Gross value added at basic prices (GVA) (current US$), annual growth in Pacific island small states
Pacific island small states: Gross value added at basic prices (GVA) (current US$), annual growth was 7.94 % change on previous year in 2024. ◆ Volatile
Gross value added at basic prices (GVA) (current US$), annual growth in Pacific island small states, 1976–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Pacific island small states recorded 7.94 % change on previous year for gross value added at basic prices (gva) (current us$), annual growth in 2024.
Compared with earlier readings it is up 7.3% on the previous year and up 51.1% over ten years.
Over the whole period, gross value added at basic prices (gva) (current us$), annual growth in Pacific island small states peaked at 23.7 % change on previous year in 1979 and was at its lowest, -15.7 % change on previous year, in 1998.
Pacific island small states ranks 24th of 38 groups on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) (current US$), annual growth in Pacific island small states, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1976 | 2.12 % change on previous year | — |
| 1977 | 5.03 % change on previous year | +136.9% |
| 1978 | 15.69 % change on previous year | +212.2% |
| 1979 | 23.7 % change on previous year | +51.0% |
| 1980 | 14.72 % change on previous year | -37.9% |
| 1981 | 1.75 % change on previous year | -88.1% |
| 1982 | -1.63 % change on previous year | -193.4% |
| 1983 | -5.35 % change on previous year | +227.5% |
| 1984 | 8.14 % change on previous year | -252.2% |
| 1985 | -3.21 % change on previous year | -139.5% |
| 1986 | 8.97 % change on previous year | -379.1% |
| 1987 | -3.1 % change on previous year | -134.6% |
| 1988 | 3.07 % change on previous year | -199.0% |
| 1989 | 4.09 % change on previous year | +33.3% |
| 1990 | 7.09 % change on previous year | +73.1% |
| 1991 | 6.61 % change on previous year | -6.7% |
| 1992 | 10.82 % change on previous year | +63.7% |
| 1993 | 3.83 % change on previous year | -64.6% |
| 1994 | 14.57 % change on previous year | +280.3% |
| 1995 | 8.22 % change on previous year | -43.6% |
| 1996 | 7.95 % change on previous year | -3.2% |
| 1997 | -1.95 % change on previous year | -124.5% |
| 1998 | -15.7 % change on previous year | +704.1% |
| 1999 | 10.21 % change on previous year | -165.0% |
| 2000 | -7.33 % change on previous year | -171.8% |
| 2001 | -2.02 % change on previous year | -72.4% |
| 2002 | 3.79 % change on previous year | -287.2% |
| 2003 | 15.17 % change on previous year | +300.5% |
| 2004 | 14.59 % change on previous year | -3.8% |
| 2005 | 10.95 % change on previous year | -24.9% |
| 2006 | 4.93 % change on previous year | -55.0% |
| 2007 | 10.06 % change on previous year | +104.0% |
| 2008 | 5.67 % change on previous year | -43.7% |
| 2009 | -9.54 % change on previous year | -268.4% |
| 2010 | 10.22 % change on previous year | -207.2% |
| 2011 | 17.92 % change on previous year | +75.3% |
| 2012 | 5.64 % change on previous year | -68.5% |
| 2013 | 4.81 % change on previous year | -14.7% |
| 2014 | 5.26 % change on previous year | +9.3% |
| 2015 | -1.96 % change on previous year | -137.3% |
| 2016 | 6.87 % change on previous year | -450.6% |
| 2017 | 6.98 % change on previous year | +1.6% |
| 2018 | 4.31 % change on previous year | -38.3% |
| 2019 | 1.42 % change on previous year | -67.1% |
| 2020 | -10.35 % change on previous year | -831.4% |
| 2021 | 1.38 % change on previous year | -113.3% |
| 2022 | 8.16 % change on previous year | +491.3% |
| 2023 | 7.4 % change on previous year | -9.4% |
| 2024 | 7.94 % change on previous year | +7.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 11.63 % change on previous year | 2.12 % change on previous year | 23.7 % change on previous year | 4 |
| 1980s | 2.74 % change on previous year | -5.35 % change on previous year | 14.72 % change on previous year | 10 |
| 1990s | 5.17 % change on previous year | -15.7 % change on previous year | 14.57 % change on previous year | 10 |
| 2000s | 4.63 % change on previous year | -9.54 % change on previous year | 15.17 % change on previous year | 10 |
| 2010s | 6.15 % change on previous year | -1.96 % change on previous year | 17.92 % change on previous year | 10 |
| 2020s | 2.91 % change on previous year | -10.35 % change on previous year | 8.16 % change on previous year | 5 |
Countries ranked near Pacific island small states
- 21 Angola 17.45 % change on previous year compare
- 22 Turkey 17.27 % change on previous year compare
- 23 Russia 16.65 % change on previous year compare
- 24 Zambia 15.58 % change on previous year compare
- 25 Nigeria 15.1 % change on previous year compare
- 26 Bulgaria 15.05 % change on previous year compare
- 27 Uganda 14.81 % change on previous year compare
More economy & growth data for Pacific island small states
- Imports of goods and services 64.7% (2024)
- Gross fixed capital formation 22.5% (2024)
- Gross capital formation 2.86 billion current US$ (2024)
- Gross capital formation 23.2% (2024)
- Imports of goods and services 7.97 billion current US$ (2024)
- Trade 107.3% (2024)
- Agriculture, forestry, and fishing, value added 1.47 billion constant 2015 US$ (2024)
- GDP per capita growth 2.1% (2025)
- Gross fixed capital formation 2.78 billion current US$ (2024)
- External balance on goods and services -23.2% (2024)
Frequently asked questions
- What is gross value added at basic prices (gva) (current us$), annual growth in Pacific island small states?
- Gross value added at basic prices (gva) (current us$), annual growth in Pacific island small states was 7.94 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (current us$), annual growth recorded in Pacific island small states?
- The highest recorded value was 23.7 % change on previous year in 1979.
- What is the lowest gross value added at basic prices (gva) (current us$), annual growth recorded in Pacific island small states?
- The lowest recorded value was -15.7 % change on previous year in 1998.
- How does Pacific island small states rank for gross value added at basic prices (gva) (current us$), annual growth?
- Pacific island small states ranks 24th out of 38 groups with data for 2024.
- Is gross value added at basic prices (gva) (current us$), annual growth rising or falling in Pacific island small states?
- Over the last ten years it is up 51.1%. The long-run trend across the full record is volatile.
- 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) (current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
The year-on-year percentage change in Gross value added at basic prices (GVA) (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross value added at basic prices (GVA) Country official statistics, National Statistical Offices (NSOs)
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
The year-on-year percentage change in Gross value added at basic prices (GVA) (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.