Economy of New Caledonia
chemicals, foodstuffs | |
Main import partners | France 43% Australia 12% Singapore 12% China 6% (2019 est.)[2] |
---|---|
Gross external debt | $112 million (31 December 2013 est.) |
All values, unless otherwise stated, are in US dollars |
2007-2008 global financial crisis. Only a negligible amount of the land is suitable for cultivation, and food accounts for about 20% of imports. In addition to nickel, the substantial financial support from France and tourism are keys to the health of the economy. In the 2000s, large additions were made to nickel mining capacity. The Goro Nickel Plant is expected to be one of the largest nickel producing plants on Earth. This plant produces an estimated 20% of the global nickel supply.[4]
However, the need to respond to environmental concerns over the country's globally recognized ecological heritage, may increasingly need to be factored into capitalization of mining operations.
The
GDP of New Caledonia in 2007 was 8.8 billion US dollars at market exchange rates, the fourth-largest economy in Oceania after Australia, New Zealand, and Hawaii.[5] The GDP per capita was 36,376 US dollars in 2007 (at market exchange rates, not at PPP), lower than in Australia and Hawaii, but higher than in New Zealand.[5]
In 2007, exports from New Caledonia amounted to 2.11 billion US dollars, 96.3% of which were mineral products and alloys (essentially
ferronickel).[6] Imports amounted to 2.88 billion US dollars.[6] 26.6% of imports came from Metropolitan France, 16.1% from other European countries, 13.6% from Singapore (mostly fuel), 10.7% from Australia, 4.0% from New Zealand, 3.2% from the United States, 3.0% from China, 3.0% from Japan, and 22.7% from other countries.[6]
Tourism
This article needs to be updated.(December 2016) |
As of 2007, about 200 Japanese couples travel to New Caledonia each year for their wedding and honeymoon. Oceania Flash reported in 2007 that one company planned to build a new wedding chapel to accommodate Japanese weddings to supplement the Le Meridien Resort in Nouméa.[7]
New Caledonia is a popular destination for Australian high school students who are studying French.[citation needed]
See also
- Economy of France in: Saint Martin, Saint Pierre and Miquelon, Wallis and Futuna
- Taxation in France
- Economic history of France
- Poverty in France
References
- CIA World Factbook. 2014. Retrieved 2015-07-18.
- CIA World Factbook. 2014. Retrieved 2015-07-18.
- ^ "Nickel" (pdf). USGS. 2011. Retrieved 2011-02-10.
- ^ Mining-technology.com. "Goro Nickel Project, New Caledonia". Retrieved 2011-02-10.
- ^ a b Institut de la statistique et des études économiques de Nouvelle-Calédonie (ISEE). "Chiffres clés" (in French). Archived from the original on 2013-10-29. Retrieved 2011-02-10.
- ^ a b c Institut de la statistique et des études économiques de Nouvelle-Calédonie (ISEE). "Bilan économique et social 2007 - Échanges Extérieurs (on page 23)" (PDF) (in French). Archived from the original (PDF) on 2008-06-25. Retrieved 2008-05-29.
- ^ "Plan for new chapel." (Archive) Papua New Guinea Post-Courier. Weekend Edition, Friday 29 January-Tuesday February 2, 2007. Retrieved on 20 August 2013.