New Caledonia Current Account Balance
Current account balance as % of GDP BN.CAB.XOKA.GD.ZS
New Caledonia's current account balance was -7.50% in 2016, ranked 46th globally. This represents a 41.5% increase from 2015. Data from World Bank, covering 2002–2016.
Overview
New Caledonia's current account balance stood at -7.50% in 2016, a rise of +5.31% from 2015. New Caledonia ranked 46th globally.
NewCaledonia’s current‑account balance has been persistently negative over the 15‑year span from 2002 to 2016, widening from –2.87 in the earliest year to –7.50 in the latest observation, which placed the territory 46th globally in 2016. The balance reached an all‑time high of 4.35 in 2004, a brief surplus that was quickly eroded, and then fell to a record trough of –20.02 in 2012, reflecting a sharp contraction in net exports and primary income flows during that period. By 2016 the deficit was virtually identical to that of Albania (–7.51) and slightly larger than Belize’s (–7.30), underscoring a regional pattern of modest but persistent external imbalances among small economies. The downward swing after 2004 suggests that commodity price volatility and limited diversification have constrained external stability. If New Caledonia can broaden its export base and attract more stable service revenues, the current‑account deficit may gradually narrow, steering the trajectory toward a modest surplus in the medium term.
Data & projection
| Year | Current Account Balance | YoY change | Rank |
|---|---|---|---|
| 2016 | -7.50% | +5.31% | #46 |
| 2015 | -12.81% | −0.58% | #25 |
| 2014 | -12.23% | +5.54% | #23 |
| 2013 | -17.77% | +2.25% | #11 |
| 2012 | -20.02% | −6.58% | #9 |
| 2011 | -13.44% | +1.08% | #25 |
| 2010 | -14.52% | −5.06% | #19 |
| 2009 | -9.46% | +6.18% | #37 |
| 2008 | -15.65% | −12.31% | #26 |
| 2007 | -3.33% | +2.60% | #102 |
| 2006 | -5.93% | −4.13% | #62 |
| 2005 | -1.80% | −6.15% | #102 |
| 2004 | 4.35% | +5.11% | #155 |
| 2003 | -0.76% | +2.11% | #107 |
| 2002 | -2.87% | – | #79 |
Analysis
New Caledonia's current account balance was -7.50% in 2016, a rise of +5.31% from 2015.
Frequently Asked Questions
New Caledonia's current account balance was -7.50% in 2016. Ranked 46th globally. This represents a 41.5% increase from the previous year.
New Caledonia's current account balance peaked at 4.35% in 2004.
The lowest current account balance in New Caledonia was -20.02% in 2012.
New Caledonia ranks 46th globally in current account balance as of 2016.
The World Bank indicator code is BN.CAB.XOKA.GD.ZS. Data sourced from World Bank.
The current account balance of New Caledonia in 2016 was -7.50%. This ranks 46th in the world.
Cite this page
@misc{historysaid_new-caledonia_current-account,
title = {New Caledonia Current Account Balance},
url = {https://historysaid.com/new-caledonia/current-account/},
publisher = {HistorySaid},
year = {2026}
}