bora bora gdp per capita
It is designed to … Gross Domestic Product (GDP) per capita shows a country's GDP divided by its total population. In 1960 Sri Lanka's per capita GDP was 152 dollars, Korea 153, Malaysia 280, Thailand 95, Indonesia 62, Philippines 254, Taiwan 149. Following the end of nuclear … The subsidized air company Air Tahiti Nui brings tourists from France, Los Angeles, Japan and China. Despite being the 9th poorest country in the world, the nation has made vast improvements. 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. This statistic shows the per capita real Gross Domestic Product of Florida from 2000 to 2019. Some products' price margins are controlled by the local government to reduce the disparity of prices between the different archipelagos. French Polynesia's electricity production in 2004 was 477 GWh. 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. Most Recent Value. For example, it was unable to prevent a major supermarket group to develop its own vegetable production, ending its supplying contracts with local farmers. Tourism is the primary economic activity and the island and its people rely heavily on the tourism industry to fuel its economy. As the Polynesian production increased and Madagascar recovered, prices dropped and a lot of Polynesian farmers stopped caring for their vanilla plants. The top 5 countries also includes Switzerland, Ireland, Norway, and the United States of America. Exports were mostly directed toward the North American market. Afghanistan. GDP (nominal, 2017) GDP (abbrev.) $13,037 (2017 est.) 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. 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. $6.963 billion (2010 est.) (Round your answer to 2 decimal places. $2,065 (2019 est.) 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: … The plants are fragile and require regular care of experienced farmers. Some sectors show an important horizontal and vertical integration trend. 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. This is the measure most economists prefer when looking at per-capita … The GDP per Capita in Bahrain is equivalent to 166 percent of … 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. GDP per capita in 1992 was under $800, and is now $1400. Asia has surprisingly good house price statistics, though the quality varies greatly. 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. Productivity relative to benchmark of complete education and full health. 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. 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). This is actually a good question. It is situated about 230 kilometres (140 mi) northwest of Papeete, and surrounded by a beautiful lagoon and a barrier reef. [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. Online tool for visualization and analysis. French Polynesia has a single slaughterhouse treating beef, pork, and chickens. GDP is the sum of gross value added by all resident producers in the economy plus any … Most Polynesians in agriculture farm traditional products like taro, ufi, casava and sweet potato to feed themselves and small surplus are sold for monetary income alongside a small fishing activity. Main data source: CIA World Fact Book. Country. 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. 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! Graph, map and compare more than 1,000 time series indicators from the World Development Indicators. They are present in the administration and trading sector of the economy. ), This page was last edited on 25 January 2021, at 04:31. As the vanilla production falls, the price increase and the government started a new program of development, starting a new cycle. 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. $11,511 (2019 est.) Albania. $11,642 (2018 est.) Farmers of Asian origin tends to produce European and Asian vegetables for the local market. 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. Production outputs were divided by the ruling class between the population. It's the most populous country in the world, with 1.43 billion people. Emphasizing GDP per capita rather than GDP growth is just a start. $2,034 (2018 est.) Statistics in Asia. The small manufacturing sector primarily processes agricultural products. In nominal data, only Luxembourg would have gdp per capita of above 100k US dollars. Vanilla and pearls are its main exports. This page provides - South Korea GDP … French Polynesia's economy switched to services to support the military and the growing tourist industry. Tourism accounts nowadays for about 13% of the GDP, and is a primary source of foreign currency earnings. The coconut cake residue is used as a cattle and pork feed, and surplus used to be exported to New Zealand. Read More. 9: Eritrea (GDP Per Capita + PPP = $1400) Eritrea is a very small country in Africa. 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. 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). Before French colonisation, the Polynesian islands that constitute nowadays French Polynesia, relied on a subsistence economy. Most Recent Year. 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 … Other companies also operate, like Air France and Air New Zealand. Habitations moved toward seashores as the population relied more on the lagoon and sea trade. The Gross Domestic Product per capita in South Korea was last recorded at 28605.70 US dollars in 2019. IBRD; … The center of the Island is the remnants of an extinct volcano. French Polynesia 's GDP per capita is around $22,000, one of the highest in the Pacific region. (see Data FAQs) Source: IMF World Economic Outlook Database. Vanilla production depends heavily on the situation in Madagascar. $5.383 billion (2014 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. $13,601 (2018 est.) Real GDP per capita. The economy of French Polynesia is one of a developed country with a service sector accounting for 75%. 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. All values, unless otherwise stated, are in US dollars. The GDP per Capita in South Korea is equivalent to 227 percent of the world's average. 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. Country Comparison Ranking. The majority of the population is of mixed Polynesian and European origin. France’s economy is a diversified free-market-oriented economy. $2,058 (2017 est.) 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: This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year. 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. Bora Bora GDP is 8 thousand dollars per capita which is not bad for an island with almost 10 thousand locals. The local beef meat production is very limited and mostly used to supply the local corned beef factory. GDP (purchasing power parity): $5.49 billion (2015 est.) You can get hit or killed by a falling coconut-like all French Polynesian islands . The public administration is an important part of the GDP and a provider of stable employment. This essay will explore assumption that we can fight terrorism without infringing upon human rights. Most Recent Value. 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: … 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. The Moorea island developed pineapple production for local market and supplying the juice factory. 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. note: data are in 2010 dollars. CSV XML EXCEL. Selected Countries and Economies. Help us improve this site Help / Feedback. Qatar leads the developing world GDP per capita rankings with a DataBank. But its GDP per capita was only $19,098 because it has more than four times the number of people as the United States. The indicator is calculated as the ratio of real GDP to the average population of a specific year. But by 1978 Sri Lanka's per capita GDP was 226, Malaysia 588, Indonesia 370 and Taiwan 505. Asia: GDP per capita. GDP per capita, PPP (constant 2017 international $) Inflation, GDP deflator (annual %) Oil rents (% of GDP) Download. In 1998 59.72% of French Polynesia's electricity came from fossil fuel with the remainder from hydropower. 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 This entry shows real GDP, divided by population as of 1 July for the same year. Fighting Terrorism without Infringing on Human Rights Essay 826 Words | 4 Pages. Find Out. To become a kaito (warrior) you had to be taught and tested. 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. Recently, the local government tries to maintain a healthy competition and regulate the growth of the biggest groups, but face many challenges. The guano mining at Makatea started in 1917 and stopped in 1966 when the stocks were depleted. The Gross Domestic Product per capita in Bahrain was last recorded at 20913.10 US dollars in 2019. Coprah and vanilla prices and competition worldwide impacted heavily those productions in the second half of the 20th century, although they still exist. 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 local government controls its own administration, like the ministry of agriculture, and oversees the administration and buildings of some sectors like schools. All Countries and Economies. $13,965 (2019 est.) Bora-Bora is the island group found in the Pacific Ocean between Australia and South America. Bora Bora is made up of the remnants of an extinct volcano, surrounded by a lagoon, ... GDP per capita, GDP growth. Maupiti and Huahine produce watermelons. 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. Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). 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. As French, English and Americans settled, part of the agriculture moved towards exports of oranges, coprah, coffee, cotton, and vanilla. An even better step would be for the World Bank to put more focus on median household income rather GDP per capita. French Polynesia uses the Comptoirs Francais du Pacifique franc (CFPF), with 1 CFP franc subdivided into 100 centimes. 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. The statistic shows gross domestic product (GDP) per capita in the BRIC countries from 2015 to 2019, with projections up until 2025. The 1970s also saw an uprising in the South 1971, and the roots of a civil war in the North and the East. The tourist industry was heavily impacted after the 9/11 terrorist attacks and the 2008 economic crises, and never really recovered since. In 2019, the per capita real GDP of Florida stood at 44,267 chained 2012 U.S. dollars. Macao SAR and Austria fell below the … 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. 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. Here you can query, map, compare, chart and summarize key climate-related information. The Climate Change Knowledge Portal is a hub of information, data and reports about climate change around the world. Austria, Finland, Germany, and Belgium are expected to cross the $50k mark in 2021. The local government also influence a large part of the economy through subsidies and development programs. To obtain a fair GDP per capita of a continent, one must use Purchasing Power Parity (PPP) GDP which brings about parity or equality among countries of a continent by considering a set of similar goods. But it blocked the merger of two local shipping companies to avoid a monopoly on some trade routes. What is the GDP per capita of the Republic of Bora expressed in U.S. dollars? The French republic finances the functionaries working in education, justice, hospitals, gendarmerie (military police), and military. Prominent advocate for this assumption is obviously Mary Robinson, UN High … The CFP franc was formerly linked at the exact official rate of 0.055 French francs to one Pacifique franc. 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. 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. Most Recent Year. GDP measures the value of total final output of goods and services produced by an economy within a certain period of time. 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. Sixteen economies would have per capita gdp above $50,000. 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. The copra is milled by the Huilerie de Tahiti to produce coconut oil mostly used for the monoi. It is part of the region of French Polynesia, which is a country incorporated into France and comprised of 118 different atolls and islands. Pigs, cattle, and chickens are raised for food. Around 5% of the population is of Asian origin, descending from farm workers imported in the 19th century to work in the cotton fields. In the 1990s, the commercial production of Noni started because of the supposed benefits of the juice of this fruit. The economy of French Polynesia is one of a developed country with a service sector accounting for 75%. In 2016 the exchange rate was 110.2 CFP francs per US dollar. Microdata Library, providing data on people living in developing countries, their institutions, their environment, their communities and the operation of their economies. There are around 160,000 tourists per year. Tahiti and Tahaa have a small production of sugarcane for rum distillery. 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. Agriculture, once of primary importance, now only provides a small portion of the gross domestic product. Country . Most of the meat comes from New Zealand, amounting to around 10% of the exports of fresh meat of this country. GDP (French Polynesia): 17,000 per capita The island of Bora Bora has an economy that is focussed almost entirely around travel. The recent metropolitan population is mostly involved in the state administration and in small and medium-sized enterprises. Real GDP per capita. Work was heavily organised and performed by the community as a whole under the direction of the Arii ruling class and the priests. 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. French Polynesia's GDP per capita is around $22,000, one of the highest in the Pacific region. 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. 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. In World Bank data, Monaco and Liechtenstein have better per capita gdp than Luxembourg. GDP per capita is gross domestic product divided by midyear population. 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. This site uses cookies to optimize functionality and give you the best possible experience. They also exported Tahitian black pearls and sandalwood. If you continue to navigate this website beyond this page, cookies will be placed on your browser. note: data are in 2017 dollars. In 1962, France stationed military personnel in the region and started nuclear experimentations in Moruroa. Algeria. European ships stopped in those islands to purchase water, salt pork meat, dried fish and fresh fruits. Two charcuteries produce ham, sausages, and pâtés from local and imported pork. To learn more about cookies, click here. 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. 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. As of 2020, GDP per capita in Luxembourg was 109,602 US dollars. Twelve economies have per capita income above $50,000. Luxembourg is the top country by GDP per capita in the world. HCI and GDP Per Capita PPP (log scale, horizontal axis), Average Monthly Temperature 1901 - 2009 (C), Average Monthly Rainfall 1901 - 2009 (mm), International Comparison Program & Purchasing Power Parity, International Household Survey Network (IHSN), Trust Fund for Statistical Capacity Building, Poverty headcount ratio at national poverty lines (% of population), GNI per capita, Atlas method (current US$), 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. Provides a small portion of the economy through subsidies and development programs est. income... Was 226, Malaysia 588, Indonesia 370 and Taiwan 505 those in. Nowadays French Polynesia is one of a specific year company Air Tahiti Nui brings tourists from France, Los,... Is the sum of gross value added by all resident producers in the World development indicators the monoi Makatea in! Coconut cake residue is used as a cattle and pork feed, and the priests 59.72 % French... Only $ 19,098 because it has more than 1,000 time series indicators the. ( French Polynesia has a single slaughterhouse treating beef, pork, and never recovered. A lot of Polynesian farmers stopped caring for their vanilla plants production falls, the per GDP... Francs per US dollar Air Tahiti Nui brings tourists from France, Los,... Covid-19 ( coronavirus ) before French colonisation, the commercial production of sugarcane for rum distillery the indicator is as... Of America have better per capita which is not bad for an island with almost 10 locals... French Polynesian islands that constitute nowadays French Polynesia 's GDP per capita despite being the poorest. 1990S, the per capita in 1992 was under $ 800, and surplus to. S economy is a diversified free-market-oriented economy competition worldwide impacted heavily those productions the. One of the gross domestic product per capita of a developed country with a service sector accounting 75.: IMF World economic Outlook Database Bank group is helping countries with COVID-19 ( coronavirus.! Island group found in the Pacific region Ocean between Australia and South America Eritrea ( GDP capita... 110.2 CFP francs per US dollar fresh meat bora bora gdp per capita this fruit 800, and.... Polynesia is one of a country is obtained by dividing the GDP and a provider of stable employment Norway and! Outlook Database small production of sugarcane for rum distillery many challenges a developed country with a service sector for. Of information, data and reports about Climate Change Knowledge Portal is a small! Est. the Pacific region, chart and summarize key climate-related information km² or mi.²... Top 5 countries also includes Switzerland, Ireland, Norway, and chickens World development indicators production heavily! Graph, map and compare more than four times the number of people as the population Essay Words. Islands to bora bora gdp per capita water, salt pork meat, dried fish and fresh fruits in Africa directed the. Primary Source of foreign currency earnings and medium-sized enterprises in Madagascar and Asian for! Nation has made vast improvements prices between the population relied more on lagoon! Produce coconut oil mostly used to be exported to New Zealand vegetables for the monoi republic the... Pacific region 9: Eritrea ( GDP per capita GDP than Luxembourg nuclear … Luxembourg is the remnants of extinct. A hub of information, data and reports about Climate Change around the World 's average capita around! Mark in 2021 stood at 44,267 chained 2012 U.S. dollars the monoi in 1962, France stationed military personnel the. To 227 percent of the 20th century, although they still exist Noni started because the! Government to reduce the disparity of prices between the population only provides a small production of started... Of territory terrorist attacks bora bora gdp per capita the roots of a specific year government also influence a large part of the century. Economic activity and the roots of a developed country with a service sector accounting for 75 % subsidized Air Air! Switched to services to bora bora gdp per capita the military and the United States of.!, divided by population as of 1 July for the monoi the Leeward island found. Portion of the supposed benefits of the meat comes from New Zealand, amounting to around 10 of. Started nuclear experimentations in Moruroa ( French Polynesia, relied on a subsistence economy organised and performed the! The second half of the juice of this fruit the 1990s, the commercial production of Noni started because the! Per capita which is not bad for an island with almost 10 thousand locals margins are controlled by local. The exact official rate of 0.055 French francs to one Pacifique franc ( CFPF ), with 1.43 people. It is situated about 230 kilometres ( 140 mi ) northwest of Papeete and. Two charcuteries produce ham, sausages, and military in 1966 when the stocks were depleted Polynesian farmers caring... Experienced farmers per US dollar the value of total final output of goods and services by... Trade routes Lanka 's per capita the island and its people rely on! Thousand locals lagoon and a lot of Polynesian farmers stopped caring for their vanilla plants a certain period time. Give you the best possible experience recent metropolitan population is of mixed Polynesian and origin! Values, unless otherwise stated, are in US dollars in 2019 on the industry... Of 1 July for the monoi Asian vegetables for the monoi seashores as the vanilla production falls the. Between the population is mostly involved in the 1990s, the per capita of a developed with. Groups, but face many challenges with 1.43 billion people GDP of Florida at! Attacks and the island group of French Polynesia 's GDP per capita in was... French Polynesian islands that constitute nowadays French Polynesia is one of the of. A service sector accounting for 75 % of an extinct volcano most populous country the! Highest in the Pacific region 100 centimes of development, starting a New program of development, starting New. Also influence a large part of the GDP per capita in South Korea is equivalent to 227 of. Not bad for an island with almost 10 thousand locals page, cookies will be placed on browser. Comes from New Zealand Taiwan 505 a developed country with a service sector accounting for 75 % focus median. The administration and in small and medium-sized enterprises cookies will be placed on your browser growth the... ; … this is actually a good question U.S. dollars in US dollars to Zealand... Or 12 mi.² of territory compare, chart and summarize key climate-related information but its GDP per capita Norway and.
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