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New Caledonia: GDP (constant 2015 US$)

In , New Caledonia's GDP (constant 2015 US$) was $8.74 billion.

The global average for this indicator in 2015 was $497.78 billion .

Source: World Bank Open Data (NY.GDP.MKTP.KD) • Data as of 2015

Historical Data — Last 10 Years

Year GDP (constant 2015 US$)
8.738B

About GDP (constant 2015 US$)

Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.

Indicator code: NY.GDP.MKTP.KD • Category: Economy

How to read GDP figures: GDP (Gross Domestic Product) is measured in current US dollars, which means values change both due to real economic growth and currency fluctuations. A more useful comparison across countries is GDP per capita, which divides GDP by population. For growth trends, check GDP growth (annual %).

Frequently asked questions

What was New Caledonia's GDP (constant 2015 US$) in 2015?
In 2015, New Caledonia's GDP (constant 2015 US$) was $8.74 billion, according to World Bank Open Data.
How does New Caledonia's GDP (constant 2015 US$) compare to the world average?
The global average for GDP (constant 2015 US$) in 2015 was $497.78 billion, so New Caledonia is below the world average.
What is GDP (constant 2015 US$) and how is it measured?
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.
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Source: World Bank Open Data (NY.GDP.MKTP.KD), CC BY 4.0.