Oceania GDP Ranking (2024)
In 2024, GDP in Oceania was highest in Australia at $1.75 trillion (84.2% of the continent's total), followed by New Zealand at $260.24 billion (12.5%) and Papua New Guinea at $32.54 billion (1.6%). The average GDP across countries in Oceania was $109.57 billion, the median was $1.10 billion, and Tuvalu recorded the lowest GDP at $62.28 million, according to the World Bank.
Data is available for the period 1960 to 2024 across 19 countries in Oceania.
Frequency : Yearly
| Rank | Country | Current Value ↓ | Previous Value | Year |
|---|---|---|---|---|
| 1 | $1.75T | $1.73T | 2024 | |
| 2 | $260.24B | $255.19B | 2024 | |
| 3 | $32.54B | $30.82B | 2024 | |
| 4 | $9.62B | $10.07B | 2022 | |
| 5 | $6.91B | $6.23B | 2022 | |
| 6 | $6.4B | $5.81B | 2023 | |
| 7 | $5.84B | $5.44B | 2024 | |
| 8 | $1.76B | $1.66B | 2024 | |
| 9 | $1.16B | $1.13B | 2024 | |
| 10 | $1.1B | $914M | 2022 | |
| 11 | $1.07B | $938.19M | 2024 | |
| 12 | $871M | $750M | 2022 | |
| 13 | $508.74M | $518.18M | 2023 | |
| 14 | $471.43M | $443.92M | 2024 | |
| 15 | $307.86M | $288.61M | 2024 | |
| 16 | $281.85M | $255.59M | 2023 | |
| 17 | $280.36M | $259.3M | 2024 | |
| 18 | $160.35M | $151.46M | 2024 | |
| 19 | $62.28M | $59.07M | 2023 |
Oceania GDP Ranking (2024) : Definition
GDP measures the total market value of all final goods and services produced in a year, reported in current (nominal) US dollars for that year. It is also called Nominal GDP.