According to the latest statistics released by the World Bank in 2024, among the countries in Oceania in 2021, Australia ranked first in terms of gross domestic product(GDP), with a total economic volume of $1542.66 billion; New Zealand ranked second in terms of GDP, with a total economic volume of $249.99 billion; Papua New Guinea ranked third in terms of GDP, with a total economic volume of $26.59 billion; Fiji ranked fourth in terms of GDP, with a total economy of $4.59 billion; and Salomonen, with a total economy of $1.65 billion, ranked fifth in GDP.
| Rank | Country | GDP |
|---|---|---|
| 1 | Australia | $1542.66 billion |
| 2 | New Zealand | $249.99 billion |
| 3 | Papua New Guinea | $26.59 billion |
| 4 | Fiji | $4.59 billion |
| 5 | Salomonen | $1.65 billion |
| 6 | Vanuatu | $0.98 billion |
| 7 | Samoa | $0.79 billion |
| 8 | Micronesia | $0.4 billion |
| 9 | Marshall Islands | $0.25 billion |
| 10 | Nauru | $0.13 billion |
| 11 | Tuvalu | $0.06 billion |