The Gross Domestic Product (GDP) in New Caledonia expanded 2.80 percent in the fourth quarter of 2023 over the same quarter of the previous year. GDP Annual Growth Rate in New Caledonia averaged 2.27 percent from 1998 until 2023, reaching an all time high of 6.90 percent in 2010 and a record low of -2.40 percent in 2020. source: ISEE, New Caledonia

GDP Annual Growth Rate in New Caledonia is expected to reach 1.20 percent by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the New Caledonia GDP Annual Growth Rate is projected to trend around 3.00 percent in 2026 and 2.50 percent in 2027, according to our econometric models.



Related Last Previous Unit Reference
GDP 9.62 10.07 USD Billion Dec 2022
GDP Annual Growth Rate 2.80 3.50 percent Dec 2023



New Caledonia GDP Annual Growth Rate
New Caledonia is one of the richest territories in the Pacific. The country maintains a special relationship status with France and enjoys a high degree of autonomy. New Caledonia is home to 10 percent of the world’s nickel deposits. As a result, nickel processing is the most important sector of the economy. Tourism, which been growing in recent years, is also crucial for the government revenues. New Caledonia remains heavily dependent on fiscal transfers and subsidies from France.
Actual Previous Highest Lowest Dates Unit Frequency
2.80 3.50 6.90 -2.40 1998 - 2023 percent Yearly