New Caledonia's gross capital formation (current LCU) was 208.58 billion in 2024, the latest year in the World Bank's World Development Indicators. That is down 38.67% from 340.11 billion in 2014 (4.77% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 208.58 billion | 2024 |
| Five years earlier | 297.51 billion | 2019 |
| Ten years earlier | 340.11 billion | 2014 |
| Highest | 369.75 billion | 2011 |
| Lowest | 16.4 billion | 1981 |
| Average since 2015 | 275.09 billion | 2015–2024 |
| First recorded | 16.4 billion |
What the numbers say
In 2024, New Caledonia's gross capital formation (current LCU) fell 24.3% on 2023 (from 275.54 billion to 208.58 billion).
Across the 30 yearly changes before that (1982 to 2023), the average change was +7.6% and a typical year strayed about 16.9% from that (the standard deviation). This year's change was 1.9 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 61.2% in 1986 and the biggest yearly fall was 24.3% 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 downward, about 6.24 billion a year. A straight line explains 41% 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 12th highest value of the 38 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
- Albania — 8th of 38: 628.23 billion
- Cuba — 9th of 38: 262.66 billion
- Afghanistan — 10th of 38: 215.62 billion
- Zambia — 12th of 38: 157.5 billion
- French Polynesia — 13th of 38: 152.8 billion
- Bhutan — 14th of 38: 119.29 billion
What this measures
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. 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 34 values
| Year | Gross capital formation (current LCU) |
|---|---|
| 2024 | 208,581,675,300 |
| 2023 | 275,537,219,600 |
| 2022 | 285,826,991,300 |
| 2021 | 266,381,166,200 |
| 2020 | 270,437,732,200 |
| 2019 | 297,511,256,500 |
| 2018 | 275,984,468,000 |
| 2017 | 269,325,000,000 |
| 2016 | 274,983,000,000 |
| 2015 | 326,330,000,000 |
Gross capital formation (current LCU) in nearby economies
- Australia — 679.75 billion (2025)
- Brunei Darussalam — 5.33 billion (2025)
- Cambodia — 64.86 trillion (2025)
- China — 54.57 trillion (2024)
- Fiji — 2.82 billion (2024)
- French Polynesia — 152.8 billion (2024)
- Hong Kong SAR, China — 611.33 billion (2025)
- Indonesia — 7,293.71 trillion (2025)
- Japan — 175.55 trillion (2024)
- Kiribati — 155.55 million (2024)
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 gross capital formation (current LCU)?
- 208.58 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1981?
- It is up 1,172% from 16.4 billion in 1981 (6.09% a year on average, compounded). The highest value was 369.75 billion in 2011 and the lowest 16.4 billion in 1981.
- How does New Caledonia rank?
- 12th highest of 38 economies with data for 2024.
- Is the latest change in gross capital formation (current LCU) unusual for New Caledonia?
- In 2024, New Caledonia's gross capital formation (current LCU) fell 24.3% on 2023 (from 275.54 billion to 208.58 billion). Across the 30 yearly changes before that (1982 to 2023), the average change was +7.6% and a typical year strayed about 16.9% from that (the standard deviation). This year's change was 1.9 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 NE.GDI.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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