Trade in services in Naoero
Naoero: Trade in services was 91.0% in 2024. ▲ Rising
Trade in services in Naoero, 2008–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Naoero recorded 91.0% for trade in services in 2024. That is the highest value across all 17 years on record.
The figure is up 55.9% on the previous year and up 21.2% over ten years.
Over the whole period, trade in services in Naoero peaked at 91.0% in 2024 and was at its lowest, 19.8%, in 2009.
Naoero ranks 13th of 200 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 17 years of available data.
Trade in services in Naoero, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2008 | 20.8% | — |
| 2009 | 19.8% | -4.9% |
| 2010 | 23.2% | +17.3% |
| 2011 | 32.2% | +38.9% |
| 2012 | 21.6% | -33.1% |
| 2013 | 65.4% | +203.4% |
| 2014 | 75.1% | +14.8% |
| 2015 | 69.8% | -7.0% |
| 2016 | 59.8% | -14.4% |
| 2017 | 53.4% | -10.6% |
| 2018 | 68.4% | +28.0% |
| 2019 | 78.5% | +14.8% |
| 2020 | 72.1% | -8.2% |
| 2021 | 56.7% | -21.4% |
| 2022 | 55.7% | -1.8% |
| 2023 | 58.4% | +4.8% |
| 2024 | 91.0% | +55.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 20.3% | 19.8% | 20.8% | 2 |
| 2010s | 54.8% | 21.6% | 78.5% | 10 |
| 2020s | 66.8% | 55.7% | 91.0% | 5 |
Countries ranked near Naoero
- 10 Maldives 98.0% compare
- 11 Macau, China 96.8% compare
- 12 Sint Maarten (Dutch part) 95.1% compare
- 14 Cayman Islands 87.1% compare
- 15 Tuvalu 84.5% compare
- 16 Suriname 84.2% compare
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, Atlas method (current US$), per unit of GDP 1.41 current US$ 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 (current US$), per unit of GDP 1.42 current US$ per US$ of GDP (2025)
- GNI (current US$), annual growth rate -2.66 % change on previous year (2025)
- GNI, Atlas method (current US$), annual growth rate -5.08 % change on previous year (2025)
- GDP (constant LCU), per unit of GDP 0.7399 constant LCU per US$ of GDP (2025)
- GDP (constant LCU), per capita 10,832 constant LCU per person (2025)
Frequently asked questions
- What is trade in services in Naoero?
- Trade in services in Naoero was 91.0% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest trade in services recorded in Naoero?
- The highest recorded value was 91.0% in 2024.
- What is the lowest trade in services recorded in Naoero?
- The lowest recorded value was 19.8% in 2009.
- How does Naoero rank for trade in services?
- Naoero ranks 13th out of 200 countries with data for 2024.
- Is trade in services rising or falling in Naoero?
- Over the last ten years it is up 21.2%. The long-run trend across the full record is rising.
- 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 Trade in services (% of GDP). Statizoid updates them automatically from the source API.
Download this data
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About this data
Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. 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.