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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 12,230 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 2.55 percent. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 100.0 percent lower.


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 14.9 to 16.4 percent.

Unemployment rates in percentages 1991 - 2021

Economic performance 2021

 New Caledonia
Total
New Caledonia
per capita
EU
Total
EU
per capita
GDP10.07 bn USD37,159.55 USD17.177 tn USD33,384.92 USD
Gross national product2.82 bn USD10,396.49 USD16.895 tn USD32,835.37 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
Imports3.38 bn USD12,456.89 USD8.916 tn USD17,329.02 USD
Exports1.88 bn USD6,918.64 USD9.554 tn USD18,569.19 USD


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

Exports
Imports



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