Current account balance as a share of GDP in Naoero
Naoero: Current account balance as a share of GDP was 6.0% in 2024. ◆ Volatile
Current account balance as a share of GDP in Naoero, 2008–2024
Source: International Monetary Fund – processed by Our World in Data. Measured in %.
Analysis
In 2024, current account balance as a share of gdp in Naoero stood at 6.0%.
That represents a change of up 370.9% on the previous year and down 77.2% over ten years.
Over the whole period, current account balance as a share of gdp in Naoero peaked at 67.8% in 2009 and was at its lowest, -19.7%, in 2015.
Naoero ranks 30th of 193 countries on this measure, 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 share 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 | 26.2% | -46.0% |
| 2015 | -19.7% | -175.0% |
| 2016 | 2.1% | -110.8% |
| 2017 | 12.9% | +505.6% |
| 2018 | 7.3% | -43.2% |
| 2019 | 4.5% | -39.0% |
| 2020 | 2.6% | -42.1% |
| 2021 | 3.8% | +45.2% |
| 2022 | 1.9% | -48.1% |
| 2023 | 1.3% | -34.9% |
| 2024 | 6.0% | +370.9% |
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
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 0.827 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.2806 Percent per annum (2029)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 2.05 (2025)
- GNI (current US$), per capita 20,829 current US$ per person (2025)
- GNI (current LCU), annual growth rate -1.4 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 2.2 current LCU per US$ of GDP (2025)
- GNI (current LCU), per capita 32,183 current LCU per person (2025)
- Net primary income (Net income from abroad) (current US$), annual -16.83 % change on previous year (2025)
- Net primary income (Net income from abroad) (current LCU), annual -15.75 % change on previous year (2025)
- Gdp worldbank constant usd, per unit of GDP 0.5697 units per US$ of GDP (2025)
Frequently asked questions
- What is current account balance as a share of gdp in Naoero?
- Current account balance as a share of gdp in Naoero was 6.0% in 2024, according to International Monetary Fund – processed by Our World in Data.
- What is the highest current account balance as a share of gdp recorded in Naoero?
- The highest recorded value was 67.8% in 2009.
- What is the lowest current account balance as a share of gdp recorded in Naoero?
- The lowest recorded value was -19.7% in 2015.
- How does Naoero rank for current account balance as a share of gdp?
- Naoero ranks 30th out of 193 countries with data for 2024.
- Is current account balance as a share 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 International Monetary Fund – processed by Our World in Data, published as part of Current account balance as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Current account balance as a proportion of GDP (%).