External balance on goods and services in New Caledonia
New Caledonia: External balance on goods and services was -17.0% in 2024. ▼ Falling
External balance on goods and services in New Caledonia, 1990–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
In 2024, external balance on goods and services in New Caledonia stood at -17.0%.
The figure is up 4.4% on the previous year and up 22.1% over ten years.
Over the whole period, external balance on goods and services in New Caledonia peaked at -10.8% in 1995 and was at its lowest, -30.8%, in 2008.
New Caledonia ranks 153rd of 193 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 35 years of available data.
External balance on goods and services in New Caledonia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1990 | -16.2% | — |
| 1991 | -15.7% | -3.2% |
| 1992 | -18.0% | +14.4% |
| 1993 | -17.2% | -4.5% |
| 1994 | -14.9% | -13.3% |
| 1995 | -10.8% | -27.2% |
| 1996 | -12.4% | +14.6% |
| 1997 | -11.7% | -5.4% |
| 1998 | -20.3% | +73.2% |
| 1999 | -19.5% | -3.9% |
| 2000 | -14.8% | -24.2% |
| 2001 | -20.8% | +40.3% |
| 2002 | -20.0% | -3.6% |
| 2003 | -20.7% | +3.2% |
| 2004 | -14.6% | -29.4% |
| 2005 | -19.0% | +30.0% |
| 2006 | -20.2% | +6.6% |
| 2007 | -17.4% | -14.0% |
| 2008 | -30.8% | +77.0% |
| 2009 | -25.3% | -18.0% |
| 2010 | -27.8% | +9.9% |
| 2011 | -26.7% | -4.0% |
| 2012 | -28.2% | +5.9% |
| 2013 | -27.4% | -2.9% |
| 2014 | -21.8% | -20.6% |
| 2015 | -23.9% | +9.7% |
| 2016 | -19.5% | -18.4% |
| 2017 | -16.9% | -13.3% |
| 2018 | -17.1% | +1.2% |
| 2019 | -21.6% | +25.9% |
| 2020 | -18.5% | -14.2% |
| 2021 | -20.7% | +12.1% |
| 2022 | -19.7% | -4.9% |
| 2023 | -17.8% | -9.9% |
| 2024 | -17.0% | -4.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -15.7% | -20.3% | -10.8% | 10 |
| 2000s | -20.4% | -30.8% | -14.6% | 10 |
| 2010s | -23.1% | -28.2% | -16.9% | 10 |
| 2020s | -18.7% | -20.7% | -17.0% | 5 |
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 external balance on goods and services in New Caledonia?
- External balance on goods and services in New Caledonia was -17.0% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in New Caledonia?
- The highest recorded value was -10.8% in 1995.
- What is the lowest external balance on goods and services recorded in New Caledonia?
- The lowest recorded value was -30.8% in 2008.
- How does New Caledonia rank for external balance on goods and services?
- New Caledonia ranks 153rd out of 193 countries with data for 2024.
- Is external balance on goods and services rising or falling in New Caledonia?
- Over the last ten years it is up 22.1%. The long-run trend across the full record is falling.
- Where does this New Caledonia data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (% of GDP). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. 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.