Current account balance as a proportion of GDP in Naoero
Naoero: Current account balance as a proportion of GDP was 6.0% in 2024. ◆ Volatile
Current account balance as a proportion of GDP in Naoero, 2008–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
Naoero recorded 6.0% for current account balance as a proportion of gdp in 2024.
That represents a change of up 371.4% on the previous year and down 77.2% over ten years.
Over the whole period, current account balance as a proportion of gdp in Naoero peaked at 67.8% in 2009 and was at its lowest, -19.7%, in 2015.
That places Naoero 29th out of 205 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance as a proportion of GDP in Naoero, year by year
| Year | % | Change |
|---|---|---|
| 2008 | 49.5% | — |
| 2009 | 67.8% | +36.8% |
| 2010 | 49.8% | -26.6% |
| 2011 | 30.4% | -39.0% |
| 2012 | 34.5% | +13.6% |
| 2013 | 48.6% | +40.8% |
| 2014 | 26.3% | -46.0% |
| 2015 | -19.7% | -175.0% |
| 2016 | 2.1% | -110.8% |
| 2017 | 12.9% | +505.3% |
| 2018 | 7.3% | -43.2% |
| 2019 | 4.5% | -39.0% |
| 2020 | 2.6% | -42.0% |
| 2021 | 3.8% | +45.1% |
| 2022 | 1.9% | -48.3% |
| 2023 | 1.3% | -34.8% |
| 2024 | 6.0% | +371.4% |
Biggest year-on-year movements
Years where Current account balance as a proportion of GDP in Naoero changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2017 | +505.3% | 2.1% | 12.9% |
| 2024 | +371.4% | 1.3% | 6.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 58.7% | 49.5% | 67.8% | 2 |
| 2010s | 19.7% | -19.7% | 49.8% | 10 |
| 2020s | 3.1% | 1.3% | 6.0% | 5 |
Countries ranked near Naoero
More economy & growth data for Naoero
- Share of people who used the internet in the previous three months 81.66 % (2020)
- Prevalence of anemia among women of reproductive age (15-49 years) 22.5 % (2023)
- 15.6.1 Total reported number of Standard Material Transfer Agreements 5 No (2025)
- 15.6.1 Countries that are contracting Parties to the International 0 No (2025)
- Foreign direct investment (FDI) inflows -0.2799 million current US$ (2024)
- 15.6.1 Countries with legislative, administrative and policy 0 No (2025)
- Manufacturing value added (constant 2020 United States dollars) as a 20.0% (2025)
- Annual growth rate of real GDP per capita 1.1% (2024)
- Manufacturing value added (current United States dollars) as a 19.4% (2024)
- Merchandise trade as a proportion of GDP 59.7% (2024)
Frequently asked questions
- What is current account balance as a proportion of gdp in Naoero?
- Current account balance as a proportion of gdp in Naoero was 6.0% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in Naoero?
- The highest recorded value was 67.8% in 2009.
- What is the lowest current account balance as a proportion of gdp recorded in Naoero?
- The lowest recorded value was -19.7% in 2015.
- How does Naoero rank for current account balance as a proportion of gdp?
- Naoero ranks 29th out of 205 countries with data for 2024.
- Is current account balance as a proportion of gdp rising or falling in Naoero?
- Over the last ten years it is down 77.2%. The long-run trend across the full record is volatile.
- Where does this Naoero data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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