New Caledonia GDP Growth
Annual percentage growth rate of GDP NY.GDP.MKTP.KD.ZG
New Caledonia's gdp growth was -13.50% in 2024, ranked 199th globally. This represents a 582.1% decrease from 2023. Data from World Bank, covering 1966–2024.
Overview
New Caledonia's gdp growth stood at -13.50% in 2024, a decline of +16.30pp from 2023. New Caledonia ranked 199th globally.
New Caledonia’s real GDP growth has swung dramatically over the 42‑year series, ranging from a historic low of –13.60 % in 1979 to an all‑time high of 34.60 % in 1988, before settling into a volatile pattern that culminated in a –13.50 % contraction in 2024, ranking 199th globally. The 1988 surge reflected a boom in nickel extraction and export‑driven investment, while the 1979 trough coincided with a sharp decline in commodity prices and fiscal tightening. Compared with peers that share similar rank positions, Timor‑Leste posted a –9.10 % decline and Sudan a –13.96 % contraction, underscoring the depth of New Caledonia’s recent slowdown. The economy’s dependence on a narrow resource base amplifies exposure to external price shocks, and the recent negative growth suggests that without diversification or a rebound in global metal demand, the downward trajectory is likely to persist in the near term.
Data & projection
| Year | GDP Growth | YoY change | Rank |
|---|---|---|---|
| 2024 | -13.50% | −16.30pp | #199 |
| 2023 | 2.80% | −0.70pp | #111 |
| 2022 | 3.50% | +5.60pp | #129 |
| 2021 | -2.10% | +0.30pp | #205 |
| 2020 | -2.40% | −1.00pp | #73 |
| 2019 | -1.40% | −1.80pp | #197 |
| 2018 | 0.40% | −1.70pp | #185 |
| 2000 | 2.10% | +1.20pp | #154 |
| 1999 | 0.90% | +4.10pp | #149 |
| 1998 | -3.20% | −5.21pp | #186 |
| 1997 | 2.01% | +1.56pp | #152 |
| 1996 | 0.45% | −5.49pp | #176 |
| 1995 | 5.94% | +3.35pp | #58 |
| 1994 | 2.59% | +2.06pp | #116 |
| 1993 | 0.53% | +0.01pp | #123 |
Analysis
New Caledonia's gdp growth was -13.50% in 2024, a decline of −16.30pp from 2023.
Frequently Asked Questions
New Caledonia's gdp growth was -13.50% in 2024. Ranked 199th globally. This represents a 582.1% decrease from the previous year.
New Caledonia's gdp growth peaked at 34.60% in 1988.
The lowest gdp growth in New Caledonia was -13.60% in 1979.
New Caledonia ranks 199th globally in gdp growth as of 2024.
The World Bank indicator code is NY.GDP.MKTP.KD.ZG. Data sourced from World Bank.
The gdp growth of New Caledonia in 2024 was -13.50%. This ranks 199th in the world.
Cite this page
@misc{historysaid_new-caledonia_gdp-growth,
title = {New Caledonia GDP Growth},
url = {https://historysaid.com/new-caledonia/gdp-growth/},
publisher = {HistorySaid},
year = {2026}
}