New Caledonia
)
, anthem = ""
, image_map = New Caledonia on the globe (small islands magnified) (Polynesia centered).svg
, map_alt = Location of New Caledonia
, map_caption = Location of New Caledonia
, mapsize = 290px
, subdivision_type = Sovereign st ...
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).
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
France (), officially the French Republic ( ), is a country primarily located in Western Europe. It also comprises of Overseas France, overseas regions and territories in the Americas and the Atlantic Ocean, Atlantic, Pacific Ocean, Pac ...
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.
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.
The
GDP
Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced and sold (not resold) in a specific time period by countries. Due to its complex and subjective nature this measure is often ...
of New Caledonia in 2007 was 8.8 billion US dollars at market exchange rates, the fourth-largest economy in
Oceania
Oceania (, , ) is a region, geographical region that includes Australasia, Melanesia, Micronesia, and Polynesia. Spanning the Eastern Hemisphere, Eastern and Western Hemisphere, Western hemispheres, Oceania is estimated to have a land area of ...
after Australia, New Zealand, and Hawaii.
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.
[
In 2007, exports from New Caledonia amounted to 2.11 billion US dollars, 96.3% of which were mineral products and alloys (essentially ]nickel
Nickel is a chemical element with symbol Ni and atomic number 28. It is a silvery-white lustrous metal with a slight golden tinge. Nickel is a hard and ductile transition metal. Pure nickel is chemically reactive but large pieces are slow to ...
ore and ferronickel
Ferroalloy refers to various alloys of iron with a high proportion of one or more other elements such as manganese (Mn), aluminium (Al), or silicon (Si). They are used in the production of steels and alloys. The alloys impart distinctive qualitie ...
). Imports amounted to 2.88 billion US dollars. 26.6% of imports came from Metropolitan France
Metropolitan France (french: France métropolitaine or ''la Métropole''), also known as European France (french: Territoire européen de la France) is the area of France which is geographically in Europe. This collective name for the European ...
, 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.
Tourism
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
Nouméa () is the capital and largest city of the French special collectivity of New Caledonia and is also the largest francophone city in Oceania. It is situated on a peninsula in the south of New Caledonia's main island, Grande Terre, a ...
.[Plan for new chapel]
"
''Papua New Guinea Post-Courier
The ''Papua New Guinea Post-Courier'' is a newspaper based in Konedobu, Port Moresby, Papua New Guinea.
It was established on 30 June 1969. Its parent company, The Herald and Weekly Times (later purchased by News Corp Australia), had acquired wha ...
''. Weekend Edition, Friday 29 January-Tuesday February 2, 2007. Retrieved on 20 August 2013.
New Caledonia is a popular destination for Australian high school students who are studying French.
See also
* Economy of France in: French Guiana
French Guiana ( or ; french: link=no, Guyane ; gcr, label=French Guianese Creole, Lagwiyann ) is an overseas departments and regions of France, overseas department/region and single territorial collectivity of France on the northern Atlantic ...
, French Polynesia
)Territorial motto: ( en, "Great Tahiti of the Golden Haze")
, anthem =
, song_type = Regional anthem
, song = " Ia Ora 'O Tahiti Nui"
, image_map = French Polynesia on the globe (French Polynesia centered).svg
, map_alt = Location of Frenc ...
, Guadeloupe
Guadeloupe (; ; gcf, label=Antillean Creole, Gwadloup, ) is an archipelago and overseas department and region of France in the Caribbean. It consists of six inhabited islands—Basse-Terre, Grande-Terre, Marie-Galante, La Désirade, and the ...
, Martinique
Martinique ( , ; gcf, label=Martinican Creole, Matinik or ; Kalinago: or ) is an island and an overseas department/region and single territorial collectivity of France. An integral part of the French Republic, Martinique is located in th ...
, Mayotte
Mayotte (; french: Mayotte, ; Shimaore: ''Maore'', ; Kibushi: ''Maori'', ), officially the Department of Mayotte (french: Département de Mayotte), is an overseas department and region and single territorial collectivity of France. It is loc ...
, New Caledonia, Réunion
Réunion (; french: La Réunion, ; previously ''Île Bourbon''; rcf, label= Reunionese Creole, La Rényon) is an island in the Indian Ocean that is an overseas department and region of France. It is located approximately east of the island ...
, Saint Barthélemy
Saint Barthélemy (french: Saint-Barthélemy, ), officially the Collectivité territoriale de Saint-Barthélemy, is an overseas collectivity of France in the Caribbean. It is often abbreviated to St. Barth in French, and St. Barts in English ...
, Saint Martin, Saint Pierre and Miquelon
Saint Pierre and Miquelon (), officially the Territorial Collectivity of Saint-Pierre and Miquelon (french: link=no, Collectivité territoriale de Saint-Pierre et Miquelon ), is a self-governing territorial overseas collectivity of France in t ...
, Wallis and Futuna
Wallis and Futuna, officially the Territory of the Wallis and Futuna Islands (; french: Wallis-et-Futuna or ', Fakauvea and Fakafutuna: '), is a French island collectivity in the South Pacific, situated between Tuvalu to the northwest, Fiji ...
* Taxation in France
* Economic history of France
Economic history of France since its late-18th century Revolution was tied to three major events and trends: the Napoleonic Era, the competition with Britain and its other neighbors in regards to 'industrialization', and the 'total wars' of the l ...
* Poverty in France
Poverty in France has fallen by 60% over thirty years. Although it affected 15% of the population in 1970, in 2001 only 6.1% (or 3.7 million people) were below the poverty line (which, according to INSEE's criteria, is half of the median ...
References
{{DEFAULTSORT:Economy Of New Caledonia