Economy of Oceania - wikipedia Economy of Oceania This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. ( August 2009 ) Economy of Oceania Statistics Population estimated 38 million ( 2014 ) GDP PPP : US $ 1.67 trillion ( 2014 ) GDP per capita PPP : $ 22,647 During 2003 unless otherwise stated. Most numbers are from the UNDP from 2002, some numbers exclude certain countries for lack of information. All values, unless otherwise stated, are in US dollars. World economy Africa Americas Central America North America South America Asia East Asia Europe Oceania The skyline of the Sydney central business district in Australia. Sydney is the most populous city in Oceania and is one of Oceania 's only two Alpha world cities. The skyline of the Auckland central business district in New Zealand. Auckland is the fifth populous city in Oceania and most populous city in New Zealand. The downtown area of Port Moresby, the capital of Papua New Guinea. Port Moresby is the most populous Oceanian city outside of Australia and New Zealand. The economy of Oceania comprises more than 14 separate countries and their associated economies. On a total scale the region has approximately 34,700,201 inhabitants who are spread among 30,000 islands in the South Pacific bordered between Asia and the Americas. This region has a diverse mix of economies from the highly developed and globally competitive financial market of Australia to the much less developed economies that belong to many of its island neighbours. New Zealand is the only other developed country in the region, although the economy of Australia is by far the largest and most dominant economy in the region and one of the largest in the world. Contents 1 Regional variation 2 Trade blocs 3 Currency 4 Economic sectors 4.1 Service industry 4.2 Manufacturing 4.3 Tourism 4.4 Agriculture and fishing 4.5 International aid and charity 4.5. 1 Oceanian donor nations 4.5. 2 Oceanian recipient states 5 Global trade relations 6 See also 7 References Regional variation to be completed Oceania This section needs expansion. You can help by adding to it. ( June 2008 ) Trade blocs The smallest Pacific nations rely on trade with Australia, New Zealand and the United States for exporting goods and for accessing other products. Australia and New Zealand 's trading arrangements are known as Closer Economic Relations. Australia and New Zealand, along with other countries, are members of Asia - Pacific Economic Cooperation ( APEC ) and the East Asia Summit ( EAS ), which may become trade blocs in the future particularly EAS. This section needs expansion. You can help by adding to it. ( June 2008 ) Currency Below is a list of the currencies of Oceania, with exchange rates between each currency and both the Euro and US Dollars. Australian figures are accurate as of 19 April 2012. Country Currency worth in Euro worth in USD Central bank Australia Australian Dollar 0.7899 1.0376 Reserve Bank of Australia Federated States of Micronesia US Dollar 0.69483 Fiji Fiji Dollar 0.449888 0.647480 Reserve Bank of Fiji Cook Islands New Zealand Dollar 0.526538 0.777634 Reserve Bank of New Zealand French Polynesia Pacific Franc 0.008380 0.012065 Institut d'émission d'Outre - Mer Kiribati Australian Dollar 0.7899 1.0376 Reserve Bank of Australia Marshall Islands US Dollar 0.69483 Nauru Australian Dollar 0.63676 1.0376 Reserve Bank of Australia New Caledonia Pacific Franc 0.008380 0.012065 Institut d'émission d'Outre - Mer New Zealand New Zealand Dollar 0.526538 0.777634 Reserve Bank of New Zealand Niue New Zealand Dollar 0.526538 0.777634 Reserve Bank of New Zealand Palau US Dollar 0.69483 Papua New Guinea Kina 0.243569 0.350545 Bank of Papua New Guinea Samoa Tala 0.260241 0.374500 Central Bank of Samoa Solomon Islands Solomon Islands dollar 0.142410 0.0989611 Central Bank of Solomon Islands Tonga Pa'anga 0.354054 0.509500 National Reserve Bank of Tonga Tokelau New Zealand Dollar 0.526538 0.777634 Reserve Bank of New Zealand Tuvalu Australian Dollar 0.63676 1.0376 Vanuatu Vatu 0.00731479 0.0105263 Wallis and Futuna Pacific Franc 0.008380 0.012065 Institut d'émission d'Outre - Mer Table correct as of 28 February 2008, Australian figures correct as of 19 April 2012 Economic sectors Service industry 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. The majority of people living in Australia and to a lesser extent, New Zealand work in mining, electrical and manufacturing sectors also. Manufacturing The manufacturing of clothing is a major industry in some parts of the Pacific, especially Fiji, although this is decreasing. Australia boasts the largest amount of manufacturing in the region. Producing cars, electrical equipment, machinery and clothes. Tourism Tourism has become a large source of income for many in the Pacific ; tourists come from Australia, New Zealand, Japan, the United Kingdom and the United States. Fiji currently draws almost half a million tourists each year ; more than a quarter from Australia. This contributes $1 billion or more since 1995 to Fiji 's economy but the Government of Fiji islands underestimate these figures due to invisible economy inside tourism industry. Agriculture and fishing Agriculture and natural resources constitutes only 5 % to 10 % of Oceania 's total jobs, but contributes substantially to export performance. The most populous two nations, Australia and New Zealand, are also the most developed and have majority service industries. This dilutes the data from the less developed Pacific Island nations who have major agricultural economies. Most of the Pacific countries ( excluding Australia and New Zealand ) the primary industry is agriculture. Many nations are still quintessentially agricultural ; for example, 80 % of the population of Vanuatu and 70 % of the population of Fiji works in agriculture. The main produce from the pacific is copra or coconut, but timber, beef, palm oil, cocoa, sugar and ginger are also commonly grown across the tropics of the Pacific. Fishing provides a major industry for many of the smaller nations in the Pacific, although many fishing areas are exploited by other larger countries, namely Japan. Natural Resources, such as lead, zinc, nickel and gold, are mined in Australia and the Solomon Islands. Oceania 's largest export markets include Japan, China, the United States, India, South Korea and the European Union. International aid and charity Oceanian donor nations Oceania 's most populous nations, Australia and New Zealand, are both highly developed nations and are large international aid donors. These two wealthy nations share the region with less developed nations which still rely on foreign aid for development. In the 2007 / 08 financial year Australia provided $3.155 billion worth of official development assistance, of which $2.731 billion will be managed by AusAID. Every week, each Australian puts in around $2.40 to pay for Australia 's aid program, amounting to around 1 % of the Australian Federal Government expenditure compared to the 42 % spent on social security and welfare. Oceanian recipient States In the Solomon Islands 50 % of government spending is paid for by international donors ; namely Australia, New Zealand, the European Union, Japan and the Republic of China ( Taiwan ). Global trade relations This region consists of many trading relations because of the small amount of land and limited resources they have. Many have trading economies and are transitioning to a developed economy and infrastructure. See also Oceania List of Oceanian countries by GDP References ^ Jump up to : `` Internet Usage and Population in Oceania ''. Retrieved 2010 - 01 - 15. Economy of Oceania Sovereign states Australia Federated States of Micronesia Fiji Kiribati Marshall Islands Nauru New Zealand Palau Papua New Guinea Samoa Solomon Islands Tonga Tuvalu Vanuatu Associated states of New Zealand Cook Islands Niue Dependencies and other territories American Samoa Christmas Island Cocos ( Keeling ) Islands Easter Island French Polynesia Guam Hawaii New Caledonia Norfolk Island Northern Mariana Islands Pitcairn Islands Tokelau Wallis and Futuna Oceania articles History Chronology Colonisation exploration Slavery Military Geography Countries and territories Islands Regions Rivers Politics Heads of government Heads of state Pan-Oceanianism Politics parties Economy Countries by GDP ( nominal ) Countries by HDI Renewable energy Stock exchanges Society Languages Women Culture Art Cinema films film festivals Cuisine Literature Media radio stations TV stations Religion World Heritage Sites Sport Oceania National Olympic Committees Athletics Australian - rules football Basketball Football Hockey Rugby union Swimming Demographics Countries by population List of Oceanian countries by area By year 2006 2008 2009 2011 2012 2013 2014 2015 2016 2017 2018 Outline Portal Maps Retrieved from `` https://en.wikipedia.org/w/index.php?title=Economy_of_Oceania&oldid=833204642 '' Categories : Economy of Oceania Economies by continent Hidden categories : Articles needing additional references from August 2009 All articles needing additional references All articles with unsourced statements Articles with unsourced statements from July 2009 Articles with unsourced statements from July 2015 Articles to be expanded from June 2008 All articles to be expanded Articles using small message boxes Use dmy dates from January 2011 Talk Contents About Wikipedia Languages Français Türkçe Edit links This page was last edited on 30 March 2018, at 06 : 57. 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Question: the population of the oceania / pacific region is approximately
Answer: 34,700,201