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- Oceania has a diverse mix of economies1. The highly developed and globally competitive financial markets of Australia, French Polynesia, Hawaii, New Caledonia, and New Zealand rank high in quality of life and Human Development Index1. The much less developed economies of Kiribati, Papua New Guinea, Tuvalu, Vanuatu, and Western New Guinea are also part of Oceania1. The Oceanian economy, comprising 14 economies, in 2021 is projected around US$1.90 trillion in nominal terms2. Australia is the largest economy in Oceania, followed by New Zealand and Papua New Guinea3.Learn more:âś•This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.
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,...
en.wikipedia.org/wiki/OceaniaThe Oceanian economy, comprising 14 economies, in 2021 is projected around US$1.90 trillion in nominal terms, $293 billion more than 2020, calculated by taking figures from the IMF. The GDP of Oceania is equivalent to Canada's GDP, the 9th largest economy in the world.statisticstimes.com/economy/oceania-gdp.phpAustralia is the largest economy in Oceania, followed by New Zealand and Papua New Guinea. These three together hold a huge 99.5% share of the South American economy. Tuvalu is the smallest economy in Oceania. One economy of Oceania would have gdp above $1 trillion, and two would have an economy of above $100 billion.statisticstimes.com/economy/oceanian-countries-b… - People also ask
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