| People | 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 (official exchange rate):
|
$3.3 billion (2003 est.) |
GDP - real growth rate:
|
NA% |
GDP - per capita (PPP):
|
$15,000 (2003 est.) |
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.) |
Labor force:
|
78,990 (2004) |
Labor force participation rate:
|
35.13 % 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:
|
4,431 USD per capita |
Public debt:
|
void |
Industries:
|
nickel mining and smelting |
Industrial production growth rate:
|
-0.6% (1996) |
Electricity - production:
|
1.508 billion kWh (2005) |
Electricity - production per capita:
|
6,708 kWh per capita |
Electricity - consumption:
|
1.403 billion kWh (2005) |
Electricity - consumption - per capita:
|
6,241 kWh per capita |
Electricity - exports:
|
0 kWh (2005) |
Electricity - imports:
|
0 kWh (2005) |
Oil - production:
|
0 bbl/day (2005 est.) |
Oil - production per capita:
|
void |
Oil - consumption:
|
11,000 bbl/day (2005 est.) |
Oil - consumption - per capita:
|
17.86 bbl/year per capita |
Oil - exports:
|
605.7 bbl/day (2004) |
Oil - imports:
|
11,980 bbl/day (2004) |
Oil - proved reserves:
|
0 bbl (1 January 2006 est.) |
Natural gas - production:
|
0 cu m (2005 est.) |
Natural gas - production per capita:
|
void |
Natural gas - consumption:
|
0 cu m (2005 est.) |
Natural gas - consumption - per capita:
|
void |
Natural gas - exports:
|
0 cu m (2005 est.) |
Natural gas - imports:
|
0 cu m (2005) |
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:
|
5,965 USD per capita |
Exports - commodities:
|
ferronickels, nickel ore, fish |
Exports - partners:
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Japan 21.1%, China 14.6%, Taiwan 14%, France 12.1%, Belgium 10.9%, Spain 9%, Australia 4.1% (2006) |
Imports:
|
$1.998 billion f.o.b. (2006) |
Imports per capita:
|
8,887 USD per capita |
Imports - commodities:
|
machinery and equipment, fuels, chemicals, foodstuffs |
Imports - partners:
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France 37.8%, Singapore 15.1%, Australia 12%, NZ 5.3%, Germany 4.7% (2006) |
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:
|
352 USD per capita |
Stock of direct foreign investment - at home:
|
void |
Stock of direct foreign investment - abroad:
|
void |
Market value of publicly traded shares:
|
$NA |
Economic aid - donor:
|
void |
Economic aid - recipient:
|
$524.3 million annual subsidy from France (2004) |
Economic aid - recipient per capita:
|
2,333 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), 95.025 (2006), 95.89 (2005), 96.04 (2004), 105.66 (2003) |
Fiscal year:
|
calendar year |
|
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