Insurance and financial services in Naoero
Naoero: Insurance and financial services was 2.0% in 2024. ◆ Volatile
Insurance and financial services in Naoero, 2008–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service imports, BoP.
Analysis
The most recent figure for insurance and financial services in Naoero is 2.0%, measured in 2024.
Compared with earlier readings it is down 39.6% on the previous year and up 210.3% over ten years.
Over the whole period, insurance and financial services in Naoero peaked at 3.5% in 2022 and was at its lowest, 0.6%, in 2016.
Naoero ranks 177th of 197 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in Naoero, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 2008 | 2.1% | — |
| 2009 | 1.7% | -18.8% |
| 2010 | 1.7% | +2.9% |
| 2011 | 1.1% | -33.7% |
| 2012 | 1.2% | +6.9% |
| 2013 | 0.7% | -46.0% |
| 2014 | 0.7% | -1.0% |
| 2015 | 0.8% | +23.3% |
| 2016 | 0.6% | -27.5% |
| 2017 | 0.6% | +9.0% |
| 2018 | 2.0% | +213.1% |
| 2019 | 2.9% | +45.1% |
| 2020 | 3.3% | +13.9% |
| 2021 | 3.5% | +5.3% |
| 2022 | 3.5% | +1.8% |
| 2023 | 3.4% | -5.0% |
| 2024 | 2.0% | -39.6% |
Naoero compared with similar countries
- Naoero's 2.0% is below the median for high income countries, which is 6.2%, 33% of the median. (72 countries reporting)
- Naoero's 2.0% is below the median for East Asia & Pacific, which is 4.9%, 41% of the median. (32 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services 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 |
|---|---|---|---|
| 2018 | +213.1% | 0.6% | 2.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.9% | 1.7% | 2.1% | 2 |
| 2010s | 1.2% | 0.6% | 2.9% | 10 |
| 2020s | 3.1% | 2.0% | 3.5% | 5 |
Countries ranked near Naoero
- 174 Lao People's Democratic Republic 2.1% compare
- 175 Botswana 2.1% compare
- 176 Congo 2.1% compare
- 178 Sint Maarten (Dutch part) 2.0% compare
- 179 Republic of Moldova 1.9% compare
- 180 Namibia 1.9% compare
More economy & growth data for Naoero
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.2806 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 0.827 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps -1.34 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.008 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita -111.87 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -5.85 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -504.22 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0348 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita -489.34 BoP, current US$ per person (2024)
- Exports of goods and services (current US$), annual growth rate 21.06 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Naoero?
- Insurance and financial services in Naoero was 2.0% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Naoero?
- The highest recorded value was 3.5% in 2022.
- What is the lowest insurance and financial services recorded in Naoero?
- The lowest recorded value was 0.6% in 2016.
- How does Naoero rank for insurance and financial services?
- Naoero ranks 177th out of 197 countries with data for 2024.
- Is insurance and financial services rising or falling in Naoero?
- Over the last ten years it is up 210.3%. 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 Insurance and financial services (% of service imports, BoP). Statizoid updates them automatically from the source API.
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About this data
Insurance and financial services cover various types of insurance provided to nonresidents by resident insurance enterprises and vice versa, and financial intermediary and auxiliary services (except those of insurance enterprises and pension funds) exchanged between residents and nonresidents. This indicator is expressed as a percentage of service imports which are services provided by non-residents to residents.