New Caledonia GDP Annual Growth Rate

Name: New Caledonia GDP Annual Growth Rate
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: New Caledonia,GDP Annual Growth Rate,data,chart,actual,historical,values,calendar,forecast,graph,2025,2026,2027

The Gross Domestic Product (GDP) in New Caledonia contracted 13.50 percent in the fourth quarter of 2024 over the same quarter of the previous year. GDP Annual Growth Rate in New Caledonia averaged 1.69 percent from 1998 until 2024, reaching an all time high of 6.90 percent in 2010 and a record low of -13.50 percent in 2024. source: ISEE, New Caledonia

GDP Annual Growth Rate in New Caledonia is expected to reach -3.00 percent by the end of 2026, 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 2027 and 2.50 percent in 2028, according to our econometric models.

Related	Last	Previous	Unit	Reference
GDP	9.62	10.07	USD Billion	Dec 2022
GDP Annual Growth Rate	-13.50	2.80	percent	Dec 2024

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.