Naoero: Trade in services (% of GDP)

Key figures

What the numbers say

In 2024, Naoero's trade in services (% of GDP) rose 32.65 percentage points on 2023 (from 58.38% to 91.03%).

Across the 15 yearly changes before that (2009 to 2023), the average change was +2.5 percentage points and a typical year strayed about 14.43 percentage points from that (the standard deviation). This year's change was 2.1 standard deviations above that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was 43.86 percentage points in 2013 and the biggest yearly fall was 15.4 percentage points in 2021. 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 there is no clear straight-line trend: a straight line explains 5% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

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 3rd highest value of the 30 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

• Malta — 1st of 30: 169.44%
• Bahamas, The — 3rd of 30: 52.86%
• Fiji — 4th of 30: 52.17%
• Djibouti — 5th of 30: 45.82%

What this measures

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.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 17 values

Trade in services (% of GDP) in nearby economies

• Australia — 11.55% (2025)
• Brunei Darussalam — 13.32% (2025)
• Cambodia — 16.72% (2025)
• China — 5.17% (2025)
• Fiji — 52.17% (2024)
• French Polynesia — 25.61% (2016)
• Hong Kong SAR, China — 48.83% (2025)
• Indonesia — 7.29% (2025)
• Japan — 11.62% (2025)
• Kiribati — 31.62% (2025)
• Korea, Rep. — 17.88% (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

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Questions people ask

What is Naoero's trade in services (% of GDP)?

91.03% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2008?

It is up 70.2 percentage points from 20.82% in 2008. The highest value was 91.03% in 2024 and the lowest 19.79% in 2009.

How does Naoero rank?

3rd highest of 30 economies with data for 2024.

Is the latest change in trade in services (% of GDP) unusual for Naoero?

In 2024, Naoero's trade in services (% of GDP) rose 32.65 percentage points on 2023 (from 58.38% to 91.03%). Across the 15 yearly changes before that (2009 to 2023), the average change was +2.5 percentage points and a typical year strayed about 14.43 percentage points from that (the standard deviation). This year's change was 2.1 standard deviations above that average, so it was unusually large compared with the rest of the record.

Source

World Bank, World Development Indicators, indicator BG.GSR.NFSV.GD.ZS, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF); World Development Indicators Database, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD) 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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