Gross Domestic Product — Value US$ in Melanesia

Melanesia: Gross Domestic Product — Value US$ was 51,880 million USD in 2024. ◆ Volatile

Latest (2024)
51,880 million USD
Change on year
up 5.1%
Rank
11th
of 20 regions
All-time high
51,880 million USD
in 2024
All-time low
1,767 million USD
in 1970
Years of data
55
1970–2024

Gross Domestic Product — Value US$ in Melanesia, 1970–2024

020.0k40.0k60.0k197019972024

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

Annual values for Gross Domestic Product — Value US$ in Melanesia, 1970 to 2024.
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

DecadeAverage LowestHighest 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

  1. 8 Canada 2.21 million million USD compare
  2. 9 Brazil 2.18 million million USD compare
  3. 10 Australia and New Zealand 2.09 million million USD compare
  4. 11 Russian Federation 2.09 million million USD compare
  5. 12 Republic of Korea 1.87 million million USD compare
  6. 13 Mexico 1.85 million million USD compare
  7. 14 Australia 1.84 million million USD compare

See the full ranking of 252 places →

More economy & growth data for Melanesia

All data for Melanesia →

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.

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Gross Domestic Product — Value US$ in Melanesia. Statizoid, drawing on Food and Agriculture Organization of the United Nations. Retrieved 24 August 2026, from https://economy.statizoid.com/stat/gross-domestic-product-value-us/melanesia/

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About this data

Indicator
Gross Domestic Product — Value US$
Unit
million USD
Source
Food and Agriculture Organization of the United Nations
Licence
CC BY-NC-SA 3.0 IGO (FAO)
Coverage
252 places, 12,899 data points, 1970–2024
Last refreshed

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).