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According to the latest statistics released by the World Bank in 2024, among the countries in Oceania in 1988, Australia ranked first in terms of gross domestic product(GDP), with a total economic volume of $236.07 billion; New Zealand ranked second in terms of GDP, with a total economic volume of $45.18 billion; Papua New Guinea ranked third in terms of GDP, with a total economic volume of $3.66 billion; French Polynesia ranked fourth in terms of GDP, with a total economy of $2.69 billion; and New Caledonia, with a total economy of $2.07 billion, ranked fifth in GDP.