List of Oceanian countries by GDP

Source IMF World Economic Outlook (October-2024)
Date15 Feb 2025

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.

  • Choropleth Map
  • Bubble Map
  • Chart map
  • Select each button from upper & lower
  • Nominal
  • Change in Nominal

GDP (Nominal)

Code Country/Economy GDP (billions of $) Share (%) Rank
20242025ChangeOceaniaWorld OceaniaWorld
AUSAustralia1,795.4921,829.50834.01685.61.56115
FJIFiji, Republic of5.9686.3360.3680.2960.005414159
KIRKiribati0.3080.3210.0130.01500.0002711191
MHLMarshall Islands, Republic of the0.2810.3020.0210.01410.0002612192
FSMMicronesia, Federated States of0.4710.4950.0240.02320.000429189
NRUNauru, Republic of0.1620.1720.0100.008040.0001513193
NZLNew Zealand258.365262.9094.54412.30.224255
PLWPalau, Republic of0.3220.3410.0190.01590.0002910190
PNGPapua New Guinea31.49632.7141.2181.530.02793112
WSMSamoa1.1761.2480.0720.05840.001076182
SLBSolomon Islands1.7781.9040.1260.08910.001635179
TONTonga0.5580.5870.0290.02750.000508188
TUVTuvalu0.0560.0580.0020.002710.0000514194
VUTVanuatu1.0901.1190.0290.05230.000967185
Oceania 2,097.523 2,138.014 40.491 1.82
  • Choropleth Map
  • Bubble Map
  • Chart map
  • Select each button from upper & lower
  • PPP
  • Change in PPP

GDP (PPP)

Code Country/Economy GDP (billions of Int. $) Share (%) Rank PPP/Nom
20242025ChangeOceaniaWorld OceaniaWorld
AUSAustralia1,900.2401,981.67281.43284.30.9481221.083
FJIFiji, Republic of14.37315.1920.8190.6470.0072741562.398
KIRKiribati0.4500.4790.0290.02040.0002391891.492
MHLMarshall Islands, Republic of the0.2680.2810.0130.01200.00013121920.930
FSMMicronesia, Federated States of0.4350.4500.0150.01920.00022101900.909
NRUNauru, Republic of0.1420.1480.0060.006300.00007131930.860
NZLNew Zealand287.520296.9709.45012.60.1422671.130
PLWPalau, Republic of0.3110.3330.0220.01420.00016111910.977
PNGPapua New Guinea44.89348.1643.2712.050.023031361.472
WSMSamoa1.6641.7500.0860.07450.0008461841.402
SLBSolomon Islands2.0572.1640.1070.09210.0010451821.137
TONTonga0.7620.8020.0400.03410.0003881881.366
TUVTuvalu0.0580.0610.0030.002600.00003141941.052
VUTVanuatu1.0271.0700.0430.04550.0005171870.956
Oceania 2,254.200 2,349.536 95.336 1.12 1.099