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    New Caledonia Index 2006

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    New Caledonia Economy - 2006
    https://theodora.com/wfbcurrent/new_caledonia/new_caledonia_economy.html
    SOURCE: 2006 CIA WORLD FACTBOOK

      Economy - overview:
      New Caledonia has about 25% of the world's known nickel resources. 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 one-fourth of GDP - and tourism are keys to the health of the economy. 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):
      $3.158 billion (2003 est.)

      GDP (official exchange rate):
      NA

      GDP - real growth rate:
      NA%

      GDP - per capita (PPP):
      $15,000 (2003 est.)

      GDP - composition by sector:
      agriculture: 5%
      industry: 30%
      services: 65% (1997 est.)

      Labor force:
      78,900 (including 11,300 unemployed) (2004)

      Labor force - by occupation:
      agriculture: 7%
      industry: 23%
      services: 70% (1999 est.)

      Unemployment rate:
      19% (1996)

      Population below poverty line:
      NA%

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

      Inflation rate (consumer prices):
      -0.6% (2000 est.)

      Budget:
      revenues: $861.3 million
      expenditures: $735.3 million; including capital expenditures of $52 million (1996 est.)

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

      Industries:
      nickel mining and smelting

      Industrial production growth rate:
      -0.6% (1996)

      Electricity - production:
      1.581 billion kWh (2003)

      Electricity - consumption:
      1.47 billion kWh (2003)

      Electricity - exports:
      0 kWh (2003)

      Electricity - imports:
      0 kWh (2003)

      Oil - production:
      0 bbl/day (2003 est.)

      Oil - consumption:
      10,000 bbl/day (2003 est.)

      Oil - exports:
      NA bbl/day

      Oil - imports:
      NA bbl/day

      Natural gas - production:
      0 cu m (2003 est.)

      Natural gas - consumption:
      0 cu m (2003 est.)

      Exports:
      $999 million f.o.b. (2004 est.)

      Exports - commodities:
      ferronickels, nickel ore, fish

      Exports - partners:
      Japan 22%, France 16.5%, Taiwan 12.3%, South Korea 12%, Spain 6.3%, Australia 6.1%, China 4.8%, South Africa 4.5% (2004)

      Imports:
      $1.636 billion f.o.b. (2004 est.)

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

      Imports - partners:
      France 40.3%, Singapore 10.9%, Australia 9.1%, NZ 4.9% (2004)

      Debt - external:
      $79 million (1998 est.)

      Economic aid - recipient:
      $880 million annual subsidy from France (1998)

      Currency (code):
      Comptoirs Francais du Pacifique franc (XPF)

      Exchange rates:
      Comptoirs Francais du Pacifique francs (XPF) per US dollar - 95.89 (2005), 96.04 (2004), 105.66 (2003), 126.71 (2002), 133.26 (2001)

      Fiscal year:
      calendar year


      NOTE: The information regarding New Caledonia on this page is re-published from the 2006 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of New Caledonia Economy 2006 information contained here. All suggestions for corrections of any errors about New Caledonia Economy 2006 should be addressed to the CIA.

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    https://theodora.com/wfbcurrent/new_caledonia/new_caledonia_economy.html

    Revised 06-Jun-06
    Copyright © 2006 Photius Coutsoukis (all rights reserved)


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