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    French Polynesia Economy - 2002
    http://www.greekorthodoxchurch.org/wfb2002/french_polynesia/french_polynesia_economy.html
    SOURCE: 2002 CIA WORLD FACTBOOK

      Economy - overview 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. 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 substantially benefits from development agreements with France aimed principally at creating new businesses and strengthening social services.

      GDP purchasing power parity - $1.3 billion (2001 est.)

      GDP - real growth rate 4% (2001 est.)

      GDP - per capita purchasing power parity - $5,000 (2001 est.)

      GDP - composition by sector
      agriculture: 6%
      industry: 18%
      services: 76% (1997)

      Population below poverty line NA%

      Household income or consumption by percentage share
      lowest 10%: NA%
      highest 10%: NA%

      Inflation rate (consumer prices) 1.5% (1994)

      Labor force 70,000 (1996)

      Labor force - by occupation agriculture 13%, industry 19%, services 68% (1997)

      Unemployment rate NA%

      Budget
      revenues: $1 billion
      expenditures: $900 million, including capital expenditures of $185 million (1996)

      Industries tourism, pearls, agricultural processing, handicrafts

      Industrial production growth rate NA%

      Electricity - production 408 million kWh (2000)

      Electricity - production by source
      fossil fuel: 53.92%
      hydro: 46.08%
      other: 0% (2000)
      nuclear: 0%

      Electricity - consumption 379.44 million kWh (2000)

      Electricity - exports 0 kWh (2000)

      Electricity - imports 0 kWh (2000)

      Agriculture - products coconuts, vanilla, vegetables, fruits; poultry, beef, dairy products

      Exports $205 million (f.o.b., 1999)

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

      Exports - partners Japan 62%, US 21% (1999)

      Imports $749 million (f.o.b., 1999)

      Imports - commodities fuels, foodstuffs, equipment

      Imports - partners France 53%, US 13%, Australia 10% (1999)

      Debt - external $NA

      Economic aid - recipient $367 million (1997)

      Currency Comptoirs Francais du Pacifique franc (XPF)

      Currency code XPF

      Exchange rates Comptoirs Francais du Pacifique francs (XPF) per US dollar - 135.04 (January 2002), 133.26 (2001), 129.44 (2000), 111.93 (1999), 107.25 (1998), 106.11 (1997); note - pegged at the rate of 119.25 XPF to the euro

      Fiscal year calendar year

      NOTE: The information regarding French Polynesia on this page is re-published from the 2002 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of French Polynesia Economy 2002 information contained here. All suggestions for corrections of any errors about French Polynesia Economy 2002 should be addressed to the CIA.

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    Revised 30-Jan-03
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