New Caledonia: Trade balance, percent of GDP
* indicates monthly or quarterly data series
| New Caledonia |
Trade balance as percent of GDP |
|---|---|
| Latest value | -16.91 |
| Year | 2017 |
| Measure | percent |
| Data availability | 1990 - 2017 |
| Average | -19.73 |
| Min - Max | -30.81 - -10.82 |
| Source | The World Bank |
The latest value from 2017 is -16.91 percent, an increase from -19.5 percent in 2016. In comparison, the world average is -4.36 percent, based on data from 173 countries. Historically, the average for New Caledonia from 1990 to 2017 is -19.73 percent. The minimum value, -30.81 percent, was reached in 2008 while the maximum of -10.82 percent was recorded in 1995.
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* indicates monthly or quarterly data series
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The trade balance for New Caledonia and other countries is calculated as the difference between the exports and imports of goods and services, as percent of GDP. A positive number means trade surplus and a negative number means trade deficit.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 129.06 | 2021 | percent |
| Trade openness | 58.93 | 2017 | percent |
| Exports, percent of GDP | 21.01 | 2017 | percent |
| Exports, billion dollars | 1.93 | 2017 | billion U.S. dollars |
| Imports, percent of GDP | 37.92 | 2017 | percent |
| Imports, billion dollars | 3.48 | 2017 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 7.24 | 2022 | percent |
| Foreign Direct Investment, billion dollars | 0.70 | 2022 | billion U.S. dollars |
| Portfolio investment inflows, equities | 0.00 | 2007 | million dollars (current) |
| Current account, in dollars | -0.65 | 2016 | billion U.S. dollars |
| Trade balance, percent of GDP | -16.91 | 2017 | percent |
| Trade balance, in dollars | -1.50 | 2016 | billion U.S. dollars |
| Remittances, percent of GDP | 6.45 | 2022 | percent |
| Remittances | 621.06 | 2023 | million U.S. dollars |
| Net errors and omissions | -193.68 | 2016 | million USD |