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France’s Pacific territories: nickel, tourism and the challenge of the health crisis
[France-Pacifique, nickel et tourisme au défi de la crise sanitaire]

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In the face of the Covid-19 crisis, New Caledonia’s economy, which is highly dependent on nickel, is showing some resilience thanks to the buoyant global nickel market, while French Polynesia’s economy is being harder hit by the lockdown measures due to the high weight of tourism. The impact of the crisis is nonetheless being limited by non-market services, which are a key source of resilience in both territories. Face à la crise de la Covid-19, alors que l’économie de la Nouvelle-Calédonie, fortement dépendante du nickel, résiste dans un marché mondial bien orienté, celle de la Polynésie Française se montre plus vulnérable aux restrictions sanitaires, compte tenu du poids du tourisme. L’impact est toutefois limité grâce aux services non marchands, facteur important de résilience dans les deux territoires.

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Handle: RePEc:bfr:econot:216
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File URL: https://www.banque-france.fr/en/publications-and-statistics/publications/frances-pacific-territories-nickel-tourism-and-challenge-health-crisis
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File URL: https://www.banque-france.fr/fr/publications-et-statistiques/publications/france-pacifique-nickel-et-tourisme-au-defi-de-la-crise-sanitaire
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