French Polynesia - Economy
How is the economy of French Polynesia? Based on the information we have, French Polynesia has 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. Key agricultural products in this country include: coconuts, fruits, cassava, sugarcane, pineapples, eggs, tropical fruits, watermelons, tomatoes, pork (2023).
More about the economy of French Polynesia
Labor force 119,100 (2024 est.)
Industrial production growth rate
Industries tourism, pearls, agricultural processing, handicrafts, phosphates
Population below poverty line
Taxes and other revenues
Fiscal year
Exchange rates
Currency Comptoirs Francais du Pacifique francs (XPF) per US dollar -
Exchange rates 2024 110.306 (2024 est.)
Exchange rates 2023 110.347 (2023 est.)
Exchange rates 2022 113.474 (2022 est.)
Exchange rates 2021 100.88 (2021 est.)
Exchange rates 2020 104.711 (2020 est.)
Current account balance
Current account balance 2016 $411.963 million (2016 est.)
Current account balance 2015 $291.182 million (2015 est.)
Current account balance 2014 $264.32 million (2014 est.)
Budget surplus (+) or deficit (-)
Remittances
Remittances 2023 9.1% of GDP (2023 est.)
Remittances 2022 10% of GDP (2022 est.)
Remittances 2021 9.5% of GDP (2021 est.)
Imports
Imports 2021 $1.66 billion (2021 est.)
Imports 2020 $1.75 billion (2020 est.)
Imports 2019 $2.24 billion (2019 est.)
Imports (partners) France 26%, China 11%, USA 10%, NZ 7%, Malaysia 4% (2023)
Comodities Imports force cars, packaged medicine, refined petroleum, poultry, broadcasting equipment (2023)
Exports
Imports 2021 $1.66 billion (2021 est.)
Imports 2020 $1.75 billion (2020 est.)
Imports 2019 $2.24 billion (2019 est.)
Exports (partners) Japan 44%, USA 15%, France 12%, Netherlands 9%, China 5% (2023)
Comodities Exports force pearls, fish, aircraft parts, gas turbines, vanilla (2023)
Real GDP (purchasing power parity)
Real GDP (purchasing power parity) 2024 $6.007 billion (2024 est.)
Real GDP (purchasing power parity) 2023 $5.935 billion (2023 est.)
Real GDP (purchasing power parity) 2022 $5.892 billion (2022 est.)
GDP (official exchange rate) $6.563 billion (2024 est.)
Real GDP Per capita
Real GDP per capita 2024 $23,300 (2024 est.)
Real GDP per capita 2023 $22,800 (2023 est.)
Real GDP per capita 2022 $20,700 (2022 est.)
GDP - composition, by sector of origin
Agriculture 2.2% (2020 est.)
Industry 10.6% (2020 est.)
Services 75.9% (2020 est.)
GDP - composition, by end use
Household consumption 70.4% (2023 est.)
Government consumption 30.5% (2023 est.)
Investment in fixed capital 21.7% (2023 est.)
Investment in inventories 0% (2023 est.)
Exports of goods and services 23.1% (2023 est.)
Imports of goods and services -45.6% (2023 est.)
Unemployment rate
Unemployment rate 2024 11.8% (2024 est.)
Unemployment rate 2023 11.8% (2023 est.)
Unemployment rate 2022 11.9% (2022 est.)
Youth unemployment rate (ages 15-24)
Total 36.9% (2024 est.)
Male 33.5% (2024 est.)
Female 41.5% (2024 est.)
All Important Facts about French Polynesia

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French Polynesia is found in Polynesia