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New Caledonia

New Caledonia has about 25% of the world's known nickel resources. Only a small amount of the land is suitable for cultivation, and food accounts for about 20% of imports. In addition to nickel, substantial financial support from France - equal to more than 15% of GDP - and tourism are keys to the health of the economy. Substantial new investment in the nickel industry, combined with the recovery of global nickel prices, brightens the economic outlook for the next several years.

Economy of New Caledonia
SOURCE: CIA - The World Factbook
Currency Cfp Franc
Fiscal Year 01 January - 31 December
GDP (PPP) $3.158 billion (2003 est.)
GDP (per capita) $15,000 (2003 est.)
Exports $1.341 billion (2006)
Imports $1.998 billion (2006)
Main Industries Nickel Mining and Smelting
Exports - Commodities Ferronickels, Nickel Ore, Fish
Imports - Commodities Machinery and Equipment, Fuels, Chemicals, Foodstuffs
Exports Partners Japan 20.9%, France 17.7%, Taiwan 14.5%, Spain 8.3%, China 7.4%, Belgium 6.2%, Australia 5.3% (2008)
Imports Partners France 36.4%, Singapore 17.7%, Australia 11.5%, NZ 4.7% (2008)

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