Nauru GDP Trends from 2004 to 2024: A overall increase with some decline Flow

Nauru's GDP changed from approximately $31M in 2004 to $161M in 2024, showing an overall 419.4% sharply increased during the period.
The lowest GDP was recorded in 2007 at $23M, and the highest in 2021 at $176M.
Over the 20-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 8.6%.
For comparison, the average annual growth rate of Kiribati was 5.2%, and that of Tuvalu was 6.4%.

Overview of Nauru's GDP (2004–2024)

The Gross Domestic Product (GDP) of Nauru recorded a 419.4% sharply increased from 2004 to 2024.
The average GDP during this period was $91M 380K, and the median was $97M.
GDP fluctuated within a range of $153M, with a standard deviation of $48M 953K.
The average annual change was $7M 615K.


Nauru GDP from 2004 to 2024

The total market value of goods and services produced annually in Nauru.

Change Chart

    Highest and Lowest GDP Records

    • Lowest GDP: 2007, $23M
    • Highest GDP: 2021, $176M
    • Most Recent GDP: 2024, $161M

    Notable Annual GDP Changes

    • 2021: Significant increase in GDP
    • 2022: Noticeable drop in GDP

    Overall pattern: overall increase with some decline


    Global Economic Events and Nauru's GDP

    COVID-19 Pandemic (2020)

    • Period: From 2019 to 2020
    • GDP Change: $125M → $125M
    • Outcome: remained stable

    2008 Global Financial Crisis

    • Period: From 2007 to 2009
    • GDP Change: $23M → $44M
    • Outcome: sharply increased

    2001 Dot-com Bubble Burst

    • Period: From 2000 to 2001
    • GDP Change: $0 → $0
    • Outcome: remained stable

    1998 Asian Financial Crisis

    • Period: From 1997 to 1998
    • GDP Change: $0 → $0
    • Outcome: remained stable

    Key Economic Indicators of Nauru (2004–2024)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    2004
    $ 31M
    $ 3,066.93
    $ 3,127.40
    $ 31M
    0 %
    0 %
    0 %
    0 %
    10,000 people
    2005
    $ 30M
    $ 3,053.02
    $ 2,981.18
    $ 30M
    -8.433 %
    0 %
    0 %
    0 %
    10,000 people
    2006
    $ 29M
    $ 3,144.74
    $ 2,988.56
    $ 28M
    -9.045 %
    0 %
    0 %
    0 %
    9,000 people
    2007
    $ 23M
    $ 2,509.32
    $ 2,959.23
    $ 27M
    -4.509 %
    0 %
    0 %
    0 %
    9,000 people
    2008
    $ 37M
    $ 3,982.19
    $ 5,245.15
    $ 49M
    76.864 %
    53.407 %
    0 %
    0 %
    9,000 people
    2009
    $ 44M
    $ 4,630.94
    $ 4,896.16
    $ 47M
    -5.652 %
    64.134 %
    0 %
    0 %
    10,000 people
    2010
    $ 48M
    $ 4,813.33
    $ 4,770.26
    $ 47M
    -0.16 %
    47.865 %
    0 %
    0 %
    10,000 people
    2011
    $ 66M
    $ 6,521.17
    $ 5,466.68
    $ 55M
    14.395 %
    28.824 %
    0 %
    0 %
    10,000 people
    2012
    $ 101M
    $ 10,005.18
    $ 6,957.48
    $ 70M
    25.279 %
    34.403 %
    0 %
    0 %
    10,000 people
    2013
    $ 94M
    $ 8,975.70
    $ 7,026.42
    $ 74M
    3.648 %
    51.567 %
    0 %
    0 %
    11,000 people
    2014
    $ 99M
    $ 8,630.43
    $ 7,645.98
    $ 88M
    16.423 %
    29.012 %
    0 %
    0 %
    11,000 people
    2015
    $ 85M
    $ 7,090.71
    $ 7,580.59
    $ 91M
    2.698 %
    -19.63 %
    0 %
    0 %
    12,000 people
    2016
    $ 97M
    $ 7,825.37
    $ 7,681.72
    $ 96M
    4.363 %
    4.194 %
    0 %
    0 %
    12,000 people
    2017
    $ 109M
    $ 8,550.69
    $ 7,178.98
    $ 92M
    -6.011 %
    12.41 %
    0 %
    0 %
    13,000 people
    2018
    $ 131M
    $ 10,582.21
    $ 7,461.97
    $ 92M
    -1.219 %
    7.595 %
    0 %
    0 %
    12,000 people
    2019
    $ 125M
    $ 10,567.41
    $ 8,619.52
    $ 102M
    8.487 %
    4.6 %
    0 %
    0 %
    12,000 people
    2020
    $ 125M
    $ 10,346.10
    $ 8,735.84
    $ 105M
    1.982 %
    2.527 %
    0 %
    0 %
    12,000 people
    2021
    $ 176M
    $ 14,303.43
    $ 9,607.12
    $ 118M
    7.207 %
    3.797 %
    0 %
    0 %
    12,000 people
    2022
    $ 154M
    $ 12,268.58
    $ 10,372.95
    $ 130M
    2.841 %
    -0.541 %
    0 %
    0 %
    13,000 people
    2023
    $ 154M
    $ 12,037.89
    $ 10,607.73
    $ 136M
    0.596 %
    3.449 %
    0 %
    0 %
    13,000 people