Current account balance as a share of GDP in New Caledonia
New Caledonia: Current account balance as a share of GDP was -7.5% in 2016. ◆ Volatile
Current account balance as a share of GDP in New Caledonia, 2002–2016
Source: International Monetary Fund – processed by Our World in Data. Measured in %.
Analysis
New Caledonia recorded -7.5% for current account balance as a share of gdp in 2016.
The figure is up 41.5% on the previous year and down 26.5% over ten years.
Over the whole period, current account balance as a share of gdp in New Caledonia peaked at 4.3% in 2004 and was at its lowest, -20.0%, in 2012.
New Caledonia ranks 154th of 193 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 share of GDP in New Caledonia, year by year
| Year | % | Change |
|---|---|---|
| 2002 | -2.9% | — |
| 2003 | -0.8% | -73.5% |
| 2004 | 4.3% | -672.4% |
| 2005 | -1.8% | -141.4% |
| 2006 | -5.9% | +229.4% |
| 2007 | -3.3% | -43.8% |
| 2008 | -15.7% | +370.0% |
| 2009 | -9.5% | -39.6% |
| 2010 | -14.5% | +53.5% |
| 2011 | -13.4% | -7.4% |
| 2012 | -20.0% | +49.0% |
| 2013 | -17.8% | -11.2% |
| 2014 | -12.2% | -31.2% |
| 2015 | -12.8% | +4.7% |
| 2016 | -7.5% | -41.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -4.4% | -15.7% | 4.3% | 8 |
| 2010s | -14.0% | -20.0% | -7.5% | 7 |
Countries ranked near New Caledonia
More economy & growth data for New Caledonia
- Manufacturing, value added (current US$), per unit of GDP 0.056 current US$ per US$ of GDP (2017)
- Manufacturing, value added (current US$), per capita 1,813 current US$ per person (2017)
- Manufacturing, value added (current LCU), per unit of GDP 5.92 current LCU per US$ of GDP (2017)
- Manufacturing, value added (current LCU), per capita 191,514 current LCU per person (2017)
- Industry (including construction), value added (current US$), annual 10.81 % change on previous year (2017)
- Industry (including construction), value added (current US$), per 0.2233 current US$ per US$ of GDP (2019)
- Industry (including construction), value added (current US$), per 7,460 current US$ per person (2019)
- Industry (including construction), value added (current LCU), annual 8.58 % change on previous year (2017)
- Industry (including construction), value added (current LCU), per 23.8 current LCU per US$ of GDP (2019)
- Industry (including construction), value added (current LCU), per 795,117 current LCU per person (2019)
Frequently asked questions
- What is current account balance as a share of gdp in New Caledonia?
- Current account balance as a share of gdp in New Caledonia was -7.5% in 2016, according to International Monetary Fund – processed by Our World in Data.
- What is the highest current account balance as a share of gdp recorded in New Caledonia?
- The highest recorded value was 4.3% in 2004.
- What is the lowest current account balance as a share 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 share of gdp?
- New Caledonia ranks 154th out of 193 countries with data for 2016.
- Is current account balance as a share 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 International Monetary Fund – processed by Our World in Data, published as part of Current account balance as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Current account balance as a proportion of GDP (%).