| 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. |
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| GDP | NA |
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| GDP - real growth rate | NA% |
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| GDP - composition by sector | agriculture: 15%
industry: 8.8%
services: 76.2% (2003) |
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| Population below poverty line | NA% |
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Household income or consumption
by percentage share | lowest 10%: NA%
highest 10%: NA% |
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| Labor force | 78,990 (2004) |
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| Labor force - by occupation | agriculture: 20%
industry: 20%
services: 60% (2002) |
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| Unemployment rate | 17.1% (2004) |
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| Budget | revenues: $996 million
expenditures: $1.072 billion (2001 est.) |
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| Industries | nickel mining and smelting |
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| Industrial production growth rate | -0.6% (1996) |
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Electricity -
production | 1.675 billion kWh (2004) |
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Electricity -
production by source | fossil fuel: 76.3%
hydro: 23.7%
nuclear: 0%
other: 0% (2001) |
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Electricity -
consumption | 1.558 billion kWh (2004) |
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Electricity -
exports | 0 kWh (2004) |
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Electricity -
imports | 0 kWh (2004) |
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| Oil - production | 0 bbl/day (2004 est.) |
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| Oil - consumption | 10,000 bbl/day (2004 est.) |
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| Oil - exports | NA bbl/day |
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| Oil - imports | NA bbl/day |
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| Agriculture - products | vegetables; beef, deer, other livestock products; fish |
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| Exports | $1.085 billion f.o.b. (2005 est.) |
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| Exports - commodities | ferronickels, nickel ore, fish |
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| Exports - partners | Japan 21.1%, France 17.2%, Taiwan 11.3%, South Korea 10%, Spain 8.9%, China 7.2%, Belgium 4.5%, South Africa 4.4% (2005) |
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| Imports | $1.78 billion f.o.b. (2005 est.) |
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| Imports - commodities | machinery and equipment, fuels, chemicals, foodstuffs |
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| Imports - partners | France 39.3%, Singapore 17.5%, Australia 13.1%, NZ 5.3% (2005) |
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| Debt - external | $79 million (1998 est.) |
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| Economic aid - recipient | $525 million annual subsidy from France (2004) |
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| Currency code | XPF |
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| Exchange rates | Comptoirs Francais du Pacifique francs (XPF) per US dollar - 95.025 (2006), 95.89 (2005), 96.04 (2004), 105.66 (2003), 126.71 (2002) |
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| Fiscal year | calendar year |
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