New Caledonia: Gross capital formation (% of GDP)

Key figures

What the numbers say

In 2024, New Caledonia's gross capital formation (% of GDP) fell 3.44 percentage points on 2023 (from 25.56% to 22.12%).

Across the 30 yearly changes before that (1982 to 2023), the average change was +0.27 percentage points and a typical year strayed about 3.36 percentage points from that (the standard deviation). This year's change was 1.1 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 8.4 percentage points in 2010 and the biggest yearly fall was 7.26 percentage points in 2009. 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 0.93 percentage points a year. A straight line explains 75% 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 22nd 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

• Cuba — 19th of 37: 24.21%
• Zambia — 20th of 37: 23.79%
• New Zealand — 21st of 37: 23.09%
• French Polynesia — 23rd of 37: 21.91%
• United States — 24th of 37: 21.53%
• Marshall Islands — 25th of 37: 21.12%

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 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.

Limitations: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Data on capital formation may be estimated from direct surveys of enterprises and administrative records or based on the commodity flow method using data from production, trade, and construction activities.

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

All 34 values

Gross capital formation (% of GDP) in nearby economies

• Australia — 24.46% (2025)
• Brunei Darussalam — 27.13% (2025)
• Cambodia — 31.52% (2025)
• China — 40.48% (2024)
• Fiji — 20.87% (2024)
• French Polynesia — 21.91% (2024)
• Hong Kong SAR, China — 18.35% (2025)
• Indonesia — 30.62% (2025)
• Japan — 27.68% (2024)
• Kiribati — 29.91% (2024)
• Korea, Rep.

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

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is New Caledonia's gross capital formation (% of GDP)?

22.12% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1981?

It is up 5.05 percentage points from 17.07% in 1981. The highest value was 42.44% in 2010 and the lowest 14.04% in 1985.

How does New Caledonia rank?

22nd highest of 37 economies with data for 2024.

Is the latest change in gross capital formation (% of GDP) unusual for New Caledonia?

In 2024, New Caledonia's gross capital formation (% of GDP) fell 3.44 percentage points on 2023 (from 25.56% to 22.12%). Across the 30 yearly changes before that (1982 to 2023), the average change was +0.27 percentage points and a typical year strayed about 3.36 percentage points from that (the standard deviation). This year's change was 1.1 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.ZS, 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.

Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.