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New Caledonia New Caledonia

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New Caledonia – Quick View
ECR score0 (Mar 2011)
ECR rank187 (Mar 2011)
Economic
GDP (2008)USD 9.06 billion
GNI per capita PPPNA
FDI inflow (2009)USD 1,127.86 million
Inflation (2009)0.2%
Central bank assets (2009)USD 14,388.63 million
Unemployment rate (2004)16.3%
Government deficit (2009)USD 207.75 million
Tax revenue (2009)USD 844.92 million
Political
Government typeOverseas territory
Recent political crisisGovernment collapses
Economic freedom scoreNA
Freedom of information scoreNA
Corruption perception indexNA
Structural
Birth rate16.2 per ‘000
Population balanceUnder 14 – 25.5%
Population balanceOver 60 males – 10.6%
Population balanceOver 60 females –11.7%
Life expectancy yearsMale 72.8 years
Life expectancy yearsFemale 79.7 years
Mortality rate6.1 per ‘000
Literacy rate91%
Internet access37.4%

[Top] Economic Overview

New Caledonia has the worlds largest known nickel reserves. Only a small amount of land is suitable for cultivation and food accounts for their main imports. Nickel mining and tourism are the main pillars of the economy.

(Source: mfat.gov)

Gross domestic product

New Caledonia’s GDP in 2008 was F.CFP 749.2 billion compared to F.CFP 796.5 billion in 2007 decreasing by 5.94% over a year.

New Caledonia GDP

(Source: Ministry of Statistics)

GDP growth rate

The GDP growth rate fluctuated between 2005 and 2009. The GDP growth rate in 2009 reached 1.8% from 0.6% in 2008.

New Caledonia GDP Growth Rate

(Source: Ministry of Statistics)

GNI per capita

GNI per capita in New Caledonia in 2008 was USD 37,678.1.

(Source: UN)

Income tax rate

Taxable Income (USD)

Tax Rate (%)

Below 8,900

No tax

8,900-11,570

5

11,570-14,240

10

14,240-19,580

15

19,580-24,920

20

24,920-40,050

30

Above 40,050

35-40

(Source: bizconnections.com)

The minimum income tax rate in New Caledonia is 5% and the maximum income tax rate is 40%.

Corporate tax rate

The resident company tax rate is 30%. Companies involved in mining activities are charged a 35% rate. (Source: bizconnections.com)

Inflation rate

the inflation rate was 0.2% in 2009 compared to 3.7% in 2008. From 2006, the inflation rates increased until 2008 and then declined sharply in 2009.

New Caledonia Inflation Rate

(Source: Ministry of Statistics, page: 7)

FDI Inflow

In 2009, FDI inflows to New Caledonia amounted to F.CFP 98,428 million, declining by 28% from the previous year. FDI inflows in 2008  reached F.CFP 136,268 million.

New Caledonia Foreign Direct Investment


(Source: Ministry of Statistics, page: 16)

Banking sector assets

The table below displays the assets of the Central Bank of New Caledonia.

Assets of Central Bank of New Caledonia (F.CFP million)

 

2009 p

2008

Treasury Operations

249,649

239,887

Customer transactions

962,682

927,784

Miscellaneous operations

28,226

28,974

Fixed assets

15,134

16,211

Total assets

1,255,691

1,212,856

(Source: Central Bank)

[Top] Financial Indicators & Government Financial

Consumer price index

The CPI in 2009 was 132.3 compared to 132.1 in 2008.

New Caledonia Consumer Price Index

Base Year, 1992 = 100

(Source: Ministry of Statistics, page: 7)

Money supply (Currency in Circulation)

According to the Ministry of Statistics, there has been an annual increase in the money supply. In 2009, the narrow money (M1) was EUR 1,913.03 million, an increase of 44.92% from EUR 1,320.1 million in 2005. In 2009, quasi money (M2) was EUR 2,666.41 million, an increase of 44.06% from EUR 1,850.86 million in 2005. In 2009, broad money (M3) was EUR 3,880.58 million, an increase of 55.71% from  EUR 2,492.12 million in 2005.

New Caledonia Money Supply

(Source: Ministry of Statistics)

Total expenditure

New Caledonia's total expenditure in 2009 was EUR 1,405.27 million, a decrease of 7.37% from EUR 1,508.87 million in 2008.

New Caledonia Total Expenditure

(Source: Ministry Of Statistics)

Official exchange rate

F.CFP per US dollar rate in 2009 was 87.4. The exchange rate in 2008 was 81.99 F.CFP per US dollar.

New Caledonia Exchange Rate

(Source: Ministry Of Statistics)

Government finances

Fiscal balance

New Caledonia recorded a fiscal surplus in 2009. The fiscal balance for 2009 was EUR 149.01 million compared to a deficit of EUR 135.3 million in 2008. The revenues for 2009 have increased from the previous years.

Government operations (EUR ‘000)

Year

2009

2008

2007

2006

2005

Revenue

1,554,281

1,373,568

1,272,143

1,071,400

986,871

Expenditure

1,405,273

1,508,868

1,141,697

1,067,780

902,233

Fiscal Balance

149,008

-135,300

130,446

3,620

616,525

(Source: Ministry of Statistics)

Total revenue

New Caledonia's total revenue was EUR 1,554.28 million, an increase of 13.16% from EUR 1,373.57 million in 2008. Total revenues in New Caledionia have increased annually.

New Caledonia Total Revenue

(Source: Ministry Of Statistics)

Tax revenue

Tax revenues in 2009 amounted to EUR 606.01 million, a decrease of 1% from EUR 611.99 million in 2008.

 

Tax Revenue (EUR ‘000)

 

2009

2008

Indirect Taxes

590,316

595,817

Direct Taxes

15,692

16,175

Total Tax Revenue

606,008

611,992

(Source: Ministry Of Statistics)

Total grants

Total grants in 2009 amounted to EUR 29.94 million compared to EUR 13.39 million in 2008.

New Caledonia Total Grants


(Source: Ministry Of Statistics)

Current account balance

New Caledonia has registered a current account deficit in the past two years. The current account deficit in 2009 was F.CFP 77,956 million compared to a deficit of F.CFP 114,158 million in 2008.

New Caledonia Current Account Balance

(Source: Central Bank)

Balance of payments

Balance of Payments (F.CFP million)

 

2009

2008

2007

Current Account

-77,956

-114,158

-25,633

Capital Account

500

87

346

Capital account

500

87

346

Financial account

70,578

126,339

1,908

Direct Investment

93,420

128,703

35,797

Portfolio Investment

14,538

17,774

-11,726

Balance on base

30,503

32,406

-1,215

Other investment

-37,381

-20,139

-22,164

Errors and Omissions

6,878

-12,267

23,379


(Source:
Central Bank, page: 7)

[Top] Labour Force and Employment Overview

Labour force

The total labour force in New Caledonia is divided into two sectors- the private sector and the public sector. The private sector had 58,836 employees and the public sector had 23,747 in 2009. Since 2005, the number of private sector employees has increased.

Annual average labour force (in public and private sector)

 

2009

2008

2007

2006

2005

Private Sector

58,836

57,066

53,772

51,215

48,518

Public Sector

23,747

23,354

22,558

21,673

21,212

(Source: Ministry of Statistics, page: 7)

Labour force participation rate

The labour force participation rate was 57% in 2009. the labour force participation rate for women accounted for 44% of the female population above the age of 15 and men made up 70% of the male population above 15 years of age in 2009.

(Source: World Bank, World Bank, World Bank)

Unemployment rate

The unemployment rate in 2004 was 16.3%.

(Source: Ministry of Statistics)

Employment in agriculture

The share of agriculture in total employment grew at a slow pace in comparison to the industrial and service sectors. The agricultural sector employed 2,198 people in 2009 compared to 2,200 people in 2008.

New Caledonia Employment in Agriculture

(Source: Ministry of Statistics)

Employment in industry

The industrial sector employed 10,553 people in 2009 compared to 10,206 people in 2008. Employment in the industrial sector is more than the employment in the agricultural sector and has increased annually.

New Caledonia Employment in Industry

(Source: Ministry of Statistics)

Employment in services

Employment in services includes employment in construction services, market services and non-market services. Employment in market services was higher in comparison to construction services and non-market services. A total of 69,481 people employed in the services sector in 2009 compared to 67,822 people in 2008.

New Caledonia Employment in Services

(Source: Ministry of Statistics)

Minimum wage

The minimum wage was EUR 1,106.2 per month in 2010 compared to EUR 1,042.5 per month in 2009.

Year

Minimum Wage (EUR/month)

2010

1,106.2

2009

1,042.5

2008

1,012.8

(Source: Ministry of Statistics)

Level of unionisation

The main trade unions in New Caledonia are –

  • Federation of Executives and Associates in New Caledonia (FCCNC)
  • Federation of Unions of Civil Service Servants, Agents and Officers (FSFAOFP)
  • Union for Free United Action (SLUA)
  • National Union of Commercial Flight Staff (SNPNNC)
  • Union of Public and City Works Employees (SOTPM)
  • Union of General Industry Sectors in New Caledonia (USGCINC)
  • Union of Workers and Employees in New Caledonia (USOENC)
  • Union of Kanak and Exploited Workers (USTKE)
  • Territorial Worker’s Union (UTFO)
  • Territorial Union for the French Executive Confederation (UT-CFE-CGC)

(Source: Chamber of Commerce and Industry of New Caledonia)

[Top] Political Stability

Government stability

New Caledoniais a French overseas territory with a system of government based on a parliamentary and representative democracy. The president is the head of government and there is a multi-party system, with executive power being exercised by the government. The legislative power is vested in government and the congress of New Caledonia.

New Caledonia's government consists of 11 members of the executive. The government is elected by congress on a proportional ballot from party lists and it comprises more than one political party, under the system of “collegial government” mandated by the Noumea Accord. The president is elected by majority vote from all members of government.

(Source: mfat.gov)

New Caledonia has a three tiered system of administration similar to the arrondissements of  metropolitan France (represented by the High Commissioner), the territorial Congress and the provincial assemblies.

Administratively, the archipelago is divided into three provinces which are South Province, North Province and the Loyalty Islands Province. The congress of the New Caledonia consists of three assemblies. 32 are from Southern Province, 15 from Northern Province and 7 from Loyalty Islands. The members of these assemblies are elected for five years.

The last New Caledonian provincial election was held in May 2009. The future French Presidential election and French National Assembly election will be in 2012. The French Senatorial election will be in 2013.

(Source: WHO, mfat.gov)

Political parties in New Caledonia are Rally for Caledonia in the Republic (anti independent) or RPCR-UMP, the Future Together or AE, the Caledonian Union or UC, the Front National or FN and the Kanak Socialist Front for National Liberation or FLNKS.

(Source: traveldocs.com)

Regulatory environment

New caledonia is not listed in the 2011 Index of Economic Freedom.

(Source: heritage.org)

Corruption perception

New Caledonia is not represented in the Corruption Perception Index (CPI) 2010.

(Source: transparency.org)

Freedom of information

New Caledonia is not listed in the Press Freedom Index 2010.

(Source: rsf.org)

Judicial system

The Judicial system in New Caledonia is similar to the French judicial system. The administration of justice is still controlled by the French State. The administration of justice in New Caledonia is governed by the rule of law and the fundamental principles of the separation of powers.

There are three types of courts in New Caledonia which are the judicial court, the administrative court and the mix court.

the judicial courts have jurisdiction over disputes between private individuals or companies and disputes involving the government, the French State or a New Caledonian institutions when it is acting in a commercial capacity. The Supreme Court sits in Paris and has jurisdiction over all French territories, including New Caledonia. In principle, any decision delivered by the court, there can be no further appeal, whether civil or criminal. The Supreme Court does not review the facts of the case, but has the final say in the manner in which a particular legal rule should be applied.

Th e administrative court is the state council. Disputes involving administrative law are normally heard at first instance by administrative courts (administrative tribunals) and at second instance by the Administrative Court of Appeal (administrative appeals).

Mix courts like the Labour Court and Commercial Court are active in New Caledonia. The Labour Court is composed of one professional judge, four assessors, two employees and two employers. The Commercial Court is composed of one professional judge and two consular judges, who are appointed as representatives of the business community.

The Court of Appeal sits in Nouméa, under the joint responsibility of the first president of the court and the public prosecutor and covers the territories of New Caledonia.

The judicial system is based on a two-tier court structure. Every case may be heard twice in regard to both the party’s points of fact and points of law. Before possibly reaching the court of appeal, a dispute may be heard first by the relevant court of the first instance. At this stage, judgment delivered by a court of first instance may be appealed.


(Source: Jonesday.com, page: Sec1: 11)

[Top] Demographic Overview

Population

The population of New Caledonia in 2009 was 245,580, an increase of 0.48% from 244,410 in 2008.         

(Source: Ministry of Statistics, Ministry of Statistics)

New Caledonia Total Population

(Source: Ministry of Statistics)

Gender balance

In 2009, the gender ratio was 100.6 men per 100 women.

(Source: UN)

Population age structure

In 2009, 25.5% of the population was in the 0-14 years age group. The population above 60 years was made up of 11.7% women and 10.6% men.

(Source: UN)

Median age

The median age of the population was 28.7 years in 2009.

(Source: globalhealthfacts.org)

Life expectancy

Between 2005 and 2010, the life expectancy at birth for men and women was 72.8 years and 79.7 years respectively.

(Source: UN)

Mortality rate

In 2008, the mortality rate in New Caledonia was 4.7 per thousand people. In 2007, the infant mortality rate was registered at 6.1 per thousand live births.

(Source: Ministry of Statistics, page: 7)

Birth rate

The crude birth rate was 16.2 per thousand in 2008.

(Source: Ministry of Statistics, page: 7)

Migration and urbanisation

The international migrant stock in mid-2010 was 59,800 people, which accounted for only 23.6% of the total population.

Approximately 64.4% of New Caledonia's population lived in urban areas in 2007. Between 2005-2010, the urban and rural population grew at an annual average rate of 2.1% and 0.5% respectively.

(Source: UN)

Ethnic groups

the ethnic groups in New Caledonia are Melanesian, European, Wallis & Futuna islander, Tahitian, Indonesian, Vietnamese, Ni-Vanuatu and other. Religions are Roman Catholic, Protestant and other.

(Source: Ministry of Statistics, nationsonline.org)

Human development index

New Caledonia is not in the Human Development Index 1970-2010.

(Source: hdr.undp.org)

[Top] Soft Infrastructure

Literacy rate

The literacy rate for adults was 96% for people aged 15 years and above in 2009.

(Source: World Bank.Org)

Education

New Caledonia’s education system includes primary level education, secondary level education and tertiary level education.

Primary school includes pre-schools and specialized education schools. Secondary school includes general and technology schools and professional schools.

(Source: Ministry of Statistics)

Higher education in New Caledonia consists of degree courses along with masters, doctorates, first cycle medical studies (PCEM1), diploma of scientific and technical university studies (DEUST). Some higher education institutes are also teacher training institutes, tertiary classes in senior highs and CCI and schools of commerce and nursing schools.

(Source: Ministry of Statistics)

Public and private primary schools at the beginning of 2010

Schools

Public

Private

1st degree

201

85

2nd degree

40

36

Junior high schools

30

23

incl. those with SEGPA (or SES)

11

3

Remote campuses (GOD)

3

1

Senior high schools

6

4

Professional senior high schools

4

8

Prof. Senior high remote campuses (ALP)

8

-

Total

241

121

 (Source: Ministry of Statistics)

Schools

Schools

2009

2008

2007

1st degree/ Primary Schools

36,502

36,796

37,011

2nd degree/ Secondary Schools

32,463

32,128

32,089

Tertiary

3,735

3,762

3,903

(Source: Ministry of Statistics)

Health

The healthcare system in New Caledonia includes public hospital centres, private clinics, medical constituencies and socio-medical centres, secondary medical centres or infirmaries, specialised centres and public family health service

At provincial level, public health care services are provided by 26 medico-social constituencies. Of these, seven are medical-social centres that have a total of 46 hospital beds. They deliver integrated health care. The remaining 19 are medical centres, which cover in total: 14 nursing stations, 55 consultation rooms and 22 dental care stations. There are four specialized medical centres based in Noumea (the Multi-Specialty Centre, the Mother and Child Health Centre, the School Health Centre and the Family Planning Centre).

At the territorial level, there are five public hospitals [Centre Hospitalier Territorial (CHT) Gaston Bourret – CHT Magenta, CH Noumea (CHN), CHT Raoul Follereau and CHT Col de la Pirogue] and three private hospitals [Clinique Baie Des Citrons (BDC) – Clinique Anse-Vata and Clinique Magnin].
The whole population has access to health services.

(Source: World Health Org)

[Top] Hard Infrastructure

Public transit

The main mode of public transport in New Caledonia is road and air transport.

Transport

2009

2008

2007

Maritime Traffic (thousands of tonnes)

 

 

 

International

5,473

5,173

6,027

Domestic

2,996

3,100

3,503

International air transport

 

 

 

Freight (tonne)

5,808

6,209

5,605

Passengers (number)

4,60,259

4,52,084

4,42,535

Domestic air transport

 

 

 

Freight (tonne)

1,298

1,149

1,078

Passengers (number)

3,70,056

3,48,528

3,21,740

Road transport

 

 

 

New Vehicles registration (number)

13,246

13,639

13,439

(Source: Ministry of Statistics)

Roadways

The total roadway length in New Caledonia is 5,622 km.

(Source: world.bymap.org)

Ports

The main ports in New Caledonia are Port of Babouillat, Port of Baje Ugue, Port of Kouaoua, Port of Nepoui, Port of Noumea, Port of Poro, and Port of Thio.

(Source: worldportsource.com)

Airports

Town

Airport name

Runway length (ft.)

Des Pins Is.

Moue

3,600

Houailou

Nesson

3,200

Kone

Kone

3,200

Koumac

Koumac

3,600

Lifou

Ouanaham

3,600

Mare

La Roche Aero

3,200

Noumea

Magenta

4,100

Noumea

Tontouta

10,600

Ouvea

Ouloup

3,600

Touho

Touho

3,600

(Source: air charter world)

Telecommunication

New Caledonia had 67,426 fixed telephone line subscribers in 2009 compared to 63,006 in 2008.

New Caledonia Fixed Telephone Line Subscribers


(Source: ITU)

Mobile phone subscribers amounted to 209,595 in 2009, an increase of 6.68% from 196,474 in 2008.

New Caledonia Mobile Cellular Subscribers

(Source: ITU)

New Caledonia had 85,000 internet users in Jun 2009 i.e. 37.4% of the total population.

 

(Source: internetworldstats.org)

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