Current account balance as a proportion of GDP (%) in New Caledonia
New Caledonia: Current account balance as a proportion of GDP (%) was -7.5% in 2016. ◆ Volatile
Current account balance as a proportion of GDP in New Caledonia, 2002–2016
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2016, current account balance as a proportion of gdp in New Caledonia stood at -7.5%.
Compared with earlier readings it is up 41.5% on the previous year and down 26.5% over ten years.
Over the whole period, current account balance as a proportion of gdp in New Caledonia peaked at 4.4% in 2004 and was at its lowest, -20.0%, in 2012.
New Caledonia ranks 161st of 205 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance as a proportion of GDP (%) in New Caledonia, year by year
| Year | % | Change |
|---|---|---|
| 2002 | -2.9% | — |
| 2003 | -0.8% | -73.6% |
| 2004 | 4.4% | -675.6% |
| 2005 | -1.8% | -141.4% |
| 2006 | -5.9% | +228.9% |
| 2007 | -3.3% | -43.8% |
| 2008 | -15.6% | +369.4% |
| 2009 | -9.5% | -39.5% |
| 2010 | -14.5% | +53.5% |
| 2011 | -13.4% | -7.4% |
| 2012 | -20.0% | +48.9% |
| 2013 | -17.8% | -11.3% |
| 2014 | -12.2% | -31.2% |
| 2015 | -12.8% | +4.8% |
| 2016 | -7.5% | -41.5% |
New Caledonia compared with similar countries
- New Caledonia's -7.5% is below the median for high income countries, which is 1.6%. (69 countries reporting)
- New Caledonia's -7.5% is below the median for East Asia & Pacific, which is 1.1%. (30 countries reporting)
Biggest year-on-year movements
Years where Current account balance as a proportion of GDP (%) in New Caledonia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2004 | +675.6% | -0.8% | 4.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -4.4% | -15.6% | 4.4% | 8 |
| 2010s | -14.0% | -20.0% | -7.5% | 7 |
Countries ranked near New Caledonia
More economy & growth data for New Caledonia
- Foreign direct investment, net outflows (BoP, current US$), gaps 45.87 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0054 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 156.75 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 725.76 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 5.6 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0849 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 2,480 BoP, current US$ per person (2024)
- General government final consumption expenditure (current US$) 1.06 % change on previous year (2017)
- General government final consumption expenditure (current US$), per 0.2351 current US$ per US$ of GDP (2017)
- General government final consumption expenditure (current US$), per 7,608 current US$ per person (2017)
Frequently asked questions
- What is current account balance as a proportion of gdp in New Caledonia?
- Current account balance as a proportion of gdp in New Caledonia was -7.5% in 2016, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in New Caledonia?
- The highest recorded value was 4.4% in 2004.
- What is the lowest current account balance as a proportion of gdp recorded in New Caledonia?
- The lowest recorded value was -20.0% in 2012.
- How does New Caledonia rank for current account balance as a proportion of gdp?
- New Caledonia ranks 161st out of 205 countries with data for 2016.
- Is current account balance as a proportion of gdp rising or falling in New Caledonia?
- Over the last ten years it is down 26.5%. The long-run trend across the full record is volatile.
- Where does this New Caledonia data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
Download this data
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