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.)
country comparison to the world: 176
[see also: GDP country ranks ]

GDP (official exchange rate):
$3.3 billion (2003 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
NA%
[see also: GDP - real growth rate country ranks ]

GDP - per capita (PPP):
$15,000 (2003 est.)
country comparison to the world: 83
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: 2%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 27.1%
[see also: GDP - composition by sector - industry country ranks ]
services: 70.8% (2011 est.)
[see also: GDP - composition by sector - services country ranks ]

Labor force:
102,600 (2007)
country comparison to the world: 182
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 20%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 20%
[see also: Labor force - by occupation - industry country ranks ]
services: 60% (2002)
[see also: Labor force - by occupation - services country ranks ]

Unemployment rate:
17.1% (2004)
country comparison to the world: 156
[see also: Unemployment rate country ranks ]

Population below poverty line:
NA%
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: NA%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: NA%
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Investment (gross fixed):
27.9% of GDP (2011 est.)
country comparison to the world: 42
[see also: Investment (gross fixed) country ranks ]

Budget:
revenues: $996 million
[see also: Budget revenues country ranks ]
expenditures: $1.072 billion (2001 est.)
[see also: Budget expenditures country ranks ]

Taxes and other revenues:
30.2% of GDP (2001 est.)
country comparison to the world: 87
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-2.3% of GDP (2001 est.)
country comparison to the world: 89
[see also: Budget surplus (+) or deficit (-) country ranks ]

Inflation rate (consumer prices):
2.6% (2011 est.)
country comparison to the world: 36