New Caledonia's gross domestic savings (current US$) was US$857.7 million in 2024, the latest year in the World Bank's World Development Indicators. That is down 41.63% from US$1.47 billion in 2014 (5.24% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$857.7 million | 2024 |
| Five years earlier | US$1.27 billion | 2019 |
| Ten years earlier | US$1.47 billion | 2014 |
| Highest | US$1.78 billion | 2007 |
| Lowest | US$33.92 million | 1998 |
| Average since 2015 | US$1.22 billion | 2015–2024 |
| First recorded | US$336.42 million |
What the numbers say
In 2024, New Caledonia's gross domestic savings (current US$) fell 48% on 2023 (from US$1.65 billion to US$857.7 million).
Across the 25 yearly changes before that (1999 to 2023), the average change was +33.4% and a typical year strayed about 70.2% from that (the standard deviation). This year's change was 1.2 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 205.1% in 1999 and the biggest yearly fall was 74.5% in 2001. 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 there is no clear straight-line trend: a straight line explains 26% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
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 23rd highest value of the 35 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.
| Value | Year | |
|---|---|---|
| New Caledonia | US$857.7 million | 2024 |
| World | US$30.01 trillion | 2024 |
| East Asia & Pacific | US$12.23 trillion | 2024 |
| High income | US$17.28 trillion | 2024 |
Closest to New Caledonia in the 2024 ranking
What this measures
Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption). This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 28 values
| Year | Gross domestic savings (current US$) |
|---|---|
| 2024 | 857,700,700 |
| 2023 | 1,650,505,769 |
| 2022 | 1,752,009,928 |
| 2021 | 1,390,974,146 |
| 2020 | 1,190,952,097 |
| 2019 | 1,267,309,902 |
| 2018 | 1,298,042,505 |
| 2017 | 998,058,582 |
| 2016 | 849,528,846 |
| 2015 | 944,955,314 |
| 2014 |
Gross domestic savings (current US$) in nearby economies
- Australia — US$449.57 billion (2025)
- Brunei Darussalam — US$7.05 billion (2025)
- Cambodia — US$18.5 billion (2025)
- China — US$8.11 trillion (2024)
- Fiji — US$639.51 million (2024)
- French Polynesia — −US$361.3 million (2024)
- Hong Kong SAR, China — US$90.67 billion (2025)
- Indonesia — US$538.33 billion (2025)
- Japan — US$1.12 trillion (2024)
- Kiribati — −US$215.59 million (2024)
More economic policy & debt data for New Caledonia
- GNI (current US$) — 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$275.91 million (2024)
- Net primary income (net income from abroad) (current LCU) — 30.43 billion (2024)
- Adjusted savings, education expenditure (% of GNI)
Reading data like this
Questions people ask
- What is New Caledonia's gross domestic savings (current US$)?
- US$857.7 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1990?
- It is up 154.95% from US$336.42 million in 1990 (2.79% a year on average, compounded). The highest value was US$1.78 billion in 2007 and the lowest US$33.92 million in 1998.
- How does New Caledonia rank?
- 23rd highest of 35 economies with data for 2024.
- Is the latest change in gross domestic savings (current US$) unusual for New Caledonia?
- In 2024, New Caledonia's gross domestic savings (current US$) fell 48% on 2023 (from US$1.65 billion to US$857.7 million). Across the 25 yearly changes before that (1999 to 2023), the average change was +33.4% and a typical year strayed about 70.2% from that (the standard deviation). This year's change was 1.2 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.GDS.TOTL.CD, 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.
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