New Caledonia's gross fixed capital formation (current LCU) was 208.58 billion in 2024, the latest year in the World Bank's World Development Indicators. That is down 37.58% from 334.16 billion in 2014 (4.6% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 208.58 billion | 2024 |
| Five years earlier | 297.51 billion | 2019 |
| Ten years earlier | 334.16 billion | 2014 |
| Highest | 380.32 billion | 2011 |
| Lowest | 77.34 billion | 1998 |
| Average since 2015 | 275.96 billion | 2015–2024 |
| First recorded | 82.39 billion |
What the numbers say
In 2024, New Caledonia's gross fixed capital formation (current LCU) fell 24.3% on 2023 (from 275.54 billion to 208.58 billion).
Across the 25 yearly changes before that (1999 to 2023), the average change was +6% and a typical year strayed about 13.4% from that (the standard deviation). This year's change was 2.3 standard deviations below that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was 36% in 2006 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 6.64 billion a year. A straight line explains 44% 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 10th 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
- Angola — 6th of 38: 11.05 trillion
- United States — 7th of 38: 6.26 trillion
- North Macedonia — 8th of 38: 226.48 billion
- French Polynesia — 10th of 38: 152.8 billion
- Zambia — 11th of 38: 143.03 billion
- Cuba — 12th of 38: 138.37 billion
What this measures
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. 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 | Gross fixed 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 | 270,308,000,000 |
| 2016 | 278,860,000,000 |
| 2015 | 330,185,000,000 |
Gross fixed capital formation (current LCU) in nearby economies
- Australia — 676.07 billion (2025)
- Brunei Darussalam — 5.29 billion (2025)
- Cambodia — 63.6 trillion (2025)
- China — 53.45 trillion (2024)
- Fiji — 2.72 billion (2024)
- French Polynesia — 152.8 billion (2024)
- Hong Kong SAR, China — 564.37 billion (2025)
- Indonesia — 6,852.62 trillion (2025)
- Japan — 176.4 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 gross fixed capital formation (current LCU)?
- 208.58 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1990?
- It is up 153.16% from 82.39 billion in 1990 (2.77% a year on average, compounded). The highest value was 380.32 billion in 2011 and the lowest 77.34 billion in 1998.
- How does New Caledonia rank?
- 10th highest of 38 economies with data for 2024.
- Is the latest change in gross fixed capital formation (current LCU) unusual for New Caledonia?
- In 2024, New Caledonia's gross fixed capital formation (current LCU) fell 24.3% on 2023 (from 275.54 billion to 208.58 billion). Across the 25 yearly changes before that (1999 to 2023), the average change was +6% and a typical year strayed about 13.4% from that (the standard deviation). This year's change was 2.3 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.GDI.FTOT.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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