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.

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GDP (Nominal)

Code Country/Economy GDP (billions of $) Share (%) Rank
20242025ChangeOceaniaWorld OceaniaWorld
AUSAustralia1,796.8051,771.681-25.12485.81.56114
FJIFiji5.9496.2570.3080.3030.005504158
KIRKiribati0.3080.3120.0040.01510.0002711190
MHLMarshall Islands0.2800.2970.0170.01440.0002612191
FSMMicronesia0.4710.5000.0290.02420.000449188
NRUNauru0.1610.1690.0080.008180.0001513192
NZLNew Zealand257.728248.666-9.06212.00.219254
PLWPalau0.3060.3330.0270.01610.0002910189
PNGPapua New Guinea31.65432.8351.1811.590.02893112
WSMSamoa1.0681.1600.0920.05610.001027183
SLBSolomon Islands1.7771.8980.1210.09190.001675178
TONTonga0.5390.5680.0290.02750.000508187
TUVTuvalu0.0650.0650.0000.003150.0000614193
VUTVanuatu1.2061.2670.0610.06130.001116181
Oceania 2,098.317 2,066.008 -32.309 1.82
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GDP (PPP)

Code Country/Economy GDP (billions of Int. $) Share (%) Rank PPP/Nom
20242025ChangeOceaniaWorld OceaniaWorld
AUSAustralia1,897.7741,980.02282.24884.30.9571201.118
FJIFiji14.86715.6570.7900.6660.0075741562.502
KIRKiribati0.4490.4790.0300.02040.0002391881.535
MHLMarshall Islands0.2670.2810.0140.01200.00014121910.946
FSMMicronesia0.4340.4510.0170.01920.00022101890.902
NRUNauru0.1420.1480.0060.006300.00007131920.876
NZLNew Zealand287.258298.93411.67612.70.1442681.202
PLWPalau0.2960.3220.0260.01370.00016111900.967
PNGPapua New Guinea44.81048.1023.2922.050.023331361.465
WSMSamoa1.4931.6150.1220.06870.0007861831.392
SLBSolomon Islands2.0542.1650.1110.09210.0010551811.141
TONTonga0.7610.8030.0420.03420.0003981871.414
TUVTuvalu0.0660.0690.0030.002940.00003141931.062
VUTVanuatu1.0251.0660.0410.04540.0005271860.841
Oceania 2,251.696 2,350.114 98.418 1.14 1.138