| ECONOMY |
| Overview |
Since
1962, when France stationed military personnel in the region,
French Polynesia has changed from a subsistence agricultural
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
benefits substantially 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% |
| Inflation
rate (consumer prices) |
1.5% |
| Labor force |
70,000 (1996)
|
| Labor force
- by occupation |
agriculture
13%, industry 19%, services 68% (1997) |
| Unemployment
rate |
11.8% (1994)
|
| Industries |
tourism,
pearls, agricultural processing, handicrafts, phosphates |
| Industrial
production growth rate |
NA% |