New Caledonia: Gross fixed capital formation (current US$)

Key figures

What the numbers say

In 2024, New Caledonia's gross fixed capital formation (current US$) fell 24.3% on 2023 (from US$2.5 billion to US$1.89 billion).

Across the 25 yearly changes before that (1999 to 2023), the average change was +6.4% and a typical year strayed about 17.4% from that (the standard deviation). This year's change was 1.8 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 53.4% in 2003 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 US$72.24 million a year. A straight line explains 54% 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 23rd 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

• Kosovo — 20th of 37: US$3.55 billion
• Zimbabwe — 21st of 37: US$3.29 billion
• Maldives — 22nd of 37: US$2.46 billion
• Bhutan — 24th of 37: US$1.41 billion
• French Polynesia — 25th of 37: US$1.39 billion
• Fiji — 26th of 37: US$1.2 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 indicator is expressed in United States dollars.

Regional and income-group figures are computed by the World Bank as a gap-filled total.

All 28 values

Gross fixed capital formation (current US$) in nearby economies

• Australia — US$437.56 billion (2025)
• Brunei Darussalam — US$4.05 billion (2025)
• Cambodia — US$15.85 billion (2025)
• China — US$7.43 trillion (2024)
• Fiji — US$1.2 billion (2024)
• French Polynesia — US$1.39 billion (2024)
• Hong Kong SAR, China — US$72.38 billion (2025)
• Indonesia — US$415.87 billion (2025)
• Japan — US$1.17 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)

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Questions people ask

What is New Caledonia's gross fixed capital formation (current US$)?

US$1.89 billion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1990?

It is up 127.22% from US$832.19 million in 1990 (2.44% a year on average, compounded). The highest value was US$4.44 billion in 2011 and the lowest US$721.02 million in 1998.

How does New Caledonia rank?

23rd highest of 37 economies with data for 2024.

Is the latest change in gross fixed capital formation (current US$) unusual for New Caledonia?

In 2024, New Caledonia's gross fixed capital formation (current US$) fell 24.3% on 2023 (from US$2.5 billion to US$1.89 billion). Across the 25 yearly changes before that (1999 to 2023), the average change was +6.4% and a typical year strayed about 17.4% from that (the standard deviation). This year's change was 1.8 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.FTOT.CD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; 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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