Economy New Caledonia
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
one-fourth 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):
NA
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% (1997 est.)
Labor force: 78,990 (including 11,300 unemployed) (2004)
Labor force - by occupation: agriculture: 20% industry: 20% services: 60% (1999 est.)
Unemployment rate:
17.1% (2004)