Annual GDP growth in Oceania
Oceania: Annual GDP growth was 1.4% in 2024. ▼ Falling
Annual GDP growth in Oceania, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
The most recent figure for annual gdp growth in Oceania is 1.4%, measured in 2024.
That represents a change of down 57.9% on the previous year and down 50.9% over ten years.
Over the whole period, annual gdp growth in Oceania peaked at 4.2% in 2022 and was at its lowest, -0.3%, in 2020.
That places Oceania 31st out of 34 groups with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 25 years of available data.
Annual GDP growth in Oceania, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 3.7% | — |
| 2001 | 2.2% | -41.6% |
| 2002 | 4.0% | +84.5% |
| 2003 | 3.2% | -18.1% |
| 2004 | 4.2% | +28.3% |
| 2005 | 3.2% | -23.9% |
| 2006 | 2.7% | -13.4% |
| 2007 | 3.7% | +34.3% |
| 2008 | 3.0% | -19.3% |
| 2009 | 1.7% | -42.5% |
| 2010 | 2.2% | +28.6% |
| 2011 | 2.3% | +5.3% |
| 2012 | 3.7% | +61.2% |
| 2013 | 2.7% | -29.0% |
| 2014 | 2.9% | +8.1% |
| 2015 | 2.4% | -16.2% |
| 2016 | 2.9% | +21.6% |
| 2017 | 2.5% | -15.7% |
| 2018 | 2.9% | +16.4% |
| 2019 | 2.2% | -22.2% |
| 2020 | -0.3% | -115.6% |
| 2021 | 2.2% | -745.1% |
| 2022 | 4.2% | +87.6% |
| 2023 | 3.3% | -20.5% |
| 2024 | 1.4% | -57.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.2% | 1.7% | 4.2% | 10 |
| 2010s | 2.7% | 2.2% | 3.7% | 10 |
| 2020s | 2.2% | -0.3% | 4.2% | 5 |
Countries ranked near Oceania
More economy & growth data for Oceania
- Gross Domestic Product — Value US$ per capita, 2015 prices 39,068 USD (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 1.3 % (2024)
- Gross Domestic Product — Annual growth US$ per capita 2.09 % (2024)
- Gross Domestic Product — Annual growth US$ 3.27 % (2024)
- Gross Domestic Product — Value US$, 2015 prices 1.79 million million USD (2024)
- Gross Domestic Product — Value US$ 2.16 million million USD (2024)
- Gross Fixed Capital Formation — Annual growth US$ 7.32 % (2024)
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices 4.38 % (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 0.1357 % (2024)
- Gross Domestic Product — Value US$ per capita 47,045 USD (2024)
Frequently asked questions
- What is annual gdp growth in Oceania?
- Annual gdp growth in Oceania was 1.4% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Oceania?
- The highest recorded value was 4.2% in 2022.
- What is the lowest annual gdp growth recorded in Oceania?
- The lowest recorded value was -0.3% in 2020.
- How does Oceania rank for annual gdp growth?
- Oceania ranks 31st out of 34 groups with data for 2024.
- Is annual gdp growth rising or falling in Oceania?
- Over the last ten years it is down 50.9%. The long-run trend across the full record is falling.
- Where does this Oceania 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).