Pacific island small states's gross Value Added (GVA) at basic prices (constant 2015 US$) was US$9.11 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 19.86% from US$7.6 billion in 2014 (1.83% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$9.11 billion | 2024 |
| Five years earlier | US$8.67 billion | 2019 |
| Ten years earlier | US$7.6 billion | 2014 |
| Highest | US$9.11 billion | 2024 |
| Lowest | US$5.16 billion | 1998 |
| Average since 2015 | US$8.31 billion | 2015–2024 |
| First recorded | US$5.16 billion |
What the numbers say
In 2024, Pacific island small states' gross Value Added (GVA) at basic prices (constant 2015 US$) rose 3.7% on 2023 (from US$8.79 billion to US$9.11 billion).
Across the 25 yearly changes before that (1999 to 2023), the average change was +2.2% and a typical year strayed about 3.3% from that (the standard deviation). This year's change was 0.4 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 7.8% in 2022 and the biggest yearly fall was 9.7% in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 there is no clear straight-line trend: a straight line explains 22% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
See how every economy compares in the full ranking.
| Value | Year | |
|---|---|---|
| Pacific island small states | US$9.11 billion | 2024 |
| World | US$84.85 trillion | 2024 |
What this measures
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.
Regional and income-group figures are computed by the World Bank as a gap-filled total.
All 27 values
| Year | Gross Value Added (GVA) at basic prices (constant 2015 US$) |
|---|---|
| 2024 | 9,113,306,230 |
| 2023 | 8,788,985,101 |
| 2022 | 8,226,983,368 |
| 2021 | 7,634,456,615 |
| 2020 | 7,831,293,999 |
| 2019 | 8,671,272,451 |
| 2018 | 8,514,314,290 |
| 2017 | 8,358,010,444 |
| 2016 | 8,096,032,922 |
| 2015 | 7,866,055,944 |
Gross Value Added (GVA) at basic prices (constant 2015 US$) in nearby economies
- Afghanistan — US$15.16 billion (2024)
- Algeria — US$220.37 billion (2025)
- Bahrain — US$40.59 billion (2025)
- Djibouti — US$3.86 billion (2025)
- Egypt, Arab Rep. — US$480.35 billion (2025)
- Iran, Islamic Rep. — US$502.83 billion (2025)
- Iraq — US$188.32 billion (2025)
- Israel — US$374.02 billion (2024)
- Jordan — US$47.88 billion (2025)
More economic policy & debt data for Pacific island small states
- Manufacturing, value added (current US$) — US$899.35 million (2025)
- Manufacturing, value added (constant 2015 US$) — US$776.47 million (2025)
- Manufacturing, value added (annual % growth) — 1.32% (2025)
- Foreign direct investment, net inflows (BoP, current US$) — US$447.78 million (2025)
- Foreign direct investment, net inflows (% of GDP) — 3.58% (2025)
- Manufacturing, value added (% of GDP) — 6.92% (2025)
- GDP (current US$) — US$13.01 billion (2025)
- GDP (constant 2015 US$) — US$11.21 billion (2025)
- GDP per capita (current US$)
Reading data like this
Questions people ask
- What is Pacific island small states's gross Value Added (GVA) at basic prices (constant 2015 US$)?
- US$9.11 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1998?
- It is up 76.51% from US$5.16 billion in 1998 (2.21% a year on average, compounded). The highest value was US$9.11 billion in 2024 and the lowest US$5.16 billion in 1998.
- Is the latest change in gross Value Added (GVA) at basic prices (constant 2015 US$) unusual for Pacific island small states?
- In 2024, Pacific island small states' gross Value Added (GVA) at basic prices (constant 2015 US$) rose 3.7% on 2023 (from US$8.79 billion to US$9.11 billion). Across the 25 yearly changes before that (1999 to 2023), the average change was +2.2% and a typical year strayed about 3.3% from that (the standard deviation). This year's change was 0.4 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NY.GDP.FCST.KD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
Legal entity
Devansh Yadav
Moradabad, Uttar Pradesh
Governing law: Courts at Moradabad, Uttar Pradesh
Phone: +91 8433475698
Legal: legal@analyzeit.in