Gross Domestic Product — Value US$, 2015 prices in Melanesia
Melanesia: Gross Domestic Product — Value US$, 2015 prices was 43,564 million USD in 2024. ▲ Rising
Gross Domestic Product — Value US$, 2015 prices in Melanesia, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for gross domestic product — value us$, 2015 prices in Melanesia is 43,564 million USD, measured in 2024. That is the highest value across all 55 years on record.
The figure is up 3.7% on the previous year and up 22.5% over ten years.
Over the whole period, gross domestic product — value us$, 2015 prices in Melanesia peaked at 43,564 million USD in 2024 and was at its lowest, 9,628 million USD, in 1970.
That places Melanesia 11th out of 20 groups with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
Gross Domestic Product — Value US$, 2015 prices in Melanesia, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 9,628 million USD | — |
| 1971 | 10,116 million USD | +5.1% |
| 1972 | 10,650 million USD | +5.3% |
| 1973 | 10,701 million USD | +0.5% |
| 1974 | 11,278 million USD | +5.4% |
| 1975 | 11,436 million USD | +1.4% |
| 1976 | 11,380 million USD | -0.5% |
| 1977 | 11,278 million USD | -0.9% |
| 1978 | 12,170 million USD | +7.9% |
| 1979 | 12,164 million USD | -0.1% |
| 1980 | 11,912 million USD | -2.1% |
| 1981 | 11,874 million USD | -0.3% |
| 1982 | 11,955 million USD | +0.7% |
| 1983 | 12,104 million USD | +1.2% |
| 1984 | 12,316 million USD | +1.7% |
| 1985 | 12,591 million USD | +2.2% |
| 1986 | 13,090 million USD | +4.0% |
| 1987 | 13,297 million USD | +1.6% |
| 1988 | 14,580 million USD | +9.6% |
| 1989 | 15,100 million USD | +3.6% |
| 1990 | 15,288 million USD | +1.2% |
| 1991 | 16,183 million USD | +5.8% |
| 1992 | 17,462 million USD | +7.9% |
| 1993 | 19,206 million USD | +10.0% |
| 1994 | 20,162 million USD | +5.0% |
| 1995 | 20,253 million USD | +0.5% |
| 1996 | 21,188 million USD | +4.6% |
| 1997 | 20,505 million USD | -3.2% |
| 1998 | 20,944 million USD | +2.1% |
| 1999 | 21,673 million USD | +3.5% |
| 2000 | 21,399 million USD | -1.3% |
| 2001 | 21,525 million USD | +0.6% |
| 2002 | 21,996 million USD | +2.2% |
| 2003 | 22,890 million USD | +4.1% |
| 2004 | 23,458 million USD | +2.5% |
| 2005 | 24,273 million USD | +3.5% |
| 2006 | 25,084 million USD | +3.3% |
| 2007 | 26,413 million USD | +5.3% |
| 2008 | 26,530 million USD | +0.4% |
| 2009 | 27,636 million USD | +4.2% |
| 2010 | 29,868 million USD | +8.1% |
| 2011 | 30,605 million USD | +2.5% |
| 2012 | 31,614 million USD | +3.3% |
| 2013 | 32,694 million USD | +3.4% |
| 2014 | 35,549 million USD | +8.7% |
| 2015 | 37,212 million USD | +4.7% |
| 2016 | 38,600 million USD | +3.7% |
| 2017 | 39,884 million USD | +3.3% |
| 2018 | 40,108 million USD | +0.6% |
| 2019 | 41,066 million USD | +2.4% |
| 2020 | 39,090 million USD | -4.8% |
| 2021 | 38,537 million USD | -1.4% |
| 2022 | 40,926 million USD | +6.2% |
| 2023 | 41,996 million USD | +2.6% |
| 2024 | 43,564 million USD | +3.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 11,080 million USD | 9,628 million USD | 12,170 million USD | 10 |
| 1980s | 12,882 million USD | 11,874 million USD | 15,100 million USD | 10 |
| 1990s | 19,286 million USD | 15,288 million USD | 21,673 million USD | 10 |
| 2000s | 24,120 million USD | 21,399 million USD | 27,636 million USD | 10 |
| 2010s | 35,720 million USD | 29,868 million USD | 41,066 million USD | 10 |
| 2020s | 40,823 million USD | 38,537 million USD | 43,564 million USD | 5 |
Countries ranked near Melanesia
- 8 Italy 2.03 million million USD compare
- 9 Republic of Korea 1.91 million million USD compare
- 10 Canada 1.81 million million USD compare
- 11 Australia and New Zealand 1.74 million million USD compare
- 12 USSR 1.63 million million USD compare
- 13 Russian Federation 1.61 million million USD compare
- 14 Australia 1.52 million million USD compare
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 — value us$, 2015 prices in Melanesia?
- Gross domestic product — value us$, 2015 prices in Melanesia was 43,564 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$, 2015 prices recorded in Melanesia?
- The highest recorded value was 43,564 million USD in 2024.
- What is the lowest gross domestic product — value us$, 2015 prices recorded in Melanesia?
- The lowest recorded value was 9,628 million USD in 1970.
- How does Melanesia rank for gross domestic product — value us$, 2015 prices?
- Melanesia ranks 11th out of 20 groups with data for 2024.
- Is gross domestic product — value us$, 2015 prices rising or falling in Melanesia?
- Over the last ten years it is up 22.5%. 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 Gross Domestic Product — Value US$, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 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).