Economy
Economy - 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. In addition to nickel, financial support from France and tourism are key to the health of the economy.
GDP: purchasing power parity - $1.5 billion (1995 est.)
GDP - real growth rate: NA%
GDP - per capita: purchasing power parity - $8,000 (1995 est.)
GDP - composition by sector: agriculture : 5% industry: 35% services: 60% (1992 est.)
Inflation rate - consumer price index: 1.4% (1990)
Labor force: total : 70,044 (1988) by occupation: agriculture 32%, industry 20%, services 40%, mining 8% (1992)
Unemployment rate: 15% (1994)
Budget: revenues: $755.6 million expenditures: $755.6 million, including capital expenditures of $NA (1995 est.)