Economy ———-
Economic overview: New Caledonia has more than 20% of the world's known nickel resources. In recent years, the economy has suffered because of depressed international demand for nickel, the principal source of export earnings. Only a negligible amount of the land is suitable for cultivation, and food accounts for about 25% of imports.
GDP: purchasing power parity - $1.5 billion (1995 est.)
GDP real growth rate: NA%
GDP per capita: $8,000 (1995 est.)
GDP composition by sector: agriculture: 5% industry: 35% services: 60% (1992 est.)
Inflation rate (consumer prices): 1.4% (1990)
Labor force: 70,044 (1988) by occupation: agriculture 32%, industry 20%, services 40%, mines 8% (1992)
Unemployment rate: 15% (1994)
Budget:
revenues: $540 million
expenditures: $540 million, including capital expenditures of $NA
(1991 est.)