Gross Domestic Product — Value US$ in Melanesia
Melanesia: Gross Domestic Product — Value US$ was 51,880 million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$ in Melanesia, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Melanesia recorded 51,880 million USD for gross domestic product — value us$ in 2024. That is the highest value across all 55 years on record.
The figure is up 5.1% on the previous year and up 27.1% over ten years.
Over the whole period, gross domestic product — value us$ in Melanesia peaked at 51,880 million USD in 2024 and was at its lowest, 1,767 million USD, in 1970.
That places Melanesia 11th out of 20 regions 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$ in Melanesia, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 1,767 million USD | — |
| 1971 | 1,985 million USD | +12.4% |
| 1972 | 2,384 million USD | +20.1% |
| 1973 | 3,305 million USD | +38.6% |
| 1974 | 3,854 million USD | +16.6% |
| 1975 | 3,968 million USD | +3.0% |
| 1976 | 4,142 million USD | +4.4% |
| 1977 | 4,471 million USD | +7.9% |
| 1978 | 5,214 million USD | +16.6% |
| 1979 | 6,172 million USD | +18.4% |
| 1980 | 6,919 million USD | +12.1% |
| 1981 | 6,667 million USD | -3.7% |
| 1982 | 6,339 million USD | -4.9% |
| 1983 | 6,141 million USD | -3.1% |
| 1984 | 6,203 million USD | +1.0% |
| 1985 | 5,992 million USD | -3.4% |
| 1986 | 6,848 million USD | +14.3% |
| 1987 | 7,796 million USD | +13.8% |
| 1988 | 9,157 million USD | +17.5% |
| 1989 | 9,161 million USD | +0.0% |
| 1990 | 9,212 million USD | +0.6% |
| 1991 | 10,303 million USD | +11.8% |
| 1992 | 11,547 million USD | +12.1% |
| 1993 | 12,481 million USD | +8.1% |
| 1994 | 13,467 million USD | +7.9% |
| 1995 | 13,564 million USD | +0.7% |
| 1996 | 14,235 million USD | +4.9% |
| 1997 | 13,810 million USD | -3.0% |
| 1998 | 11,565 million USD | -16.3% |
| 1999 | 11,486 million USD | -0.7% |
| 2000 | 11,063 million USD | -3.7% |
| 2001 | 10,261 million USD | -7.2% |
| 2002 | 10,799 million USD | +5.2% |
| 2003 | 13,564 million USD | +25.6% |
| 2004 | 15,749 million USD | +16.1% |
| 2005 | 17,522 million USD | +11.3% |
| 2006 | 19,467 million USD | +11.1% |
| 2007 | 22,965 million USD | +18.0% |
| 2008 | 25,628 million USD | +11.6% |
| 2009 | 24,589 million USD | -4.1% |
| 2010 | 28,324 million USD | +15.2% |
| 2011 | 33,950 million USD | +19.9% |
| 2012 | 36,859 million USD | +8.6% |
| 2013 | 37,647 million USD | +2.1% |
| 2014 | 40,812 million USD | +8.4% |
| 2015 | 37,212 million USD | -8.8% |
| 2016 | 36,602 million USD | -1.6% |
| 2017 | 39,619 million USD | +8.2% |
| 2018 | 42,118 million USD | +6.3% |
| 2019 | 42,226 million USD | +0.3% |
| 2020 | 40,181 million USD | -4.8% |
| 2021 | 42,995 million USD | +7.0% |
| 2022 | 48,825 million USD | +13.6% |
| 2023 | 49,354 million USD | +1.1% |
| 2024 | 51,880 million USD | +5.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3,726 million USD | 1,767 million USD | 6,172 million USD | 10 |
| 1980s | 7,122 million USD | 5,992 million USD | 9,161 million USD | 10 |
| 1990s | 12,167 million USD | 9,212 million USD | 14,235 million USD | 10 |
| 2000s | 17,161 million USD | 10,261 million USD | 25,628 million USD | 10 |
| 2010s | 37,537 million USD | 28,324 million USD | 42,226 million USD | 10 |
| 2020s | 46,647 million USD | 40,181 million USD | 51,880 million USD | 5 |
Countries ranked near Melanesia
- 8 Canada 2.21 million million USD compare
- 9 Brazil 2.18 million million USD compare
- 10 Australia and New Zealand 2.09 million million USD compare
- 11 Russian Federation 2.09 million million USD compare
- 12 Republic of Korea 1.87 million million USD compare
- 13 Mexico 1.85 million million USD compare
- 14 Australia 1.84 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$, 2015 prices 43,564 million USD (2024)
- Gross Domestic Product — Value US$ per capita 4,008 USD (2024)
- Gross Domestic Product — Value US$ per capita, 2015 prices 3,365 USD (2024)
Frequently asked questions
- What is gross domestic product — value us$ in Melanesia?
- Gross domestic product — value us$ in Melanesia was 51,880 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$ recorded in Melanesia?
- The highest recorded value was 51,880 million USD in 2024.
- What is the lowest gross domestic product — value us$ recorded in Melanesia?
- The lowest recorded value was 1,767 million USD in 1970.
- How does Melanesia rank for gross domestic product — value us$?
- Melanesia ranks 11th out of 20 regions with data for 2024.
- Is gross domestic product — value us$ rising or falling in Melanesia?
- Over the last ten years it is up 27.1%. 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 — Value US$. Statizoid updates them automatically from the source API.
Download this data
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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).