French Polynesia

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Introduction - French Polynesia:
Location - French Polynesia:
People - French Polynesia:
Government - French Polynesia:
Economy - French Polynesia:

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. Tourism accounts for about one-fourth of GDP and is a primary source of hard currency earnings. Other sources of income are 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.

Gdp purchasing power parity

$4.58 billion (2003 est.)

Gdp official exchange rate

$3.8 billion (2002)

Gdp real growth rate

5.1% (2002)

Gdp per capita ppp

$17,500 (2003 est.)

Gdp composition by sector

agriculture: 3.1%
industry: 19%
services: 76.9% (2005)

Labor force

65,930 (December 2005)

Labor force by occupation

agriculture: 13%
industry: 19%
services: 68% (2002)

Unemployment rate

11.7% (2005)

Population below poverty line

NA%

Household income or consumption by percentage share

lowest 10%: NA%
highest 10%: NA%

Inflation rate consumer prices

1.1% (2006 est.)

Budget

revenues: $865 million
expenditures: $644.1 million; including capital expenditures of $185 million (1999)

Agriculture products

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

Industries

tourism, pearls, agricultural processing, handicrafts, phosphates

Industrial production growth rate

NA%

Electricity production

607 million kWh (2005)

Electricity consumption

533 million kWh (2005)

Electricity exports

0 kWh (2004)

Electricity imports

0 kWh (2004)

Oil production

0 bbl/day (2004 est.)

Oil consumption

6,000 bbl/day (2004 est.)

Oil exports

NA bbl/day

Oil imports

NA bbl/day

Oil proved reserves

0 bbl

Natural gas production

0 cu m (2004 est.)

Natural gas consumption

0 cu m (2004 est.)

Exports

$211 million f.o.b. (2005 est.)

Exports commodities

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

Exports partners

France 46.3%, Japan 20.8%, Niger 12.8%, US 12.5% (2006)

Imports

$1.706 billion f.o.b. (2005 est.)

Imports commodities

fuels, foodstuffs, machinery and equipment

Imports partners

France 52.7%, Singapore 14.9%, NZ 6.8%, US 6.6% (2006)

Debt external

$NA

Economic aid recipient

$580 million (2004)

Currency code

Comptoirs Francais du Pacifique franc (XPF)

Exchange rates

Comptoirs Francais du Pacifique francs (XPF) per US dollar - 95.03 (2006), 95.89 (2005), 96.04 (2004), 105.66 (2003), 126.71 (2002)
note: pegged at the rate of 119.25 XPF to the euro

Communications - French Polynesia:
Transportation - French Polynesia:
Military - French Polynesia:
This page was last updated on 16 September, 2007
Source: CIA >>>


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French Polynesia



Photo: French Polynesia
French Polynesia



Photo: French Polynesia
French Polynesia



Photo: French Polynesia
French Polynesia



Photo: French Polynesia
French Polynesia



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