New Caledonia:
Economy

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Other pages in this profile of New Caledonia:
Geography, People, Government, Communications & Transportation, Military & Transnational Issues.


Economy - overview	Definition 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)	Definition - World rank and map $3.158 billion (2003 est.)
GDP (official exchange rate)	Definition $3.3 billion (2003 est.)
GDP - real growth rate	Definition - World rank and map NA%
GDP - per capita	Definition - World rank and map $15,000 (2003 est.)
GDP - composition by sector	Definition agriculture: 15% industry: 8.8% services: 76.2% (2003)
Labor force	Definition 78,990 (2004)
Labor force - by occupation	Definition agriculture: 20% industry: 20% services: 60% (2002)
Unemployment rate	Definition - World rank and map 17.1% (2004)
Population below poverty line	Definition NA%
Household income or consumption by percentage share	Definition lowest 10%: NA% highest 10%: NA%
Inflation rate (consumer prices)	Definition - World rank and map 1.4% (2000 est.)
Budget	Definition revenues: $996 million expenditures: $1.072 billion (2001 est.)
Agriculture - products	Definition vegetables; beef, deer, other livestock products; fish
Industries	Definition nickel mining and smelting
Industrial production growth rate	Definition - World rank and map -0.6% (1996)
Electricity - production	Definition - World rank and map 1.508 billion kWh (2005)
Electricity - consumption	Definition - World rank and map 1.403 billion kWh (2005)
Electricity - consumption per capita	Definition - World rank and map 6,240.5 kWh (2005)
Electricity - exports	Definition 0 kWh (2005)
Electricity - imports	Definition 0 kWh (2005)
Oil - production	Definition - World rank and map 0 bbl/day (2005 est.)
Oil - consumption	Definition - World rank and map 11,000 bbl/day (2005 est.)
Oil - consumption per 1,000 people	Definition - World rank and map 48.9 bbl/day (2005 est.)
Oil - exports	Definition - World rank and map 605.7 bbl/day (2004)
Oil - imports	Definition - World rank and map 11,980 bbl/day (2004)
Oil - proved reserves	Definition - World rank and map 0 bbl (1 January 2006 est.)
Natural gas - production	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - consumption	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - consumption per capita	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - exports	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - imports	Definition - World rank and map 0 cu m (2005)
Natural gas - proved reserves	Definition - World rank and map 0 cu m (1 January 2006 est.)
Exports	Definition - World rank and map $1.341 billion f.o.b. (2006)
Exports - commodities	Definition ferronickels, nickel ore, fish
Exports - partners	Definition Japan 21.1%, China 14.6%, Taiwan 14%, France 12.1%, Belgium 10.9%, Spain 9%, Australia 4.1% (2006)
Imports	Definition - World rank and map $1.998 billion f.o.b. (2006)
Imports - commodities	Definition machinery and equipment, fuels, chemicals, foodstuffs
Imports - partners	Definition France 37.8%, Singapore 15.1%, Australia 12%, NZ 5.3%, Germany 4.7% (2006)
Debt - external	Definition - World rank and map $79 million (1998 est.)
Market value of publicly traded shares	Definition $NA
Economic aid - recipient	Definition $524.3 million annual subsidy from France (2004)
Currency (code)	Definition Comptoirs Francais du Pacifique franc (XPF)
Exchange rates	Definition 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	Definition calendar year

New Caledonia: Economy

New Caledonia:
Economy