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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
Australia1,795.4921,829.50834.01685.61.56115
Fiji, Republic of5.9686.3360.3680.2960.005414159
Kiribati0.3080.3210.0130.01500.0002711191
Marshall Islands, Republic of the0.2810.3020.0210.01410.0002612192
Micronesia, Federated States of0.4710.4950.0240.02320.000429189
Nauru, Republic of0.1620.1720.0100.008040.0001513193
New Zealand258.365262.9094.54412.30.224255
Palau, Republic of0.3220.3410.0190.01590.0002910190
Papua New Guinea31.49632.7141.2181.530.02793112
Samoa1.1761.2480.0720.05840.001076182
Solomon Islands1.7781.9040.1260.08910.001635179
Tonga0.5580.5870.0290.02750.000508188
Tuvalu0.0560.0580.0020.002710.0000514194
Vanuatu1.0901.1190.0290.05230.000967185
Oceania 2,097.523 2,138.014 40.491 1.82
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  • PPP
  • Change in PPP
GDP (PPP)
Country/Economy GDP (billions of Int. $) Share (%) Rank PPP/Nom
20242025ChangeOceaniaWorld OceaniaWorld
Australia1,900.2401,981.67281.43284.30.9481221.083
Fiji, Republic of14.37315.1920.8190.6470.0072741562.398
Kiribati0.4500.4790.0290.02040.0002391891.492
Marshall Islands, Republic of the0.2680.2810.0130.01200.00013121920.930
Micronesia, Federated States of0.4350.4500.0150.01920.00022101900.909
Nauru, Republic of0.1420.1480.0060.006300.00007131930.860
New Zealand287.520296.9709.45012.60.1422671.130
Palau, Republic of0.3110.3330.0220.01420.00016111910.977
Papua New Guinea44.89348.1643.2712.050.023031361.472
Samoa1.6641.7500.0860.07450.0008461841.402
Solomon Islands2.0572.1640.1070.09210.0010451821.137
Tonga0.7620.8020.0400.03410.0003881881.366
Tuvalu0.0580.0610.0030.002600.00003141941.052
Vanuatu1.0271.0700.0430.04550.0005171870.956
Oceania 2,254.200 2,349.536 95.336 1.12 1.099
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