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Established in 1971; aims to enhance cooperation between countries of the Pacific, improving regional economic integration.

1983; marked a significant shift towards an open market economy, leading to greater currency volatility but also to more efficient financial markets.

Pre-1800s; facilitated the exchange of culture and goods, becoming a significant economic activity in Polynesia.

1940s; increased military expenditure and American presence boosted the economies of Australia and New Zealand.

2000s; significant contribution to the national GDP through exports, especially iron ore and coal, leading to a commodity boom.

1950s; Australia dominated the world wool market, driving economic growth and prosperity in the period after WWII.

Late 20th century; became a major economic component, showcasing the region's natural beauty and boosting employment.

1988-1998; disrupted copper mining, which was a critical source of revenue for Papua New Guinea, leading to a troubled economy.

1851-1870s; led to significant population growth and wealth, establishing Australia as a powerhouse in the region.

21st century; has led to increased economic influence in the region, with investments in infrastructure but also rising concerns over debt sustainability.

1930s; caused widespread economic hardship, particularly in Australia and New Zealand with declining trade and unemployment.

Early 20th century; gave rise to Nauru's wealth, but later led to economic instability due to resource depletion.

Historically significant, coconut production has been a stable economic resource for many Pacific Island nations.

Late 20th century; timber production became a key export, transforming the economy but also leading to deforestation concerns.

1840; the foundation for British colonization which impacted Maori land rights and New Zealand's economic structure.