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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
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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
Australia1,796.8051,771.681-25.12485.81.56114
Fiji5.9496.2570.3080.3030.005504158
Kiribati0.3080.3120.0040.01510.0002711190
Marshall Islands0.2800.2970.0170.01440.0002612191
Micronesia0.4710.5000.0290.02420.000449188
Nauru0.1610.1690.0080.008180.0001513192
New Zealand257.728248.666-9.06212.00.219254
Palau0.3060.3330.0270.01610.0002910189
Papua New Guinea31.65432.8351.1811.590.02893112
Samoa1.0681.1600.0920.05610.001027183
Solomon Islands1.7771.8980.1210.09190.001675178
Tonga0.5390.5680.0290.02750.000508187
Tuvalu0.0650.0650.0000.003150.0000614193
Vanuatu1.2061.2670.0610.06130.001116181
Oceania 2,098.317 2,066.008 -32.309 1.82
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  • PPP
  • Change in PPP
GDP (PPP)
Country/Economy GDP (billions of Int. $) Share (%) Rank PPP/Nom
20242025ChangeOceaniaWorld OceaniaWorld
Australia1,897.7741,980.02282.24884.30.9571201.118
Fiji14.86715.6570.7900.6660.0075741562.502
Kiribati0.4490.4790.0300.02040.0002391881.535
Marshall Islands0.2670.2810.0140.01200.00014121910.946
Micronesia0.4340.4510.0170.01920.00022101890.902
Nauru0.1420.1480.0060.006300.00007131920.876
New Zealand287.258298.93411.67612.70.1442681.202
Palau0.2960.3220.0260.01370.00016111900.967
Papua New Guinea44.81048.1023.2922.050.023331361.465
Samoa1.4931.6150.1220.06870.0007861831.392
Solomon Islands2.0542.1650.1110.09210.0010551811.141
Tonga0.7610.8030.0420.03420.0003981871.414
Tuvalu0.0660.0690.0030.002940.00003141931.062
Vanuatu1.0251.0660.0410.04540.0005271860.841
Oceania 2,251.696 2,350.114 98.418 1.14 1.138
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