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Indicators of economy in New Caledonia

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2020 was at about 12.259 USD per capita. GDP in New Caledonia, on the other hand, reached USD 34.611 per capita, or 9.44 billion USD in the whole country. New Caledonia is one of the smaller economies and is currently ranked 147. If this is calculated per inhabitant, then New Caledonia is in place 38.

Inflation in New Caledonia was in 2016 at around 0.58%. Within the EU, the average in the same year was 2.55%. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 25.8% higher.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.


Back to overview: New Caledonia

Impact of the Covid-19 pandemic

Overall, the gross domestic product in New Caledonia in 2020 decreased moderatly from 9.44 billion US Dollar to 9.44 billion US Dollar. Certainly, there have been shifts in some sectors of the economy, but a minus of 0.028% is still comparatively good this year. Numerous countries suffered more substantial losses. The unemployment rate rose from 14.9 to 16.4 percent.

Unemployment rates in percent 1991 - 2021

Economic performance 2020

 New Caledonia
Total
New Caledonia
per capita
EU
Total
EU
per capita
GDP9.44 bn USD34,610.56 USD17.09 tn USD33,228.68 USD
Gross national product2.82 bn USD10,335.85 USD16.78 tn USD32,621.03 USD


Development of the Gross domestic product in billion US Dollar 1970 - 2020



Im- and Exports 2016

 New Caledonia
Total
New Caledonia
per capita
EU
Total
EU
per capita
Imports3.38 bn USD12,384.23 USD8,916.24 bn USD17,337.55 USD
Exports1.88 bn USD6,878.29 USD9,554.34 bn USD18,578.33 USD


Development of imports and exports in millions of USD 2002 - 2016

Exports
Imports



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