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List of Oceanian countries by GDP

Source IMF World Economic Outlook (October-2024)
Date15 Feb 2025
Top Statistics
IPL 2025
List of continents by gdp per capita
Top 10 largest economies by GDP
  • See Also:
  • » Oceanian countries by GDP per capita
  • » Oceanian countries by Population
  • » Asian countries by GDP
  • » African countries by GDP
  • » European countries by GDP
  • » North American countries by GDP
  • » South American countries by GDP
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Australia is the largest economy in Oceania, followed by New Zealand and Papua New Guinea. These three together hold a huge 99.4% share of the Oceanian economy. Tuvalu has the smallest economy in Oceania.

One economy of Oceania would have a GDP above $1 trillion, and two would have an economy above $100 billion. None of the Oceanian economies are in the top ten largest economies globally, and only one is within the top 50 world GDP rankings.

The nominal GDP of all 14 economies would increase in 2025 compared to 2024. Australia ($79 bn) is the top contributor.

In PPP data, one economy in Oceania would have a GDP above Int. $1 trillion, and two would have an economy above Int. $100 billion. Only one Oceanian economy, Australia, is in the top 50 world GDP rankings.

None of the Oceanian economies would see a decrease in 2025 compared to 2024. Australia (Int. $75 bn) and New Zealand (Int. $610.7 bn) would be the top gainers.

Eight economies have higher GDP on a PPP basis, and six have higher on a nominal basis. Fiji has the highest PPP to nominal ratio of 2.56, while Nauru has the lowest figure of 0.82.

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  • Nominal
  • Change in Nominal
GDP (Nominal)
Country/Economy GDP (billions of $) Share (%) Rank
20242025ChangeOceaniaWorld OceaniaWorld
Australia1,802.0061,881.14079.13485.91.63113
Fiji5.7736.0810.3080.2780.005274158
Kiribati0.3120.3330.0210.01520.0002911191
Marshall Islands0.2790.2940.0150.01340.0002512192
Micronesia0.4840.5070.0230.02320.000449189
Nauru0.1600.1790.0190.008180.0001513193
New Zealand252.236262.92410.68812.00.228254
Palau0.3160.3530.0370.01610.0003110190
Papua New Guinea31.89632.6410.7451.490.02833110
Samoa1.0681.1470.0790.05240.000997185
Solomon Islands1.7301.8350.1050.08380.001595179
Tonga0.5450.5710.0260.02610.000498188
Tuvalu0.0730.0790.0060.003610.0000714194
Vanuatu1.1691.2140.0450.05550.001056184
Oceania 2,098.047 2,189.298 91.251 1.9
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  • PPP
  • Change in PPP
GDP (PPP)
Country/Economy GDP (billions of Int. $) Share (%) Rank PPP/Nom
20242025ChangeOceaniaWorld OceaniaWorld
Australia1,897.8851,973.28475.39984.40.9651201.049
Fiji14.76615.5380.7720.6650.0076041562.555
Kiribati0.4590.4870.0280.02080.0002491891.462
Marshall Islands0.2720.2870.0150.01230.00014121920.976
Micronesia0.4430.4590.0160.01960.00022101900.905
Nauru0.1410.1460.0050.006250.00007131930.816
New Zealand283.908294.56110.65312.60.1442671.120
Palau0.3030.3340.0310.01430.00016111910.946
Papua New Guinea44.41946.8882.4692.010.022931371.436
Samoa1.4801.5710.0910.06720.0007761841.370
Solomon Islands2.0572.1470.0900.09180.0010551821.170
Tonga0.7770.8100.0330.03470.0004081881.419
Tuvalu0.0660.0690.0030.002950.00003141940.873
Vanuatu0.9941.0270.0330.04390.0005071870.846
Oceania 2,247.970 2,337.608 89.638 1.14 1.068
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