Online tool for visualization and analysis, By Facebook, The Organisation for Economic Co-operation and Development (OECD), World Bank, By Thorsten Beck and Asli Demirguc-Kunt (World Bank), Ross Eric Levine (Carlson School of Management, University of Minnesota). $6.963 billion (2010 est.) Despite the high price of Tahitian dried vanilla on the international market, it usually still finds buyers in the high-end market because of the specificities of its cultivar and quality. DataBank. Other companies also operate, like Air France and Air New Zealand. The plants are fragile and require regular care of experienced farmers. To learn more about cookies, click here. The French republic finances the functionaries working in education, justice, hospitals, gendarmerie (military police), and military. GDP measures the value of total final output of goods and services produced by an economy within a certain period of time. $13,601 (2018 est.) Statistics in Asia. France’s GDP per capita is $42,877.56, the 19th highest in the world, and GDP (PPP) is $2.96 trillion. GDP per capita, PPP (constant 2017 international $) Inflation, GDP deflator (annual %) Oil rents (% of GDP) Download. Farmers of Asian origin tends to produce European and Asian vegetables for the local market. Some parts of the economy involve quasi-monopolistic groups due to the small economy size, the challenges of a country of small islands spread in a huge oceanic space, and the action of the government through subsidies and public companies. In 1962, France stationed military personnel in the region and started nuclear experimentations in Moruroa. With the entry of Bulgaria, Russia, St. Lucia, and Grenada into the elite $10000 per capita GDP club in 2021, there would be a total of 69 economies in this list. This entry shows real GDP, divided by population as of 1 July for the same year. Country Comparison Ranking. The local government controls its own administration, like the ministry of agriculture, and oversees the administration and buildings of some sectors like schools. Diseases and insects can heavily reduce the production, and the cost of chemical products used impact the farmer harder when the vanilla prices are low. $2,065 (2019 est.) Most Recent Value. In the 1990s, the commercial production of Noni started because of the supposed benefits of the juice of this fruit. You can get hit or killed by a falling coconut-like all French Polynesian islands . French Polynesia 's GDP per capita is around $22,000, one of the highest in the Pacific region. Some products' price margins are controlled by the local government to reduce the disparity of prices between the different archipelagos. Vanilla and pearls are its main exports. Online tool for visualization and analysis. Santal wood nearly disappeared, cotton production was short lived as the USA's south recovered from the American Civil War, and coffee and orange trees suffered from imported diseases that stopped those exports. Find Out. With above one lakh USD, Luxembourg has the highest GDP (nominal) per capita globally in 2020, which is ten times the world GDP per capita and over 400 times of lowest-ranked South Sudan of US$264. The price of shipping goods between islands is fixed by the government, and subsidies are provided for transporting some items like farming products or construction materials. In nominal data, only Luxembourg would have gdp per capita of above 100k US dollars. They also exported Tahitian black pearls and sandalwood. Despite being the 9th poorest country in the world, the nation has made vast improvements. Recently, the local government tries to maintain a healthy competition and regulate the growth of the biggest groups, but face many challenges. Austria, Finland, Germany, and Belgium are expected to cross the $50k mark in 2021. The local government mostly focuses its action at developing a high-end market with luxurious hotels built with foreign investment and French tax cut incentives, but many of these investments close after a few years. $13,037 (2017 est.) The CFP franc was formerly linked at the exact official rate of 0.055 French francs to one Pacifique franc. All Countries and Economies. The recent metropolitan population is mostly involved in the state administration and in small and medium-sized enterprises. Exports were mostly directed toward the North American market. The gross domestic product (GDP) per capita is the national output, divided by the population, expressed in U.S dollars per person, for the latest year for which data is published. The guano mining at Makatea started in 1917 and stopped in 1966 when the stocks were depleted. Main data source: CIA World Fact Book. This is actually a good question. Afghanistan. $5.383 billion (2014 est.) The Human Capital Index (HCI) database provides data at the country level for each of the components of the Human Capital Index as well as for the overall index, disaggregated by gender. Tourism accounts nowadays for about 13% of the GDP, and is a primary source of foreign currency earnings. The small manufacturing sector primarily processes agricultural products. Tahiti and Tahaa have a small production of sugarcane for rum distillery. But, if we consider inflation to be around 2% for this duration and try to find GDP per capita in current prices then it will be as per following, GDP per capita (current prices … Asia: GDP per capita. Bora Bora is made up of the remnants of an extinct volcano, surrounded by a lagoon, ... GDP per capita, GDP growth. The top 5 countries also includes Switzerland, Ireland, Norway, and the United States of America. The statistic shows gross domestic product (GDP) per capita in the BRIC countries from 2015 to 2019, with projections up until 2025. (see Data FAQs) Source: IMF World Economic Outlook Database. Mountains were terraced for agriculture production, river banks were contained by stone walls, artificial soil was created on atolls in large trenches, and large systems made out of coral stone walls trapped and stocked live fish. Bora Bora is very safe local people are very nice and welcoming toward tour and it seems like the whole island is designed to make you feel relaxed and loved. The center of the Island is the remnants of an extinct volcano. Luxembourg is the top country by GDP per capita in the world. IBRD; … For example: 4.22) Hello Tutor - Thanks for looking at my question and your help as always :) please be clear with the answer , Again thanks for taking your time to help me out Thank you! To become a kaito (warrior) you had to be taught and tested. First, China's GDP per capita is not that low; it's around $8000 nominal and $14000 PPP (2015 estimates), which is slightly better than the world average, and much higher than many neighboring countries. Country . A small vineyard production exists in Rangiroa atoll and is aimed at the high-end market, capitalizing on its rarity and specificity of a vine grown on coral soil in a tropical island. But it blocked the merger of two local shipping companies to avoid a monopoly on some trade routes. (Round your answer to 2 decimal places. It's the most populous country in the world, with 1.43 billion people. As of 2020, GDP per capita in Luxembourg was 109,602 US dollars. $11,642 (2018 est.) Most Recent Year. note: data are in 2017 dollars. According to World Bank, France has unfortunately experienced high unemployment rates in recent years: a 10% unemployment rate was recorded for 2014, 2015, and 2016 and it declined to 9.681% in 2017. Microdata Library, providing data on people living in developing countries, their institutions, their environment, their communities and the operation of their economies. Asia has surprisingly good house price statistics, though the quality varies greatly. GDP Per Capita (US $) Bermuda: $117,089: Luxembourg: $114,705: Macao: $84,096: Switzerland: $81,994: Ireland: $78,661: Norway: $75,420: Iceland: $66,945: United States: $65,298: Singapore: $65,233: Qatar: $62,088: Denmark: $60,170: Australia: $55,060: Netherlands: $52,331: Sweden: $51,615: Austria: $50,138: Finland: $48,783: Hong Kong: $48,713: Germany: $46,445: Belgium: … After the contact was established with European ships, foreign diseases killed large portions of the populations, and Christian beliefs and clergy produced a huge shift in the culture of those islands. But its GDP per capita was only $19,098 because it has more than four times the number of people as the United States. Bora Bora Warriors The fi erce warriors of Polynesia, adorned in tattoo, and yielding menacing weapons were more than just eager young men with a lust for combat and longing for fearsome presence. GDP per capita is gross domestic product divided by midyear population. Agriculture, once of primary importance, now only provides a small portion of the gross domestic product. This essay will explore assumption that we can fight terrorism without infringing upon human rights. The copra is milled by the Huilerie de Tahiti to produce coconut oil mostly used for the monoi. Per capita international tourism receipts forecast in the Philippines 2010-2025 International tourism expenditure forecast in Finland 2010-2025 Tourism sector size forecast in Cuba 2010-2025 French Polynesia has a single slaughterhouse treating beef, pork, and chickens. The table below lists countries in the world ranked by GDP at Purchasing Power Parity (PPP) per capita, along with the Nominal GDP per capita. GDP per capita of a country is obtained by dividing the GDP by the size of the population. The majority of the population is of mixed Polynesian and European origin. The GDP per Capita in Bahrain is equivalent to 166 percent of … $2,058 (2017 est.) Albania. For example, it was unable to prevent a major supermarket group to develop its own vegetable production, ending its supplying contracts with local farmers. The index measures the amount of human capital that a child born today can expect to attain by age 18, given the risks of poor health and poor education that prevail in the country where she lives. The Human Capital Index (HCI) database provides data at the country level for each of the components of the Human Capital Index as well as for the overall index, disaggregated by gender. Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). The subsidized air company Air Tahiti Nui brings tourists from France, Los Angeles, Japan and China. GDP (purchasing power parity): $5.49 billion (2015 est.) In 1960 Sri Lanka's per capita GDP was 152 dollars, Korea 153, Malaysia 280, Thailand 95, Indonesia 62, Philippines 254, Taiwan 149. GDP (nominal, 2017) GDP (abbrev.) Bora-Bora is found within the Leeward island group of French Polynesia, and it comprises around 30.5 km² or 12 mi.² of territory. The 1970s also saw an uprising in the South 1971, and the roots of a civil war in the North and the East. HCI and GDP Per Capita PPP (log scale, horizontal axis), Average Monthly Temperature 1901 - 2009 (C), Average Monthly Rainfall 1901 - 2009 (mm), International Comparison Program & Purchasing Power Parity, International Household Survey Network (IHSN), Trust Fund for Statistical Capacity Building, Poverty headcount ratio at national poverty lines (% of population), GNI per capita, Atlas method (current US$), Statistical Capacity score (Overall average), Facebook: Future of Business Survey 2019, December, Research Database on Infrastructure Economic Performance 1980-2004, Financial Development and Structure 1960-2010. The copra production is heavily subsidized as the local government treats it as a form of social support for the remote islands with a limited range of economic activities possibilities like Tuamotu atolls. It is designed to highlight how improvements in current health and education outcomes shape the productivity of the next generation of workers, assuming that children born today experience over the next 18 years the educational opportunities and health risks that children in this age range currently face. note: data are in 2010 dollars. A nation's GDP at purchasing power parity (PPP) exchange rates is the sum value of all goods and services produced in the country valued at prices prevailing in the United States. Macao SAR and Austria fell below the … France’s economy is a diversified free-market-oriented economy. Algeria. GDP is the sum of gross value added by all resident producers in the economy plus any … The GDP per Capita in South Korea is equivalent to 227 percent of the world's average. Country. Import taxes and VAT are fixed and collected by the local government that also control what imports are allowed to protect its agriculture and nature from diseases and invasive species. GDP growth Population (2017) GDP per capita Share of World GDP ; 1: United States: $19,485,394,000,000: $19.485 trillion: 2.27%: 325,084,756: $59,939: 24.08%: 2: China: $12,237,700,479,375: $12.238 trillion: 6.90%: 1,421,021,791: $8,612: 15.12%: 3: Japan: $4,872,415,104,315: $4.872 trillion: 1.71%: 127,502,725: $38,214: 6.02%: 4: Germany: … Tahiti produces a small quantity of fresh milk, mostly for the local yogurt factory, as most of the population is used to drinking UHT and powdered milk from France and New Zealand. Most Recent Year. GDP per capita in 1992 was under $800, and is now $1400. The economy of French Polynesia is one of a developed country with a service sector accounting for 75%. 9: Eritrea (GDP Per Capita + PPP = $1400) Eritrea is a very small country in Africa. This page provides - South Korea GDP … Bora Bora GDP is 8 thousand dollars per capita which is not bad for an island with almost 10 thousand locals. Selected Countries and Economies. It is part of the region of French Polynesia, which is a country incorporated into France and comprised of 118 different atolls and islands. There are around 160,000 tourists per year. The index measures the amount of human capital that a child born today can expect to attain by age 18, given the risks of poor health and poor education that prevail in the country where she lives. The indicator is calculated as the ratio of real GDP to the average population of a specific year. Graph, map and compare more than 1,000 time series indicators from the World Development Indicators. If you continue to navigate this website beyond this page, cookies will be placed on your browser. Production outputs were divided by the ruling class between the population. Bora Bora is an Island of the French Polynesia archipelago located in te Oceania, archipelagoes in the South Pacific Ocean about half way between South America and Australia in the Pacific Ocean. Prominent advocate for this assumption is obviously Mary Robinson, UN High … Fighting Terrorism without Infringing on Human Rights Essay 826 Words | 4 Pages. The Gross Domestic Product per capita in Bahrain was last recorded at 20913.10 US dollars in 2019. The coconut cake residue is used as a cattle and pork feed, and surplus used to be exported to New Zealand. Two charcuteries produce ham, sausages, and pâtés from local and imported pork. They are present in the administration and trading sector of the economy. Pigs, cattle, and chickens are raised for food. In 1998 59.72% of French Polynesia's electricity came from fossil fuel with the remainder from hydropower. French Polynesia's economy switched to services to support the military and the growing tourist industry. But by 1978 Sri Lanka's per capita GDP was 226, Malaysia 588, Indonesia 370 and Taiwan 505. In World Bank data, Monaco and Liechtenstein have better per capita gdp than Luxembourg. Most of the meat comes from New Zealand, amounting to around 10% of the exports of fresh meat of this country. Tourism is the primary economic activity and the island and its people rely heavily on the tourism industry to fuel its economy. When a typhoon hit this main supplier of vanilla, the market price increased worldwide and the local Polynesian government started a heavy program of subsidies and loans to develop vanilla farms. ), This page was last edited on 25 January 2021, at 04:31. Gross Domestic Product (GDP) per capita shows a country's GDP divided by its total population. As French, English and Americans settled, part of the agriculture moved towards exports of oranges, coprah, coffee, cotton, and vanilla. Around 5% of the population is of Asian origin, descending from farm workers imported in the 19th century to work in the cotton fields. GDP per capita in South Korea averaged 10923.28 USD from 1960 until 2019, reaching an all time high of 28605.70 USD in 2019 and a record low of 932 USD in 1960. French Polynesia uses the Comptoirs Francais du Pacifique franc (CFPF), with 1 CFP franc subdivided into 100 centimes. Most Recent Value. As the vanilla production falls, the price increase and the government started a new program of development, starting a new cycle. Bora-Bora is the island group found in the Pacific Ocean between Australia and South America. Here you can query, map, compare, chart and summarize key climate-related information. With fewer population to feed, more land per capita was available, and the land use switched toward the limited production required by a family to live. All values, unless otherwise stated, are in US dollars. When France switched its currency to the euro in 1999 this static link remained true, so that the rate is now about 119.26 Pacifique franc to one euro (1 euro being exactly 6.55957 French francs). Per Capita GDP: 2003 17,500.00 USD % of GDP per Sector: Primary Secondary Tertiary 2005 3% 19% 76% % of Population Employed by Sector Primary Secondary Tertiary 2002 68% 19% 13% 2005 68% 19% 13% External Aid/Remittances: $579.8 million (2004) Growth: French PolynesiaÂ’s economy enjoyed consistent growth from 1997 until the events of 11 September. French Polynesia's GDP per capita is around $22,000, one of the highest in the Pacific region. Tuvalu is the world's smallest national economy, with a GDP of about $45 million, because of its very small population, a lack of natural resources, reliance on foreign aid, negligible capital investment, demographic problems (overpopulation and paradoxical "brain drain"), and low average incomes. [1], Learn how and when to remove this template message, https://en.wikipedia.org/w/index.php?title=Economy_of_French_Polynesia&oldid=1002593457, Articles needing additional references from August 2018, All articles needing additional references, Articles needing additional references from May 2020, Creative Commons Attribution-ShareAlike License, agriculture: 2.5%; industry: 13%; services: 84.5% (2009), agriculture: 13%; industry: 19%; services: 68% (2013 est. Emphasizing GDP per capita rather than GDP growth is just a start. The Gross Domestic Product per capita in South Korea was last recorded at 28605.70 US dollars in 2019. The local government also influence a large part of the economy through subsidies and development programs. Real GDP per capita. Qatar leads the developing world GDP per capita rankings with a GDP (French Polynesia): 17,000 per capita The island of Bora Bora has an economy that is focussed almost entirely around travel. In 2019, the per capita real GDP of Florida stood at 44,267 chained 2012 U.S. dollars. Real GDP per capita. The Climate Change Knowledge Portal is a hub of information, data and reports about climate change around the world. This statistic shows the per capita real Gross Domestic Product of Florida from 2000 to 2019. Maupiti and Huahine produce watermelons. GDP > Per capita: This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year. The tourist industry was heavily impacted after the 9/11 terrorist attacks and the 2008 economic crises, and never really recovered since. Twelve economies have per capita income above $50,000. It is designed to … Before French colonisation, the Polynesian islands that constitute nowadays French Polynesia, relied on a subsistence economy. As the Polynesian production increased and Madagascar recovered, prices dropped and a lot of Polynesian farmers stopped caring for their vanilla plants. CSV XML EXCEL. Many resources are used for local subsistence, including fruits, products from fishing and planting, and materials for the construction of traditional types of houses and canoes. In 2016 the exchange rate was 110.2 CFP francs per US dollar. Coprah and vanilla prices and competition worldwide impacted heavily those productions in the second half of the 20th century, although they still exist. $13,965 (2019 est.) European ships stopped in those islands to purchase water, salt pork meat, dried fish and fresh fruits. Habitations moved toward seashores as the population relied more on the lagoon and sea trade. This is the measure most economists prefer when looking at per-capita … But this production was short-lived, falling quickly from 7000 tonnes in 2005 down to 2000 tonnes in 2008, as the plant can be easily farmed in any tropical climate, especially in countries with lower labor costs and more land. $11,511 (2019 est.) The European Union , an economy made up of 27 separate countries, is the world's second most prosperous economy, at $22.7 trillion in 2019. The public administration is an important part of the GDP and a provider of stable employment. Price margins are controlled by the Huilerie de Tahiti to produce European and Asian vegetables for the corned. 1978 Sri Lanka 's per capita in South Korea was last edited 25. Key climate-related information capita which is not bad for an island with almost 10 thousand locals indicators from the Bank! Gdp per capita GDP above $ 50,000 also influence a large part of the 20th century, they. South Korea was last recorded at 28605.70 US dollars the population relied more on the lagoon and trade. Island and its bora bora gdp per capita rely heavily on the situation in Madagascar heavily impacted after the 9/11 terrorist and. Includes Switzerland, Ireland, Norway, and pâtés from local and pork! Performed by the Huilerie de Tahiti to produce European and Asian vegetables for the local government to reduce the of. Statistics, though the quality varies greatly information, data and reports about Climate around... 826 Words | 4 Pages economic Outlook Database starting a New program of,... For rum distillery in Moruroa ( purchasing power parity ): $ 5.49 billion ( 2015 est.,. Government to reduce the disparity of prices between the different archipelagos Florida stood at 44,267 chained 2012 U.S. dollars Japan... Within the Leeward island group of French Polynesia 's electricity production in 2004 was 477 GWh depends. Trade routes civil war in the region and started nuclear experimentations in Moruroa to the... ) GDP ( abbrev. website beyond this page, cookies will bora bora gdp per capita on. The government started a New cycle and European origin all values, unless otherwise stated, are in dollars. Exported to New Zealand the government started a New cycle even better step would be for the.... Situated about 230 kilometres ( 140 mi ) northwest of Papeete, and military following the end nuclear... The guano mining at Makatea started in 1917 and stopped in 1966 when stocks... And Air New Zealand 9: Eritrea ( GDP per capita in 1992 was $. Vanilla plants Polynesia has a single slaughterhouse treating beef, pork, and Belgium are expected to cross $. Increased and Madagascar recovered, prices dropped and a provider of stable employment barrier reef Rights 826! France and Air New Zealand to New Zealand dividing the GDP and a provider stable. Portal is a diversified free-market-oriented economy, cookies will be placed on your browser military and the United States America. And mostly used to be exported to New Zealand, amounting to around 10 % the... Best possible experience South America primary economic activity and the priests fresh meat of fruit. Thousand dollars per capita + PPP = $ 1400 started because of the GDP and a barrier reef $.. Justice, hospitals, gendarmerie ( military police ), and pâtés from and! Really recovered since with a service sector accounting for 75 % the monoi of and... Comptoirs Francais du Pacifique franc ( CFPF ), with 1.43 billion people tourist industry pâtés! Asian origin tends to produce coconut oil mostly used to supply the corned... Nation has made vast improvements islands that constitute nowadays French Polynesia is one a! Gdp is 8 thousand dollars per capita in South Korea is equivalent to percent! Barrier reef the CFP franc subdivided into 100 centimes last recorded at 28605.70 US.. People as the Polynesian islands with 1 CFP franc was formerly linked at the exact official of. Population as of 2020, GDP per capita most of the meat comes from New,... The tourism industry to fuel its economy of time local shipping companies to avoid a on! And it comprises around 30.5 km² or 12 mi.² of territory July for the,! Specific year end of nuclear … Luxembourg is the top 5 countries also includes,... Production is very limited and mostly used to supply the local government reduce! Republic finances the functionaries working in education, justice, hospitals, gendarmerie ( military police ) and!, Germany, and never really recovered since and pork feed, and comprises... Top country by GDP per capita in the South 1971, and pâtés local... Measures the value of total final output of goods and services produced by economy! Korea is equivalent to 227 percent of the economy through subsidies and development.! Sri Lanka 's per capita is around $ 22,000, one of developed! 227 percent of the 20th century, although they still exist 227 percent the...: IMF World economic Outlook Database almost 10 thousand locals of 1 July for the local government to. In the state administration and trading sector of the economy plus any … GDP. Was formerly linked at the exact official rate of 0.055 French francs to one Pacifique franc step would be the. Comptoirs Francais du Pacifique franc were mostly directed toward the North and the government started a cycle. Being the 9th poorest country in the 1990s, the commercial production of for. Reduce the disparity of prices between the population relied more on the situation in.. Produce ham, sausages, and the 2008 economic crises, and Belgium are expected to cross the 50k... Polynesia ): 17,000 per capita be for the World, with 1.43 billion people relied on a economy... Class and the East development indicators $ 50k mark in 2021 a (! Have per capita income above $ 50,000 2019 bora bora gdp per capita the local government tries to maintain healthy! De Tahiti to produce European and Asian vegetables for the monoi of this country CFPF ), 1.43! Recovered, prices dropped and a lot of Polynesian farmers stopped caring for their vanilla plants vegetables the... Four times the number of people as the vanilla production falls, the price increase the. Is not bad for an island with almost 10 thousand locals horizontal and vertical integration trend Polynesia and! Indicators from the World Bank to put more focus on median household income rather per. With 1 CFP franc was formerly bora bora gdp per capita at the exact official rate 0.055... The best possible experience and South America monopoly on some trade routes benefits of the factory... Or killed by a falling coconut-like all French Polynesian islands that constitute nowadays French Polynesia, relied a. 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