List of Oceanian countries by GDP per capita
Source | IMF World Economic Outlook (April-2024) |
Date | 11 Sep 2024 |
Australia is the richest economy in Oceania, the only economy having a per capita GDP above $50,000. The next three, New Zealand, Palau, and Nauru, have a GDP per capita of more than 10k US dollars. Solomon Islands is the poorest economy in Oceania.
In 2024, there will be no change in nominal ranking. Only two economies are within the top 50 world GDP per capita rankings.
Out of 14 economies, all Oceanian economies would see an increase in their per capita income in 2024 compared to 2023. Palau will add $2,357 in 2024, followed by Australia ($1,155).
In PPP data, Australia and New Zealand have a GDP per capita of above 50k Int. Dollars. Five economies would have per capita GDP above Int. $10,000. None of the Oceanian economies is in the top 20 richest economies globally, and only two economies are within the top 50 world GDP per capita rankings. There will be no change in PPP ranking in 2024.
Out of 14 economies, none of the Oceanian economies would see a decrease in 2024 compared to 2023. Palau will add Int. $2,292 in 2024, followed by Australia (Int. $1,864).
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- Nominal
- Change in Nominal
Country/Economy | GDP per capita ($) | % of | Rank | ||||
---|---|---|---|---|---|---|---|
2023 | 2024 | Change | Oceania | World | Oceania | World | |
Australia | 64,547 | 65,966 | 1,419 | 151 | 477 | 1 | 12 |
Fiji | 5,933 | 6,257 | 323 | 14 | 45.2 | 7 | 110 |
Kiribati | 2,231 | 2,455 | 224 | 6 | 17.7 | 13 | 147 |
Marshall Islands | 6,417 | 6,850 | 433 | 16 | 49.5 | 6 | 103 |
Micronesia | 4,865 | 5,120 | 255 | 12 | 37.0 | 9 | 118 |
Nauru | 12,078 | 12,285 | 207 | 28 | 88.8 | 4 | 79 |
New Zealand | 47,423 | 47,072 | -351 | 107 | 340 | 2 | 25 |
Palau | 16,014 | 17,978 | 1,963 | 41 | 130 | 3 | 62 |
Papua New Guinea | 2,518 | 2,544 | 26 | 6 | 18.4 | 12 | 146 |
Samoa | 4,478 | 5,048 | 570 | 12 | 36.5 | 10 | 119 |
Solomon Islands | 2,125 | 2,209 | 84 | 5 | 16.0 | 14 | 153 |
Tonga | 5,219 | 5,483 | 265 | 13 | 39.6 | 8 | 116 |
Tuvalu | 6,695 | 7,190 | 496 | 16 | 51.9 | 5 | 102 |
Vanuatu | 3,365 | 3,387 | 22 | 8 | 24.5 | 11 | 138 |
Oceania | 43,108 | 43,819 | 711 | 316.56 |
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- PPP
- Change in PPP
Country/Economy | GDP per capita (Int. $) | % of | Rank | PPP/Nom | ||||
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2023 | 2024 | Change | Oceania | World | Oceania | World | ||
Australia | 67,901 | 69,475 | 1,575 | 148 | 284 | 1 | 23 | 1.052 |
Fiji | 15,266 | 16,003 | 736 | 34 | 65.4 | 4 | 110 | 2.573 |
Kiribati | 3,387 | 3,612 | 225 | 8 | 14.8 | 11 | 168 | 1.518 |
Marshall Islands | 6,271 | 6,688 | 417 | 14 | 27.3 | 8 | 147 | 0.977 |
Micronesia | 4,527 | 4,689 | 163 | 10 | 19.2 | 10 | 159 | 0.931 |
Nauru | 10,626 | 10,829 | 203 | 23 | 44.3 | 5 | 129 | 0.880 |
New Zealand | 52,856 | 52,983 | 127 | 113 | 217 | 2 | 40 | 1.115 |
Palau | 15,539 | 17,207 | 1,668 | 37 | 70.3 | 3 | 103 | 0.970 |
Papua New Guinea | 3,376 | 3,542 | 167 | 8 | 14.5 | 12 | 169 | 1.341 |
Samoa | 6,316 | 6,998 | 682 | 15 | 28.6 | 7 | 145 | 1.410 |
Solomon Islands | 2,554 | 2,627 | 72 | 6 | 10.7 | 14 | 181 | 1.202 |
Tonga | 7,477 | 7,811 | 334 | 17 | 31.9 | 6 | 140 | 1.433 |
Tuvalu | 6,138 | 6,480 | 341 | 14 | 26.5 | 9 | 149 | 0.917 |
Vanuatu | 2,883 | 2,878 | -5 | 6 | 11.8 | 13 | 176 | 0.857 |
Oceania | 46,055 | 46,950 | 895 | 191.88 |