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New Caledonia Economy 2009
http://www.geographic.org/wfb2009/new_caledonia/new_caledonia_economy.html
SOURCE: 2009 CIA WORLD FACTBOOK

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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 (purchasing power parity):
$3.158 billion (2003 est.)

GDP (official exchange rate):
$3.3 billion (2003 est.)

GDP - real growth rate:
NA%

GDP - per capita (PPP):
$15,000 (2003 est.)

GDP - composition by sector:
agriculture: 15%
industry: 8.8%
services: 76.2% (2003)

Labor force:
78,990 (2004)

Labor force - by occupation:
agriculture: 20%
industry: 20%
services: 60% (2002)

Unemployment rate:
17.1% (2004)

Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%

Budget:
revenues: $996 million
expenditures: $1.072 billion (2001 est.)

Inflation rate (consumer prices):
1.4% (2000 est.)

Market value of publicly traded shares:
$NA

Agriculture - products:
vegetables; beef, deer, other livestock products; fish

Industries:
nickel mining and smelting

Electricity - production:
1.602 billion kWh (2006 est.)

Electricity - consumption:
1.49 billion kWh (2006 est.)

Electricity - exports:
0 kWh (2007 est.)

Electricity - imports:
0 kWh (2007 est.)

Oil - production:
0 bbl/day (2007 est.)

Oil - consumption:
11,560 bbl/day (2006 est.)

Oil - exports:
356.2 bbl/day (2005)

Oil - imports:
11,780 bbl/day (2005)

Oil - proved reserves:
0 bbl (1 January 2006 est.)

Natural gas - production:
0 cu m (2007 est.)

Natural gas - consumption:
0 cu m (2007 est.)

Natural gas - exports:
0 cu m (2007 est.)

Natural gas - imports:
0 cu m (2007 est.)

Natural gas - proved reserves:
0 cu m (1 January 2006 est.)

Exports:
$1.341 billion f.o.b. (2006)

Exports - commodities:
ferronickels, nickel ore, fish

Exports - partners:
Japan 20.1%, China 14.5%, Taiwan 14.2%, France 11.6%, Belgium 10.4%, Spain 8.6%, South Africa 6.9% (2007)

Imports:
$1.998 billion f.o.b. (2006)

Imports - commodities:
machinery and equipment, fuels, chemicals, foodstuffs

Imports - partners:
France 36.7%, Singapore 14.7%, Australia 12.1%, NZ 5.2%, Germany 4.6% (2007)

Debt - external:
$79 million (1998 est.)

Exchange rates:
Comptoirs Francais du Pacifique francs (XPF) per US dollar - 87.59 (2007), 94.97 (2006), 95.89 (2005), 96.04 (2004), 105.66 (2003)


NOTE: The information regarding New Caledonia on this page is re-published from the 2009 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of New Caledonia Economy 2009 information contained here. All suggestions for corrections of any errors about New Caledonia Economy 2009 should be addressed to the CIA.



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This page was last modified 10-Jun-09
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