Finance of French Polynesia
The minimum monthly wage in French Polynesia is 1728 USD. French Polynesia has a government debt of 17% of the country's Gross Domestic Product (GDP), as assessed in 2013. With regard to consumer prices, the inflation rate in French Polynesia is 1.1%. The currency of French Polynesia is cfp franc. The plural form of the word cfp franc is CFP francs. The symbol used for this currency is Fr, and it is abbreviated as XPF. The cfp franc is divided into centime; there are 100 in one cfp franc. Each year, consumers spend around $4,640 million. The ratio of consumer spending to GDP in French Polynesia is 0.07%, and the ratio of consumer spending to the world consumer market is 1.34%. The corporate tax in French Polynesia is set at 40%. VAT in French Polynesia is 16%.
Gross Domestic Product
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in French Polynesia is $7 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in French Polynesia was last recorded at $25,012. PPP in French Polynesia is considered to be good when compared to other countries. Good PPP indicates that citizens in this country rarely find it difficult to purchase local goods. Local goods can include food, shleter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance. Countries with good PPP are relatively safe locations for investments. The total Gross Domestic Product (GDP) in French Polynesia is 6,578 billion. Based on this statistic, French Polynesia is considered to have a medium economy. Countries with medium economies support an average number of industries and opportunities for investment. It should not be too difficult to find worthwhile investment opportunities in medium economies. The Gross Domestic Product (GDP) per capita in French Polynesia was last recorded at $23,011,345. The average citizen in French Polynesia has very high wealth. Countries with very high wealth per capita have an extended life expectancy and very high standard of living. Highly skilled workers can be found in many industries, and labor is very expensive in these countries. Countries with very high wealth offer opportunities for safe investments, as they are often supported by a diverse and thriving financial sector. GDP Annual Growth Rate in French Polynesia averaged -4.2% in 2014. According to this percentage, French Polynesia is currently experiencing significant decline. Countries that are experiencing significant decline could be experiencing dramatic decreases in personal consumption, employment rate, and personal income. A significant decline in GDP should warn investors that this location poses a high level of risk and should not be considered a safe location for investment.