Naoero's net financial account (BoP, current US$) was US$47.4 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 250.06% from US$13.54 million in 2014 (13.35% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$47.4 million | 2024 |
| Five years earlier | US$45.31 million | 2019 |
| Ten years earlier | US$13.54 million | 2014 |
| Highest | US$84.02 million | 2021 |
| Lowest | −US$24.44 million | 2015 |
| Average since 2015 | US$34.56 million | 2015–2024 |
| First recorded | −US$5.35 million |
What the numbers say
In 2024, Naoero's net financial account (BoP, current US$) rose US$21.15 million on 2023 (from US$26.24 million to US$47.4 million).
Across the 15 yearly changes before that (2009 to 2023), the average change was +US$2.11 million and a typical year strayed about US$25.34 million 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 US$50.13 million in 2016 and the biggest yearly fall was US$39.85 million in 2022. 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$5.66 million a year. A straight line explains 39% 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 2024, Naoero had the 5th 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
- Haiti — 2nd of 29: US$2.46 billion
- Malta — 3rd of 29: US$1.99 billion
- Zimbabwe — 4th of 29: US$158.73 million
- Solomon Islands — 6th of 29: US$41.08 million
- Marshall Islands — 7th of 29: US$32.91 million
- Sierra Leone — 8th of 29: US$17.93 million
What this measures
The net financial account shows net acquisition and disposal of financial assets and liabilities. It measures how net lending to or borrowing from nonresidents is financed, and is conceptually equal to the sum of the balances on the current and capital accounts. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
All 17 values
| Year | Net financial account (BoP, current US$) |
|---|---|
| 2024 | 47,396,533 |
| 2023 | 26,244,232 |
| 2022 | 44,174,109 |
| 2021 | 84,022,263 |
| 2020 | 46,379,988 |
| 2019 | 45,305,590 |
| 2018 | 31,294,617 |
| 2017 | 19,487,532 |
| 2016 | 25,689,715 |
| 2015 | -24,443,249 |
| 2014 |
Net financial account (BoP, current US$) in nearby economies
- Australia — −US$60.25 billion (2025)
- Brunei Darussalam — US$2.14 billion (2025)
- Cambodia — −US$311.96 million (2025)
- China — US$773.33 billion (2025)
- Fiji — −US$424.17 million (2024)
- French Polynesia — US$374.02 million (2016)
- Hong Kong SAR, China — US$71.08 billion (2025)
- Indonesia — −US$3.38 billion (2025)
- Japan — US$199.29 billion (2025)
- Kiribati — −US$35.3 million (2025)
More economic policy & debt data for Naoero
- GDP (current US$) — 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$250.47 million (2025)
- GNI (current LCU) — 387 million (2025)
- GNI per capita (current LCU) — 32,183 (2025)
Reading data like this
Questions people ask
- What is Naoero's net financial account (BoP, current US$)?
- US$47.4 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2008?
- It is up 985.1% from −US$5.35 million in 2008. The highest value was US$84.02 million in 2021 and the lowest −US$24.44 million in 2015.
- How does Naoero rank?
- 5th highest of 29 economies with data for 2024.
- Is the latest change in net financial account (BoP, current US$) unusual for Naoero?
- In 2024, Naoero's net financial account (BoP, current US$) rose US$21.15 million on 2023 (from US$26.24 million to US$47.4 million). Across the 15 yearly changes before that (2009 to 2023), the average change was +US$2.11 million and a typical year strayed about US$25.34 million 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 BN.FIN.TOTL.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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