Oceania GDP Annual Growth Rate Ranking (2024)
In 2022, GDP annual growth rate in Oceania was highest in Northern Mariana Islands at 16.64%, followed by Samoa at 9.42% and Kiribati at 5.27%. The average GDP annual growth rate across countries in Oceania was 3.87%, the median was 3%, and New Zealand recorded the lowest GDP annual growth rate at -0.13%, according to the World Bank.
Data is available for the period 1961 to 2024 across 19 countries in Oceania.
Frequency : Yearly
| Rank | Country | Current Value ↓ | Previous Value | Year |
|---|---|---|---|---|
| 1 | 16.64% | 4.97% | 2022 | |
| 2 | 9.42% | 9.21% | 2024 | |
| 3 | 5.27% | 2.65% | 2024 | |
| 4 | 5.1% | 2.06% | 2022 | |
| 5 | 4.1% | 3.81% | 2024 | |
| 6 | 3.97% | -0.96% | 2024 | |
| 7 | 3.85% | 0.68% | 2023 | |
| 8 | 3.83% | 7.52% | 2024 | |
| 9 | 3.5% | -2.1% | 2022 | |
| 10 | 3% | 4.47% | 2023 | |
| 11 | 2.77% | -3.93% | 2024 | |
| 12 | 2.54% | 2.66% | 2024 | |
| 13 | 2.08% | -2.31% | 2023 | |
| 14 | 1.88% | -1.32% | 2023 | |
| 15 | 1.76% | 0.65% | 2024 | |
| 16 | 1.74% | -0.78% | 2022 | |
| 17 | 1.43% | 3.44% | 2024 | |
| 18 | 0.72% | 0.48% | 2024 | |
| 19 | -0.13% | 1.39% | 2024 |
Oceania GDP Annual Growth Rate Ranking (2024) : Definition
GDP Annual Growth Rate measures the year-over-year percentage change in real GDP for the full reporting year, expressed as an annual growth rate.