New Caledonian Economy, New Caledonia Economy
Advertisement
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 one-fourth 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: NA
GDP - real growth rate: NA%
GDP - per capita: Purchasing power parity - $15,000 (2003 est.)
GDP - composition by sector: Agriculture: 5% industry: 30% services: 65% (1997 est.)
Population below poverty line: NA%
Household income or consumption by percentage share: Lowest 10%: NA% highest 10%: NA%
Distribution of family income - Gini index:
Inflation rate (consumer prices):
Labor force: 79,400 (including 15,018 unemployed) (1996)
Labor force - by occupation: Agriculture 7%, industry 23%, services 70% (1999 est.)
Unemployment rate: 19% (1996)
Budget: Revenues: $861.3 million expenditures: $735.3 million, including capital expenditures of $52 million (1996 est.)
Industries: Nickel mining and smelting
Industrial production growth rate: -0.6% (1996)
Electricity - production: 1.581 billion kWh (2002)
Electricity - production by source:
Electricity - consumption: 1.471 billion kWh (2002)
Electricity - exports: 0 kWh (2002)
Electricity - imports: 0 kWh (2002)
Oil - production: 0 bbl/day (2001 est.)
Oil - consumption: 8,750 bbl/day (2001 est.)
Oil - exports: NA
Oil - imports: NA
Oil - proved reserves:
Natural gas - production:
Natural gas - consumption:
Natural gas - exports:
Natural gas - imports:
Natural gas - proved reserves:
Agriculture - products: Vegetables; beef, deer, other livestock products
Exports: $448 million f.o.b. (2002)
Exports - commodities: Ferronickels, nickel ore, fish
Exports - partners: Japan 22%, France 16.5%, Taiwan 12.3%, South Korea 12%, Spain 6.3%, Australia 6.1%, China 4.8%, South Africa 4.5% (2004)
Imports: $1.007 billion f.o.b. (2002)
Imports - commodities: Machinery and equipment, fuels, chemicals, foodstuffs
Imports - partners: France 40.3%, Singapore 10.9%, Australia 9.1%, New Zealand 4.9% (2004)
Debt - external: $79 million (1998 est.)
Economic aid - recipient: $880 million annual subsidy from France (1998)
Currency:
Currency code:
Exchange rates: Comptoirs Francais du Pacifique francs (XPF) per US dollar - 96.04 (2004), 105.66 (2003), 126.71 (2002), 133.26 (2001), 129.43 (2000)
Fiscal year: Calendar year
Advertisement
The information here has been derived from Public Domain Sources such as the CIA World Factbook. No liability can be taken for any inaccuracies.
Tot: 0.028s; Tpl: 0.011s; cc: 3; qc: 2; dbt: 0.0064s; 1; m:domysql w:travelblog (10.17.0.13); sld: 1;
; mem: 1mb