Indicators of economy in New Caledonia
The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,183 USD per capita. GDP in New Caledonia, on the other hand, reached USD 37,160 per capita, or 10.07 billion USD for 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 36.Inflation in New Caledonia in 2016 was around 0.58%. Within the EU, the average in the same year was 9.22 percent. In the United States, it was most recently 8.00%.
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 dollars to 9.44 billion US dollars. Certainly, there have been shifts in some sectors of the economy, but a drop of 0.028 percent is still comparatively good this year. Numerous countries suffered more substantial losses. The unemployment rate rose from 10.9 to 13.6 percent.In 2021, there was already a recovery and the gross domestic product increased to 10.07 billion US dollars (=106.7% of 2019).
Unemployment rates in percentages 1991 - 2022
Economic performance 2021
New Caledonia Total | New Caledonia per capita | EU Total | EU per capita | |
---|---|---|---|---|
GDP | 10.07 bn USD | 37,159.55 USD | 17.177 tn USD | 33,384.92 USD |
Gross national product | 2.82 bn USD | 10,396.49 USD | 16.895 tn USD | 32,835.37 USD |
Development of gross domestic product in billions of USD 1970 - 2021
Imports and Exports 2016
New Caledonia Total | New Caledonia per capita | EU Total | EU per capita | |
---|---|---|---|---|
Imports | 3.38 bn USD | 12,456.89 USD | 8.916 tn USD | 17,329.02 USD |
Exports | 1.88 bn USD | 6,918.64 USD | 9.554 tn USD | 18,569.19 USD |
Development of imports and exports in millions of USD 2002 - 2016
Exports
Imports