Remittance inflows to GDP in New Caledonia
New Caledonia: Remittance inflows to GDP was 6.6% in 2020. ▼ Falling
Remittance inflows to GDP in New Caledonia, 2002–2020
Source: World Development Indicators (WDI), World Bank. Measured in %.
Analysis
New Caledonia recorded 6.6% for remittance inflows to gdp in 2020.
That represents a change of up 25.3% over ten years.
Over the whole period, remittance inflows to gdp in New Caledonia peaked at 9.1% in 2003 and was at its lowest, 5.3%, in 2010.
That places New Caledonia 56th out of 197 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently falling across the 19 years of available data.
Remittance inflows to GDP in New Caledonia, year by year
| Year | % | Change |
|---|---|---|
| 2002 | 8.9% | — |
| 2003 | 9.1% | +2.6% |
| 2004 | 8.4% | -8.4% |
| 2005 | 8.2% | -1.8% |
| 2006 | 7.7% | -6.3% |
| 2007 | 5.6% | -27.6% |
| 2008 | 6.0% | +7.8% |
| 2009 | 5.9% | -2.5% |
| 2010 | 5.3% | -10.2% |
| 2011 | 5.7% | +9.3% |
| 2012 | 7.4% | +28.9% |
| 2013 | 7.1% | -3.6% |
| 2014 | 6.8% | -5.0% |
| 2015 | 7.0% | +3.5% |
| 2016 | 7.1% | +1.5% |
| 2017 | 6.8% | -4.9% |
| 2018 | 6.3% | -6.8% |
| 2019 | 6.6% | +4.3% |
| 2020 | 6.6% | +0.0% |
New Caledonia compared with similar countries
- New Caledonia's 6.6% is above the median for high income countries, which is 0.8%, 8.6× the median. (67 countries reporting)
- New Caledonia's 6.6% is above the median for East Asia & Pacific, which is 2.3%, 2.8× the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.5% | 5.6% | 9.1% | 8 |
| 2010s | 6.6% | 5.3% | 7.4% | 10 |
| 2020s | 6.6% | 6.6% | 6.6% | 1 |
Countries ranked near New Caledonia
More financial sector data for New Caledonia
- Net migration, annual growth rate -3.3 % change on previous year (2025)
- Net migration 440 (2025)
- Official exchange rate 105.86 LCU per US$, period average (2025)
- GDP deflator: linked series 111.78 base year varies by country (2024)
- Inflation, GDP deflator: linked series 1.1% (2024)
- GDP deflator: linked series (base year varies by country), annual 1.13 % change on previous year (2024)
- Banking crisis dummy 0 1=banking crisis, 0=none (2017)
- Consumer price index 106.96 2010 = 100 (2016)
- Reserve assets, Assets, Adjusted using IMF accounting records 0 (2016)
- Net errors and omissions, Net (credits less debits), Adjusted using -193.68 million (2016)
Frequently asked questions
- What is remittance inflows to gdp in New Caledonia?
- Remittance inflows to gdp in New Caledonia was 6.6% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest remittance inflows to gdp recorded in New Caledonia?
- The highest recorded value was 9.1% in 2003.
- What is the lowest remittance inflows to gdp recorded in New Caledonia?
- The lowest recorded value was 5.3% in 2010.
- How does New Caledonia rank for remittance inflows to gdp?
- New Caledonia ranks 56th out of 197 countries with data for 2020.
- Is remittance inflows to gdp rising or falling in New Caledonia?
- Over the last ten years it is up 25.3%. The long-run trend across the full record is falling.
- Where does this New Caledonia data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Remittance inflows to GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by nonresident workers. Data are the sum of three items defined in the fifth edition of the IMF's Balance of Payments Manual: workers' remittances, compensation of employees, and migrants' transfers. Remittances are classified as current private transfers from migrant workers resident in the host country for more than a year, irrespective of their immigration status, to recipients in their country of origin. Migrants' transfers are defined as the net worth of migrants who are expected to remain in the host country for more than one year that is transferred from one country to another at the time of migration. Compensation of employees is the income of migrants who have lived in the host country for less than a year.