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New Caledonia Economy 2011
https://theodora.com/wfb2011/new_caledonia/new_caledonia_economy.html
SOURCE: 2011 CIA WORLD FACTBOOK AND OTHER SOURCES


















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Page last updated on January 11, 2011

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 15% 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.)
country comparison to the world: 175
[see also: GDP (purchasing power parity) country ranks ]

GDP (official exchange rate):
$3.3 billion (2003 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
NA%
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$15,000 (2003 est.)
country comparison to the world: 76
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: 15%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 8.8%
[see also: GDP - composition by sector - industry country ranks ]
services: 76.2% (2003)
[see also: GDP - composition by sector - services country ranks ]

Labor force:
102,600 (2007)
country comparison to the world: 182
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 20%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 20%
[see also: Labor force - by occupation - industry country ranks ]
services: 60% (2002)
[see also: Labor force - by occupation - services country ranks ]

Unemployment rate:
17.1% (2004)
country comparison to the world: 159
[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%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: NA%
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Budget:
revenues: $996 million
[see also: Budget - revenues country ranks ]
expenditures: $1.072 billion (2001 est.)
[see also: Budget - expenditures country ranks ]

Inflation rate (consumer prices):
1.4% (2000 est.)
country comparison to the world: 34
[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 ]

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

Industries:
nickel mining and smelting

Electricity - production:
1.825 billion kWh (2007 est.)
country comparison to the world: 134
[see also: Electricity - production country ranks ]

Electricity - consumption:
1.697 billion kWh (2007 est.)
country comparison to the world: 138
[see also: Electricity - consumption country ranks ]

Electricity - exports:
0 kWh (2008 est.)
[see also: Electricity - exports country ranks ]

Electricity - imports:
0 kWh (2008 est.)
[see also: Electricity - imports country ranks ]

Oil - production:
0 bbl/day (2009 est.)
country comparison to the world: 153
[see also: Oil - production country ranks ]

Oil - consumption:
13,000 bbl/day (2009 est.)
country comparison to the world: 144
[see also: Oil - consumption country ranks ]

Oil - exports:
645 bbl/day (2007 est.)
country comparison to the world: 124
[see also: Oil - exports country ranks ]

Oil - imports:
14,430 bbl/day (2007 est.)
country comparison to the world: 126
[see also: Oil - imports country ranks ]

Oil - proved reserves:
0 bbl (1 January 2010 est.)
country comparison to the world: 150
[see also: Oil - proved reserves country ranks ]

Natural gas - production:
0 cu m (2008 est.)
country comparison to the world: 156
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
0 cu m (2008 est.)
country comparison to the world: 130
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
0 cu m (2008 est.)
country comparison to the world: 86
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
0 cu m (2008 est.)
country comparison to the world: 147
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
0 cu m (1 January 2010 est.)
country comparison to the world: 151
[see also: Natural gas - proved reserves country ranks ]

Exports:
$1.341 billion (2006)
country comparison to the world: 144
[see also: Exports country ranks ]

Exports - commodities:
ferronickels, nickel ore, fish

Exports - partners:
France 27.52%, Japan 14.87%, Taiwan 10.51%, Spain 7.74%, China 7.31%, Australia 6.64%, Belgium 5.13%, South Korea 4.2% (2009)

Imports:
$1.998 billion (2006)
country comparison to the world: 152
[see also: Imports country ranks ]

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

Imports - partners:
France 39.89%, Singapore 14.12%, Australia 12.5%, NZ 5.42% (2009)

Debt - external:
$79 million (1998 est.)
country comparison to the world: 184
[see also: Debt - external country ranks ]

Exchange rates:
Comptoirs Francais du Pacifique francs (XPF) per US dollar - 87.59 (2007), 94.97 (2006), 95.89 (2005), 96.04 (2004), 105.66 (2003)


NOTE: The information regarding New Caledonia on this page is re-published from the 2011 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of New Caledonia Economy 2011 information contained here. All suggestions for corrections of any errors about New Caledonia Economy 2011 should be addressed to the CIA.



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