New Caledonia has more than 25% of the world's known nickel resources. In addition to nickel, the substantial financial support from France and tourism are keys to the health of the economy.
Noumea is the capital city of the French territory of New Caledonia. Noumea has experienced a major housing construction boom within the past decade. The installation of amenities has kept pace, and the municipality boasts a public works programme.
Noumea has an overall cost of living index which equates it with high cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.
The latest cost of living rank for each of the 13 Basket Groups is now available.