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:
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)