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ECONOMY OF FRENCH POLYNESIA
French Polynesia is a 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. [Source: CIA World Factbook, 2023]
Sectors of the Economy Composition of GDP by Origin) agriculture: 2.5 percent (2009); industry: 13 percent (2009); services: 84.5 percent (2009), comparison rankings: agriculture 161; industry 193; services 20. [Source: CIA World Factbook, 2023]
Sectors of the Economy Composition of GDP by End Use) household consumption: 66.9 percent (2014 estimate)
government consumption: 33.6 percent (2014 estimate)
investment in fixed capital: 19.4 percent (2014 estimate)
investment in inventories: 0.1 percent (2014 estimate)
exports of goods and services: 17.5 percent (2014 estimate)
imports of goods and services: -37.5 percent (2014 estimate). [Source: CIA World Factbook, 2023]
Natural Resources: timber, fish, cobalt, hydropower
Industries: tourism, pearls, agricultural processing, handicrafts, phosphates. Industrial Production Growth NA. [Source: CIA World Factbook, 2023]
Fiscal Year: Calendar year. [Source: CIA World Factbook, 2023]
Economic Statistics for French Polynesia
Gross Domestic Product (GDP) (purchasing power parity): $5.49 billion (2017 estimate)
$5.383 billion (2016 estimate)
$6.963 billion (2015 estimate); ranking compared to other countries in the world: 175. [Source: CIA World Factbook, 2023]
Growth: 1.02 percent (2021 estimate)
-10 percent (2020 estimate)
2.42 percent (2019 estimate); ranking compared to other countries in the world: 182. [Source: CIA World Factbook, 2023]
Per Capita GDP: $17,000 (2015 estimate)
$20,100 (2014 estimate)
$22,700 (2010); ranking compared to other countries in the world: 100. [Source: CIA World Factbook, 2023]
GDP: (official exchange): $4.795 billion (2015 estimate). [Source: CIA World Factbook, 2023]
Inflation (consumer prices): 0 percent (2015 estimate)
0.3 percent (2014 estimate); ranking compared to other countries in the world: 213
Agriculture of French Polynesia
Agricultural Products: coconuts, fruit, roots/tubers nes, pineapples, cassava, sugar cane, eggs, tropical fruit, tomatoes. [Source: CIA World Factbook, 2023]
Land Use: agricultural land: 12.5 percent (2018 estimate). Arable Land: 0.7 percent (2018 estimate); permanent crops: 6.3 percent (2018 estimate); permanent pasture: 5.5 percent (2018 estimate); forest: 43.7 percent (2018 estimate); other: 43.8 percent (2018 estimate). Irrigated Land: 10 square kilometers (2012). [Source: CIA World Factbook 2023]
Labor, Poverty and Unemployment
Labor Force: 130,100 (2021 estimate); ranking compared to other countries in the world: 182. [Source: CIA World Factbook, 2023]
Labor Force by Occupation: agriculture: 13 percent; industry: 19 percent; services: 68 percent (2013 estimate). [Source: CIA World Factbook, 2023]
Unemployment Rate: 14.39 percent (2021 estimate)
14.1 percent (2020 estimate)
12.3 percent (2019 estimate); ranking compared to other countries in the world: 40. [Source: CIA World Factbook 2023]
Youth Unemployment Rate (ages 15-24): total: 38.9 percent; male: 35.4 percent; female: 43.9 percent (2021 estimate); ranking compared to other countries in the world: 16. [Source: CIA World Factbook 2023]
Population Below Poverty Line: 19.7 percent (2009 estimate)
Household income or consumption by percentage share
lowest 10 percent: NA; highest 10 percent: NA. [Source: CIA World Factbook, 2023]
Trade with French Polynesia
Current Account Balance: $411.963 million (2016 estimate)
$158.8 million (2013 estimate); ranking compared to other countries in the world: 59. [Source: CIA World Factbook, 2023]
Exports (data in current year dollars): $1.245 billion (2014 estimate)
$1.168 billion (2013 estimate); ranking compared to other countries in the world: 171. [Source: CIA World Factbook, 2023]
Main Exports: paintings, pearls, tuna, aircraft parts, coconut oil, vanilla, electrical panels (2021). Export Partners: Japan 23.1 percent, Hong Kong 21.5 percent, Kyrgyzstan 15.9 percent, US 15.9 percent, France 12.4 percent (2017). [Source: CIA World Factbook, 2023]
Imports (data in current year dollars): $2.235 billion (2014 estimate)
$2.271 billion (2013 estimate); ranking compared to other countries in the world: 168. [Source: CIA World Factbook, 2023]
Main Imports: fuels, foodstuffs, machinery and equipment. Import Partners: France 27.9 percent, South Korea 12.1 percent, US 10.1 percent, China 7.3 percent, NZ 6.7 percent, Singapore 4.2 percent (2017). [Source: CIA World Factbook, 2023]
Debt and Foreign Exchange
Debt (External): NA. [Source: CIA World Factbook, 2023]
Taxes: 39.4 percent (of GDP) (2012); ranking compared to other countries in the world: 13. [Source: CIA World Factbook, 2023]
Currency Exchange Rates: Comptoirs Francais du Pacifique francs (XPF) per US dollar
100.88 (2021 estimate)
104.711 (2020 estimate)
106.589 (2019 estimate)
101.047 (2018 estimate)
105.633 (2017 estimate)
[Source: CIA World Factbook, 2023]
Image Sources:
Text Sources: CIA World Factbook, 2023; “Encyclopedia of World Cultures, Volume 2: Oceania,” edited by Terence E. Hays, 1991, Wikipedia, New York Times, Washington Post, Los Angeles Times, Times of London, Lonely Planet Guides, Library of Congress, The Guardian, National Geographic, Smithsonian magazine, The New Yorker, Reuters, Associated Press, AFP, BBC, CNN, and various books, websites and other publications.
Last updated August 2023