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New Caledonia Economy 2017
https://theodora.com/wfbcurrent/new_caledonia/new_caledonia_economy.html
SOURCE: 2017 CIA WORLD FACTBOOK AND OTHER SOURCES











New Caledonia Economy 2017
SOURCE: 2017 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on January 12, 2017

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. In October 2014, French Prime Minster Manuel VALLS confirmed financial support to New Caledonia totaling $500 million for the period 2016-20. The new government, which inherited a $112 million deficit in 2013, is expected to focus on bringing the territory’s budget back into balance.Substantial new investment in the nickel industry — including two major new plants - combined with the recovery of global nickel prices, has brightened the economic outlook for the next several years. In 2015, New Caledonia helped fill China’s shortfall in nickel supplies left by an Indonesian ban on nickel ore exports.

GDP (purchasing power parity):
$11.1 billion (2014 est.) $10.8 billion (2013 est.) $10.57 billion (2012)
country comparison to the world: 156
[see also: GDP country ranks ]

GDP (official exchange rate):
$11.1 billion (2014 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
2.8% (2014 est.) 2.2% (2013) 2.9% (2012)
country comparison to the world: 104
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$38,800 (2012 est.) $36,500 (2010 est.) $27,300 (2005)
country comparison to the world: 42
[see also: GDP - per capita country ranks ]

GDP - composition, by end use:
household consumption: 63.2%
[see also: GDP - composition, by end use - household consumption country ranks ]
government consumption: 24.1%
[see also: GDP - composition, by end use - government consumption country ranks ]
investment in fixed capital: 40.5%
[see also: GDP - composition, by end use - investment in fixed capital country ranks ]
investment in inventories: 0%
[see also: GDP - composition, by end use - investment in inventories country ranks ]
exports of goods and services: 20%
[see also: GDP - composition, by end use - exports of goods and services country ranks ]
imports of goods and services: -47.8% (2016 est.)
[see also: GDP - composition, by end use - imports of goods and services country ranks ]

GDP - composition, by sector of origin:
agriculture: 1.5%
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry: 25.1%
[see also: GDP - composition, by sector of origin - industry country ranks ]
services: 73.4% (2016 est.)
[see also: GDP - composition, by sector of origin - services country ranks ]

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

Industries:
nickel mining and smelting

Industrial production growth rate:
1.6% (2016 est.)
country comparison to the world: 122
[see also: Industrial production growth rate country ranks ]

Labor force:
106,400 (2010 est.)
country comparison to the world: 182
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 2.7%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 22.4%
[see also: Labor force - by occupation - industry country ranks ]
services: 74.9% (2010)
[see also: Labor force - by occupation - services country ranks ]

Unemployment rate:
17.1% (2004)
country comparison to the world: 161
[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 ]

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

Fiscal year:
calendar year

Inflation rate (consumer prices):
1% (2016 est.) 0.6% (2015 est.)
country comparison to the world: 65
[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:
$1.565 billion (2014 est.) $1.565 billion (2014 est.)
country comparison to the world: 144
[see also: Exports country ranks ]

Exports - commodities:
ferronickels, nickel ore, fish

Exports - partners:
China 31.8%, Japan 15.2%, South Korea 10.7%, Australia 8.1%, France 7.4%, Belgium 5.1% (2015)

Imports:
$3.323 billion (2014 est.) $3.323 billion (2014 est.)
country comparison to the world: 136
[see also: Imports country ranks ]

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

Imports - partners:
France 35.1%, Australia 11.3%, South Korea 8.5%, Singapore 5.4%, Malaysia 5.3%, China 4.5%, NZ 4.1% (2015)

Debt - external:
$112 million (31 December 2013 est.) $79 million (31 December 1998 est.)
country comparison to the world: 193
[see also: Debt - external country ranks ]

Exchange rates:
Comptoirs Francais du Pacifique francs (XPF) per US dollar - 107.54 (2015 est.) 89.8 (2014 est.)

NOTE: The information regarding New Caledonia on this page is re-published from the 2017 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of New Caledonia Economy 2017 information contained here. All suggestions for corrections of any errors about New Caledonia Economy 2017 should be addressed to the CIA.




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