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World > Oceania > New Caledonia > Economy (Facts)

New Caledonia - Economy (Facts)
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.
GDP - real growth rate: NA
GDP (purchasing power parity): $3.158 billion (2003 est.)
GDP (official exchange rate): $3.3 billion (2003 est.)
GDP - per capita (PPP): $15,000 (2003 est.)
GDP - composition by sector: agriculture: 15%
industry: 8.8%
services: 76.2% (2003)
Population below poverty line: NA
Household income or consumption by percentage share: lowest 10%: NA
highest 10%: NA
Inflation rate (consumer prices): 1.4% (2000 est.)
Labor force: 78,990 (2004)
Labor force - by occupation: agriculture: 20%
industry: 20%
services: 60% (2002)
Unemployment rate: 17.1% (2004)
Budget: revenues: $996 million
expenditures: $1.072 billion (2001 est.)
Industries: nickel mining and smelting
Industrial production growth rate: -0.6% (1996)
Electricity - production: 1.675 billion kWh (2004)
Electricity - consumption: 1.558 billion kWh (2004)
Electricity - exports: 0 kWh (2004)
Electricity - imports: 0 kWh (2004)
Oil - production: 0 bbl/day (2004 est.)
Oil - consumption: 10,000 bbl/day (2004 est.)
Oil - exports: NA bbl/day
Oil - imports: NA bbl/day
Oil - proved reserves: 0 bbl
Natural gas - production: 0 cu m (2004 est.)
Agriculture - products: vegetables; beef, deer, other livestock products; fish
Exports: $1.085 billion f.o.b. (2005 est.)
Exports - commodities: ferronickels, nickel ore, fish
Exports - partners: Japan 17.3%, France 13.3%, China 10.8%, Taiwan 10.1%, Spain 9.4%, South Korea 8.9%, Belgium 7.3%, Italy 6%, Australia 4.6% (2006)
Imports: $1.78 billion f.o.b. (2005 est.)
Imports - commodities: machinery and equipment, fuels, chemicals, foodstuffs
Imports - partners: France 39.1%, Singapore 15.4%, Australia 11.5%, NZ 4.9% (2006)
Debt - external: $79 million (1998 est.)
Economic aid - recipient: $525 million annual subsidy from France (2004)
Currency: CFP Franc (XPF)

Current CFP Franc Exchange Rates
Historical CFP Franc Exchange Rates
Chart CFP Franc Exchange Rates
Currency code: XPF
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)
Fiscal year: calendar year


Facts at a Glance: Geography - People - Government - Economy - Communications - Transportation - Military - Climate - Current Time - Ranking Positions - CFP Franc Exchange Rates



Facts at a Glance
Geography
People
Government
Economy
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Transportation
Military
Climate
Current Time
Ranking Positions
CFP Franc Exchange Rates







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