Gross value added at basic prices (GVA) in Pacific island small states
Pacific island small states: Gross value added at basic prices (GVA) was 10.84 billion current US$ in 2024. ◆ Volatile
Gross value added at basic prices (GVA) in Pacific island small states, 1975–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
Pacific island small states recorded 10.84 billion current US$ for gross value added at basic prices (gva) in 2024. That is the highest value across all 50 years on record.
The figure is up 7.9% on the previous year and up 35.1% over ten years.
Over the whole period, gross value added at basic prices (gva) in Pacific island small states peaked at 10.84 billion current US$ in 2024 and was at its lowest, 1.10 billion current US$, in 1975.
Pacific island small states ranks 38th of 38 groups on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) in Pacific island small states, year by year
| Year | current US$ | Change |
|---|---|---|
| 1975 | 1.10 billion current US$ | — |
| 1976 | 1.12 billion current US$ | +2.1% |
| 1977 | 1.18 billion current US$ | +5.0% |
| 1978 | 1.36 billion current US$ | +15.7% |
| 1979 | 1.68 billion current US$ | +23.7% |
| 1980 | 1.93 billion current US$ | +14.7% |
| 1981 | 1.97 billion current US$ | +1.7% |
| 1982 | 1.93 billion current US$ | -1.6% |
| 1983 | 1.83 billion current US$ | -5.3% |
| 1984 | 1.98 billion current US$ | +8.1% |
| 1985 | 1.92 billion current US$ | -3.2% |
| 1986 | 2.09 billion current US$ | +9.0% |
| 1987 | 2.02 billion current US$ | -3.1% |
| 1988 | 2.09 billion current US$ | +3.1% |
| 1989 | 2.17 billion current US$ | +4.1% |
| 1990 | 2.32 billion current US$ | +7.1% |
| 1991 | 2.48 billion current US$ | +6.6% |
| 1992 | 2.75 billion current US$ | +10.8% |
| 1993 | 2.85 billion current US$ | +3.8% |
| 1994 | 3.27 billion current US$ | +14.6% |
| 1995 | 3.54 billion current US$ | +8.2% |
| 1996 | 3.82 billion current US$ | +8.0% |
| 1997 | 3.74 billion current US$ | -2.0% |
| 1998 | 3.16 billion current US$ | -15.7% |
| 1999 | 3.48 billion current US$ | +10.2% |
| 2000 | 3.22 billion current US$ | -7.3% |
| 2001 | 3.16 billion current US$ | -2.0% |
| 2002 | 3.28 billion current US$ | +3.8% |
| 2003 | 3.77 billion current US$ | +15.2% |
| 2004 | 4.32 billion current US$ | +14.6% |
| 2005 | 4.80 billion current US$ | +11.0% |
| 2006 | 5.04 billion current US$ | +4.9% |
| 2007 | 5.54 billion current US$ | +10.1% |
| 2008 | 5.86 billion current US$ | +5.7% |
| 2009 | 5.30 billion current US$ | -9.5% |
| 2010 | 5.84 billion current US$ | +10.2% |
| 2011 | 6.88 billion current US$ | +17.9% |
| 2012 | 7.27 billion current US$ | +5.6% |
| 2013 | 7.62 billion current US$ | +4.8% |
| 2014 | 8.02 billion current US$ | +5.3% |
| 2015 | 7.87 billion current US$ | -2.0% |
| 2016 | 8.41 billion current US$ | +6.9% |
| 2017 | 8.99 billion current US$ | +7.0% |
| 2018 | 9.38 billion current US$ | +4.3% |
| 2019 | 9.51 billion current US$ | +1.4% |
| 2020 | 8.53 billion current US$ | -10.3% |
| 2021 | 8.65 billion current US$ | +1.4% |
| 2022 | 9.35 billion current US$ | +8.2% |
| 2023 | 10.04 billion current US$ | +7.4% |
| 2024 | 10.84 billion current US$ | +7.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.29 billion current US$ | 1.10 billion current US$ | 1.68 billion current US$ | 5 |
| 1980s | 1.99 billion current US$ | 1.83 billion current US$ | 2.17 billion current US$ | 10 |
| 1990s | 3.14 billion current US$ | 2.32 billion current US$ | 3.82 billion current US$ | 10 |
| 2000s | 4.43 billion current US$ | 3.16 billion current US$ | 5.86 billion current US$ | 10 |
| 2010s | 7.98 billion current US$ | 5.84 billion current US$ | 9.51 billion current US$ | 10 |
| 2020s | 9.48 billion current US$ | 8.53 billion current US$ | 10.84 billion current US$ | 5 |
Countries ranked near Pacific island small states
- 35 Colombia 412.64 billion current US$ compare
- 36 Denmark 410.13 billion current US$ compare
- 37 Hong Kong 398.80 billion current US$ compare
- 38 Romania 386.20 billion current US$ compare
- 39 South Africa 384.40 billion current US$ compare
- 40 Pakistan 382.92 billion current US$ compare
- 41 Czechia 357.62 billion current US$ compare
More economy & growth data for Pacific island small states
- Gross national expenditure (current US$), per capita 5,536 current US$ per person (2024)
- Gross domestic savings (current US$), per capita 43.82 current US$ per person (2024)
- Services, value added 56.8% (2024)
- Final consumption expenditure (current US$), annual growth rate 6.62 % change on previous year (2024)
- Final consumption expenditure (current US$), per unit of GDP 0.9903 current US$ per US$ of GDP (2024)
- Final consumption expenditure (current US$), per capita 4,485 current US$ per person (2024)
- Gross national expenditure (current US$), annual growth rate 7.37 % change on previous year (2024)
- Gross national expenditure (current US$), per unit of GDP 1.22 current US$ per US$ of GDP (2024)
- Gross fixed capital formation (current US$), per unit of GDP 0.2252 current US$ per US$ of GDP (2024)
- Gross fixed capital formation (current US$), annual growth rate 11.4 % change on previous year (2024)
Frequently asked questions
- What is gross value added at basic prices (gva) in Pacific island small states?
- Gross value added at basic prices (gva) in Pacific island small states was 10.84 billion current US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross value added at basic prices (gva) recorded in Pacific island small states?
- The highest recorded value was 10.84 billion current US$ in 2024.
- What is the lowest gross value added at basic prices (gva) recorded in Pacific island small states?
- The lowest recorded value was 1.10 billion current US$ in 1975.
- How does Pacific island small states rank for gross value added at basic prices (gva)?
- Pacific island small states ranks 38th out of 38 groups with data for 2024.
- Is gross value added at basic prices (gva) rising or falling in Pacific island small states?
- Over the last ten years it is up 35.1%. The long-run trend across the full record is volatile.
- Where does this Pacific island small states data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross value added at basic prices (GVA) (current US$). Statizoid updates them automatically from the source API.
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About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.