New Caledonia's final consumption expenditure (current LCU) was 848.39 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 3.05% from 823.29 billion in 2014 (0.3% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 848.39 billion | 2024 |
| Five years earlier | 874.92 billion | 2019 |
| Ten years earlier | 823.29 billion | 2014 |
| Highest | 895.87 billion | 2023 |
| Lowest | 217.12 billion | 1990 |
| Average since 2015 | 867.3 billion | 2015–2024 |
| First recorded | 217.12 billion |
What the numbers say
In 2024, New Caledonia's final consumption expenditure (current LCU) fell 5.3% on 2023 (from 895.87 billion to 848.39 billion).
Across the 25 yearly changes before that (1999 to 2023), the average change was +3.5% and a typical year strayed about 2.5% from that (the standard deviation). This year's change was 3.6 standard deviations below that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was 7.4% in 2008 and the biggest yearly fall was 5.3% in 2024. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about 3.51 billion a year. A straight line explains 32% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, New Caledonia had the 11th highest value of the 37 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to New Caledonia in the 2024 ranking
- Afghanistan — 8th of 37: 1.71 trillion
- Cuba — 9th of 37: 1.26 trillion
- Ghana — 10th of 37: 1.04 trillion
- Zimbabwe — 12th of 37: 794.49 billion
- French Polynesia — 13th of 37: 737.4 billion
- Zambia — 14th of 37: 401.95 billion
What this measures
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 28 values
| Year | Final consumption expenditure (current LCU) |
|---|---|
| 2024 | 848,390,175,800 |
| 2023 | 895,871,357,700 |
| 2022 | 893,191,782,400 |
| 2021 | 875,678,218,000 |
| 2020 | 865,294,681,800 |
| 2019 | 874,918,788,500 |
| 2018 | 868,836,930,000 |
| 2017 | 863,655,000,000 |
| 2016 | 848,983,000,000 |
| 2015 | 838,189,000,000 |
Final consumption expenditure (current LCU) in nearby economies
- Australia — 2.08 trillion (2025)
- Brunei Darussalam — 10.44 billion (2025)
- Cambodia — 131.49 trillion (2025)
- China — 76.41 trillion (2024)
- Fiji — 12.09 billion (2024)
- French Polynesia — 737.4 billion (2024)
- Hong Kong SAR, China — 2.62 trillion (2025)
- Indonesia — 14,950.6 trillion (2025)
- Japan — 464.34 trillion (2024)
- Kiribati
More economic policy & debt data for New Caledonia
- GNI (current US$) — US$8.82 billion (2024)
- GNI (current LCU) — 973.43 billion (2024)
- GNI per capita (current LCU) — 3.33 million (2024)
- GDP (current US$) — US$8.55 billion (2024)
- GDP (current LCU) — 943 billion (2024)
- GDP per capita (current US$) — US$29,213 (2024)
- GDP per capita (current LCU) — 3.22 million (2024)
- Net primary income (net income from abroad) (current US$) — US$275.91 million (2024)
- Net primary income (net income from abroad) (current LCU) — 30.43 billion (2024)
- Adjusted savings, education expenditure (% of GNI)
Reading data like this
Questions people ask
- What is New Caledonia's final consumption expenditure (current LCU)?
- 848.39 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1990?
- It is up 290.75% from 217.12 billion in 1990 (4.09% a year on average, compounded). The highest value was 895.87 billion in 2023 and the lowest 217.12 billion in 1990.
- How does New Caledonia rank?
- 11th highest of 37 economies with data for 2024.
- Is the latest change in final consumption expenditure (current LCU) unusual for New Caledonia?
- In 2024, New Caledonia's final consumption expenditure (current LCU) fell 5.3% on 2023 (from 895.87 billion to 848.39 billion). Across the 25 yearly changes before that (1999 to 2023), the average change was +3.5% and a typical year strayed about 2.5% from that (the standard deviation). This year's change was 3.6 standard deviations below that average, so it was unusually large compared with the rest of the record.
Source
World Bank, World Development Indicators, indicator NE.CON.TOTL.CN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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