Current account balance in New Caledonia
New Caledonia: Current account balance was -654.24 million BoP, current US$ in 2016. ◆ Volatile
Current account balance in New Caledonia, 2002–2016
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2016, current account balance in New Caledonia stood at -654.24 million BoP, current US$.
That represents a change of up 41.6% on the previous year and down 58.1% over ten years.
Over the whole period, current account balance in New Caledonia peaked at 256.54 million BoP, current US$ in 2004 and was at its lowest, -1.93 billion BoP, current US$, in 2012.
New Caledonia ranks 113th of 199 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -368.80 million BoP, current US$ | -1.42 billion BoP, current US$ | 256.54 million BoP, current US$ | 8 |
| 2010s | -1.37 billion BoP, current US$ | -1.93 billion BoP, current US$ | -654.24 million BoP, current US$ | 7 |
Countries ranked near New Caledonia
- 110 Burundi -461.46 million BoP, current US$ compare
- 111 Fiji -464.37 million BoP, current US$ compare
- 112 Bhutan -649.30 million BoP, current US$ compare
- 114 Curacao -654.69 million BoP, current US$ compare
- 115 Cayman Islands -686.07 million BoP, current US$ compare
- 116 Costa Rica -686.75 million BoP, current US$ compare
More economy & growth data for New Caledonia
- Gross national expenditure 112.1% (2024)
- Final consumption expenditure 7.69 billion current US$ (2024)
- Final consumption expenditure 848.39 billion current LCU (2024)
- Final consumption expenditure 90.0% (2024)
- Gross national expenditure 9.58 billion current US$ (2024)
- Gross national expenditure 1.06 trillion current LCU (2024)
- Exports of goods and services 110.28 billion current LCU (2024)
- Gross fixed capital formation 1.89 billion current US$ (2024)
- Exports of goods and services 11.7% (2024)
- Households and NPISHs final consumption expenditure 65.7% (2024)
Frequently asked questions
- What is current account balance in New Caledonia?
- Current account balance in New Caledonia was -654.24 million BoP, current US$ in 2016, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in New Caledonia?
- The highest recorded value was 256.54 million BoP, current US$ in 2004.
- What is the lowest current account balance recorded in New Caledonia?
- The lowest recorded value was -1.93 billion BoP, current US$ in 2012.
- How does New Caledonia rank for current account balance?
- New Caledonia ranks 113th out of 199 countries with data for 2016.
- Is current account balance rising or falling in New Caledonia?
- Over the last ten years it is down 58.1%. The long-run trend across the full record is volatile.
- Where does this New Caledonia data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.