Gross Domestic Product — Value US$, annual growth rate in Melanesia
Melanesia: Gross Domestic Product — Value US$, annual growth rate was 5.12 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value US$, annual growth rate in Melanesia, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross domestic product — value us$, annual growth rate in Melanesia is 5.12 % change on previous year, measured in 2024.
That represents a change of up 372.2% on the previous year and down 39.1% over ten years.
Over the whole period, gross domestic product — value us$, annual growth rate in Melanesia peaked at 38.62 % change on previous year in 1973 and was at its lowest, -16.25 % change on previous year, in 1998.
That places Melanesia 127th out of 236 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$, annual growth rate in Melanesia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 12.36 % change on previous year | — |
| 1972 | 20.13 % change on previous year | +62.9% |
| 1973 | 38.62 % change on previous year | +91.9% |
| 1974 | 16.59 % change on previous year | -57.1% |
| 1975 | 2.97 % change on previous year | -82.1% |
| 1976 | 4.38 % change on previous year | +47.5% |
| 1977 | 7.95 % change on previous year | +81.6% |
| 1978 | 16.63 % change on previous year | +109.3% |
| 1979 | 18.36 % change on previous year | +10.4% |
| 1980 | 12.12 % change on previous year | -34.0% |
| 1981 | -3.65 % change on previous year | -130.1% |
| 1982 | -4.92 % change on previous year | +34.7% |
| 1983 | -3.13 % change on previous year | -36.4% |
| 1984 | 1.02 % change on previous year | -132.7% |
| 1985 | -3.41 % change on previous year | -434.4% |
| 1986 | 14.29 % change on previous year | -518.7% |
| 1987 | 13.85 % change on previous year | -3.1% |
| 1988 | 17.45 % change on previous year | +26.0% |
| 1989 | 0.0485 % change on previous year | -99.7% |
| 1990 | 0.5563 % change on previous year | +1047.2% |
| 1991 | 11.84 % change on previous year | +2029.0% |
| 1992 | 12.07 % change on previous year | +1.9% |
| 1993 | 8.09 % change on previous year | -32.9% |
| 1994 | 7.9 % change on previous year | -2.3% |
| 1995 | 0.7188 % change on previous year | -90.9% |
| 1996 | 4.94 % change on previous year | +587.8% |
| 1997 | -2.98 % change on previous year | -160.4% |
| 1998 | -16.25 % change on previous year | +444.6% |
| 1999 | -0.6822 % change on previous year | -95.8% |
| 2000 | -3.69 % change on previous year | +440.6% |
| 2001 | -7.24 % change on previous year | +96.4% |
| 2002 | 5.24 % change on previous year | -172.3% |
| 2003 | 25.61 % change on previous year | +389.2% |
| 2004 | 16.1 % change on previous year | -37.1% |
| 2005 | 11.26 % change on previous year | -30.1% |
| 2006 | 11.1 % change on previous year | -1.4% |
| 2007 | 17.97 % change on previous year | +61.9% |
| 2008 | 11.6 % change on previous year | -35.5% |
| 2009 | -4.05 % change on previous year | -135.0% |
| 2010 | 15.19 % change on previous year | -474.7% |
| 2011 | 19.86 % change on previous year | +30.8% |
| 2012 | 8.57 % change on previous year | -56.9% |
| 2013 | 2.14 % change on previous year | -75.1% |
| 2014 | 8.41 % change on previous year | +293.5% |
| 2015 | -8.82 % change on previous year | -204.9% |
| 2016 | -1.64 % change on previous year | -81.4% |
| 2017 | 8.25 % change on previous year | -602.9% |
| 2018 | 6.31 % change on previous year | -23.5% |
| 2019 | 0.2578 % change on previous year | -95.9% |
| 2020 | -4.84 % change on previous year | -1978.5% |
| 2021 | 7 % change on previous year | -244.6% |
| 2022 | 13.56 % change on previous year | +93.6% |
| 2023 | 1.08 % change on previous year | -92.0% |
| 2024 | 5.12 % change on previous year | +372.2% |
Biggest year-on-year movements
Years where Gross Domestic Product — Value US$, annual growth rate in Melanesia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1991 | +2029.0% | 0.5563 % change on previous year | 11.84 % change on previous year |
| 2020 | -1978.5% | 0.2578 % change on previous year | -4.84 % change on previous year |
| 1990 | +1047.2% | 0.0485 % change on previous year | 0.5563 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 15.33 % change on previous year | 2.97 % change on previous year | 38.62 % change on previous year | 9 |
| 1980s | 4.37 % change on previous year | -4.92 % change on previous year | 17.45 % change on previous year | 10 |
| 1990s | 2.62 % change on previous year | -16.25 % change on previous year | 12.07 % change on previous year | 10 |
| 2000s | 8.39 % change on previous year | -7.24 % change on previous year | 25.61 % change on previous year | 10 |
| 2010s | 5.85 % change on previous year | -8.82 % change on previous year | 19.86 % change on previous year | 10 |
| 2020s | 4.38 % change on previous year | -4.84 % change on previous year | 13.56 % change on previous year | 5 |
Countries ranked near Melanesia
- 124 Yemen Dem 5.21 % change on previous year compare
- 125 South Africa 5.14 % change on previous year compare
- 126 Senegal 5.12 % change on previous year compare
- 128 Grenada 5.09 % change on previous year compare
- 129 Nepal 5.09 % change on previous year compare
- 130 Papua New Guinea 4.92 % change on previous year compare
More economy & growth data for Melanesia
- Gross Fixed Capital Formation — Value US$ 7,131 million USD (2024)
- Gross Domestic Product — Value US$ 51,880 million USD (2024)
- Gross Domestic Product — Value US$ per capita 4,008 USD (2024)
- Gross Domestic Product — Value US$ per capita, 2015 prices 3,365 USD (2024)
- Gross Domestic Product — Value US$, 2015 prices 43,564 million USD (2024)
- Gross Domestic Product — Annual growth US$ 5.12 % (2024)
- Gross Domestic Product — Annual growth US$ per capita 3.32 % (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 3.74 % (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 1.97 % (2024)
- Gross Domestic Product — Value US$, 2015 prices, annual growth rate 3.74 % change on previous year (2024)
Frequently asked questions
- What is gross domestic product — value us$, annual growth rate in Melanesia?
- Gross domestic product — value us$, annual growth rate in Melanesia was 5.12 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value us$, annual growth rate recorded in Melanesia?
- The highest recorded value was 38.62 % change on previous year in 1973.
- What is the lowest gross domestic product — value us$, annual growth rate recorded in Melanesia?
- The lowest recorded value was -16.25 % change on previous year in 1998.
- How does Melanesia rank for gross domestic product — value us$, annual growth rate?
- Melanesia ranks 127th out of 236 countries with data for 2024.
- Is gross domestic product — value us$, annual growth rate rising or falling in Melanesia?
- Over the last ten years it is down 39.1%. The long-run trend across the full record is volatile.
- Where does this Melanesia data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product — Value US$, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross Domestic Product — Value US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value US$ Food and Agriculture Organization of the United Nations
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross Domestic Product — Value US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.