According to the latest statistics released by the World Bank in 2024, among the countries in Oceania in 1974, Australia ranked first in terms of gross domestic product(GDP), with a total economic volume of $88.98 billion; New Zealand ranked second in terms of GDP, with a total economic volume of $13.94 billion; Papua New Guinea ranked third in terms of GDP, with a total economic volume of $1.47 billion; New Caledonia ranked fourth in terms of GDP, with a total economy of $0.64 billion; and Fiji, with a total economy of $0.56 billion, ranked fifth in GDP.
| Rank | Country | GDP |
|---|---|---|
| 1 | Australia | $88.98 billion |
| 2 | New Zealand | $13.94 billion |
| 3 | Papua New Guinea | $1.47 billion |
| 4 | New Caledonia | $0.64 billion |
| 5 | Fiji | $0.56 billion |
| 6 | French Polynesia | $0.56 billion |
| 7 | Kiribati | $0.09 billion |
| 8 | Salomonen | $0.09 billion |