New Caledonia: Remittances, percent of GDP

For that indicator, we provide data for New Caledonia from 2002 to 2020. The average value for New Caledonia during that period was 6.97 percent with a minimum of 5.25 percent in 2010 and a maximum of 9.12 percent in 2003. The latest value from 2020 is 6.58 percent. For comparison, the world average in 2020 based on 177 countries is 5.24 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees.