French Polynesia

Economics, Political, and Trade Overview

Source: Feb 10, 2022 Economist Intelligence Unit

French Polynesia - In Short.

Overview of French Polynesia

French Polynesia consists of five archipelagos – the Austral Islands, the Gambier Islands, the Marquesas Islands, the Society Islands, and the Tuamotu Archipelago. The Marquesas were first settled around 200 B.C. and the Society Islands around A.D. 300. Raiatea in the Society Islands became a center for religion and culture. Exploration of the other islands emanated from Raiatea and by 1000, there were small permanent settlements in all the island groups. Ferdinand MAGELLAN was the first European to see the islands of French Polynesia in 1520, and successive European voyagers traveled through them over the next two centuries. In 1767, British explorer Samuel WALLIS was the first European to visit Tahiti, followed by French navigator Louis Antoine de BOUGAINVILLE in 1768, and British explorer James COOK in 1769. King POMARE I united Tahiti and surrounding islands into the Kingdom of Tahiti in 1788. Protestant missionaries arrived in 1797 and Pomare I’s successor converted in the 1810s, along with most Tahitians. In the 1830s, Queen POMARE IV refused to allow French Catholic missionaries to operate, leading France to declare a protectorate over Tahiti and fight the French-Tahitian War of the 1840s in an attempt to annex the islands. POMARE IV requested British assistance to fight France, and while the UK did not provide material support, it did diplomatically pressure France to simply maintain its protectorate status.In 1880, King POMARE V ceded Tahiti and its possessions to France, changing its status into a colony. France then claimed the Gambier Islands and Tuamotu Archipelago and by 1901 had incorporated all five island groups into its establishments in Oceania. A Tahitian nationalist movement formed in 1940, leading France to grant French citizenship to the islanders in 1946 and change it to an overseas territory. In 1957, the islands’ name was changed to French Polynesia and the following year, 64% of voters chose to stay part of France when they approved a new constitution. Uninhabited Mururoa Atoll was established as a French nuclear test site in 1962 and tests were conducted between 1966 and 1992 (underground beginning in 1975). France also conducted tests at Fangataufa Atoll, including its last nuclear test in 1996.France granted French Polynesia partial internal autonomy in 1977 and expanded autonomy in 1984. French Polynesia was converted into an overseas collectivity in 2003 and renamed an overseas country inside the Republic in 2004. Proindependence politicians won a surprise majority in local elections that same year but in subsequent elections have been relegated to a vocal minority. In 2013, French Polynesia was relisted on the UN List of Non-Self Governing Territories.
Value
Country Full Name
French Polynesia
Country Code
PYF
Region
East Asia & Pacific
Income Group
High income
Currency Unit
GDP
Population
280904
Land Area
3520
Net National Income Per Capita
GDP per Capita (PPP)

2020 GDP Growth Rate (Current USD)

2020 GDP Per Capita (Current USD)

2020 Urbanization Rate (%)

2020 Total Fertility Rate (Birth Per Woman)

Doing Business Score (100= Most Friendly)

French Polynesia - Economic

Economy of French Polynesia

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.After growing at an average yearly rate of 4.2% from 1997-2007, the economic and financial crisis in 2008 marked French Polynesia’s entry into recession. However, since 2014, French Polynesia has shown signs of recovery. Business turnover reached 1.8% year-on-year in September 2016, tourism increased 1.8% in 2015, and GDP grew 2.0% in 2015.French Polynesia’s tourism-dominated service sector accounted for 85% of total value added for the economy in 2012. Tourism employs 17% of the workforce. Pearl farming is the second biggest industry, accounting for 54% of exports in 2015; however, the output has decreased to 12.5 tons – the lowest level since 2008. A small manufacturing sector predominantly processes commodities from French Polynesia’s primary sector – 8% of total economy in 2012 – including agriculture and fishing.France has agreed to finance infrastructure, marine businesses, and cultural and ecological sites at roughly $80 million per year between 2015 and 2020. Japan, the US, and China are French Polynesia’s three largest trade partners.

Unemployment Rate

Inflation Rate

French Polynesia - GDP Composition

GDP Composiiton & Value Added of French Polynesia

Last Updated: Jan, 2021, Updated For 2020.

French Polynesia - GDP, Value Added

Demographics of French Polynesia

the majority of the population lives in the Society Islands, one of five archipelagos that includes the most populous island – Tahiti – with approximately 70% of the nation’s population
Geographic Location

Oceania, five archipelagoes (Archipel des Tuamotu, Iles Gambier, Iles Marquises, Iles Tubuai, Society Islands) in the South Pacific Ocean about halfway between South America and Australia

Races

Polynesian 78%, Chinese 12%, local French 6%, metropolitan French 4%

Languages

French (official) 73.5%, Tahitian 20.1%, Marquesan 2.6%, Austral languages 1.2%, Paumotu 1%, other 1.6% (2017 est.)major-language

Religion

Protestant 54%, Roman Catholic 30%, other 10%, no religion 6%

Dependency & Expectancy of French Polynesia

Last Updated: Jan, 2021

Dependency Ratio

Expectancy

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French Polynesia - Social Media Briefing

French Polynesia - Social Media & Social Commerce

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Politics & Policies of French Polynesia

2021 Policies Overview

Updated Coming in March 2021 after our team finish summarizing countries policy.

International Organizations

ITUC (NGOs), PIF (associate member), SPC, UPU, WMO

Import of French Polynesia

Export of French Polynesia

Import Destination

Export Destination