New Caledonia: GDP, constant dollars

For that indicator, we provide data for New Caledonia from 2015 to 2015. The average value for New Caledonia during that period was 8.7 billion U.S. dollars with a minimum of 8.7 billion U.S. dollars in 2015 and a maximum of 8.7 billion U.S. dollars in 2015. The latest value from 2015 is 8.7 billion U.S. dollars. For comparison, the world average in 2015 based on 192 countries is 386.5 billion U.S. dollars. See the global rankings for that indicator or use the country comparator to compare trends over time. The value of that indicator for 2015 is 8.7 billion U.S. dollars.

The GDP of New Caledonia and other countries is a measure of the size of the economy. It is the total market value of all goods and services produced on the territory of a country during a period of time, for example, during one year. We show GDP in constant dollars. In other words, we present the production levels of different years but evaluated using the prices of only one year. The objective is to compare the level of production across years, holding constant any price changes.

Definition: GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant 2015 prices, expressed in U.S. dollars. Dollar figures for GDP are converted from domestic currencies using 2015 official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.