PACIFIC ISLANDS BUSINESS INDICATORS
| New Caledonia | |
| Exchange Rate: 1 $ Local currency = x $US | |
| Currency | F.cfp |
| Calendar Year 1996 | 0.0101 |
| Calendar Year 1997 (used in tables) | 0.0089 |
| Q1 1998 | |
| % Change 1996 - Q1 1998 | |
GENERAL |
|
Land Area |
19,103 km2 |
EEZ |
2,000,000 km2 |
GDP |
US$1 billion (1991) |
GNP per Capita |
US$6,000 (1991) |
Human Development Index |
|
Life Expectancy |
74 years (1995) |
Infant Mortality |
14.4 per 1000 births (1995) |
INDICATOR LEVELS (US$ million) |
|
GDP (at current prices) |
|
Govt. Revenues |
$224 million (1985) |
Govt. Expenditures |
$221 million (1985) |
Govt. Budget Deficit (-) |
|
Exports (fob) |
$671 million (1989) |
Imports (fob) |
$764 million (1989) |
Current Accounts Balance (after grants) |
|
Gross Reserves a/ |
|
| LABOUR FORCE CONTEXT | |
| Population (1,000s latest census) 1 | 197 |
| Potential Labour Force, age 15-59 | 118 |
| Unpaid/underemployed labour force (%) 2 | |
| male | n/a |
| female | n/a |
| Quality of Local Labour Force3 | |
| Adult literacy rate (%) | n/a |
| Enrolment rate secondary schools (%) | n/a |
| LABOUR FORCE CONDITIONS | |
| Legislated minimum wage | 3.94 |
| Average Wage Rates ($per hour)4 | |
| Managerial | |
| Supervisory | |
| Skilled | |
| Semi Skilled | |
| Unskilled | |
| Normal number of hours work per week | 39 |
| No. paid holidays per year | n/a |
| Employer Contributions (% wage bill) | |
| Workers Superannuation Fund | |
| compulsory? | Yes |
| rate (%) | 3.1-11.90 |
| Western Compensation Fund | |
| compulsory? | Yes |
| rate (%)5 | 0.72-6.50 |
| Electricity | |
| connection fee | |
| tariff per kilowat hour | |
| Water & Sewage | |
| water connection fee ($) | 890 |
| sewage connection fee | 1,068 |
| sewage rate | 0.50/m3 |
| Telephone | |
| installation fee ($) | 134 |
| line/equipment rental rate ($) per year | 173 |
| rate per local call ($) | 0.11/1min |
| long distance rates ($) per minute | |
| Japan (Tokyo) | 2.10 |
| USA (Los Angeles) | 2.10 |
| United Kingdom (London) | 2.60 |
| Australia (Sydney) | 1.10 |
| New Zealand (Auckland) | 1.10 |
| Singapore | 2.10 |
| Neighbouring Forum Island countries | |
| Tonga | 1.40 |
| Samoa | 1.40 |
| Fiji | 1.40 |
| Papua New Guinea | 1.40 |
| Vanuatu | 1.10 |
| Marshall Islands | |
| Tuvalu | |
| Kiribati | |
| Federated States of Micronesia | |
| Solomon Islands | 1.40 |
| Cook Islands | |
| Nauru | |
| Palau | |
| Total Cost 1 year of service 1 | 3,097 |
| Internet/E-mail | |
| connection fee | 45 |
| rental rate per year | 214 |
| no. free hours per month included in rental | 4 |
| rate per additional hour use | 8.90 |
| Total cost 1 year of service2 | 900 |
| Sea Freight (cif) per cubic metre 1 | |
| Japan (Tokyo) | 218 |
| USA (Los Angeles) | 270 |
| United Kingdom (London) | |
| Australia (Sydney) | 89 |
| New Zealand (Auckland) | 89 |
| Singapore | |
| Neighbouring Forum Island Countries | |
| Tonga | |
| Samoa | |
| Fiji | |
| Marshall Islands | |
| Papua New Guinea | 150 |
| Cook Islands | |
| Solomon Islands | 150 |
| Vanuatu | 60 |
| Palau | |
| Kiribati | |
| Federated States of Micronesia | |
| Air Freight (cif) per kilogram | |
| Japan (Tokyo) | 7.50-10.00 |
| USA (Los Angeles) | 12.60-16.60 |
| United Kingdom (London) | |
| Australia (Sydney) | 2.60-3.30 |
| New Zealand (Auckland) | 2.60-3.30 |
| Singapore | |
| Neighbouring Forum Island Countries | |
| Tonga | |
| Samoa | |
| Fiji | 2.30-3.00 |
| Marshall Islands | |
| Kiribati | |
| Federated States of Micronesia | |
| Papua New Guinea | |
| Cook Islands | |
| Solomon Islands | |
| Vanuatu | 0.70-0.90 |
| Palau | |
| Land | |
| total area (sq kilometers | 19,103 |
| Customary land | |
| Proportion customarily owned (%) | n/a |
| Max period for commercial lease (yrs) | 9 |
| Average lease rate per acre per annum | |
| agricultural land ($) | n/a |
| commercial land ($) | n/a |
| Free hold land | |
| average purchase price per acre | - |
| Factory Space | |
| average annual rental price per sq ft | n/a |
| Commercial Banking | |
| Commercial Banks, excl Dev Banks (No) | n/a |
| Lending rate range (% per annum) | 7.45-12.87 |
| Average lending rate (% per annum) | n/a |
| Personal Tax Rates (Brackets) | |
| No tax | <8,900 |
| rate of 5% | 8,900-11,570 |
| rate of 6% | |
| rate of 8% | |
| rate of 10% | 11,570-14,240 |
| rate of 12% | |
| rate of 15% | 14,240-19,580 |
| rate of 20% | 19,580-24,920 |
| rate of 25% | |
| rate of 30% | 24,920-40,050 |
| rate of 35% | |
| rate of 37% | |
| rate of 40% | >40,050 |
| Company Tax Rate (%) | |
| Resident Company | |
| General | 30 |
| Mining | 35 |
| Petroleum | |
| Non-Resident Company | |
| General | |
| Mining | |
| Petroleum | |
| Other Taxes & Fees | |
| Business Gross Receipt tax (%) | |
| GST/Value added tax (%) | - |
| Sales tax (%) | - |
| Annual business licence fees ($) | n/a |
| Import Duty Rates (% range) | |
| manufacturing inputs | 0-12 |
| general (excluding cigarettes, liquor et) | Dec-41 |