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According to the latest statistics released by the World Bank in 2024, among the countries in Oceania in 1994, Australia ranked first in terms of gross domestic product(GDP), with a total economic volume of $322.81 billion; New Zealand ranked second in terms of GDP, with a total economic volume of $55.32 billion; Papua New Guinea ranked third in terms of GDP, with a total economic volume of $5.5 billion; French Polynesia ranked fourth in terms of GDP, with a total economy of $3.52 billion; and New Caledonia, with a total economy of $3.04 billion, ranked fifth in GDP.