What is the total GDP of the Pacific Islands?

PIF – Pacific Islands Forum

Countries Population GDP per capita
Tonga [+] 100,000 $4,934
Tuvalu [+] 11,792 $4,147
Vanuatu [+] 302,000 $2,919
~TOTAL: PIF 42,262,190 $45,317

What is the economy of the Pacific Islands?

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.

Which was the first big country in the Pacific Islands to gain independence?

Western Samoa (present-day Samoa) becomes the first Pacific Island Country to achieve independence….The Cold War Era.

1946 The United States begins testing nuclear bombs on Bikini Atoll.
1947 Micronesia becomes a U.N. trust territory under U.S. administration.

What are main sources of income on the Pacific Islands?

Pacific Islands resources The Pacific region’s rich natural resources support its major economic enterprises in agriculture, fishing, timber and trade. Tourism, a growing sector, also depends on the ecological endowment of the region. In the agricultural field, cash crop production and subsistence cultivation coexist.

Which Pacific island is the richest?

Nauru
Nauru is technically the richest country in the world, body for body and acre for acre, because the Government’s annual income from the sale of phosphate is at least $123 million, or more than $27,000 a year for every Nauruan man, woman and child.

Which is the richest country in Pacific?

Australia
Pacific

Rank Country 2016 GDP (PPP) billions of USD
1 Australia $1,189
2 New Zealand $174.8
3 Papua New Guinea $28.0
4 Fiji $8.38

Is Oceania poor?

POVERTY IN OCEANIA. With data compiled from 2018 has shown that 3 million people or 13.2% of Australia’s population is in poverty. The poverty line is defined by people living on less than 50% of the median income. This included 739,000 children who make up 17.3% of the people in poverty in Australia.

Is Oceania a low income country?

This article looks at countries with the lowest per capita GDPs in Oceania, using numbers from the International Monetary Fund….Country GDP in Oceania.

Rank Country Per Capita Income (USD)
1 Kiribati 1,640.61
2 Solomon Islands 2,270.81
3 Papua New Guinea 2,530.23
4 Vanuatu 3,254.05

Which Pacific island country was not colonized by a foreign power?

Almost the whole of Oceania passed under the control of European powers and the United States between 1842 and the end of the century, with the exception of Tonga, which remained under British protection (from 1900) with a consul who was not to interfere in internal affairs.

Which Polynesian country is the oldest?

Tonga
Archaeological dating places Tonga as the oldest known site in Polynesia for the distinctive Lapita ceramic ware, at 2800–2750 years before present.

How much is the Pacific Ocean worth?

Ocean wealth valued at US$24 trillion, but sinking fast | WWF. The value of the ocean’s riches rivals the size of the world’s leading economies, but its resources are rapidly eroding, according to a report released by WWF today.

Why do Pacific Islanders import so many of their food products?

Abandoning fishing and farming in search of better economic prospects in urban areas has not only transformed the household diet from one rich in home-grown carbohydrates, greens and protein to one of imported foods with a high sugar, salt and saturated fat content, it has also resulted in the Pacific islands becoming …