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 |
| Reference | 2017 |
| Measure | percent |
| Source | The World Bank |
For that indicator, we provide data for New Caledonia from 1990 to 2017. The average value for New Caledonia during that period was -19.73 percent with a minimum of -30.81 percent in 2008 and a maximum of -10.82 percent in 1995.
The latest value from 2017 is -16.91 percent. For comparison, the world average in 2017 based on 175
countries is -4.61 percent.
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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).