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, root vegetables, pineapples, eggs, cassava, sugarcane, tropical fruits, watermelons, tomatoes (2022).
More about the economy of French Polynesia
Labor force 137,000 (2023 est.)
Industrial production growth rate 4.3% (2014 est.)
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 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.)
Exchange rates 2019 106.589 (2019 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 2022 10% of GDP (2022 est.)
Remittances 2021 9.46% of GDP (2021 est.)
Remittances 2020 10.04% of GDP (2020 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 30%, China 13%, US 9%, South Korea 6%, NZ 6% (2022)
Comodities Imports force refined petroleum, cars, packaged medicine, beef, plastic products (2022)
Exports
Imports 2021 $1.66 billion (2021 est.)
Imports 2020 $1.75 billion (2020 est.)
Imports 2019 $2.24 billion (2019 est.)
Exports (partners) France 18%, US 18%, Hong Kong 18%, Japan 13%, Netherlands 9% (2022)
Comodities Exports force pearls, fish, aircraft parts, coconut oil, electrical power accessories (2022)
Real GDP (purchasing power parity)
Real GDP (purchasing power parity) 2021 $5.65 billion (2021 est.)
Real GDP (purchasing power parity) 2020 $5.52 billion (2020 est.)
Real GDP (purchasing power parity) 2019 $5.94 billion (2019 est.)
GDP (official exchange rate) $5.815 billion (2022 est.)
Real GDP Per capita
Real GDP per capita 2021 $18,600 (2021 est.)
Real GDP per capita 2020 $18,300 (2020 est.)
Real GDP per capita 2019 $19,800 (2019 est.)
GDP - composition, by sector of origin
Agriculture 2.3% (2019 est.)
Industry 10.7% (2019 est.)
Services 76.2% (2019 est.)
GDP - composition, by end use
Household consumption 71.5% (2022 est.)
Government consumption 31.7% (2022 est.)
Investment in fixed capital 21.8% (2022 est.)
Exports of goods and services 21.1% (2022 est.)
Imports of goods and services -46.1% (2022 est.)
Unemployment rate
Unemployment rate 2023 11.72% (2023 est.)
Unemployment rate 2022 11.91% (2022 est.)
Unemployment rate 2021 12.49% (2021 est.)
Youth unemployment rate (ages 15-24)
Total 37.3% (2023 est.)
Male 33.8% (2023 est.)
Female 42% (2023 est.)
All Important Facts about French Polynesia

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French Polynesia is found in Polynesia