Current account balance in Naoero
Naoero: Current account balance was 5.8% in 2024. ◆ Volatile
Current account balance in Naoero, 2008–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2024, current account balance in Naoero stood at 5.8%.
That represents a change of up 387.1% on the previous year and down 77.9% over ten years.
Over the whole period, current account balance in Naoero peaked at 67.8% in 2009 and was at its lowest, -19.7%, in 2015.
Naoero ranks 35th of 200 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 in Naoero, year by year
| Year | % of GDP | 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 | 4.4% | +70.5% |
| 2022 | 1.6% | -62.9% |
| 2023 | 1.2% | -27.5% |
| 2024 | 5.8% | +387.1% |
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% | 1.2% | 5.8% | 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)
- GNI (current LCU), per capita 32,183 current LCU per person (2025)
- Net primary income (Net income from abroad) (current LCU), annual -15.75 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 2.2 current LCU per US$ of GDP (2025)
- GNI (current LCU), annual growth rate -1.4 % change on previous year (2025)
- GNI (current US$), per capita 20,829 current US$ per person (2025)
- GNI, Atlas method (current US$), per capita 20,690 current US$ per person (2025)
- GNI, Atlas method (current US$), per unit of GDP 1.41 current US$ per US$ of GDP (2025)
- GNI (current US$), per unit of GDP 1.42 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is current account balance in Naoero?
- Current account balance in Naoero was 5.8% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Naoero?
- The highest recorded value was 67.8% in 2009.
- What is the lowest current account balance recorded in Naoero?
- The lowest recorded value was -19.7% in 2015.
- How does Naoero rank for current account balance?
- Naoero ranks 35th out of 200 countries with data for 2024.
- Is current account balance rising or falling in Naoero?
- Over the last ten years it is down 77.9%. The long-run trend across the full record is volatile.
- Where does this Naoero data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.