Introduction - New Caledonia: |
Location - New Caledonia: |
People - New Caledonia: |
Government - New Caledonia: |
Economy - New Caledonia: |
Economy overview | New Caledonia has about 25% of the worlds 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. |
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Gdp purchasing power parity | $3.158 billion (2003 est.) |
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Gdp official exchange rate | $3.3 billion (2003 est.) |
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Gdp real growth rate | NA% |
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Gdp per capita ppp | $15,000 (2003 est.) |
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Gdp composition by sector | agriculture: 15%
industry: 8.8%
services: 76.2% (2003) |
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Labor force | 78,990 (2004) |
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Labor force by occupation | agriculture: 20%
industry: 20%
services: 60% (2002) |
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Unemployment rate | 17.1% (2004) |
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Population below poverty line | NA% |
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Household income or consumption by percentage share | lowest 10%: NA%
highest 10%: NA% |
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Inflation rate consumer prices | 1.4% (2000 est.) |
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Budget | revenues: $996 million
expenditures: $1.072 billion (2001 est.) |
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Agriculture products | vegetables; beef, deer, other livestock products; fish |
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Industries | nickel mining and smelting |
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Industrial production growth rate | -0.6% (1996) |
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Electricity production | 1.675 billion kWh (2004) |
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Electricity consumption | 1.558 billion kWh (2004) |
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Electricity exports | 0 kWh (2004) |
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Electricity imports | 0 kWh (2004) |
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Oil production | 0 bbl/day (2004 est.) |
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Oil consumption | 10,000 bbl/day (2004 est.) |
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Oil exports | NA bbl/day |
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Oil imports | NA bbl/day |
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Oil proved reserves | 0 bbl |
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Natural gas production | 0 cu m (2004 est.) |
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Natural gas consumption | 0 cu m (2004 est.) |
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Exports | $1.085 billion f.o.b. (2005 est.) |
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Exports commodities | ferronickels, nickel ore, fish |
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Exports partners | Japan 17.3%, France 13.3%, China 10.8%, Taiwan 10.1%, Spain 9.4%, South Korea 8.9%, Belgium 7.3%, Italy 6%, Australia 4.6% (2006) |
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Imports | $1.78 billion f.o.b. (2005 est.) |
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Imports commodities | machinery and equipment, fuels, chemicals, foodstuffs |
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Imports partners | France 39.1%, Singapore 15.4%, Australia 11.5%, NZ 4.9% (2006) |
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Debt external | $79 million (1998 est.) |
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Economic aid recipient | $525 million annual subsidy from France (2004) |
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Currency code | Comptoirs Francais du Pacifique franc (XPF) |
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Exchange rates | Comptoirs Francais du Pacifique francs (XPF) per US dollar - 95.025 (2006), 95.89 (2005), 96.04 (2004), 105.66 (2003), 126.71 (2002) |
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Communications - New Caledonia: |
Transportation - New Caledonia: |
Military - New Caledonia: |
This page was last updated on 16 September, 2007