@French Polynesia:Economy
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. Tourism accounts for about 20% of GDP and is a primary source of hard currency earnings. The small manufacturing sector primarily processes agricultural products. 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: purchasing power parity-$8,000 (1995 est.)
GDP-composition by sector: agriculture: 4% industry: 18% services: 78% (1992 est.)
Inflation rate-consumer price index: 1.5% (1994)
Labor force: total: 118,744 (of which 70,044 are employed) (1988) by occupation: agriculture 13%, industry 19%, services 68% (1992 est.)
Unemployment rate: 15% (1992 est.)
Budget: revenues: $636 million expenditures: $643 million, including capital expenditures of $NA (1994)