDP - composition, by end use - government consumption country ranks ]
investment in fixed capital: 19.4%
[see also: GDP - composition, by end use - investment in fixed capital country ranks ]
investment in inventories: 0.1%
[see also: GDP - composition, by end use - investment in inventories country ranks ]
exports of goods and services: 17.5%
[see also: GDP - composition, by end use - exports of goods and services country ranks ]
imports of goods and services: -37.5%
[see also: GDP - composition, by end use - imports of goods and services 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:
126,300 (2016 est.)
country comparison to the world: 180
[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: 187
[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%

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:
39.4% of GDP (2012)
country comparison to the world: 37
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
1.2% of GDP (2012)
country comparison to the world: 13
[see also: Budget surplus (+) or deficit (-) country ranks ]

Fiscal year:
calendar year

Inflation rate (consumer prices):
0% (2015 est.) 0.3% (2014 est.)
country comparison to the world: 10
[see also: Inflation rate (consumer prices) country ranks ]

Stock of broad money:
$3.81 billion (2015 est.)
country comparison to the world: 138
[see also: Stock of broad money country ranks ]

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

Current account balance:
$207.7 million (2014 est.) $158.8 million (2013 est.)
country comparison to the world: 53
[see also: Current account balance country ranks ]

Exports:
$1.245 billion (2014 est.) $1.168 billion (2013 est.)
country comparison to the world: 152
[see also: Exports country ranks ]

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

Exports - partners:
Japan 22.2%, Hong Kong 21.7%, Kyrgyzstan 16.8%, France 13.3%, US 12.6% (2016)

Imports:
$0 (2014 est.) $2.271 billion (2013 est.)
country comparison to the world: 220
[see also: Imports country ranks ]

Imports - commodities:
fuels, foodstuffs, machinery and equipment

Imports - partners:
France 28.5%, South Korea 10.7%, US 9%, NZ 7.8%, China 7.2%, Singapore 5.9% (2016)

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

Stock of direct foreign investment - at home:
$905 million (2015 est.) $822.3 million (2014 est.)
country comparison to the world: 119
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$349.3 million (2015) $310.8 million (2014 est.)
country comparison to the world: 95
[see also: Stock of direct foreign investment - abroad country ranks ]

Exchange rates:
Comptoirs Francais du Pacifique francs (XPF) per US dollar - 110.2 (2016 est.) 107.6 (2016 est.) 107.6 (2015 est.) 89.85 (2013 est.) 90.56 (2012 est.)

NOTE: 1) The information regarding French Polynesia on this page is re-published from the 2018 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of French Polynesia Economy 2018 information contained here. All suggestions for corrections of any errors about French Polynesia Economy 2018 should be addressed to the CIA.
2) The rank that you see is the CIA reported rank, which may habe the following issues:
  a) The assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
  b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order






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