| Economy | New Caledonia |
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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.) |
GDP - per capita (PPP):
 | $15,000 (2003 est.) |
GDP (official exchange rate):
 | $3.3 billion (2003 est.) |
GDP - real growth rate:
 | NA% |
GDP - composition by sector:
 | agriculture: 15% industry: 8.8% services: 76.2% (2003) |
Investment (gross fixed):
 | void |
Population below poverty line:
 | NA% |
Household income or consumption by percentage share:
 | lowest 10%: NA% highest 10%: NA% |
Distribution of family income - Gini index:
 | void |
Inflation rate (consumer prices):
 | 1.4% (2000 est.) |
Central bank discount rate:
 | void |
Commercial bank prime lending rate:
 | void |
Stock of money:
 | void |
Stock of money - per capita:
 | void |
Stock of quasi money:
 | void |
Stock of quasi money - per capita:
 | void |
Stock of domestic credit:
 | void |
Stock of domestic credit - per capita:
 | void |
Labor force:
 | 78,990 (2004) |
Labor force participation rate:
 | 34.73 % of population |
Labor force - by occupation:
 | agriculture: 20% industry: 20% services: 60% (2002) |
Unemployment rate:
 | 17.1% (2004) |
Budget:
 | revenues: $996 million expenditures: $1.072 billion (2001 est.) |
Budget revenues per capita:
 | 4,380 USD per capita |
Public debt:
 | void |
Industries:
 | nickel mining and smelting |
Industrial production growth rate:
 | void |
Electricity - production:
 | 1.602 billion kWh (2006 est.) |
Electricity - production per capita:
 | 7,044 kWh per capita |
Electricity - consumption:
 | 1.49 billion kWh (2006 est.) |
Electricity - consumption - per capita:
 | 6,552 kWh per capita |
Electricity - exports:
 | 0 kWh (2007 est.) |
Electricity - imports:
 | 0 kWh (2007 est.) |
Oil - production:
 | 0 bbl/day (2007 est.) |
Oil - production per capita:
 | void |
Oil - consumption:
 | 11,560 bbl/day (2006 est.) |
Oil - consumption - per capita:
 | 18.55 bbl/year per capita |
Oil - exports:
 | 356.2 bbl/day (2005) |
Oil - imports:
 | 11,780 bbl/day (2005) |
Oil - proved reserves:
 | 0 bbl (1 January 2006 est.) |
Natural gas - production:
 | 0 cu m (2007 est.) |
Natural gas - production per capita:
 | void |
Natural gas - consumption:
 | 0 cu m (2007 est.) |
Natural gas - consumption - per capita:
 | void |
Natural gas - exports:
 | 0 cu m (2007 est.) |
Natural gas - imports:
 | 0 cu m (2007 est.) |
Natural gas - proved reserves:
 | 0 cu m (1 January 2006 est.) |
Agriculture - products:
 | vegetables; beef, deer, other livestock products; fish |
Current account balance:
 | void |
Current account balance - per capita:
 | void |
Exports:
 | $1.341 billion f.o.b. (2006) |
Exports per capita:
 | 5,897 USD per capita |
Exports - commodities:
 | ferronickels, nickel ore, fish |
Exports - partners:
 | Japan 20.1%, China 14.5%, Taiwan 14.2%, France 11.6%, Belgium 10.4%, Spain 8.6%, South Africa 6.9% (2007) |
Imports:
 | $1.998 billion f.o.b. (2006) |
Imports per capita:
 | 8,785 USD per capita |
Imports - commodities:
 | machinery and equipment, fuels, chemicals, foodstuffs |
Imports - partners:
 | France 36.7%, Singapore 14.7%, Australia 12.1%, NZ 5.2%, Germany 4.6% (2007) |
Reserves of foreign exchange and gold:
 | void |
Reserves of foreign exchange and gold - per capita:
 | void |
Debt - external:
 | $79 million (1998 est.) |
Debt - external - per capita:
 | 348 USD per capita |
Stock of direct foreign investment - at home:
 | void |
Stock of direct foreign investment - at home - per capita:
 | void |
Stock of direct foreign investment - abroad:
 | void |
Stock of direct foreign investment - abroad - per capita:
 | void |
Market value of publicly traded shares:
 | $NA |
Market value of publicly traded shares - per capita:
 | void |
Economic aid - donor:
 | void |
Economic aid - recipient:
 | $524.3 million annual subsidy from France (2004) |
Economic aid - recipient per capita:
 | 2,306 USD per capita |
Currency (code):
 | Comptoirs Francais du Pacifique franc (XPF) |
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) |
Fiscal year:
 | calendar year |
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