[ Nominal GDP in billion of USD ]
Year -
$0.16 billion
Nauru GDP expanded from 1970 to 2024, increasing from $0.02 billion to $0.16 billion.The compound annual growth rate (CAGR) averaged 3.93% over the period. The economy recorded its peak level in 2021 and its lowest level in 1970. Growth volatility remained high. The maximum drawdown reached 66.67%, indicating the largest cyclical decline from peak levels. The country experienced 8 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2024 | 2024 |
| Latest GDP | $ 0.16 Billions | $ 0.17 Int Billions |
| Growth (YoY) | 7.365% | 3.841% |
| Net Change vs Previous Year | $ 0.01 Billion | $ 0.01 Int Billion |
| % of World GDP | 0.00% | 0.00% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | - | - | - | - | - | - |
| 1961 | - | - | - | - | - | - |
| 1962 | - | - | - | - | - | - |
| 1963 | - | - | - | - | - | - |
| 1964 | - | - | - | - | - | - |
| 1965 | - | - | - | - | - | - |
| 1966 | - | - | - | - | - | - |
| 1967 | - | - | - | - | - | - |
| 1968 | - | - | - | - | - | - |
| 1969 | - | - | - | - | - | - |
| 1970 | 0.02 | - | - | - | - | - |
| 1971 | 0.02 | 0 | 8.19 % | - | - | - |
| 1972 | 0.02 | 0 | 14.334 % | - | - | - |
| 1973 | 0.03 | 0 | 22.064 % | - | - | - |
| 1974 | 0.04 | 0.01 | 35.676 % | - | - | - |
| 1975 | 0.04 | 0 | 11.425 % | - | - | - |
| 1976 | 0.04 | 0 | 0.45 % | - | - | - |
| 1977 | 0.04 | 0 | 0.39 % | - | - | - |
| 1978 | 0.04 | 0 | 3.238 % | - | - | - |
| 1979 | 0.04 | 0 | 6.412 % | - | - | - |
| 1980 | 0.05 | 0 | 5.662 % | - | - | - |
| 1981 | 0.05 | 0 | 10.102 % | - | - | - |
| 1982 | 0.05 | 0 | 2.299 % | - | - | - |
| 1983 | 0.05 | 0 | -8.394 % | - | - | - |
| 1984 | 0.05 | 0 | -2.221 % | - | - | - |
| 1985 | 0.04 | -0.01 | -12.276 % | - | - | - |
| 1986 | 0.04 | 0 | -3.873 % | - | - | - |
| 1987 | 0.04 | 0 | 0.448 % | - | - | - |
| 1988 | 0.05 | 0.01 | 14.489 % | - | - | - |
| 1989 | 0.05 | 0.01 | 16.994 % | - | - | - |
| 1990 | 0.06 | 0 | 3.416 % | 0.16 | - | - |
| 1991 | 0.05 | 0 | -5.468 % | 0.13 | -0.03 | -16.254 % |
| 1992 | 0.05 | 0 | -2.666 % | 0.11 | -0.02 | -14.352 % |
| 1993 | 0.04 | -0.01 | -14.846 % | 0.1 | -0.02 | -14.129 % |
| 1994 | 0.04 | 0 | -8.726 % | 0.09 | 0 | -1.813 % |
| 1995 | 0.04 | 0 | 0.572 % | 0.09 | -0.01 | -5.993 % |
| 1996 | 0.04 | 0 | -6.282 % | 0.08 | -0.01 | -10.246 % |
| 1997 | 0.04 | 0 | -0.34 % | 0.07 | -0.01 | -7.384 % |
| 1998 | 0.03 | -0.01 | -20.538 % | 0.07 | -0.01 | -10.797 % |
| 1999 | 0.03 | 0 | -7.874 % | 0.06 | 0 | -5.246 % |
| 2000 | 0.03 | 0 | -1.455 % | 0.06 | 0 | -4.746 % |
| 2001 | 0.02 | 0 | -16.032 % | 0.06 | 0 | -4.662 % |
| 2002 | 0.02 | 0 | -7.057 % | 0.05 | 0 | -8.572 % |
| 2003 | 0.02 | 0 | 17.893 % | 0.05 | 0 | 2.265 % |
| 2004 | 0.03 | 0.01 | 23.446 % | 0.05 | 0 | -1.742 % |
| 2005 | 0.03 | 0 | -1.69 % | 0.05 | 0 | 3.135 % |
| 2006 | 0.03 | 0 | -2.894 % | 0.06 | 0.01 | 11.795 % |
| 2007 | 0.02 | -0.01 | -22.032 % | 0.05 | -0.01 | -19.967 % |
| 2008 | 0.04 | 0.01 | 65.161 % | 0.06 | 0.01 | 22.312 % |
| 2009 | 0.04 | 0.01 | 17.483 % | 0.06 | 0 | -4.973 % |
| 2010 | 0.05 | 0 | 7.666 % | 0.06 | 0 | 1.215 % |
| 2011 | 0.07 | 0.02 | 36.812 % | 0.07 | 0.01 | 17.072 % |
| 2012 | 0.1 | 0.04 | 55.299 % | 0.08 | 0.02 | 26.675 % |
| 2013 | 0.09 | -0.01 | -6.601 % | 0.09 | 0 | 5.896 % |
| 2014 | 0.1 | 0 | 5.048 % | 0.1 | 0.02 | 17.859 % |
| 2015 | 0.08 | -0.01 | -14.408 % | 0.11 | 0 | 4.379 % |
| 2016 | 0.1 | 0.01 | 14.94 % | 0.11 | 0.01 | 5.122 % |
| 2017 | 0.11 | 0.01 | 12.111 % | 0.11 | -0.01 | -4.672 % |
| 2018 | 0.13 | 0.02 | 19.789 % | 0.11 | 0 | 1.424 % |
| 2019 | 0.13 | -0.01 | -4.455 % | 0.12 | 0.01 | 10.339 % |
| 2020 | 0.12 | 0 | -0.379 % | 0.13 | 0 | 2.925 % |
| 2021 | 0.18 | 0.05 | 40.666 % | 0.14 | 0.02 | 12.672 % |
| 2022 | 0.15 | -0.02 | -13.123 % | 0.16 | 0.01 | 10.212 % |
| 2023 | 0.15 | 0 | -0.615 % | 0.16 | 0.01 | 4.323 % |
| 2024 | 0.16 | 0.01 | 7.365 % | 0.17 | 0.01 | 3.841 % |
Between 1970 to 2024, Nauru experienced the following economic phases:
The most remarkable growth occurred in 2008 with an increase of 65.161%, while the largest decline was in 2007 at -22.032%.