Economy of Melanesia
ebook ∣ Economy in countries, Book 19 · Economy in countries
By Ivan Kushnir

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This book about the economy of Melanesia from the 1970s to the 2010s. Source data from UN Data.
Size. In the 2010s, the GDP of Melanesia was equal to $37.5 billion per year; the value of agriculture was $5.0 billion; the value of industry was $7.3 billion.
Productivity. In the 2010s, the gross domestic product per capita was $3 732.2, the value of agriculture per capita was $493.3, the value of industry per capita was $722.6. Since the productivity is less the average below average, the economy is classified as least developed.
Growth. In the 2010s, the growth of GDP was 4.6%; the growth of agriculture was 2.9%; the growth of industry was 8.4%.
Structure. In the 2010s, the economy of Melanesia included: services (36.8%), industry (20.7%), agriculture (14.2%), trade (13.5%), construction (8.7%), and transportation (6.1%).
Exports and imports. In the 2010s, the imports were 12.9% higher than the exports, the net imports were equal to 5.6% of the GDP.
Consumption and reproduction. The attitude of reproduction to the consumption is not better than the global average, so the share of GDP in the world will not increase.