Flag: two narrow red horizontal bands encase a wide white band; centered on the white band is a disk with blue and white wave pattern on the lower half and gold and white ray pattern on the upper half; a stylized red, blue and white ship rides on the wave pattern; the French flag is used for official occasions
Economy ———-
Economic 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. Tourism accounts for about 20% of GDP and is a primary source of hard currency earnings. The territory will continue to benefit from a five-year (1994-98) development agreement with France aimed principally at creating new jobs.
GDP: purchasing power parity - $1.76 billion (1995 est.)
GDP real growth rate: NA%
GDP per capita: $8,000 (1995 est.)
GDP composition by sector: agriculture: 4% industry: 18% services: 78% (1992 est.)
Inflation rate (consumer prices): 1.5% (1994)
Labor force: 76,630 employed (1988) by occupation: agriculture 13%, industry 19%, services 68% (1992 est.)
Unemployment rate: NA%