In 2023, New Caledonia's GDP was predominantly driven by the Services sector, contributing 52.33% to the overall economy. The Mining, Manufacturing, and Utilities sector comprised 14.71%, reflecting the region's mineral resource richness. The Wholesale, Retail Trade, Restaurants, and Hotels sector made up 12.8%, indicating a vibrant consumer economy. Construction accounted for 11.48%, showcasing infrastructural developments. Transport, Storage, and Communication contributed 7.25%, and Agriculture, Hunting, Forestry, and Fishing had the smallest share at 1.43%.
Future trends to watch for include:
- The Services sector will likely continue to expand, driven by technological advancements and tourism growth.
- Mining may face fluctuations due to global demand shifts for minerals.
- Infrastructure projects in construction may receive a boost from government or private investments.
- Agriculture and fishing might see policy shifts aimed at sustainability and food security.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Services | 52.33 | 2016 | |
| 2 | 2 Mining, Manufacturing, Utilities | 14.71 | 2016 | |
| 3 | 3 Wholesale, retail trade, restaurants and hotels | 12.8 | 2016 | |
| 4 | 4 Construction | 11.48 | 2016 | |
| 5 | 5 Transport, storage and communication | 7.25 | 2016 | |
| 6 | 6 Agriculture, hunting, forestry, fishing | 1.43 | 2016 |
