Insurance and financial services in New Caledonia
New Caledonia: Insurance and financial services was 4.5% in 2016. ▲ Rising
Insurance and financial services in New Caledonia, 2002–2016
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service imports, BoP.
Analysis
New Caledonia recorded 4.5% for insurance and financial services in 2016.
That represents a change of up 7.2% on the previous year and up 135.7% over ten years.
Over the whole period, insurance and financial services in New Caledonia peaked at 5.0% in 2011 and was at its lowest, 1.9%, in 2006.
New Caledonia ranks 121st of 197 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 15 years of available data.
Insurance and financial services in New Caledonia, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 2002 | 3.8% | — |
| 2003 | 4.5% | +18.6% |
| 2004 | 4.8% | +5.8% |
| 2005 | 2.6% | -45.9% |
| 2006 | 1.9% | -25.4% |
| 2007 | 2.3% | +19.6% |
| 2008 | 2.6% | +11.5% |
| 2009 | 3.3% | +28.4% |
| 2010 | 2.6% | -21.6% |
| 2011 | 5.0% | +94.1% |
| 2012 | 3.2% | -35.7% |
| 2013 | 3.6% | +11.1% |
| 2014 | 3.5% | -2.7% |
| 2015 | 4.2% | +21.3% |
| 2016 | 4.5% | +7.2% |
New Caledonia compared with similar countries
- New Caledonia's 4.5% is below the median for high income countries, which is 6.2%, 73% of the median. (72 countries reporting)
- New Caledonia's 4.5% is below the median for East Asia & Pacific, which is 4.9%, 92% of the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.2% | 1.9% | 4.8% | 8 |
| 2010s | 3.8% | 2.6% | 5.0% | 7 |
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 insurance and financial services in New Caledonia?
- Insurance and financial services in New Caledonia was 4.5% in 2016, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in New Caledonia?
- The highest recorded value was 5.0% in 2011.
- What is the lowest insurance and financial services recorded in New Caledonia?
- The lowest recorded value was 1.9% in 2006.
- How does New Caledonia rank for insurance and financial services?
- New Caledonia ranks 121st out of 197 countries with data for 2016.
- Is insurance and financial services rising or falling in New Caledonia?
- Over the last ten years it is up 135.7%. The long-run trend across the full record is rising.
- 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 Insurance and financial services (% of service imports, BoP). Statizoid updates them automatically from the source API.
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About this data
Insurance and financial services cover various types of insurance provided to nonresidents by resident insurance enterprises and vice versa, and financial intermediary and auxiliary services (except those of insurance enterprises and pension funds) exchanged between residents and nonresidents. This indicator is expressed as a percentage of service imports which are services provided by non-residents to residents.