Economy of New Caledonia

in Allgemein 09.03.2022 12:45
von ConfidusSolutions • 7 Beiträge

New Caledonia is considered a developed nation. A nation's level of development is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality and quality of life. As a developed nation, New Caledonia is able to provide social services such as public education, healthcare and law enforcement to its citizens. Citizens of developed countries enjoy a high standard of living and longer life expectancies than citizens of developing countries. Every year New Caledonia exports about US$1.32 billion and imports about US$3.24 billion. 14.8% of the country's population is unemployed. The total number of unemployed in New Caledonia is 41,414. The country's Gini index is 43.32. New Caledonia is experiencing poor equality. The gap between the richest and poorest citizens in this country is quite palpable.


The currency of New Caledonia is the CFP Franc. The plural form of the word CFP-Franken is CFP-Franken. The symbol used for this currency is Fr and is abbreviated as XPF. The CFP franc is divided into cents; there are 100 in a cfp franc.

Credit rating

Creditworthiness is the degree to which international investors trust a country to pay off debt and honor the country's lending commitments. There is no information on the creditworthiness of New Caledonia.

Central bank

In New Caledonia, the institution that manages the state's currency, money supply and interest rates is called the Overseas Issuing Institute. Locally, the central bank of New Caledonia is called the Institut d'émission d'Outre-Mer.

National debt

New Caledonia has a public debt equal to 48.4% of the country's gross domestic product (GDP) as estimated in 2014.

Tax information

Corporate tax in New Caledonia is 30%. Personal income tax ranges from 0% to 40% depending on your specific situation and income level.


The total Gross Domestic Product (GDP) in New Caledonia is 9.712 billion. Based on this statistic, New Caledonia is considered to be medium strong. Middle economy countries support an average number of industries and investment opportunities. It shouldn't be too difficult to find worthwhile investment opportunities in mid-sized economies. The gross domestic product (GDP) per capita in New Caledonia was last at 35 million US dollars. The average citizen in New Caledonia has very little wealth. Countries with very low wealth per capita often have lower life expectancies and a dramatically lower quality of life for their citizens. In countries with very low levels of prosperity, it can be very difficult to find a highly skilled workforce as citizens find it difficult to obtain the training required for specialized industries. However, labor can be found at very low rates compared to countries with higher wealth per capita. The annual GDP growth rate in New Caledonia averaged 2.8% in 2014. According to this percentage, New Caledonia is currently experiencing modest growth.


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