Gross Domestic Product — Value US$, 2015 prices in Oceania
Oceania: Gross Domestic Product — Value US$, 2015 prices was 1.79 million million USD in 2024. ▲ Rising
Gross Domestic Product — Value US$, 2015 prices in Oceania, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for gross domestic product — value us$, 2015 prices in Oceania is 1.79 million million USD, measured in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 1.3% on the previous year and up 25.5% over ten years.
Over the whole period, gross domestic product — value us$, 2015 prices in Oceania peaked at 1.79 million million USD in 2024 and was at its lowest, 384,830 million USD, in 1970.
That places Oceania 18th out of 29 groups with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
Gross Domestic Product — Value US$, 2015 prices in Oceania, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 384,830 million USD | — |
| 1971 | 400,019 million USD | +3.9% |
| 1972 | 412,169 million USD | +3.0% |
| 1973 | 431,224 million USD | +4.6% |
| 1974 | 440,995 million USD | +2.3% |
| 1975 | 448,881 million USD | +1.8% |
| 1976 | 462,595 million USD | +3.1% |
| 1977 | 462,988 million USD | +0.1% |
| 1978 | 479,639 million USD | +3.6% |
| 1979 | 493,238 million USD | +2.8% |
| 1980 | 507,422 million USD | +2.9% |
| 1981 | 524,913 million USD | +3.4% |
| 1982 | 516,371 million USD | -1.6% |
| 1983 | 538,812 million USD | +4.3% |
| 1984 | 566,400 million USD | +5.1% |
| 1985 | 586,715 million USD | +3.6% |
| 1986 | 596,873 million USD | +1.7% |
| 1987 | 627,433 million USD | +5.1% |
| 1988 | 650,818 million USD | +3.7% |
| 1989 | 671,411 million USD | +3.2% |
| 1990 | 670,107 million USD | -0.2% |
| 1991 | 672,272 million USD | +0.3% |
| 1992 | 697,586 million USD | +3.8% |
| 1993 | 728,348 million USD | +4.4% |
| 1994 | 758,425 million USD | +4.1% |
| 1995 | 786,990 million USD | +3.8% |
| 1996 | 817,234 million USD | +3.8% |
| 1997 | 851,859 million USD | +4.2% |
| 1998 | 889,883 million USD | +4.5% |
| 1999 | 925,997 million USD | +4.1% |
| 2000 | 944,513 million USD | +2.0% |
| 2001 | 981,118 million USD | +3.9% |
| 2002 | 1.01 million million USD | +3.3% |
| 2003 | 1.06 million million USD | +4.3% |
| 2004 | 1.09 million million USD | +3.1% |
| 2005 | 1.12 million million USD | +2.8% |
| 2006 | 1.16 million million USD | +3.6% |
| 2007 | 1.20 million million USD | +3.6% |
| 2008 | 1.22 million million USD | +1.4% |
| 2009 | 1.25 million million USD | +2.2% |
| 2010 | 1.28 million million USD | +2.3% |
| 2011 | 1.32 million million USD | +3.7% |
| 2012 | 1.36 million million USD | +2.6% |
| 2013 | 1.39 million million USD | +2.5% |
| 2014 | 1.43 million million USD | +2.5% |
| 2015 | 1.47 million million USD | +3.0% |
| 2016 | 1.51 million million USD | +2.5% |
| 2017 | 1.55 million million USD | +3.1% |
| 2018 | 1.59 million million USD | +2.3% |
| 2019 | 1.59 million million USD | +0.3% |
| 2020 | 1.62 million million USD | +1.6% |
| 2021 | 1.69 million million USD | +4.1% |
| 2022 | 1.74 million million USD | +3.4% |
| 2023 | 1.77 million million USD | +1.4% |
| 2024 | 1.79 million million USD | +1.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 441,658 million USD | 384,830 million USD | 493,238 million USD | 10 |
| 1980s | 578,717 million USD | 507,422 million USD | 671,411 million USD | 10 |
| 1990s | 779,870 million USD | 670,107 million USD | 925,997 million USD | 10 |
| 2000s | 1.10 million million USD | 944,513 million USD | 1.25 million million USD | 10 |
| 2010s | 1.45 million million USD | 1.28 million million USD | 1.59 million million USD | 10 |
| 2020s | 1.72 million million USD | 1.62 million million USD | 1.79 million million USD | 5 |
Countries ranked near Oceania
- 15 Spain 1.42 million million USD compare
- 16 Mexico 1.35 million million USD compare
- 17 Indonesia 1.24 million million USD compare
- 18 Netherlands (Kingdom of the) 926,182 million USD compare
- 19 Switzerland 811,110 million USD compare
- 20 Saudi Arabia 790,147 million USD compare
- 21 Poland 656,687 million USD compare
More economy & growth data for Oceania
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 0.1357 % (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$, 2015 prices 4.38 % (2024)
- Gross Domestic Product — Value US$ per capita 47,045 USD (2024)
- Gross Domestic Product — Value US$ per capita, 2015 prices 39,068 USD (2024)
- Gross Domestic Product — Annual growth US$ 3.27 % (2024)
- Gross Domestic Product — Annual growth US$ per capita 2.09 % (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 1.3 % (2024)
- Gross Fixed Capital Formation — Value US$ 538,945 million USD (2024)
Frequently asked questions
- What is gross domestic product — value us$, 2015 prices in Oceania?
- Gross domestic product — value us$, 2015 prices in Oceania was 1.79 million million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$, 2015 prices recorded in Oceania?
- The highest recorded value was 1.79 million million USD in 2024.
- What is the lowest gross domestic product — value us$, 2015 prices recorded in Oceania?
- The lowest recorded value was 384,830 million USD in 1970.
- How does Oceania rank for gross domestic product — value us$, 2015 prices?
- Oceania ranks 18th out of 29 groups with data for 2024.
- Is gross domestic product — value us$, 2015 prices rising or falling in Oceania?
- Over the last ten years it is up 25.5%. The long-run trend across the full record is rising.
- Where does this Oceania 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).