New Caledonia is classified as a special collectively of France, and consists of an archipelago of islands, including the main island of Grande Terre. New Caledonia is located in the southwest Pacific Ocean, south of Vanuatu.
With one of the largest economies in the South Pacific, it is unsurprising that the demand for corporate serviced apartments in New Caledonia is growing. Much of the land on the islands is unsuitable for commercial agriculture, meaning the food accounts for approximately 20% of imports. However, New Caledonia is one of the world’s largest producers of yams, taro, plantains and coconuts. The island community exports large amounts of nickel ore and ferronickel - in fact, New Caledonian soils contains 25% of the world’s nickel resources. Furthermore, the archipelago’s economy is supported by considerable French investment and financial backing.
New Caledonia has a relatively underdeveloped tourism sector, especially when compared with nearby island communities. Vanuatu has roughly 200,000 tourists visiting every year, whereas New Caledonia averages 100,000. As nickel mining remained the dominant form of income in the islands for many years, tourism was not heavily invested in until nickel prices fell in the 1970s. Holiday packages were promoted to Australians in an attempt to boost tourist interest – and by the 1980s New Caledonia was targeting Japan with the majority of its marketing campaigns. As the islands become better known for tourist opportunities, numbers are likely to grow.
Population: 280 thousand
Currency: Pacific franc (CFP)
Dominant Religion: Christian
Time Zone: (UTC + 12)
Main Exports: Ferronickel, Nickel ore, Fish
Internet Domain: .nc
International Dial Code: +687