New Caledonia Economic Statistics and Indicators
12, Apr 2021, EDT. Welcome to the New Caledonia economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.
Economic Indicators For: New Caledonia › Change country
National or Regional Currency: Pacific Franc, XPF
Year of data: 2015 › Change year
Number of Indicators Listed:
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 267,840 (July 2014 est.)
Area: total: 18,575 sq km ; land: 18,275 sq km ; water: 300 sq km
Natural Resources: nickel, chrome, iron, cobalt, manganese, silver, gold, lead, copper
Capital: name: Noumea ; geographic coordinates: 22 16 S, 166 27 E ; time difference: UTC+11 (16 hours ahead of Washington, DC during Standard Time)
New Caledonia has about 25% of the world's known nickel reserves. 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; during 2009-10, France sent more development assistance to New Caledonia than to any of its other overseas territories. 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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