Oceania has a diverse mix of economies from the highly developed and globally competitive financial markets of Australia, French Polynesia, Hawaii, New Caledonia, and New Zealand, which rank high in quality of life and Human Development Index, to the much less developed economies of Kiribati, Papua New Guinea, Tuvalu, Vanuatu, and Western New Guinea, while also including medium-sized economies of Pacific islands such as Fiji,...

Oceania’s per capita gross domestic product (GDP), of just over I$ 38,500, was 2.6 times that of Asia, and its gross regional product (GRP), of I$ 1.6 trillion, was 2.4 percent of the GRP of Asia. 1 The economies of Oceania, comprising about 25 countries and protectorates, had average population of about 1.6 million and GDP of I$ 63 billion while for the 49 countries of Asia average population was 86 million and average GDP of...

Several territories are dollarized or use a currency with a fixed exchange rate . The overwhelming majority of people living in the Pacific islands work in the service industry which includes tourism, education and financial services. Oceania's largest export markets include Japan, China, the United States and South Korea.