Nauru: Merchandise trade (% of GDP)
In , Nauru's Merchandise trade (% of GDP) was 59.66.
That's down 16.3% from 2023, the highest value since .
The global average for this indicator in 2024 was 64.89 . Nauru ranks #87 globally out of 197 reporting countries. Within East Asia & Pacific, it ranks #15 of 32.
Source: World Bank Open Data (TG.VAL.TOTL.GD.ZS) • Data as of 2024
Trend (2014–2024)
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 137.17
- Trough
- 42.75
- 1-year change
- -16.3%
- 5-year change
- -36.7%
- -8.7% / yr
- 10-year change
- -56.5%
- -8.0% / yr
Historical Data — Last 10 Years
| Year | Merchandise trade (% of GDP) |
|---|---|
| 59.6598 | |
| 71.3174 | |
| 85.9730 | |
| 72.4099 | |
| 56.9432 | |
| 94.2792 | |
| 42.7495 | |
| 53.0380 | |
| 70.7388 | |
| 120.1931 |
About Merchandise trade (% of GDP)
General merchandise trade includes goods whose economic ownership is changed between a resident and a non-resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e. It is the total of merchandise exports plus merchandise imports. 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.
Indicator code: TG.VAL.TOTL.GD.ZS • Category: Trade & Finance
Frequently asked questions
- What was Nauru's Merchandise trade (% of GDP) in 2024?
- In 2024, Nauru's Merchandise trade (% of GDP) was 59.66, according to World Bank Open Data.
- Is Nauru's Merchandise trade (% of GDP) rising or falling?
- Nauru's Merchandise trade (% of GDP) fell 16.3% from 2023 to 2024.
- How does Nauru rank globally on Merchandise trade (% of GDP)?
- In 2024, Nauru ranked #87 out of 197 countries reporting Merchandise trade (% of GDP).
- How does Nauru's Merchandise trade (% of GDP) compare to the world average?
- The global average for Merchandise trade (% of GDP) in 2024 was 64.89, so Nauru is below the world average. Within East Asia & Pacific, it ranks #15 of 32.
- What is Merchandise trade (% of GDP) and how is it measured?
- General merchandise trade includes goods whose economic ownership is changed between a resident and a non-resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e. It is the total of merchandise exports plus merchandise imports. 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.
Source: World Bank Open Data (TG.VAL.TOTL.GD.ZS), CC BY 4.0.