According to the latest statistics released by the World Bank in 2025, among the countries in Oceania in 1970, Australia ranked first in terms of gross domestic product(GDP), with a total economic volume of $41.34 billion; New Zealand ranked second in terms of GDP, with a total economic volume of $6.62 billion; Papua New Guinea ranked third in terms of GDP, with a total economic volume of $0.65 billion; New Caledonia ranked fourth in terms of GDP, with a total economy of $0.36 billion; and French Polynesia, with a total economy of $0.25 billion, ranked fifth in GDP.
| Rank | Country | GDP |
|---|---|---|
| 1 | Australia | $41.34 billion |
| 2 | New Zealand | $6.62 billion |
| 3 | Papua New Guinea | $0.65 billion |
| 4 | New Caledonia | $0.36 billion |
| 5 | French Polynesia | $0.25 billion |
| 6 | Fiji | $0.22 billion |
| 7 | Kiribati | $0.01 billion |