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EconomyEconomy - 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) World Ranking: 177
$3.158 billion (2003 est.)
Gdp (official exchange rate)
$3.3 billion (2003 est.)
Gdp - real growth rate
NA%
Gdp - per capita (ppp) World Ranking: 83
$15,000 (2003 est.)
Gdp - composition by sector
Agriculture 2%
Industry 27.1% Services 70.9% (2011 est.) Labor force World Ranking: 183
102,600 (2007)
Labor force - by occupation
Agriculture 20%
Industry 20% Services 60% (2002) Unemployment rate World Ranking: 155
17.1% (2004)
Population below poverty line
NA%
Household income or consumption by percentage share
Lowest 10% NA%
Highest 10% NA% Budget
Revenues $996 million
Expenditures $1.072 billion (2001 est.) Taxes and other revenues World Ranking: 90
30.2% of GDP (2001 est.)
Budget surplus (+) or deficit (-) World Ranking: 81
-2.3% of GDP (2001 est.)
Inflation rate (consumer prices) World Ranking: 37
2.4% (2011 est.)
2.7% (2010 est.) Market value of publicly traded shares
$NA
Agriculture - products
Vegetables; beef, deer, other livestock products; fish Industries
Nickel mining and smelting
Electricity - production World Ranking: 136
1.8 billion kWh (2008 est.)
Electricity - consumption World Ranking: 139
1.674 billion kWh (2008 est.)
Electricity - exports
0 kWh (2009 est.)
Electricity - imports
0 kWh (2009 est.)
Oil - production World Ranking: 208
0 bbl/day (2010 est.)
Oil - consumption World Ranking: 143
14,000 bbl/day (2010 est.)
Oil - exports World Ranking: 122
648.3 bbl/day (2009 est.)
Oil - imports World Ranking: 132
14,330 bbl/day (2009 est.)
Oil - proved reserves World Ranking: 172
0 bbl (1 January 2011 est.)
Natural gas - production World Ranking: 106
0 cu m (2009 est.)
Natural gas - consumption World Ranking: 114
0 cu m (2009 est.)
Natural gas - exports World Ranking: 152
0 cu m (2009 est.)
Natural gas - imports World Ranking: 101
0 cu m (2009 est.)
Natural gas - proved reserves World Ranking: 109
0 cu m (1 January 2011 est.)
Exports World Ranking: 157
$969.4 million (2009 est.)
$1.272 billion Exports - commodities
Ferronickels, nickel ore, fish
Exports - partners
Japan 19.5%, France 18.3%, Australia 12.9%, South Korea 10.5%, Belgium 5.1%, US 4.8%, China 4.3%, Spain 4.1% (2011) Imports World Ranking: 142
$3.313 billion (2010 est.)
$2.58 billion Imports - commodities
Machinery and equipment, fuels, chemicals, foodstuffs Imports - partners
France 33.8%, Singapore 19.2%, Australia 11.9%, NZ 4.7%, China 4.4% (2011) Debt - external World Ranking: 190
$79 million (1998 est.)
Exchange rates
Comptoirs Francais du Pacifique francs (XPF) per US dollar - 90.01 (2011 est.)90.01 (2010 est.) Fiscal year
Calendar year
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New Caledonia [ France ] (Overseas Territory):
 
GPS points from New Caledonia [ France ] (Overseas Territory)
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Settled by both Britain and France during the first half of the 19th century, the island was made a French possession in 1853. It served as a penal colony for four decades after 1864. Agitation for independence during the 1980s and early 1990s ended in the 1998 Noumea Accord, which over a period of 15 to 20 years will transfer an increasing amount of governing responsibility from France to New Caledonia. The agreement also commits France to conduct a referendum between 2014 and 2018 to decide whether New Caledonia should assume full sovereignty and independence.