The Institut d’Outremer is a French institution. It is the bank of New Caledonian banks. It is notably in charge ofcoin money and conducting economic surveys. It has just published a panorama of Caledonia. Here are the main figures.
Population growth in slow motion
271,407 inhabitants (census end 2019)
2014 – 2019: negative migratory balance: – 9000 people: a first since 1983.
Positive natural balance: +12,500 people.
1% growth compared to 9.4% in the previous census
Northern Province: 18% of the population (-600 inhabitants).
South Province: 75% of the population (+3,200 inhabitants).
Islands Province: 7% of the population (stable).
A slowing economy
Total employment: 2019: 88,000 employees.
65,700 in the private sector :
2009-2015: +2.1% per year
2015-2018 : -0.7% per year
22,300 in the public
2009-2019: +1.0% per year
Foreign trade deficits
Balance of trade deficit: -136 billion XPF in 2019
Coverage rate: 49.5% on average over 10 years
A slower growth regime
GDP: 1,028 billion XPF in 2018 (+0.6% over one year)
Moderate headline inflation
Since 2010: < 1% on average
In 2019: +0.3%.
Heterogeneous developments in the main business sectors
A modest but developing tourism sector
Tourist numbers on the rise
+2.8% per year on average over 2009-2019
113,000 tourists per year on average
Record in 2019: 130,000 tourists
A decade of growth for the nickel industry
Construction of two new factories.
Mining and metal production doubles between 2009 and 2019.
Volatile nickel prices
2007-2008 > $30,000/tonne
2015 < $10,000/tonne
2019 = $13,900/tonne
Construction sector activity in contraction
Number of enterprises and salaried jobs down
-3.8% average number of companies per year (2012-2019)
-4.1% for employment
Cement consumption down
-5.7% per year on average over 2009-2019
(reaches its lowest level in 2019).
Continuous development of the financing activity of the economy
9 credit institutions established locally
4 “out-of-area” institutions complete the territory’s financing offer
Healthy outstanding loans: +4.9% per year on average between 2009 and 2019
Total outstanding deposits: +3.3% per year on average between 2009 and 2019