Oceania Real GDP Ranking (2024)
In 2024, real GDP in Oceania was highest in Australia at $1.67 trillion (85.9% of the continent's total), followed by New Zealand at $221.10 billion (11.4%) and Papua New Guinea at $27.20 billion (1.4%). The average real GDP across countries in Oceania was $107.64 billion, the median was $890.01 million, and Tuvalu recorded the lowest real GDP at $46.86 million, according to the World Bank.
Data is available for the period 1960 to 2024 across 18 countries in Oceania.
Frequency : Yearly
| Rank | Country | Current Value ↓ | Previous Value | Year |
|---|---|---|---|---|
| 1 | $1.67T | $1.64T | 2024 | |
| 2 | $221.1B | $221.38B | 2024 | |
| 3 | $27.2B | $26.13B | 2024 | |
| 4 | $6.07B | $5.89B | 2023 | |
| 5 | $5.72B | $5.44B | 2022 | |
| 6 | $5.5B | $5.3B | 2024 | |
| 7 | $1.59B | $1.55B | 2024 | |
| 8 | $954.5M | $872.31M | 2024 | |
| 9 | $896.76M | $768.81M | 2022 | |
| 10 | $883.26M | $849.56M | 2024 | |
| 11 | $662.73M | $651.42M | 2022 | |
| 12 | $492.69M | $482.63M | 2023 | |
| 13 | $332.44M | $330.07M | 2024 | |
| 14 | $274.67M | $260.93M | 2024 | |
| 15 | $219.46M | $215.41M | 2023 | |
| 16 | $218.29M | $212.4M | 2024 | |
| 17 | $102.25M | $100.49M | 2024 | |
| 18 | $46.86M | $45.12M | 2023 |
Oceania Real GDP Ranking (2024) : Definition
Real GDP is defined as the value of all goods and services produced in a country, measured in US dollars adjusted to 2015 prices. By fixing prices to a base year, it removes the effect of inflation, so this represents real GDP rather than nominal GDP.