Naoero: Imports of goods and services (current US$, BoP)

Key figures

What the numbers say

In 2024, Naoero's imports of goods and services (current US$, BoP) rose 20.4% on 2023 (from US$150.19 million to US$180.87 million).

Across the 15 yearly changes before that (2009 to 2023), the average change was +14.9% and a typical year strayed about 27.1% from that (the standard deviation). This year's change was 0.2 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 96% in 2011 and the biggest yearly fall was 19% in 2010. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 the straight-line trend is upward, about US$9.57 million a year. A straight line explains 88% 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.

A straight-line projection, tested first

Extending that straight line gives about US$193.1 million for 2027. We show this only because the same method, fitted on earlier years, predicted 2022 to 2024 better than "no change" would have: its average miss was US$15.14 million, against US$24.29 million for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.

See how a linear trend forecast works and the guide on forecasting without fooling yourself.

How it compares

In 2024, Naoero had the 30th highest value of the 29 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.

Closest to Naoero in the 2024 ranking

• Solomon Islands — 26th of 29: US$857.13 million
• Guinea-Bissau — 27th of 29: US$611.93 million
• Marshall Islands — 28th of 29: US$237.15 million

What this measures

Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

Limitations: Discrepancies may arise in the balance of payments because there is no single source for balance of payments data and therefore no way to ensure that the data are fully consistent. Sources include customs data, monetary accounts of the banking system, external debt records, information provided by enterprises, surveys to estimate service transactions, and foreign exchange records. Differences in collection methods - such as in timing, definitions of residence and ownership, and the exchange rate used to value transactions - contribute to net errors and omissions. In addition, smuggling and other illegal or quasi-legal transactions may be unrecorded or misrecorded.

Regional and income-group figures are computed by the World Bank as a gap-filled total.

All 17 values

Imports of goods and services (current US$, BoP) in nearby economies

• Australia — US$424.74 billion (2025)
• Brunei Darussalam — US$7.82 billion (2025)
• Cambodia — US$40.15 billion (2025)
• China — US$3.31 trillion (2025)
• Fiji — US$3.85 billion (2024)
• French Polynesia — US$1.87 billion (2016)
• Hong Kong SAR, China — US$841.39 billion (2025)
• Indonesia — US$293.37 billion (2025)
• Japan — US$998.13 billion (2025)
• Kiribati

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

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Naoero's imports of goods and services (current US$, BoP)?

US$180.87 million in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2008?

It is up 593.09% from US$26.1 million in 2008 (12.86% a year on average, compounded). The highest value was US$180.87 million in 2024 and the lowest US$23.64 million in 2010.

Source

World Bank, World Development Indicators, indicator BM.GSR.GNFS.CD, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF) 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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