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Gross Domestic Product

Gross Domestic Product (GDP) is a measure of the monetary value of all output (or production) by all firms, non-profit institutions, government bodies and households in a country for a specific timeperiod.

A distinction is made between nominal and real GDP. Nominal GDP measures output at current prices, whereas real GDP keeps prices constant. The relative change in real GDP is an important indicator of the performance of a countries economy and in media reports is often simply referred to as 'economic growth'.

1 - No Poverty2 - Zero Hunger3 - Good Health and Well-Being4 - Quality Education5 - Gender Equality6 - Clean Water and Sanitation7 - Affordable and Clean Energy8 - Decent Work and Economic Growth9 - Industry Innovation and Infrastructure10 - Reduced Inequalities11 - Sustainable Cities and Communities12 - Responsible Consumption and Production13 - Climate Action14 - Life Below Water15 - Life Land16 - Peace Justice and Strong Institutions17 - Partnerships Goals

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News & Publications

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What do the statistics tell us about the Impacts of COVID-19 on PICT Economies

October 5, 2021
Almost eighteen months on since the onset of the COVID-19 pandemic worldwide, Pacific economies are still grappling with its impact and putting in place their economic recovery efforts.
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International trade as a share of gross domestic product in selected Pacific economies

March 18, 2021
International trade as a share of the Gross Domestic Product (GDP), or trade-to-GDP ratio as it is more commonly referred to, gives an indication of the relative openness and importance of trade in a country.
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2020 pocket statistical summary

September 15, 2020
Our 2020 pocket statistical summary has arrived, providing a quick overview of statistics for the people and economies of the Pacific Community’s (SPC’s) member countries.
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The Economic and Social Impact of the COVID-19 Pandemic on the Pacific Island Economies

April 29, 2020
The ongoing COVID-19 Pandemic around the world has necessitated the Statistics Development Division (SDD) of the Pacific Community (SPC) to explore it’s impact on the Pacific Island economies.
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Balance of Payments Business Registers Trade in Goods Trade in Services Tourism Satellite Accounts Consumer Price Index Economy Employment and unemployment Household Income and Expenditure Surveys Government Finance Statistics Visitor Statistics