New Caledonia's gross national expenditure (current LCU) was 1.06 trillion in 2024, the latest year in the World Bank's World Development Indicators. That is down 9.15% from 1.16 trillion in 2014 (0.95% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 1.06 trillion | 2024 |
| Five years earlier | 1.17 trillion | 2019 |
| Ten years earlier | 1.16 trillion | 2014 |
| Highest | 1.18 trillion | 2022 |
| Lowest | 295.75 billion | 1990 |
| Average since 2015 | 1.14 trillion | 2015–2024 |
| First recorded | 295.75 billion |
What the numbers say
In 2024, New Caledonia's gross national expenditure (current LCU) fell 9.8% on 2023 (from 1.17 trillion to 1.06 trillion).
Across the 25 yearly changes before that (1999 to 2023), the average change was +3.9% and a typical year strayed about 5.1% from that (the standard deviation). This year's change was 2.7 standard deviations below that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was 15.4% in 2010 and the biggest yearly fall was 9.8% 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 there is no clear straight-line trend: a straight line explains 5% 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 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
- Afghanistan — 9th of 38: 1.92 trillion
- Cuba — 10th of 38: 1.52 trillion
- Ghana — 11th of 38: 1.16 trillion
- French Polynesia — 13th of 38: 890.2 billion
- Zimbabwe — 14th of 38: 867.29 billion
- Zambia — 15th of 38: 559.46 billion
What this measures
Gross national expenditure is the sum of household final consumption expenditure, general government final consumption expenditure, and gross capital formation. 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 national expenditure (current LCU) |
|---|---|
| 2024 | 1,056,971,851,100 |
| 2023 | 1,171,408,577,300 |
| 2022 | 1,179,018,773,700 |
| 2021 | 1,142,059,384,200 |
| 2020 | 1,135,732,414,000 |
| 2019 | 1,172,430,045,000 |
| 2018 | 1,144,821,398,000 |
| 2017 | 1,132,980,000,000 |
| 2016 | 1,123,966,000,000 |
| 2015 | 1,164,519,000,000 |
Gross national expenditure (current LCU) in nearby economies
- Australia — 2.76 trillion (2025)
- Brunei Darussalam — 15.77 billion (2025)
- Cambodia — 196.35 trillion (2025)
- China — 130.98 trillion (2024)
- Fiji — 14.91 billion (2024)
- French Polynesia — 890.2 billion (2024)
- Hong Kong SAR, China — 3.24 trillion (2025)
- Indonesia — 22,244.3 trillion (2025)
- Japan — 639.89 trillion (2024)
- Kiribati — 1 billion (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 national expenditure (current LCU)?
- 1.06 trillion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1990?
- It is up 257.38% from 295.75 billion in 1990 (3.82% a year on average, compounded). The highest value was 1.18 trillion in 2022 and the lowest 295.75 billion in 1990.
- How does New Caledonia rank?
- 12th highest of 38 economies with data for 2024.
- Is the latest change in gross national expenditure (current LCU) unusual for New Caledonia?
- In 2024, New Caledonia's gross national expenditure (current LCU) fell 9.8% on 2023 (from 1.17 trillion to 1.06 trillion). Across the 25 yearly changes before that (1999 to 2023), the average change was +3.9% and a typical year strayed about 5.1% from that (the standard deviation). This year's change was 2.7 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.DAB.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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