This note presents a summary of a study published in the notes of the Institut d’émission which proposes modelling Caledonian and Polynesian bilateral exchanges, as well as those between other small Pacific island economies with the help of a gravity model (see box 2). The results obtained show the main determinants, and accordingly the factors limiting or supporting intra-regional (...)

New Caledonia’s economy remained well-oriented, as it was in 2009, riding on the back of the robust recovery in demand in emerging countries – which notably led to a high level of nickel prices – and strong domestic demand, which was not only supported by the major ongoing works, but also by dynamic household consumption and investment.