Source: world bank Nominal/PPP
Summary:
New Caledonia GDP Per Capita expanded from 1965 to 2024, increasing from $0.16 to $8.55 .The compound annual growth rate (CAGR) averaged 6.98% over the period. The economy recorded its peak level in 2014 and its lowest level in 1965. Growth volatility remained high. The maximum drawdown reached 32.2%, indicating the largest cyclical decline from peak levels. The country experienced 11 recession episode(s) during the observed period.
New Caledonia Economic Phases (1965 - 2024)
From 1965 to 2024, New Caledonia economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1967–1975) indicating robust economic expansion
- Expansion (1977–1978) indicating steady moderate growth
- High Growth (1979–1980) indicating robust economic expansion
- Contraction (1982–1984) indicating temporary slowdown
- High Growth (1985–1990) indicating robust economic expansion
- High Growth (1994–1995) indicating robust economic expansion
- Contraction (1996–1997) indicating temporary slowdown
- Contraction (2000–2001) indicating temporary slowdown
- High Growth (2002–2007) indicating robust economic expansion
- High Growth (2010–2011) indicating robust economic expansion
- High Growth (2017–2018) indicating robust economic expansion
- Contraction (2019–2020) indicating temporary slowdown
- Crisis (2024–2024) indicating severe economic downturn
The most remarkable growth occurred in 1986 with an increase of 40.535%, while the largest decline was in 2015 at -17.836%.