Gross value added at basic prices (GVA) (constant 2015 US$), per unit in Pacific island small states
Pacific island small states: Gross value added at basic prices (GVA) (constant 2015 US$), per unit was 0.7392 constant 2015 US$ per US$ of GDP in 2024. ▼ Falling
Gross value added at basic prices (GVA) (constant 2015 US$), per unit in Pacific island small states, 1998–2024
Source: Statizoid (derived). Measured in constant 2015 US$ per US$ of GDP.
Analysis
Pacific island small states recorded 0.7392 constant 2015 US$ per US$ of GDP for gross value added at basic prices (gva) (constant 2015 us$), per unit in 2024. That is the lowest value across all 27 years on record.
The figure is down 5.0% on the previous year and down 8.7% over ten years.
Over the whole period, gross value added at basic prices (gva) (constant 2015 us$), per unit in Pacific island small states peaked at 1.64 constant 2015 US$ per US$ of GDP in 2001 and was at its lowest, 0.7392 constant 2015 US$ per US$ of GDP, in 2024.
That places Pacific island small states 25th out of 32 groups with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 27 years of available data.
Gross value added at basic prices (GVA) (constant 2015 US$), per unit in Pacific island small states, year by year
| Year | constant 2015 US$ per US$ of GDP | Change |
|---|---|---|
| 1998 | 1.51 constant 2015 US$ per US$ of GDP | — |
| 1999 | 1.45 constant 2015 US$ per US$ of GDP | -3.4% |
| 2000 | 1.59 constant 2015 US$ per US$ of GDP | +9.1% |
| 2001 | 1.64 constant 2015 US$ per US$ of GDP | +3.3% |
| 2002 | 1.59 constant 2015 US$ per US$ of GDP | -2.7% |
| 2003 | 1.35 constant 2015 US$ per US$ of GDP | -15.2% |
| 2004 | 1.22 constant 2015 US$ per US$ of GDP | -9.4% |
| 2005 | 1.12 constant 2015 US$ per US$ of GDP | -8.4% |
| 2006 | 1.1 constant 2015 US$ per US$ of GDP | -2.2% |
| 2007 | 0.998 constant 2015 US$ per US$ of GDP | -9.0% |
| 2008 | 0.9805 constant 2015 US$ per US$ of GDP | -1.8% |
| 2009 | 1.09 constant 2015 US$ per US$ of GDP | +11.1% |
| 2010 | 1.03 constant 2015 US$ per US$ of GDP | -5.7% |
| 2011 | 0.9191 constant 2015 US$ per US$ of GDP | -10.5% |
| 2012 | 0.887 constant 2015 US$ per US$ of GDP | -3.5% |
| 2013 | 0.8721 constant 2015 US$ per US$ of GDP | -1.7% |
| 2014 | 0.8093 constant 2015 US$ per US$ of GDP | -7.2% |
| 2015 | 0.855 constant 2015 US$ per US$ of GDP | +5.7% |
| 2016 | 0.838 constant 2015 US$ per US$ of GDP | -2.0% |
| 2017 | 0.803 constant 2015 US$ per US$ of GDP | -4.2% |
| 2018 | 0.7798 constant 2015 US$ per US$ of GDP | -2.9% |
| 2019 | 0.8066 constant 2015 US$ per US$ of GDP | +3.4% |
| 2020 | 0.8306 constant 2015 US$ per US$ of GDP | +3.0% |
| 2021 | 0.7973 constant 2015 US$ per US$ of GDP | -4.0% |
| 2022 | 0.7858 constant 2015 US$ per US$ of GDP | -1.4% |
| 2023 | 0.7782 constant 2015 US$ per US$ of GDP | -1.0% |
| 2024 | 0.7392 constant 2015 US$ per US$ of GDP | -5.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.48 constant 2015 US$ per US$ of GDP | 1.45 constant 2015 US$ per US$ of GDP | 1.51 constant 2015 US$ per US$ of GDP | 2 |
| 2000s | 1.27 constant 2015 US$ per US$ of GDP | 0.9805 constant 2015 US$ per US$ of GDP | 1.64 constant 2015 US$ per US$ of GDP | 10 |
| 2010s | 0.8597 constant 2015 US$ per US$ of GDP | 0.7798 constant 2015 US$ per US$ of GDP | 1.03 constant 2015 US$ per US$ of GDP | 10 |
| 2020s | 0.7862 constant 2015 US$ per US$ of GDP | 0.7392 constant 2015 US$ per US$ of GDP | 0.8306 constant 2015 US$ per US$ of GDP | 5 |
Countries ranked near Pacific island small states
- 22 Brunei Darussalam 0.9335 constant 2015 US$ per US$ of GDP compare
- 23 Isle of Man 0.9323 constant 2015 US$ per US$ of GDP compare
- 24 Malaysia 0.9289 constant 2015 US$ per US$ of GDP compare
- 25 Paraguay 0.9213 constant 2015 US$ per US$ of GDP compare
- 26 Angola 0.9153 constant 2015 US$ per US$ of GDP compare
- 27 Solomon Islands 0.9137 constant 2015 US$ per US$ of GDP compare
- 28 Rwanda 0.9083 constant 2015 US$ per US$ of GDP compare
More economy & growth data for Pacific island small states
- Services, value added 6.26 billion constant 2015 US$ (2024)
- Industry (including construction), value added 1.88 billion current US$ (2024)
- Industry (including construction), value added 1.49 billion constant 2015 US$ (2024)
- Industry (including construction), value added 7.2% (2024)
- Industry (including construction), value added 15.2% (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 3,347 constant 2015 US$ per person (2024)
- Services, value added 7.00 billion current US$ (2024)
- GDP (current US$), annual growth rate 5.49 % change on previous year (2025)
- GDP (constant 2015 US$), annual growth rate 3.32 % change on previous year (2025)
- GDP (current US$), per capita 4,720 current US$ per person (2025)
Frequently asked questions
- What is gross value added at basic prices (gva) (constant 2015 us$), per unit in Pacific island small states?
- Gross value added at basic prices (gva) (constant 2015 us$), per unit in Pacific island small states was 0.7392 constant 2015 US$ per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (constant 2015 us$), per unit recorded in Pacific island small states?
- The highest recorded value was 1.64 constant 2015 US$ per US$ of GDP in 2001.
- What is the lowest gross value added at basic prices (gva) (constant 2015 us$), per unit recorded in Pacific island small states?
- The lowest recorded value was 0.7392 constant 2015 US$ per US$ of GDP in 2024.
- How does Pacific island small states rank for gross value added at basic prices (gva) (constant 2015 us$), per unit?
- Pacific island small states ranks 25th out of 32 groups with data for 2024.
- Is gross value added at basic prices (gva) (constant 2015 us$), per unit rising or falling in Pacific island small states?
- Over the last ten years it is down 8.7%. The long-run trend across the full record is falling.
- Where does this Pacific island small states data come from?
- The figures come from Statizoid (derived), published as part of Gross value added at basic prices (GVA) (constant 2015 US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Gross value added at basic prices (GVA) (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross value added at basic prices (GVA) (constant 2015 US$) ÷ GDP (current US$)
Computed from
- Gross value added at basic prices (GVA) Country official statistics, National Statistical Organizations and/or Central Banks
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Gross value added at basic prices (GVA) (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.