The economy of Oceania is comprised of more than... Map of world GDP (PPP) by country using the IMF list for 2005 There are three lists of countries of the world sorted by their gross domestic product (GDP), the value of all final goods and services produced within a nation in a given year. ... The international dollar is a hypothetical unit of currency that has the same purchasing power that the U.S. dollar has in the United States at a given point in time. ... Map of countries by GDP (PPP) per capita, based on the 2005 IMF data. ... The international dollar is a hypothetical unit of currency that has the same purchasing power that the U.S. dollar has in the United States at a given point in time. ... The examples and perspective in this article or section may not represent a worldwide view. ... Income, generally defined, is the money that is received as a result of the normal business activities of an individual or a business. ... The United Nations Development Programme (UNDP) is the largest multilateral source of grant technical assistance in the world. ... This article needs to be updated. ... The economy of Africa consists of the trade, industry, and resources of the peoples of Africa. ... This article is in need of attention. ... The economy of Europe is comprised of more than 665 million people in 48 different states. ... This article is a blank template based on the Economy of Europe article, therefore many headings and dates etc. ... The economy of South America comprises more than 360 million people living in 14 states and territories. ...

Economic development

to be completed - dates taken from European version, need to be changed to reflect major economic changes in Oceania

1945-1990

1991-2003

2004

Future

As the worlds regions become increasingly interlinked to form trade blocs the future which entails Oceania could lead to either increased unity or separatism. Future issues such as Global Warming, the Kyoto Agreement, and the subsequent possibility of the Carbon Trade could increase the regions viability to become a more centralised region. Greater unity and therefore sustained prosperity among Oceanian countries could be achieved through increased co-operation between nation states Economically, Politically and Socially. The implementation of these factors could perhaps provide the region with a similar framework to the European Union in its most fundamental form. Perhaps the formation of a common currency in the South Pacific, similar to that in Europe may be the first step in the right direction.

Regional variation

to be completed

Oceania

Map of Oceania, from a CIA factbook. ... Map of Oceania, from a CIA factbook. ...

Trade blocs

Many of the smaller Pacific nations rely on trade with Australia, New Zealand and the United States for exporting goods and for accessing other products. For other meanings of Pacific, see Pacific (disambiguation). ...

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. Wikipedia does not yet have an article with this exact name. ... The Asia-Pacific Economic Cooperation (APEC) is a group of Pacific Rim countries who meet with the purpose of economic and political ties. ... The East Asia Summit (EAS) is a pan-Asia forum to be held annually by the leaders of 16 countries in East Asia and the region, with ASEAN in a leadership position. ...

Currency

Below is a list of the currencies of Oceania, with exchange rates between each currency and both the Euro and US Dollars ^{as of 17th November 2004}.

Table correct as of 17th November 2004 ISO 4217 Code AUD User(s) Australia, Kiribati, Nauru, Tuvalu, Christmas Island, Cocos (Keeling) Islands, and Norfolk Island Inflation 4% (Australia only) Source Reserve Bank of Australia, June 2006 Subunit 1/100 cent Symbol $ or AUD Coins 5c, 10c, 20c, 50c , $1, $2 Banknotes $5, $10, $20, $50, $100 Central... Reserve Bank of Australia in Martin Place, Sydney The Reserve Bank of Australia came into being on the 14th January 1960 to operate as Australias central bank and banknote issuing authority. ... The United States dollar is the official currency of the United States. ... The Fijian dollar is the currency of Fiji. ... The Reserve Bank of Fiji (RBF) is the central bank of the Pacific island country of Fiji. ... ISO 4217 Code AUD User(s) Australia, Kiribati, Nauru, Tuvalu, Christmas Island, Cocos (Keeling) Islands, and Norfolk Island Inflation 4% (Australia only) Source Reserve Bank of Australia, June 2006 Subunit 1/100 cent Symbol $ or AUD Coins 5c, 10c, 20c, 50c , $1, $2 Banknotes $5, $10, $20, $50, $100 Central... Reserve Bank of Australia in Martin Place, Sydney The Reserve Bank of Australia came into being on the 14th January 1960 to operate as Australias central bank and banknote issuing authority. ... The United States dollar is the official currency of the United States. ... ISO 4217 Code AUD User(s) Australia, Kiribati, Nauru, Tuvalu, Christmas Island, Cocos (Keeling) Islands, and Norfolk Island Inflation 4% (Australia only) Source Reserve Bank of Australia, June 2006 Subunit 1/100 cent Symbol $ or AUD Coins 5c, 10c, 20c, 50c , $1, $2 Banknotes $5, $10, $20, $50, $100 Central... Reserve Bank of Australia in Martin Place, Sydney The Reserve Bank of Australia came into being on the 14th January 1960 to operate as Australias central bank and banknote issuing authority. ... A New Zealand $100 polymer banknote, replacement of the old paper notes. ... The Reserve Bank of New Zealand is the central bank of New Zealand. ... The United States dollar is the official currency of the United States. ... Kina (currency code PGK) is the currency of Papua New Guinea. ... The term Tala can refer to: A rhythmic pattern in Carnatic or Hindustani (where it is also spelled taal or tal) music. ... The Solomon Islands Dollar was introduced in 1975 to replace the Australian Dollar after independence. ... The paanga (or Tongan dollar) is the currency of the Kingdom of Tonga. ... 200 Vatu Commemorative Note The Vatu (ISO 4217: VUV, sometimes Vt) is the official currency of Vanuatu. ...

Economic sectors

Fishing and Agriculture

The overwhelming majority of people in the Pacific (not including Australia and New Zealand) work in the primary sector. 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. Old growth logging is exploited on larger islands, including the Solomons and Papua New Guinea. For other meanings of Pacific, see Pacific (disambiguation). ... The primary sector of industry generally involves the conversion of natural resources into primary products. ... Copra drying in the sun Copra is the dried meat, or kernel, of the coconut. ... Binomial name Cocos nucifera L. The Coconut Palm (Cocos nucifera) is a member of the Family Arecaceae (palm family). ... Timber in storage for later processing at a sawmill Timber is a term used to describe wood, either standing or that has been processed for use—from the time trees are felled, to its end product as a material suitable for industrial use—as structural material for construction or wood... A cut of beef. ... To meet Wikipedias quality standards, this article or section may require cleanup. ... Cocoa beans in a cacao pod Cocoa is the dried and partially fermented fatty seed of the cacao tree from which chocolate is made. ... Magnification of typical sugar In non-scientific use, the term sugar means sucrose, also called table sugar or saccharose, a white crystalline solid disaccharide. ... Binomial name Zingiber officinale Roscoe Though called a root, it is actually the rhizome of the monocotyledonous perennial plant Zingiber officinale. ... The tropics are the geographic region of the Earth centered on the equator and limited in latitude by the two tropics: the Tropic of Cancer in the northern hemisphere and the Tropic of Capricorn in the southern hemisphere. ... For other meanings of Pacific, see Pacific (disambiguation). ... ... Motto: To Lead is to Serve Anthem(s): God Save Our Solomon Islands Royal anthem: God Save the Queen Capital Honiara Largest city Honiara Official language(s) English Government Constitutional monarchy  - Queen Elizabeth II  - Governor-General Nathaniel Waena  - Prime Minister Manasseh Sogavare Independence from the UK   - Date 7 July 1978...

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. Fishing is the activity of hunting for fish. ... View of the Pacific Ocean from Oregon. ... Fishing is the activity of hunting for fish. ...

Natural Resources, such as lead, zinc, nickel and gold, are mined across the West of the region, in the Solomon Islands and Australia. General Name, Symbol, Number lead, Pb, 82 Chemical series poor metals Group, Period, Block 14, 6, p Appearance bluish white Atomic mass 207. ... General Name, Symbol, Number zinc, Zn, 30 Chemical series transition metals Group, Period, Block 12, 4, d Appearance bluish pale gray Atomic mass 65. ... General Name, Symbol, Number nickel, Ni, 28 Chemical series transition metals Group, Period, Block 10, 4, d Appearance lustrous, metallic Atomic mass 58. ... General Name, Symbol, Number gold, Au, 79 Chemical series transition metals Group, Period, Block 11, 6, d Appearance metallic yellow Atomic mass 196. ... A compass rose with west highlighted This article refers to the cardinal direction; for other uses see West (disambiguation). ...

Manufacturing

The Manufacturing of clothing is a major industry in some parts of the Pacific, escpecially Fiji, although this is decreasing.

Investing and banking

Very little of the economy is in this area, save in the larger countries; Australia and New Zealand.

Other

Recently 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 USA. Fiji currently draws almost half a million tourists each year; more than a quarter from Australia. This contributes $300 million to Fiji's economy.

As well as this, many places in the Pacific still rely on foreign aid for development. 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). For other meanings of Pacific, see Pacific (disambiguation). ... It has been suggested that this article or section be merged into Development aid. ... It has been suggested that Official Development Assistance, International development, Foreign aid, Aid, Tied aid, Aid effectiveness, Output-based aid be merged into this article or section. ... Motto: None Anthem(s): National Anthem of the Republic of China Capital Taipei City (de facto) Nanjing (de jure)1 Largest city Taipei City Official language(s) Mandarin (GuóyÇ”) Government Semi-presidential system  - President Chen Shui-bian  - Vice President Annette Lu  - Premier Su Tseng-chang Establishment Xinhai Revolution   - Declared...

Global trade relations

Economy by country

See also

• Oceania