The economic architecture of New Caledonia is substantial, anchored by a Gross Domestic Product (GDP) of approximately $9.62B
2022
The economy demonstrates solid, consistent growth, expanding at a healthy rate of 3.5%
2022
, accompanied by a stable price environment, with inflation (CPI) contained at 0.6%.
2016
On the global stage, New Caledonia's trade and financial dynamics reveal a complex interplay of international and domestic factors. The nation's economic activity is heavily reliant on foreign goods, running a considerable trade deficit with imports at 37.9% of GDP and exports at 21.0%
2017
. The investment climate attracts significant Foreign Direct Investment (FDI), with inflows constituting 7.24% of the economy
2022
Furthermore, personal remittances from its diaspora are a vital component of the economy, amounting to a substantial $621.06M annually
2023
.
The socio-economic landscape is characterized by a Gross National Income (GNI) per capita of $35,430
2021
The country confronts significant labor market challenges, evidenced by a high unemployment rate of 11.2%.
2024
A key feature of the workforce is its concentration in the services sector, which accounts for 75.9% of total employment
2023
.
In the environmental and energy sectors, the nation's policies and outcomes reflect its developmental priorities. The energy portfolio remains heavily dependent on conventional sources, with renewables contributing a modest 9.6%
2022
Total greenhouse gas emissions were last recorded at 6.61K tonnes of CO2 equivalent
2023
, a key factor in its national climate strategy and international obligations.

Key Economic Insights

Macroeconomic Health

Balancing growth, inflation, and employment remains the core challenge for economic stewardship.

Trade & Investment Profile

The orientation towards global trade and foreign investment is a defining feature of the economic landscape.

Social Equity & Distribution

Ensuring equitable distribution of economic gains is fundamental for long-term social and political stability.

Energy & Sustainability

A heavy dependence on fossil fuels poses significant long-term risks, including exposure to price volatility, energy insecurity, and climate change impacts.

More About This Country

Neighbors & Regional Peers

Note: The information on this page has been compiled from authoritative sources. While every effort is made to ensure accuracy, please note that some figures may not be current or entirely precise.