Services balance (credit less debit), Net (credits less debits) in Naoero
Naoero: Services balance (credit less debit), Net (credits less debits) was -23.67 million in 2024. ◆ Volatile
Services balance (credit less debit), Net (credits less debits) in Naoero, 2008–2024
Source: International Monetary Fund.
Analysis
In 2024, services balance (credit less debit), net (credits less debits) in Naoero stood at -23.67 million.
That represents a change of up 15.6% on the previous year and down 169.0% over ten years.
Over the whole period, services balance (credit less debit), net (credits less debits) in Naoero peaked at 15.61 million in 2018 and was at its lowest, -28.06 million, in 2023.
Naoero ranks 102nd of 197 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Services balance (credit less debit), Net (credits less debits) in Naoero, year by year
| Year | Value | Change |
|---|---|---|
| 2008 | -4.42 million | — |
| 2009 | -5.60 million | +26.5% |
| 2010 | -3.77 million | -32.7% |
| 2011 | -12.59 million | +234.3% |
| 2012 | -14.05 million | +11.6% |
| 2013 | -4.46 million | -68.2% |
| 2014 | -8.80 million | +97.3% |
| 2015 | -14.37 million | +63.3% |
| 2016 | -21.99 million | +53.0% |
| 2017 | -17.36 million | -21.0% |
| 2018 | 15.61 million | -189.9% |
| 2019 | 9.99 million | -36.0% |
| 2020 | 6.84 million | -31.6% |
| 2021 | -9.41 million | -237.6% |
| 2022 | -25.96 million | +175.7% |
| 2023 | -28.06 million | +8.1% |
| 2024 | -23.67 million | -15.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -5.01 million | -5.60 million | -4.42 million | 2 |
| 2010s | -7.18 million | -21.99 million | 15.61 million | 10 |
| 2020s | -16.05 million | -28.06 million | 6.84 million | 5 |
Countries ranked near Naoero
- 99 Montserrat -6.04 million compare
- 100 Nicaragua -7.88 million compare
- 101 Tuvalu -22.22 million compare
- 103 Micronesia, Federated States of -38.72 million compare
- 104 Sudan -38.94 million compare
- 105 Marshall Islands -63.70 million compare
More financial sector data for Naoero
- Official exchange rate 1.55 LCU per US$, period average (2025)
- Net migration -122 (2025)
- Net migration, annual growth rate -0.8264 % change on previous year (2025)
- GDP deflator: linked series 208.82 base year varies by country (2025)
- Inflation, GDP deflator: linked series 4.0% (2025)
- GDP deflator: linked series (base year varies by country), annual 4.02 % change on previous year (2025)
- Reserve assets 52.23 million US dollar (2024)
- Banking crisis dummy 0 1=banking crisis, 0=none (2017)
- Total assets, Adjusted using IMF accounting records 416.02 million US dollar (2024)
- Use of IMF Credit and Loans, Percent of quota per annum 0 (2025)
Frequently asked questions
- What is services balance (credit less debit), net (credits less debits) in Naoero?
- Services balance (credit less debit), net (credits less debits) in Naoero was -23.67 million in 2024, according to International Monetary Fund.
- What is the highest services balance (credit less debit), net (credits less debits) recorded in Naoero?
- The highest recorded value was 15.61 million in 2018.
- What is the lowest services balance (credit less debit), net (credits less debits) recorded in Naoero?
- The lowest recorded value was -28.06 million in 2023.
- How does Naoero rank for services balance (credit less debit), net (credits less debits)?
- Naoero ranks 102nd out of 197 countries with data for 2024.
- Is services balance (credit less debit), net (credits less debits) rising or falling in Naoero?
- Over the last ten years it is down 169.0%. The long-run trend across the full record is volatile.
- Where does this Naoero data come from?
- The figures come from International Monetary Fund, published as part of Services balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.