Gross Domestic Product — Annual growth US$ in Melanesia
Melanesia: Gross Domestic Product — Annual growth US$ was 5.12 % in 2024. ◆ Volatile
Gross Domestic Product — Annual growth US$ in Melanesia, 1971–2024
Source: Food and Agriculture Organization of the United Nations. Measured in %.
Analysis
Melanesia recorded 5.12 % for gross domestic product — annual growth us$ in 2024.
The figure is up 372.2% on the previous year and down 39.1% over ten years.
Over the whole period, gross domestic product — annual growth us$ in Melanesia peaked at 38.62 % in 1973 and was at its lowest, -16.25 %, in 1998.
That places Melanesia 12th out of 20 groups with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Annual growth US$ in Melanesia, year by year
| Year | % | Change |
|---|---|---|
| 1971 | 12.36 % | — |
| 1972 | 20.13 % | +62.9% |
| 1973 | 38.62 % | +91.9% |
| 1974 | 16.59 % | -57.1% |
| 1975 | 2.97 % | -82.1% |
| 1976 | 4.38 % | +47.5% |
| 1977 | 7.95 % | +81.7% |
| 1978 | 16.63 % | +109.3% |
| 1979 | 18.36 % | +10.4% |
| 1980 | 12.12 % | -34.0% |
| 1981 | -3.65 % | -130.1% |
| 1982 | -4.92 % | +34.7% |
| 1983 | -3.13 % | -36.4% |
| 1984 | 1.02 % | -132.6% |
| 1985 | -3.41 % | -434.4% |
| 1986 | 14.29 % | -518.7% |
| 1987 | 13.85 % | -3.1% |
| 1988 | 17.45 % | +26.0% |
| 1989 | 0.0485 % | -99.7% |
| 1990 | 0.5563 % | +1046.8% |
| 1991 | 11.84 % | +2029.1% |
| 1992 | 12.07 % | +1.9% |
| 1993 | 8.09 % | -33.0% |
| 1994 | 7.9 % | -2.3% |
| 1995 | 0.7188 % | -90.9% |
| 1996 | 4.94 % | +587.9% |
| 1997 | -2.99 % | -160.4% |
| 1998 | -16.25 % | +444.5% |
| 1999 | -0.6819 % | -95.8% |
| 2000 | -3.69 % | +440.9% |
| 2001 | -7.24 % | +96.4% |
| 2002 | 5.24 % | -172.3% |
| 2003 | 25.61 % | +389.1% |
| 2004 | 16.1 % | -37.1% |
| 2005 | 11.26 % | -30.1% |
| 2006 | 11.1 % | -1.4% |
| 2007 | 17.97 % | +61.9% |
| 2008 | 11.6 % | -35.5% |
| 2009 | -4.05 % | -135.0% |
| 2010 | 15.19 % | -474.7% |
| 2011 | 19.86 % | +30.8% |
| 2012 | 8.57 % | -56.9% |
| 2013 | 2.14 % | -75.1% |
| 2014 | 8.41 % | +293.5% |
| 2015 | -8.82 % | -204.9% |
| 2016 | -1.64 % | -81.4% |
| 2017 | 8.24 % | -602.9% |
| 2018 | 6.31 % | -23.5% |
| 2019 | 0.2577 % | -95.9% |
| 2020 | -4.84 % | -1979.2% |
| 2021 | 7 % | -244.6% |
| 2022 | 13.56 % | +93.7% |
| 2023 | 1.08 % | -92.0% |
| 2024 | 5.12 % | +372.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 15.33 % | 2.97 % | 38.62 % | 9 |
| 1980s | 4.37 % | -4.92 % | 17.45 % | 10 |
| 1990s | 2.62 % | -16.25 % | 12.07 % | 10 |
| 2000s | 8.39 % | -7.24 % | 25.61 % | 10 |
| 2010s | 5.85 % | -8.82 % | 19.86 % | 10 |
| 2020s | 4.38 % | -4.84 % | 13.56 % | 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$ per capita, 2015 prices 3,365 USD (2024)
- Gross Domestic Product — Value US$ 51,880 million USD (2024)
- Gross Domestic Product — Value US$ per capita 4,008 USD (2024)
Frequently asked questions
- What is gross domestic product — annual growth us$ in Melanesia?
- Gross domestic product — annual growth us$ in Melanesia was 5.12 % in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — annual growth us$ recorded in Melanesia?
- The highest recorded value was 38.62 % in 1973.
- What is the lowest gross domestic product — annual growth us$ recorded in Melanesia?
- The lowest recorded value was -16.25 % in 1998.
- How does Melanesia rank for gross domestic product — annual growth us$?
- Melanesia ranks 12th out of 20 groups with data for 2024.
- Is gross domestic product — annual growth us$ rising or falling in Melanesia?
- Over the last ten years it is down 39.1%. The long-run trend across the full record is volatile.
- Where does this Melanesia data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Annual growth US$. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).