Economy
The GDP of French Polynesia in 2006 was 5.65 billion US dollars at market exchange rates, the fifth-largest economy in Oceania after Australia, New Zealand, Hawaii, and New Caledonia. The GDP per capita was 21,999 US dollars in 2006 (at market exchange rates, not at PPP), lower than in Hawai'i, Australia, New Zealand, and New Caledonia, but higher than in all the independent insular states of Oceania.
French Polynesia has a moderately developed economy, which is dependent on imported goods, tourism, and the financial assistance of mainland France. Tourist facilities are well developed and are available on the major islands. Also, as the noni fruit from these islands is discovered for its medicinal uses, people have been able to find jobs related to this agricultural industry.
The legal tender of French Polynesia is the CFP Franc.
Agriculture: coconuts, vanilla, vegetables, fruits.
Natural resources: timber, fish, cobalt.
In 2008 French Polynesia's imports amounted to 2.2 billion US dollars and exports amounted to 0.2 billion US dollars. The major export of French Polynesia is their famous black Tahitian pearls which accounted for 55% of exports (in value) in 2008.
Read more about this topic: French Polynesia
Famous quotes containing the word economy:
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
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—Henry David Thoreau (1817–1862)
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—Calvin Coolidge (1872–1933)