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New Caledonia: GDP growth (annual %)

In , New Caledonia's GDP growth (annual %) was -13.50.

That's down 582.1% from 2023, the highest value since .

The global average for this indicator in 2024 was 3.07 . New Caledonia ranks #191 globally out of 193 reporting countries. Within East Asia & Pacific, it ranks #30 of 30.

Source: World Bank Open Data (NY.GDP.MKTP.KD.ZG) • Data as of 2024

Trend (2018–2024)

New Caledonia GDP growth (annual %) trend 2020: COVID-19 pandemic 2022: Russia–Ukraine war begins
  • 2020 · COVID-19 pandemic
  • 2022 · Russia–Ukraine war begins

Highlights

Peak
3.50
Trough
-13.50
1-year change
-582.1%
5-year change
-864.3%

Historical Data — Last 10 Years

Year GDP growth (annual %)
-13.5000
2.8000
3.5000
-2.1000
-2.4000
-1.4000
0.4000

About GDP growth (annual %)

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 denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.

Indicator code: NY.GDP.MKTP.KD.ZG • 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 growth (annual %) in 2024?
In 2024, New Caledonia's GDP growth (annual %) was -13.50, according to World Bank Open Data.
Is New Caledonia's GDP growth (annual %) rising or falling?
New Caledonia's GDP growth (annual %) fell 582.1% from 2023 to 2024.
How does New Caledonia rank globally on GDP growth (annual %)?
In 2024, New Caledonia ranked #191 out of 193 countries reporting GDP growth (annual %).
How does New Caledonia's GDP growth (annual %) compare to the world average?
The global average for GDP growth (annual %) in 2024 was 3.07, so New Caledonia is below the world average. Within East Asia & Pacific, it ranks #30 of 30.
What is GDP growth (annual %) 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 denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.
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Source: World Bank Open Data (NY.GDP.MKTP.KD.ZG), CC BY 4.0.