GDP Deflator — Value US$, 2015 prices in Melanesia
Melanesia: GDP Deflator — Value US$, 2015 prices was 119.09 USD in 2024. ▲ Rising
GDP Deflator — Value US$, 2015 prices in Melanesia, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in USD.
Analysis
The most recent figure for gdp deflator — value us$, 2015 prices in Melanesia is 119.09 USD, measured in 2024.
That represents a change of up 1.3% on the previous year and up 3.7% over ten years.
Over the whole period, gdp deflator — value us$, 2015 prices in Melanesia peaked at 119.3 USD in 2022 and was at its lowest, 18.35 USD, in 1970.
That places Melanesia 107th out of 222 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
GDP Deflator — Value US$, 2015 prices in Melanesia, year by year
| Year | USD | Change |
|---|---|---|
| 1970 | 18.35 USD | — |
| 1971 | 19.62 USD | +6.9% |
| 1972 | 22.39 USD | +14.1% |
| 1973 | 30.89 USD | +38.0% |
| 1974 | 34.17 USD | +10.6% |
| 1975 | 34.7 USD | +1.5% |
| 1976 | 36.39 USD | +4.9% |
| 1977 | 39.64 USD | +8.9% |
| 1978 | 42.85 USD | +8.1% |
| 1979 | 50.74 USD | +18.4% |
| 1980 | 58.09 USD | +14.5% |
| 1981 | 56.15 USD | -3.3% |
| 1982 | 53.02 USD | -5.6% |
| 1983 | 50.73 USD | -4.3% |
| 1984 | 50.37 USD | -0.7% |
| 1985 | 47.59 USD | -5.5% |
| 1986 | 52.32 USD | +9.9% |
| 1987 | 58.63 USD | +12.1% |
| 1988 | 62.8 USD | +7.1% |
| 1989 | 60.67 USD | -3.4% |
| 1990 | 60.26 USD | -0.7% |
| 1991 | 63.67 USD | +5.7% |
| 1992 | 66.12 USD | +3.9% |
| 1993 | 64.98 USD | -1.7% |
| 1994 | 66.8 USD | +2.8% |
| 1995 | 66.97 USD | +0.3% |
| 1996 | 67.19 USD | +0.3% |
| 1997 | 67.35 USD | +0.2% |
| 1998 | 55.22 USD | -18.0% |
| 1999 | 53 USD | -4.0% |
| 2000 | 51.7 USD | -2.5% |
| 2001 | 47.67 USD | -7.8% |
| 2002 | 49.09 USD | +3.0% |
| 2003 | 59.26 USD | +20.7% |
| 2004 | 67.14 USD | +13.3% |
| 2005 | 72.19 USD | +7.5% |
| 2006 | 77.61 USD | +7.5% |
| 2007 | 86.94 USD | +12.0% |
| 2008 | 96.6 USD | +11.1% |
| 2009 | 88.97 USD | -7.9% |
| 2010 | 94.83 USD | +6.6% |
| 2011 | 110.93 USD | +17.0% |
| 2012 | 116.59 USD | +5.1% |
| 2013 | 115.15 USD | -1.2% |
| 2014 | 114.81 USD | -0.3% |
| 2015 | 100 USD | -12.9% |
| 2016 | 94.82 USD | -5.2% |
| 2017 | 99.34 USD | +4.8% |
| 2018 | 105.01 USD | +5.7% |
| 2019 | 102.82 USD | -2.1% |
| 2020 | 102.79 USD | -0.0% |
| 2021 | 111.57 USD | +8.5% |
| 2022 | 119.3 USD | +6.9% |
| 2023 | 117.52 USD | -1.5% |
| 2024 | 119.09 USD | +1.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 32.97 USD | 18.35 USD | 50.74 USD | 10 |
| 1980s | 55.04 USD | 47.59 USD | 62.8 USD | 10 |
| 1990s | 63.16 USD | 53 USD | 67.35 USD | 10 |
| 2000s | 69.72 USD | 47.67 USD | 96.6 USD | 10 |
| 2010s | 105.43 USD | 94.82 USD | 116.59 USD | 10 |
| 2020s | 114.05 USD | 102.79 USD | 119.3 USD | 5 |
Countries ranked near Melanesia
More economy & growth data for Melanesia
- Gross Domestic Product — Value US$ per capita, 2015 prices 3,365 USD (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices, annual growth 1.98 % change on previous year (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 3.74 % (2024)
- Gross Domestic Product — Annual growth US$ per capita 3.32 % (2024)
- Gross Domestic Product — Annual growth US$ 5.12 % (2024)
- Gross Domestic Product — Value US$, 2015 prices 43,564 million USD (2024)
- Gross Domestic Product — Value US$ 51,880 million USD (2024)
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices 1.98 % (2024)
- Gross Fixed Capital Formation — Annual growth US$ 2.11 % (2024)
- Gross Fixed Capital Formation — Value US$, annual growth rate 2.11 % change on previous year (2024)
Frequently asked questions
- What is gdp deflator — value us$, 2015 prices in Melanesia?
- Gdp deflator — value us$, 2015 prices in Melanesia was 119.09 USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gdp deflator — value us$, 2015 prices recorded in Melanesia?
- The highest recorded value was 119.3 USD in 2022.
- What is the lowest gdp deflator — value us$, 2015 prices recorded in Melanesia?
- The lowest recorded value was 18.35 USD in 1970.
- How does Melanesia rank for gdp deflator — value us$, 2015 prices?
- Melanesia ranks 107th out of 222 countries with data for 2024.
- Is gdp deflator — value us$, 2015 prices rising or falling in Melanesia?
- Over the last ten years it is up 3.7%. The long-run trend across the full record is rising.
- Where does this Melanesia data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of GDP Deflator — Value US$, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Deflators database provides the following selection of price deflator series by country and at regional level: Gross Domestic Product deflator, Gross Fixed Capital Formation deflator, Manufacturing Value-Added deflator, and Agriculture, Forestry, Fishery Valued-Added deflator. In the FAOSTAT Deflators database, all series are derived from the United Nations Statistics Division (UNSD) National Accounts Analysis of Main Aggregates database (UNSD AMA). In particular, the implicit Gross Domestic Product deflator, the implicit Gross Fixed Capital Formation deflator, the implicit value added deflator of Agriculture, Forestry, Fishery and the implicit value added deflator of Manufacturing are obtained by dividing the series in current prices by those in constant 2015 prices (base year).