Oceania
Open, commodity-linked economies tied to Asian demand. Together these economies produced $2.1T in 2025 โ 2% of everything tracked here.
Oceania at a glance
Colors are binned within this continent.
Ranking
Largest economies
GDP, 2025, current US$
- 1๐ฆ๐บAustralia$1.8T
- 2๐ณ๐ฟNew Zealand$260B
Inflation
Latest consumer-price inflation, y/y
- 1๐ณ๐ฟNew Zealand4.1%
- 2๐ฆ๐บAustralia3.9%
Real GDP growth, largest four
Annual %, 2010โ2031. Shaded years are IMF projections.
- Australia
- New Zealand
Output mix
GDP by economy, 2025
- Oceania
Policy rates since 2019
Month-end, %. The four largest central banks on this continent.
- Australia
- New Zealand
Rate decisions, last 24 months
Each cell is one month. Blue = cut, red = hike, gray = hold.
- Large cut
- Cut
- Small cut
- Hold
- Small hike
- Hike
- Large hike
Monetary transmission across Oceania
Pick a central bank to see how its current stance travels through the economy.
- Tightening impulse
Reserve Bank of Australia is tightening (policy rate 4.60%). Higher rates work through borrowing costs, asset prices, the currency and expectations to cool demand, and with it inflation. Hover a step to see how each channel works.
Growth versus inflation
Oceania highlighted against every tracked economy. Bubble size is GDP.
- Oceania
- Others
IMF WEO ยท BIS ยท per-capita GDP for the continent: $63.5K