Economy of French Polynesia

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Since 1962, when France stationed military personnel in the region, French Polynesia has changed from a subsistence economy to one in which a high proportion of the work force is either employed by the military or supports the tourist industry. Tourism accounts for about one-fourth of GDP and is a primary source of hard currency earnings. The small manufacturing sector primarily processes agricultural products.

GDP: nominal - US$5.65 billion[1] (2006)

GDP - real growth rate: -0.43%[1] (in 2006)

GDP - per capita: nominal - US$21,999[1] (2006)

GDP - composition by sector:
agriculture: 3.1%
industry: 19%
services: 76.9% (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)

Labor force: 65 870 (December 2005)

Labor force - by occupation: agriculture 13%, industry 19%, services 68% (2002)

Unemployment rate: 11.8% (1994 est.)

Budget:
revenues: $865 million
expenditures: $644,1 million, including capital expenditures of $185 million (1999)

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

Industrial production growth rate: NA%

Electricity - production: 477 GWh (2004)

Electricity - production by source:
fossil fuel: 59.72%
hydropower: 40.28%
nuclear power: 0%
other: 0% (1998)

Electricity - consumption: 443.6 GWh (2004)

Electricity - exports: 0 kWh (2004)

Electricity - imports: 0 kWh (2004)

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

Exports: US$0.2 billion[2] (2008)

Exports - commodities: cultured pearls 50%, coconut products, mother-of-pearl, vanilla, shark meat (1997)

Exports - partners: Hong Kong 41%, Metropolitan France 20%, Japan 14%, United States 8% (2008)[2]

Imports: $2.2 billion[2] (2008)

Imports - commodities: fuels, foodstuffs, equipment

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