Gross capital formation in New Caledonia
New Caledonia: Gross capital formation was 22.1% in 2024. ▲ Rising
Gross capital formation in New Caledonia, 1981–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
New Caledonia recorded 22.1% for gross capital formation in 2024.
Compared with earlier readings it is down 13.5% on the previous year and down 37.9% over ten years.
Over the whole period, gross capital formation in New Caledonia peaked at 42.4% in 2010 and was at its lowest, 14.0%, in 1985.
New Caledonia ranks 107th of 187 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 34 years of available data.
Gross capital formation in New Caledonia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1981 | 17.1% | — |
| 1982 | 18.1% | +6.3% |
| 1983 | 16.7% | -7.7% |
| 1984 | 14.5% | -13.1% |
| 1985 | 14.0% | -3.5% |
| 1986 | 20.9% | +48.8% |
| 1990 | 31.4% | +50.3% |
| 1998 | 21.3% | -32.3% |
| 1999 | 22.4% | +5.2% |
| 2000 | 22.9% | +2.6% |
| 2001 | 22.9% | -0.1% |
| 2002 | 24.5% | +6.9% |
| 2003 | 29.4% | +20.1% |
| 2004 | 26.6% | -9.6% |
| 2005 | 29.8% | +12.2% |
| 2006 | 33.9% | +13.5% |
| 2007 | 37.6% | +10.9% |
| 2008 | 41.3% | +9.9% |
| 2009 | 34.0% | -17.6% |
| 2010 | 42.4% | +24.7% |
| 2011 | 41.7% | -1.8% |
| 2012 | 40.9% | -1.8% |
| 2013 | 39.3% | -3.8% |
| 2014 | 35.6% | -9.5% |
| 2015 | 34.7% | -2.5% |
| 2016 | 29.2% | -15.8% |
| 2017 | 27.8% | -4.9% |
| 2018 | 27.6% | -0.7% |
| 2019 | 29.5% | +6.7% |
| 2020 | 27.3% | -7.3% |
| 2021 | 26.2% | -4.0% |
| 2022 | 26.2% | -0.2% |
| 2023 | 25.6% | -2.3% |
| 2024 | 22.1% | -13.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 16.9% | 14.0% | 20.9% | 6 |
| 1990s | 25.0% | 21.3% | 31.4% | 3 |
| 2000s | 30.3% | 22.9% | 41.3% | 10 |
| 2010s | 34.9% | 27.6% | 42.4% | 10 |
| 2020s | 25.5% | 22.1% | 27.3% | 5 |
Countries ranked near New Caledonia
More economy & growth data for New Caledonia
- Households and NPISHs Final consumption expenditure (current LCU) -7.2 % change on previous year (2024)
- Households and NPISHs Final consumption expenditure (current LCU) 72.44 current LCU per US$ of GDP (2024)
- Households and NPISHs Final consumption expenditure (current LCU) 2.12 million current LCU per person (2024)
- Final consumption expenditure (current US$), annual growth rate -5.26 % change on previous year (2024)
- Final consumption expenditure (current US$), per unit of GDP 0.8997 current US$ per US$ of GDP (2024)
- Final consumption expenditure (current US$), per capita 26,282 current US$ per person (2024)
- Final consumption expenditure (current LCU), annual growth rate -5.3 % change on previous year (2024)
- Final consumption expenditure (current LCU), per unit of GDP 99.24 current LCU per US$ of GDP (2024)
- Final consumption expenditure (current LCU), per capita 2.90 million current LCU per person (2024)
- Gross national expenditure (current US$), annual growth rate -9.74 % change on previous year (2024)
Frequently asked questions
- What is gross capital formation in New Caledonia?
- Gross capital formation in New Caledonia was 22.1% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross capital formation recorded in New Caledonia?
- The highest recorded value was 42.4% in 2010.
- What is the lowest gross capital formation recorded in New Caledonia?
- The lowest recorded value was 14.0% in 1985.
- How does New Caledonia rank for gross capital formation?
- New Caledonia ranks 107th out of 187 countries with data for 2024.
- Is gross capital formation rising or falling in New Caledonia?
- Over the last ten years it is down 37.9%. The long-run trend across the full record is rising.
- 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 Gross capital formation (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. 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.