Current account balance in New Caledonia
New Caledonia: Current account balance was -7.5% 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 % of GDP.
Analysis
In 2016, current account balance 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 in New Caledonia peaked at 4.4% in 2004 and was at its lowest, -20.0%, in 2012.
New Caledonia ranks 160th of 200 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 in New Caledonia, year by year
| Year | % of GDP | 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% |
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
- Gross national expenditure (current US$), annual growth rate -9.74 % change on previous year (2024)
- Gross national expenditure (current US$), per unit of GDP 1.12 current US$ per US$ of GDP (2024)
- Gross national expenditure (current US$), per capita 32,744 current US$ per person (2024)
- Gross national expenditure (current LCU), annual growth rate -9.77 % change on previous year (2024)
- Gross national expenditure (current LCU), per unit of GDP 123.64 current LCU per US$ of GDP (2024)
- Gross national expenditure (current LCU), per capita 3.61 million current LCU per person (2024)
- Exports of goods and services (current US$), annual growth rate -39.58 % change on previous year (2024)
- Exports of goods and services (current US$), per unit of GDP 0.1169 current US$ per US$ of GDP (2024)
- Exports of goods and services (current US$), per capita 3,416 current US$ per person (2024)
- Exports of goods and services (current LCU), annual growth rate -39.6 % change on previous year (2024)
Frequently asked questions
- What is current account balance in New Caledonia?
- Current account balance in New Caledonia was -7.5% 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 4.4% in 2004.
- What is the lowest current account balance recorded in New Caledonia?
- The lowest recorded value was -20.0% in 2012.
- How does New Caledonia rank for current account balance?
- New Caledonia ranks 160th 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 26.5%. 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.