Gross National Income — Value US$ in Melanesia
Melanesia: Gross National Income — Value US$ was 47,423 million USD in 2023. ◆ Volatile
Gross National Income — Value US$ in Melanesia, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2023, gross national income — value us$ in Melanesia stood at 47,423 million USD. That is the highest value across all 54 years on record.
Compared with earlier readings it is up 1.0% on the previous year and up 32.2% over ten years.
Over the whole period, gross national income — value us$ in Melanesia peaked at 47,423 million USD in 2023 and was at its lowest, 1,623 million USD, in 1970.
Melanesia ranks 11th of 20 regions 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.
Gross National Income — Value US$ in Melanesia, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 1,623 million USD | — |
| 1971 | 1,787 million USD | +10.2% |
| 1972 | 2,146 million USD | +20.1% |
| 1973 | 2,938 million USD | +36.9% |
| 1974 | 3,436 million USD | +16.9% |
| 1975 | 3,603 million USD | +4.9% |
| 1976 | 3,794 million USD | +5.3% |
| 1977 | 4,078 million USD | +7.5% |
| 1978 | 4,772 million USD | +17.0% |
| 1979 | 5,597 million USD | +17.3% |
| 1980 | 6,248 million USD | +11.6% |
| 1981 | 6,011 million USD | -3.8% |
| 1982 | 5,673 million USD | -5.6% |
| 1983 | 5,434 million USD | -4.2% |
| 1984 | 5,587 million USD | +2.8% |
| 1985 | 5,397 million USD | -3.4% |
| 1986 | 6,232 million USD | +15.5% |
| 1987 | 6,979 million USD | +12.0% |
| 1988 | 8,274 million USD | +18.5% |
| 1989 | 8,308 million USD | +0.4% |
| 1990 | 8,436 million USD | +1.5% |
| 1991 | 9,409 million USD | +11.5% |
| 1992 | 10,558 million USD | +12.2% |
| 1993 | 11,569 million USD | +9.6% |
| 1994 | 13,638 million USD | +17.9% |
| 1995 | 13,602 million USD | -0.3% |
| 1996 | 14,200 million USD | +4.4% |
| 1997 | 13,773 million USD | -3.0% |
| 1998 | 11,509 million USD | -16.4% |
| 1999 | 11,438 million USD | -0.6% |
| 2000 | 11,131 million USD | -2.7% |
| 2001 | 10,303 million USD | -7.4% |
| 2002 | 10,866 million USD | +5.5% |
| 2003 | 13,655 million USD | +25.7% |
| 2004 | 15,372 million USD | +12.6% |
| 2005 | 16,982 million USD | +10.5% |
| 2006 | 18,499 million USD | +8.9% |
| 2007 | 22,090 million USD | +19.4% |
| 2008 | 24,854 million USD | +12.5% |
| 2009 | 23,660 million USD | -4.8% |
| 2010 | 27,123 million USD | +14.6% |
| 2011 | 32,050 million USD | +18.2% |
| 2012 | 35,565 million USD | +11.0% |
| 2013 | 35,871 million USD | +0.9% |
| 2014 | 40,198 million USD | +12.1% |
| 2015 | 35,469 million USD | -11.8% |
| 2016 | 35,379 million USD | -0.3% |
| 2017 | 38,108 million USD | +7.7% |
| 2018 | 40,452 million USD | +6.2% |
| 2019 | 40,174 million USD | -0.7% |
| 2020 | 39,313 million USD | -2.1% |
| 2021 | 41,758 million USD | +6.2% |
| 2022 | 46,936 million USD | +12.4% |
| 2023 | 47,423 million USD | +1.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3,377 million USD | 1,623 million USD | 5,597 million USD | 10 |
| 1980s | 6,414 million USD | 5,397 million USD | 8,308 million USD | 10 |
| 1990s | 11,813 million USD | 8,436 million USD | 14,200 million USD | 10 |
| 2000s | 16,741 million USD | 10,303 million USD | 24,854 million USD | 10 |
| 2010s | 36,039 million USD | 27,123 million USD | 40,452 million USD | 10 |
| 2020s | 43,857 million USD | 39,313 million USD | 47,423 million USD | 4 |
Countries ranked near Melanesia
- 8 Brazil 2.12 million million USD compare
- 9 Canada 2.11 million million USD compare
- 10 Australia and New Zealand 1.96 million million USD compare
- 11 Russian Federation 1.96 million million USD compare
- 12 Republic of Korea 1.87 million million USD compare
- 13 Mexico 1.75 million million USD compare
- 14 Australia 1.72 million million USD compare
More economy & growth data for Melanesia
- Gross Domestic Product — Annual growth US$ per capita 3.32 % (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 — Annual growth US$, 2015 prices 3.74 % (2024)
- Gross Domestic Product — Value US$ per capita, 2015 prices 3,365 USD (2024)
- Gross Domestic Product — Value US$ 51,880 million USD (2024)
- Gross Domestic Product — Value US$ per capita 4,008 USD (2024)
Frequently asked questions
- What is gross national income — value us$ in Melanesia?
- Gross national income — value us$ in Melanesia was 47,423 million USD in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross national income — value us$ recorded in Melanesia?
- The highest recorded value was 47,423 million USD in 2023.
- What is the lowest gross national income — value us$ recorded in Melanesia?
- The lowest recorded value was 1,623 million USD in 1970.
- How does Melanesia rank for gross national income — value us$?
- Melanesia ranks 11th out of 20 regions with data for 2023.
- Is gross national income — value us$ rising or falling in Melanesia?
- Over the last ten years it is up 32.2%. 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 National Income — 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).