Annual GDP growth in Melanesia
Melanesia: Annual GDP growth was 3.6% in 2024. ◆ Volatile
Latest (2024)
3.6%
Change on year
down 20.2%
Rank
14th
of 22 regions
All-time high
11.2%
in 2014
All-time low
-5.5%
in 2020
Years of data
25
2000–2024
Annual GDP growth in Melanesia, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Melanesia recorded 3.6% for annual gdp growth in 2024.
The figure is down 20.2% on the previous year and down 67.4% over ten years.
Over the whole period, annual gdp growth in Melanesia peaked at 11.2% in 2014 and was at its lowest, -5.5%, in 2020.
Melanesia ranks 14th of 22 regions on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth in Melanesia, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | -2.7% | — |
| 2001 | -0.2% | -93.9% |
| 2002 | 0.3% | -272.7% |
| 2003 | 2.2% | +653.3% |
| 2004 | 3.6% | +64.7% |
| 2005 | 5.1% | +43.0% |
| 2006 | 4.7% | -8.1% |
| 2007 | 5.6% | +20.4% |
| 2008 | 0.5% | -91.8% |
| 2009 | 4.9% | +945.2% |
| 2010 | 8.5% | +74.6% |
| 2011 | 1.8% | -79.1% |
| 2012 | 3.8% | +117.7% |
| 2013 | 4.0% | +2.7% |
| 2014 | 11.2% | +182.7% |
| 2015 | 5.9% | -47.0% |
| 2016 | 4.9% | -16.7% |
| 2017 | 3.8% | -22.5% |
| 2018 | 0.6% | -84.1% |
| 2019 | 3.5% | +468.4% |
| 2020 | -5.5% | -258.3% |
| 2021 | -1.1% | -80.5% |
| 2022 | 6.9% | -749.9% |
| 2023 | 4.6% | -34.2% |
| 2024 | 3.6% | -20.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.4% | -2.7% | 5.6% | 10 |
| 2010s | 4.8% | 0.6% | 11.2% | 10 |
| 2020s | 1.7% | -5.5% | 6.9% | 5 |
Countries ranked near Melanesia
More economy & growth data for Melanesia
- Gross Domestic Product — Annual growth US$, 2015 prices 3.74 % (2024)
- Gross Fixed Capital Formation — Annual growth US$ 2.11 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 15.03 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 13.74 % (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 6,546 million USD (2024)
- Gross Fixed Capital Formation — Value US$ 7,131 million USD (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 1.97 % (2024)
- Gross Domestic Product — Value US$ 51,880 million USD (2024)
- Gross Domestic Product — Value US$ per capita, 2015 prices 3,365 USD (2024)
- Gross Domestic Product — Value US$, 2015 prices 43,564 million USD (2024)
Frequently asked questions
- What is annual gdp growth in Melanesia?
- Annual gdp growth in Melanesia was 3.6% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Melanesia?
- The highest recorded value was 11.2% in 2014.
- What is the lowest annual gdp growth recorded in Melanesia?
- The lowest recorded value was -5.5% in 2020.
- How does Melanesia rank for annual gdp growth?
- Melanesia ranks 14th out of 22 regions with data for 2024.
- Is annual gdp growth rising or falling in Melanesia?
- Over the last ten years it is down 67.4%. The long-run trend across the full record is volatile.
- Where does this Melanesia data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).