Naoero's external balance on goods and services (% of GDP) was -41.91% in 2025, the latest year in the World Bank's World Development Indicators. That is up 14.95 percentage points from -56.86% in 2015.
Key figures
| Value | Year | |
|---|---|---|
| Latest | -41.91% | 2025 |
| Five years earlier | -47.81% | 2020 |
| Ten years earlier | -56.86% | 2015 |
| Highest | 22.83% | 2013 |
| Lowest | -57.76% | 2021 |
| Average since 2016 | -41.85% | 2016–2025 |
| First recorded | 16.67% | 2008 |
What the numbers say
In 2025, Naoero's external balance on goods and services (% of GDP) rose 11.6 percentage points on 2024 (from -53.52% to -41.91%).
Across the 16 yearly changes before that (2009 to 2024), the average change was −4.39 percentage points and a typical year strayed about 19.87 percentage points from that (the standard deviation). This year's change was 0.8 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 31.49 percentage points in 2016 and the biggest yearly fall was 57.79 percentage points in 2015. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2016 to 2025 the straight-line trend is downward, about 3.24 percentage points a year. A straight line explains 60% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2025, Naoero had the 133rd highest value of the 137 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Naoero | -41.91% | 2025 |
| World | 0.98% | 2025 |
| East Asia & Pacific | 4.08% | 2025 |
| High income | 0.93% | 2025 |
Closest to Naoero in the 2025 ranking
- West Bank and Gaza — 130th of 137: -32.3%
- Gambia, The — 131st of 137: -36.71%
- Kyrgyz Republic — 132nd of 137: -38.78%
- Marshall Islands — 134th of 137: -43.83%
- Micronesia, Fed. Sts. — 135th of 137: -48.82%
- Lesotho — 136th of 137: -54.92%
What this measures
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. 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.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 18 values
| Year | External balance on goods and services (% of GDP) |
|---|---|
| 2025 | -41.91 |
| 2024 | -53.52 |
| 2023 | -53.33 |
| 2022 | -50.36 |
| 2021 | -57.76 |
| 2020 | -47.81 |
| 2019 | -35.12 |
| 2018 | -31.22 |
| 2017 | -22.07 |
| 2016 | -25.37 |
| 2015 |
External balance on goods and services (% of GDP) in nearby economies
- American Samoa — -30.77% (2022)
- Australia — 0.59% (2025)
- Brunei Darussalam — 19.53% (2025)
- Cambodia — 1.2% (2025)
- China — 4.19% (2025)
- Fiji — -10.15% (2024)
- French Polynesia — -27.83% (2024)
- Guam — -56.09% (2022)
- Hong Kong SAR, China — 2.87% (2025)
- Indonesia
More economic policy & debt data for Naoero
- GDP (current US$) — US$176.04 million (2025)
- GDP (current LCU) — 272 million (2025)
- GDP (constant 2015 US$) — US$100.29 million (2025)
- GDP (constant LCU) — 130.26 million (2025)
- GDP per capita (current US$) — US$14,640 (2025)
- GDP per capita (current LCU) — 22,620 (2025)
- GDP per capita (constant 2015 US$) — US$8,340 (2025)
- GDP per capita (constant LCU) — 10,832 (2025)
- GNI (current US$) — US$250.47 million (2025)
- GNI (current LCU) — 387 million (2025)
- GNI per capita (current LCU) — 32,183 (2025)
Reading data like this
Questions people ask
- What is Naoero's external balance on goods and services (% of GDP)?
- -41.91% in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 2008?
- It is down 58.58 percentage points from 16.67% in 2008. The highest value was 22.83% in 2013 and the lowest -57.76% in 2021.
- How does Naoero rank?
- 133rd highest of 137 economies with data for 2025.
- Is the latest change in external balance on goods and services (% of GDP) unusual for Naoero?
- In 2025, Naoero's external balance on goods and services (% of GDP) rose 11.6 percentage points on 2024 (from -53.52% to -41.91%). Across the 16 yearly changes before that (2009 to 2024), the average change was −4.39 percentage points and a typical year strayed about 19.87 percentage points from that (the standard deviation). This year's change was 0.8 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NE.RSB.GNFS.ZS, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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