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
AUSAustralia1,802.0061,881.14079.13485.91.63113
FJIFiji5.7736.0810.3080.2780.005274158
KIRKiribati0.3120.3330.0210.01520.0002911191
MHLMarshall Islands0.2790.2940.0150.01340.0002512192
FSMMicronesia0.4840.5070.0230.02320.000449189
NRUNauru0.1600.1790.0190.008180.0001513193
NZLNew Zealand252.236262.92410.68812.00.228254
PLWPalau0.3160.3530.0370.01610.0003110190
PNGPapua New Guinea31.89632.6410.7451.490.02833110
WSMSamoa1.0681.1470.0790.05240.000997185
SLBSolomon Islands1.7301.8350.1050.08380.001595179
TONTonga0.5450.5710.0260.02610.000498188
TUVTuvalu0.0730.0790.0060.003610.0000714194
VUTVanuatu1.1691.2140.0450.05550.001056184
Oceania 2,098.047 2,189.298 91.251 1.9
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GDP (PPP)

Code Country/Economy GDP (billions of Int. $) Share (%) Rank PPP/Nom
20242025ChangeOceaniaWorld OceaniaWorld
AUSAustralia1,897.8851,973.28475.39984.40.9651201.049
FJIFiji14.76615.5380.7720.6650.0076041562.555
KIRKiribati0.4590.4870.0280.02080.0002491891.462
MHLMarshall Islands0.2720.2870.0150.01230.00014121920.976
FSMMicronesia0.4430.4590.0160.01960.00022101900.905
NRUNauru0.1410.1460.0050.006250.00007131930.816
NZLNew Zealand283.908294.56110.65312.60.1442671.120
PLWPalau0.3030.3340.0310.01430.00016111910.946
PNGPapua New Guinea44.41946.8882.4692.010.022931371.436
WSMSamoa1.4801.5710.0910.06720.0007761841.370
SLBSolomon Islands2.0572.1470.0900.09180.0010551821.170
TONTonga0.7770.8100.0330.03470.0004081881.419
TUVTuvalu0.0660.0690.0030.002950.00003141940.873
VUTVanuatu0.9941.0270.0330.04390.0005071870.846
Oceania 2,247.970 2,337.608 89.638 1.14 1.068