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New Caledonia Economy 2015

SOURCE: 2015 CIA WORLD FACTBOOK AND OTHER SOURCES











New Caledonia Economy 2015
SOURCE: 2015 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on June 20, 2014

Economy - overview:
New Caledonia has about 25% of the world's known nickel reserves. Only a small amount of the land is suitable for cultivation, and food accounts for about 20% of imports. In addition to nickel, substantial financial support from France - equal to more than 15% of GDP - and tourism are keys to the health of the economy; during 2009-10, France sent more development assistance to New Caledonia than to any of its other overseas territories. Substantial new investment in the nickel industry, combined with the recovery of global nickel prices, brightens the economic outlook for the next several years.

GDP (purchasing power parity):
$9.28 billion (2008 est.)
country comparison to the world: 154

$3.158 billion (2003 est.)
[see also: GDP country ranks ]

GDP (official exchange rate):
$9.28 billion (2008 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
0.6% (2008 est.)
country comparison to the world: 183
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$37,700 (2008 est.)
country comparison to the world: 33

$15,000 (2003 est.)
[see also: GDP - per capita country ranks ]

GDP - composition, by end use:
household consumption: 63.5%
government consumption: 27.6%
investment in fixed capital: 29.2%
investment in inventories: 0%
exports of goods and services: 25.1%
imports of goods and services: -45.4%

(2013 est.)

GDP - composition, by sector of origin:
agriculture: 2.1%
industry: 30%
services: 67.9% (2013 est.)

Agriculture - products:
vegetables; beef, venison, other livestock products; fish

Industries:
nickel mining and smelting

Industrial production growth rate:
8% (2013 est.)
country comparison to the world: 28
[see also: Industrial production growth rate country ranks ]

Labor force:
106,400 (2010)
country comparison to the world: 183
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 20%
industry: 20%
services: 60% (2002)

Unemployment rate:
17.1% (2004)
country comparison to the world: 150
[see also: Unemployment rate country ranks ]

Population below poverty line:
NA%
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%

Budget:
revenues: $996 million
expenditures: $1.072 billion (2001 est.)

Budget surplus (+) or deficit (-):
NA% of GDP
[see also: Budget surplus (+) or deficit (-) country ranks ]

Fiscal year:
calendar year

Inflation rate (consumer prices):
1.7% (2013 est.)
country comparison to the world: 49

1.7% (2012 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Market value of publicly traded shares:
$NA
[see also: Market value of publicly traded shares country ranks ]

Exports:
$1.321 billion (2012 est.)
country comparison to the world: 152

$1.661 billion (2011 est.)
[see also: Exports country ranks ]

Exports - commodities:
ferronickels, nickel ore, fish

Exports - partners:
Japan 17.2%, France 16.3%, South Korea 12.3%, China 9.6%, Australia 8.4%, Belgium 4.9% (2012)

Imports:
$3.245 billion (2012 est.)
country comparison to the world: 143

$3.698 billion (2011 est.)
[see also: Imports country ranks ]

Imports - commodities:
machinery and equipment, fuels, chemicals, foodstuffs

Imports - partners:
France 33.5%, Singapore 22.5%, Australia 11.7%, NZ 5.1% (2012)

Debt - external:
$79 million (1998 est.)
country comparison to the world: 191
[see also: Debt - external country ranks ]

Exchange rates:
Comptoirs Francais du Pacifique francs (XPF) per US dollar -

85.74 (2011 est.)
90.01 (2010 est.)


NOTE: 1) The information regarding New Caledonia on this page is re-published from the 2015 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of New Caledonia Economy 2015 information contained here. All suggestions for corrections of any errors about New Caledonia Economy 2015 should be addressed to the CIA.
2) The rank that you see is the CIA reported rank, which may habe the following issues:
  a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
  b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order






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