New Caledonia: Capital investment, in dollars

The latest value from 2017 is 2.55 billion U.S. dollars, unchanged from 2.55 billion U.S. dollars in 2016. In comparison, the world average is 125.01 billion U.S. dollars, based on data from 167 countries. Historically, the average for New Caledonia from 1981 to 2017 is 1.9 billion U.S. dollars. The minimum value, 0.12 billion U.S. dollars, was reached in 1984 while the maximum of 4.31 billion U.S. dollars was recorded in 2011. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and "work in progress." According to the 1993 SNA, net acquisitions of valuables are also considered capital formation. Data are in current U.S. dollars.