Current account balance in New Caledonia
New Caledonia: Current account balance was -654.24 million BoP, current US$ in 2016. ◆ Volatile
Current account balance in New Caledonia, 2002–2016
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2016, current account balance in New Caledonia stood at -654.24 million BoP, current US$.
That represents a change of up 41.6% on the previous year and down 58.1% over ten years.
Over the whole period, current account balance in New Caledonia peaked at 256.54 million BoP, current US$ in 2004 and was at its lowest, -1.93 billion BoP, current US$, in 2012.
New Caledonia ranks 113th of 200 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance in New Caledonia, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 2002 | -107.22 million BoP, current US$ | — |
| 2003 | -37.16 million BoP, current US$ | -65.3% |
| 2004 | 256.54 million BoP, current US$ | -790.4% |
| 2005 | -112.45 million BoP, current US$ | -143.8% |
| 2006 | -413.80 million BoP, current US$ | +268.0% |
| 2007 | -293.99 million BoP, current US$ | -29.0% |
| 2008 | -1.42 billion BoP, current US$ | +382.6% |
| 2009 | -823.63 million BoP, current US$ | -41.9% |
| 2010 | -1.36 billion BoP, current US$ | +65.1% |
| 2011 | -1.39 billion BoP, current US$ | +2.3% |
| 2012 | -1.93 billion BoP, current US$ | +39.0% |
| 2013 | -1.80 billion BoP, current US$ | -6.7% |
| 2014 | -1.30 billion BoP, current US$ | -27.9% |
| 2015 | -1.12 billion BoP, current US$ | -13.9% |
| 2016 | -654.24 million BoP, current US$ | -41.6% |
New Caledonia compared with similar countries
- New Caledonia's -654.24 million BoP, current US$ is below the median for high income countries, which is 303.23 million BoP, current US$. (72 countries reporting)
- New Caledonia's -654.24 million BoP, current US$ is below the median for East Asia & Pacific, which is 22.41 million BoP, current US$. (33 countries reporting)
Biggest year-on-year movements
Years where Current account balance in New Caledonia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2004 | +790.4% | -37.16 million BoP, current US$ | 256.54 million BoP, current US$ |
| 2008 | -382.6% | -293.99 million BoP, current US$ | -1.42 billion BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -368.80 million BoP, current US$ | -1.42 billion BoP, current US$ | 256.54 million BoP, current US$ | 8 |
| 2010s | -1.37 billion BoP, current US$ | -1.93 billion BoP, current US$ | -654.24 million BoP, current US$ | 7 |
Countries ranked near New Caledonia
- 110 Burundi -461.46 million BoP, current US$ compare
- 111 Fiji -464.37 million BoP, current US$ compare
- 112 Bhutan -649.30 million BoP, current US$ compare
- 114 Curacao -654.69 million BoP, current US$ compare
- 115 Cayman Islands -686.07 million BoP, current US$
- 116 Costa Rica -686.75 million BoP, current US$ compare
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 in New Caledonia?
- Current account balance in New Caledonia was -654.24 million BoP, current US$ in 2016, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in New Caledonia?
- The highest recorded value was 256.54 million BoP, current US$ in 2004.
- What is the lowest current account balance recorded in New Caledonia?
- The lowest recorded value was -1.93 billion BoP, current US$ in 2012.
- How does New Caledonia rank for current account balance?
- New Caledonia ranks 113th out of 200 countries with data for 2016.
- Is current account balance rising or falling in New Caledonia?
- Over the last ten years it is down 58.1%. The long-run trend across the full record is volatile.
- Where does this New Caledonia data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.