French Polynesia: Economy#

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 handicrafts, public works projects, aquaculture, 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.

Economic Facts#

GDP (purchasing power parity)$5.65 billion (2006 est.)
$5.674 billion (2005 est.)
$5.525 billion (2004 est.)
GDP - real growth rate-0.4% (2006)
2.7% (2005)
GDP - per capita (PPP)$22,000 (2006 est.)
$18,000 (2004 est.)
GDP - composition, by sector of originagriculture: 3.1%
industry: 20%
services: 76.9% (2006)
Population below poverty line19.7% (2009)
Household income or consumption by percentage sharelowest 10%: NA%
highest 10%: NA%
Labor force - by occupationagriculture: 13%
industry: 19%
services: 68% (2002)
Exports - commoditiescultured pearls, coconut products, mother-of-pearl, vanilla, shark meat
Agriculture - productscoconuts, vanilla, vegetables, fruits, coffee; poultry, beef, dairy products; fish
Budgetrevenues: $865 million
expenditures: $644.1 million (1999)
Imports - commoditiesfuels, foodstuffs, machinery and equipment
Exchange ratesComptoirs Francais du Pacifique francs (XPF) per US dollar -
90.01 (2010 est.)
87.59 (2007)
Exports$200 million (2008 est.)
$211 million (2005 est.)
Debt - external$NA
Fiscal yearcalendar year
Imports$2.2 billion (2008 est.)
$1.706 billion (2005 est.)
Industrial production growth rateNA%
Industriestourism, pearls, agricultural processing, handicrafts, phosphates
Inflation rate (consumer prices)1.1% (2007)
1.1% (2006 est.)
Labor force116,000 (2007)
Unemployment rate11.7% (2010)
11.7% (2005)
GDP (official exchange rate)$5.65 billion (2006)
Market value of publicly traded shares$NA
Taxes and other revenues15.3% of GDP (1999)
Budget surplus (+) or deficit (-)3.9% of GDP (1999)