The Gross Domestic Product (GDP) in New Caledonia expanded 1 percent in 2017 from the previous year.

GDP Annual Growth Rate in New Caledonia averaged 2.96 percent from 1998 until 2017, reaching an all time high of 6.90 percent in 2010 and a record low of 0.60 percent in 2008. This page provides - New Caledonia Gdp Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. New Caledonia GDP Annual Growth Rate - values, historical data and charts - was last updated on September of 2020.

GDP Annual Growth Rate in New Caledonia is expected to reach -3.00 percent by the end of 2020, 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 2.00 percent in 2021 and 1.50 percent in 2022, according to our econometric models.

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New Caledonia GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.00 1.00 6.90 0.60 1998 - 2018 percent Yearly

New Caledonia GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 1.00 1.00 6.90 0.60 percent [+]
GDP 10.00 9.90 10.30 0.16 USD Billion [+]

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.