Gross value added at factor cost (current LCU) - Country Ranking - Oceania
Definition: Gross value added at factor cost (formerly GDP at factor cost) is derived as the sum of the value added in the agriculture, industry and services sectors. If the value added of these sectors is calculated at purchaser values, gross value added at factor cost is derived by subtracting net product taxes from GDP. Data are in current local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also: Thematic map, Time series comparison
| Rank | Country | Value | Year |
|---|---|---|---|
| 1 | Australia | 1,857,040,000,000.00 | 2020 |
| 2 | New Caledonia | 902,000,000,000.00 | 2019 |
| 3 | New Zealand | 264,323,000,000.00 | 2017 |
| 4 | Vanuatu | 88,793,000,000.00 | 2018 |
| 5 | Papua New Guinea | 80,092,080,000.00 | 2019 |
| 6 | Fiji | 7,909,313,000.00 | 2020 |
| 7 | Solomon Islands | 3,414,800,000.00 | 2006 |
| 8 | Tonga | 944,400,000.00 | 2020 |
| 9 | Kiribati | 260,774,900.00 | 2019 |
| 10 | Palau | 229,600,000.00 | 2020 |
| 11 | Nauru | 109,008,600.00 | 2015 |
| 12 | Tuvalu | 36,012,100.00 | 2015 |
More rankings: Africa | Asia | Central America & the Caribbean | Europe | Middle East | North America | Oceania | South America | World |
Periodicity: Annual
