New Caledonia: GDP (annual % growth)

Key figures

Over five years it is down 12.1 percentage points from -1.4% in 2019. Since 1966 it is down 9.65 percentage points from -3.85% in 1966. The World Bank has no value for 17 of the years in between; the chart leaves those gaps open rather than joining across them.

What the numbers say

In 2024, New Caledonia's GDP (annual % growth) fell 16.3 percentage points on 2023 (from 2.8% to -13.5%).

Across the 30 yearly changes before that (1976 to 2023), the average change was −0.07 percentage points and a typical year strayed about 9.55 percentage points from that (the standard deviation). This year's change was 1.7 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 28.9 percentage points in 1988 and the biggest yearly fall was 24 percentage points in 1971. The numbers show how large and when, not why; for the cause, look at what happened in that country in those 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 14th highest value of the 14 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

• Faroe Islands — 11th of 14: 0.84%
• Cuba — 12th of 14: -1.06%
• Lebanon — 13th of 14: -7.08%

What this measures

Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.

Limitations: Each industry's contribution to growth in the economy's output is measured by growth in the industry's value added. In principle, value added in constant prices can be estimated by measuring the quantity of goods and services produced in a period, valuing them at an agreed set of base year prices, and subtracting the cost of intermediate inputs, also in constant prices. This double-deflation method requires detailed information on the structure of prices of inputs and outputs. In many industries, however, value added is extrapolated from the base year using single volume indexes of outputs or, less commonly, inputs.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 42 values

GDP (annual % growth) in nearby economies

• American Samoa — 1.74% (2022)
• Australia — 1.35% (2025)
• Brunei Darussalam — 0.67% (2025)
• Cambodia — 5.35% (2025)
• China — 4.96% (2025)
• Fiji — 3.2% (2025)
• French Polynesia — 1.13% (2024)
• Guam — 5.1% (2022)
• Hong Kong SAR, China — 3.49% (2025)
• Indonesia — 5.11% (2025)
• Japan — 1.19% (2025)
• 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

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Questions people ask

What is New Caledonia's GDP (annual % growth)?

-13.5% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1966?

It is down 9.65 percentage points from -3.85% in 1966. The highest value was 34.6% in 1988 and the lowest -13.6% in 1979.

How does New Caledonia rank?

14th highest of 14 economies with data for 2024.

Is the latest change in GDP (annual % growth) unusual for New Caledonia?

In 2024, New Caledonia's GDP (annual % growth) fell 16.3 percentage points on 2023 (from 2.8% to -13.5%). Across the 30 yearly changes before that (1976 to 2023), the average change was −0.07 percentage points and a typical year strayed about 9.55 percentage points from that (the standard deviation). This year's change was 1.7 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

Source

World Bank, World Development Indicators, indicator NY.GDP.MKTP.KD.ZG, 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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