New Caledonia/Economy

Economy of New Caledonia

An overview of key economic indicators. Select a category for detailed trends, charts, and insights.

Explore Economic Domains

Growth & Output

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GDP (USD)
$9.6B(2022)
GDP per Capita (USD)
$33,516(2022)
GDP Growth (inflation-adjusted)
3.5%(2022)
Inflation (CPI Annual %)
0.6%(2016)

Trade & Finance

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Exports (as share of GDP)
21%(2017)
Imports (as share of GDP)
37.9%(2017)
FDI Inflows (as share of GDP)
7.2%(2022)
Remittance Inflow (USD)
$621.1M(2023)

Labor & Income

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Unemployment Rate
11.2%(2024)
Employment in Services
75.9%(2023)
GNI per Capita (USD)
$35,430(2021)

Energy & Environment

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Renewable Energy Consumption (%)
9.6%(2022)

Economic Snapshot Overview

A summary of key economic indicators for New Caledonia

  • The economic architecture of New Caledonia is substantial, anchored by a Gross Domestic Product (GDP) of approximately $9.62B
    2022
    The economy demonstrates solid growth, expanding at a rate of 3.5%
    2022
    , accompanied by stable price levels, with inflation (CPI) at 0.6%
    2016
    .
  • On the global stage, the nation's trade and financial dynamics reveal a complex interplay of factors. The nation runs a trade deficit, with exports at 21.0% of GDP and imports at 37.9%
    2017
    . Foreign Direct Investment (FDI) inflows are significant, constituting 7.24% of the economy
    2022
    Additionally, personal remittances received amount to a substantial $621.06M annually
    2023
    , highlighting the economic importance of its diaspora.
  • The socio-economic landscape is characterized by a Gross National Income (GNI) per capita of $35,430
    2021
    The country faces significant labor market challenges, with an unemployment rate of 11.2%
    2024
    . The services sector is a primary driver of the labor market, accounting for 75.9% of total employment
    2023
    .
  • On the environment and energy front, The energy mix is still heavily reliant on traditional sources, with renewables contributing 9.6%
    2022

Key Economic Insights

Macroeconomic Health

Maintaining a balance between growth, inflation, and employment is the central challenge for economic policymakers.

Trade & Investment Profile

The degree of openness to trade and foreign investment is a major determinant of economic structure and resilience.

Social Equity & Distribution

Distributing the benefits of economic growth equitably is crucial for social cohesion and long-term stability.

Energy & Sustainability

Heavy reliance on fossil fuels creates significant long-term risks related to climate change, price volatility, and energy security.

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.