New Caledonia is a major source for nickel and contains roughly 10% of the world's known nickel supply. The islands contain about 7,100,000 tonnes of nickel. With the annual production of about 107,000 tonnes in 2009, New Caledonia was the world's fifth largest producer after Russia (266,000), Indonesia (189,000), Canada (181,000) and Australia (167,000).[3] In recent years, the economy has suffered because of depressed international demand for nickel due to the 2007-2008 global financial crisis. Only a negligible amount of the land is suitable for cultivation, and food accounts for about 20% of imports. In addition to nickel, the substantial financial support from France and tourism are keys to the health of the economy. In the 2000s, large additions were made to nickel mining capacity. The Goro Nickel Plant is expected to be one of the largest nickel producing plants on Earth. This plant produces an estimated 20% of the global nickel supply.[4] However, the need to respond to environmental concerns over the country's globally recognized ecological heritage, may increasingly need to be factored into capitalization of mining operations.
All values, unless otherwise stated, are in US dollars.
The GDP of New Caledonia in 2007 was 8.8 billion US dollars at market exchange rates, the fourth-largest economy in Oceania after Australia, New Zealand, and Hawaii.[5] The GDP per capita was 36,376 US dollars in 2007 (at market exchange rates, not at PPP), lower than in Australia and Hawaii, but higher than in New Zealand.[5]
In 2007, exports from New Caledonia amounted to 2.11 billion US dollars, 96.3% of which were mineral products and alloys (essentially nickel ore and ferronickel).[6] Imports amounted to 2.88 billion US dollars.[6] 26.6% of imports came from Metropolitan France, 16.1% from other European countries, 13.6% from Singapore (mostly fuel), 10.7% from Australia, 4.0% from New Zealand, 3.2% from the United States, 3.0% from China, 3.0% from Japan, and 22.7% from other countries.[6]
This article needs to be updated. Please help update this article to reflect recent events or newly available information.(December 2016)
As of 2007, about 200 Japanese couples travel to New Caledonia each year for their wedding and honeymoon. Oceania Flash reported in 2007 that one company planned to build a new wedding chapel to accommodate Japanese weddings to supplement the Le Meridien Resort in Nouméa.[7]
New Caledonia is a popular destination for Australian high school students who are studying French.[citation needed]
^Mining-technology.com. "Goro Nickel Project, New Caledonia". Retrieved 2011-02-10.
^ abInstitut de la statistique et des études économiques de Nouvelle-Calédonie (ISEE). (in French). Archived from the original on 2013-10-29. Retrieved 2011-02-10.
^ abcInstitut de la statistique et des études économiques de Nouvelle-Calédonie (ISEE). (PDF) (in French). Archived from the original (PDF) on 2008-06-25. Retrieved 2008-05-29.
^"Plan for new chapel." (Archive) Papua New Guinea Post-Courier. Weekend Edition, Friday 29 January-Tuesday February 2, 2007. Retrieved on 20 August 2013.
December 15, 2023
economy, caledonia, caledonia, major, source, nickel, contains, roughly, world, known, nickel, supply, islands, contain, about, tonnes, nickel, with, annual, production, about, tonnes, 2009, caledonia, world, fifth, largest, producer, after, russia, indonesia,. New Caledonia is a major source for nickel and contains roughly 10 of the world s known nickel supply The islands contain about 7 100 000 tonnes of nickel With the annual production of about 107 000 tonnes in 2009 New Caledonia was the world s fifth largest producer after Russia 266 000 Indonesia 189 000 Canada 181 000 and Australia 167 000 3 In recent years the economy has suffered because of depressed international demand for nickel due to the 2007 2008 global financial crisis Only a negligible amount of the land is suitable for cultivation and food accounts for about 20 of imports In addition to nickel the substantial financial support from France and tourism are keys to the health of the economy In the 2000s large additions were made to nickel mining capacity The Goro Nickel Plant is expected to be one of the largest nickel producing plants on Earth This plant produces an estimated 20 of the global nickel supply 4 However the need to respond to environmental concerns over the country s globally recognized ecological heritage may increasingly need to be factored into capitalization of mining operations Economy of New CaledoniaNickel mineCurrencyCFP francFiscal yearCalendar yearStatisticsGDP 10 432 billion 2023 est GDP growth2 8 2014 est GDP per capita 35 651 2023 est GDP by sectoragriculture 1 4 industry 26 8 services 71 8 2014 est Inflation CPI 0 4 2014 est Labour force106 400 2010 est Labour force by occupationagriculture 2 7 industry 22 4 services 74 4 2010 est Unemployment12 8 2020 est Main industriesnickel mining and smeltingExternalExports 2 21 billion 2014 est Export goodsferronickels nickel ore fishMain export partners China 59 South Korea 14 Japan 11 2019 est 1 Imports 2 72 billion 2015 est Import goodsmachinery and equipment fuels chemicals foodstuffsMain import partners France 43 Australia 12 Singapore 12 China 6 2019 est 2 Gross external debt 112 million 31 December 2013 est All values unless otherwise stated are in US dollars The GDP of New Caledonia in 2007 was 8 8 billion US dollars at market exchange rates the fourth largest economy in Oceania after Australia New Zealand and Hawaii 5 The GDP per capita was 36 376 US dollars in 2007 at market exchange rates not at PPP lower than in Australia and Hawaii but higher than in New Zealand 5 In 2007 exports from New Caledonia amounted to 2 11 billion US dollars 96 3 of which were mineral products and alloys essentially nickel ore and ferronickel 6 Imports amounted to 2 88 billion US dollars 6 26 6 of imports came from Metropolitan France 16 1 from other European countries 13 6 from Singapore mostly fuel 10 7 from Australia 4 0 from New Zealand 3 2 from the United States 3 0 from China 3 0 from Japan and 22 7 from other countries 6 Tourism editMain article Tourism in New Caledonia This article needs to be updated Please help update this article to reflect recent events or newly available information December 2016 As of 2007 about 200 Japanese couples travel to New Caledonia each year for their wedding and honeymoon Oceania Flash reported in 2007 that one company planned to build a new wedding chapel to accommodate Japanese weddings to supplement the Le Meridien Resort in Noumea 7 New Caledonia is a popular destination for Australian high school students who are studying French citation needed See also edit nbsp France portal nbsp Economy portalEconomy of France in French Guiana French Polynesia Guadeloupe Martinique Mayotte New Caledonia Reunion Saint Barthelemy Saint Martin Saint Pierre and Miquelon Wallis and Futuna Taxation in France Economic history of France Poverty in FranceReferences edit Export Partners of New Caledonia CIA World Factbook 2014 Retrieved 2015 07 18 Import Partners of New Caledonia CIA World Factbook 2014 Retrieved 2015 07 18 Nickel pdf USGS 2011 Retrieved 2011 02 10 Mining technology com Goro Nickel Project New Caledonia Retrieved 2011 02 10 a b Institut de la statistique et des etudes economiques de Nouvelle Caledonie ISEE Chiffres cles in French Archived from the original on 2013 10 29 Retrieved 2011 02 10 a b c Institut de la statistique et des etudes economiques de Nouvelle Caledonie ISEE Bilan economique et social 2007 Echanges Exterieurs on page 23 PDF in French Archived from the original PDF on 2008 06 25 Retrieved 2008 05 29 Plan for new chapel Archive Papua New Guinea Post Courier Weekend Edition Friday 29 January Tuesday February 2 2007 Retrieved on 20 August 2013 Retrieved from https en wikipedia org w index php title Economy of New Caledonia amp oldid 1185388882, wikipedia, wiki, book, books, library,
