Polynesia French Country : Strategic Information and Developments
The currency of French Polynesia is known as the French Pacific Franc and is abbreviated CFP (or sometimes XFP). The rate of exchange for this currency is tied directly to the Euro, at the rate of 119.3317 CFP to I Euro. For exchange with the US dollar, it amounts to about 115 CFP to $1.Even though that is the current rate, you should not expect to get exactly that rate of exchange while in French Polynesia. Depending on where you do currency exchange, you will receive anywhere from 2 to 10 CFP less than the current exchange rate for each $1 US. The one of the best places to get currency exchange is at the Faa'a International Airport when you arrive, or at one of these banks; Westpac or Socredo. Hotels are more convenient, but you get less for your dollar there. French Polynesia's economy is in full expansion. The gross domestic product (GDP) increased more than 4% every year, since 1997.Hundred of new businesses were created during the past three years and they created thousands of new jobs. Such a favorable evolution is the result of the Territorial Government's policy of several years in close consultation with the French State and all of the Territory's living strength to assure that the development of French Polynesia has new and long-lasting foundations.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 Hawaii, 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 Tahition pearts which accounted for 55% of exports (in value) in 2008.
- Paperback | 278 pages
- 215.9 x 273.05 x 19.05mm | 657.71g
- 20 Mar 2009
- Intl Business Pubns USA
- Study Guide, Updated, Annual, Reprint