Gross Domestic Product — Value US$ in Oceania
Oceania: Gross Domestic Product — Value US$ was 2.16 million million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$ in Oceania, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2024, gross domestic product — value us$ in Oceania stood at 2.16 million million USD. That is the highest value across all 55 years on record.
That represents a change of up 3.3% on the previous year and up 25.7% over ten years.
Over the whole period, gross domestic product — value us$ in Oceania peaked at 2.16 million million USD in 2024 and was at its lowest, 54,018 million USD, in 1970.
Oceania ranks 19th of 29 groups on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 115,304 million USD | 54,018 million USD | 179,388 million USD | 10 |
| 1980s | 257,884 million USD | 205,745 million USD | 377,491 million USD | 10 |
| 1990s | 446,472 million USD | 380,128 million USD | 525,662 million USD | 10 |
| 2000s | 834,120 million USD | 460,446 million USD | 1.23 million million USD | 10 |
| 2010s | 1.66 million million USD | 1.47 million million USD | 1.81 million million USD | 10 |
| 2020s | 2.02 million million USD | 1.70 million million USD | 2.16 million million USD | 5 |
Countries ranked near Oceania
- 16 Indonesia 1.40 million million USD compare
- 17 Netherlands (Kingdom of the) 1.23 million million USD compare
- 18 Saudi Arabia 1.08 million million USD compare
- 19 Switzerland 936,564 million USD compare
- 20 Poland 911,037 million USD compare
- 21 USSR 790,484 million USD compare
- 22 Belgium 664,696 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$ per capita 47,045 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, 2015 prices 39,068 USD (2024)
- Gross Domestic Product — Value US$, 2015 prices 1.79 million million USD (2024)
- Gross Domestic Product — Annual growth US$ 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$ in Oceania?
- Gross domestic product — value us$ in Oceania was 2.16 million 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 Oceania?
- The highest recorded value was 2.16 million million USD in 2024.
- What is the lowest gross domestic product — value us$ recorded in Oceania?
- The lowest recorded value was 54,018 million USD in 1970.
- How does Oceania rank for gross domestic product — value us$?
- Oceania ranks 19th out of 29 groups with data for 2024.
- Is gross domestic product — value us$ rising or falling in Oceania?
- Over the last ten years it is up 25.7%. The long-run trend across the full record is volatile.
- 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$. 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).