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Economy of Germany vs Nauru compared: GDP & Debt

Updated on by Georank team

Germany has a GDP of $4.69T compared to $163M for Nauru, ranking 3/197 and 195/197 by economy size, respectively.

Germany has $2.97T in government debt (63.5% of GDP), compared to $28.3M (17.4% of GDP) in Nauru.

Germany vs Nauru GDP by year

Germany
Nauru
1x
Year GDP, current $
Germany Nauru
2024 $4,685,592,577,805 $162,588,621
2023 $4,562,207,532,490 $151,435,610
2022 $4,201,021,706,479 $152,373,434
2021 $4,355,251,953,411 $175,390,281
2020 $3,941,398,957,074 $124,685,688
2019 $3,959,894,794,039 $125,160,116
2018 $4,055,433,215,302 $130,995,566
2017 $3,765,351,626,106 $109,355,639
2016 $3,536,787,895,179 $97,541,943
2015 $3,425,099,578,746 $84,863,441
2014 $3,964,870,735,761 $99,149,244
2013 $3,807,023,797,051 $94,385,015
2012 $3,596,483,233,406 $101,055,723
2011 $3,823,575,803,794 $65,071,880
2010 $3,467,093,769,667 $47,562,845
2009 $3,478,545,516,684 $44,176,246
2008 $3,808,197,720,125 $37,602,265
2007 $3,484,056,680,855 $22,766,972
2006 $3,046,308,753,671 $29,200,359
2005 $2,893,393,187,362 $30,070,666
2004 $2,852,317,768,062 $30,587,566
2003 $2,534,715,518,349 $24,778,160
2002 $2,102,350,798,306 $21,017,424
2001 $1,966,381,496,642 $22,613,288
2000 $1,966,980,701,145 $26,930,980
1999 $2,213,873,468,587 $27,328,613
1998 $2,247,760,364,566 $29,664,451
1997 $2,218,790,886,533 $37,331,507
1996 $2,506,576,553,158 $37,458,801
1995 $2,593,053,091,306 $39,969,706
1994 $2,215,282,632,277 $39,742,511
1993 $2,078,954,217,438 $43,542,088
1992 $2,141,377,582,968 $51,133,123
1991 $1,875,792,575,133 $52,533,789
1990 $1,778,162,195,860 $55,572,376
1989 $1,404,092,925,205 $53,736,786
1988 $1,406,367,016,372 $45,931,134
1987 $1,302,932,318,825 $40,118,410
1986 $1,050,092,624,516 $39,939,391
1985 $735,218,723,093 $41,548,741
1984 $727,767,760,979 $47,363,231
1983 $773,507,930,295 $48,439,093
1982 $779,421,633,755 $52,877,742
1981 $803,404,797,058 $51,689,637
1980 $953,772,499,462 $46,947,124
1979 $884,574,218,333 $44,431,330
1978 $743,182,891,918 $41,754,147
1977 $602,698,323,086 $40,444,702
1976 $521,658,712,133 $40,287,427
1975 $492,434,094,920 $40,106,776
1974 $446,934,971,657 $35,994,511
1973 $399,833,571,167 $26,529,817
1972 $300,899,944,795 $21,734,269
1971 $250,900,942,397 $19,009,433
1970 $216,629,229,947 $17,570,366
1969 $177,733,486,326 -
1968 $156,527,292,653 -
1967 $145,100,667,773 -
1966 $143,304,275,684 -
1965 $134,774,688,191 -
1964 $123,330,404,665 -
1963 $112,232,503,744 -
1962 $105,895,435,234 -
1961 $96,558,204,043 -
1960 $84,619,845,881 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/germany/nauru | CC BY

GDP per capita in Germany vs Nauru by year

Germany
GDP per capita

GDP per capita, PPP
Nauru
GDP per capita

GDP per capita, PPP
1x
Year Current $
Germany Nauru
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $56,104 $73,552 $13,609 $14,173
2023 $54,777 $71,684 $12,752 $13,732
2022 $50,507 $69,049 $12,912 $13,245
2021 $52,349 $62,531 $14,979 $12,112
2020 $47,395 $58,686 $10,709 $10,811
2019 $47,656 $59,271 $10,802 $10,555
2018 $48,916 $56,273 $11,414 $9,657
2017 $45,554 $54,110 $9,657 $9,650
2016 $42,949 $51,570 $8,748 $10,281
2015 $41,930 $48,545 $7,747 $9,955
2014 $48,960 $47,939 $9,230 $9,726
2013 $47,207 $45,889 $8,975 $8,429
2012 $44,718 $44,229 $9,843 $8,153
2011 $47,631 $43,398 $6,444 $6,544
2010 $42,397 $39,726 $4,736 $5,620
2009 $42,472 $37,574 $4,411 $5,568
2008 $46,379 $38,444 $3,757 $5,863
2007 $42,351 $36,914 $2,272 $4,789
2006 $36,980 $34,741 $2,910 $5,975
2005 $35,084 $32,314 $2,992 $5,336
2004 $34,567 $31,753 $3,041 $5,169
2003 $30,711 $30,301 $2,463 $5,261
2002 $25,487 $29,514 $2,085 $5,132
2001 $23,878 $28,674 $2,232 $5,587
2000 $23,926 $27,474 $2,649 $5,838
1999 $26,965 $26,518 $2,683 $6,118
1998 $27,396 $25,446 $2,909 $6,450
1997 $27,047 $24,649 $3,661 $7,231
1996 $30,600 $24,169 $3,679 $7,818
1995 $31,747 $23,631 $3,932 $8,726
1994 $27,202 $22,869 $3,921 $9,308
1993 $25,617 $21,900 $4,310 $9,513
1992 $26,560 $21,746 $5,103 $11,167
1991 $23,443 $21,001 $5,333 $13,265
1990 $22,386 $19,468 $5,776 $16,215
1989 $17,829 - $5,723 -
1988 $17,997 - $5,012 -
1987 $16,739 - $4,485 -
1986 $13,511 - $4,569 -
1985 $9,464 - $4,859 -
1984 $9,347 - $5,654 -
1983 $9,900 - $5,896 -
1982 $9,950 - $6,577 -
1981 $10,246 - $6,594 -
1980 $12,183 - $6,138 -
1979 $11,322 - $5,950 -
1978 $9,517 - $5,721 -
1977 $7,711 - $5,646 -
1976 $6,659 - $5,703 -
1975 $6,259 - $5,740 -
1974 $5,660 - $5,199 -
1973 $5,065 - $3,864 -
1972 $3,824 - $3,191 -
1971 $3,204 - $2,811 -
1970 $2,771 - $2,619 -
1969 $2,281 - - -
1968 $2,025 - - -
1967 $1,886 - - -
1966 $1,871 - - -
1965 $1,774 - - -
1964 $1,637 - - -
1963 $1,502 - - -
1962 $1,431 - - -
1961 $1,316 - - -
1960 $1,162 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/germany/nauru | CC BY

Germany's GDP per capita is $56,104, ranking 19/197, compared to $13,609 in Nauru, ranking 74/197. Adjusted for purchasing power (GDP per capita PPP), Germany ranks 20th at $73,552, while Nauru ranks 119th at $14,173.

Economic indicators

Germany Nauru
Gross domestic product
$4.69T
2024
$163M
2024
GDP rank
3/197
2024
195/197
2024
GDP growth
-0.5%
2023-2024
1.39%
2023-2024
GDP per capita
$56,104
2024
$13,609
2024
GDP per capita rank
19/197
2024
74/197
2024
GDP per capita, PPP
$73,552
2024
$14,173
2024
GDP per capita PPP rank
20/197
2024
119/197
2024
Government debt
$2.97T
2024
$28.3M
2024
Debt-to-GDP ratio
63.5%
2024
17.4%
2024
Government debt per person
$35,606
2024
$2,367
2024
Government debt per person rank
21/185
2024
113/185
2024
Average annual personal income after taxes
$41,775
2026
$8,783
2026
Market capitalization of domestic companies
$2.04T
2024
n/a
Number of millionaires
2,675,000
2025
n/a
Number of billionaires
171
2025
n/a
Income share by richest 10%
25%
2020
25.3%
2012
Income share by poorest 10%
2.9%
2020
3.4%
2012
Government expenditure, % of GDP
49.4%
2024
122.1%
2024
Consumer prices inflation
2.26%
2023-2024
9.3%
2023-2024
Unemployment rate
3.37%
2024
5.06%
2021
Population
82575542
12125

Spending and national debt comparison by year

Germany
Spending

Debt
Nauru
Spending

Debt
1x
Year % of GDP
Germany Nauru
Government spending Government debt Government spending Government debt
2024 49.4% 63.5% 122.1% 17.4%
2023 48.1% 62.4% 118.1% 20.5%
2022 48.6% 64.4% 134.8% 22.4%
2021 50.7% 68% 93% 20.5%
2020 51.1% 68% 109.4% 56.3%
2019 45.5% 58.7% 106% 59.6%
2018 44.7% 60.8% 90.8% 71.1%
2017 44.5% 64% 102.3% 78%
2016 44.7% 68.3% 96% 86.3%
2015 44.5% 71.2% 85.4% 113%
2014 44.5% 74.5% 61.3% 147.7%
2013 45.2% 77.5% 66% 166.9%
2012 45.1% 79.8% 46% 157.3%
2011 45.3% 78.5% 44.7% 236.8%
2010 48.1% 81% 73.8% 298.9%
2009 48.3% 72.4% 68% 295.6%
2008 44.4% 65.2% - -
2007 43.5% 63.7% - -
2006 45.3% 66.4% - -
2005 46.9% 67.1% - -
2004 47% 65% - -
2003 48.5% 63.3% - -
2002 48.2% 59.8% - -
2001 47.7% 58.1% - -
2000 48.1% 59.2% - -
1999 48.5% 60.3% - -
1998 48.3% 59.4% - -
1997 48.8% 58.8% - -
1996 49.6% 57.7% - -
1995 55.2% 54.9% - -
1994 48.3% 47.5% - -
1993 48.3% 45.1% - -
1992 47.4% 41.4% - -
1991 46.5% 39% - -
1990 44.7% 40.7% - -
1989 44.3% 39.2% - -
1988 45.6% 40.5% - -
1987 46% 40.1% - -
1986 45.7% 39.1% - -
1985 46.6% 39.2% - -
1984 47.2% 38.7% - -
1983 47.9% 38% - -
1982 49.1% 36.4% - -
1981 49% 33.6% - -
1980 48.2% 30.1% - -
1979 47.4% 28.2% - -
1978 47.7% 27.4% - -
1977 49% 26% - -
1976 49.4% 25.1% - -
1975 50.3% 23.7% - -
1974 46% 18.5% - -
1973 42.4% 17.3% - -
1972 41.8% 18% - -
1971 40.9% 17.7% - -
1970 39.5% 17.7% - -
1969 29.7% 20.3% - -
1968 28.5% 22.5% - -
1967 28.8% 22.5% - -
1966 28.3% 19.8% - -
1965 28.4% 18.7% - -
1964 29% 18.2% - -
1963 29.1% 18.1% - -
1962 29.2% 17.6% - -
1961 28.8% 18.7% - -
1960 22.9% 18.4% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1990, retrieved 2026-02-20).

GeoRank.org/economy/germany/nauru | CC BY

In 2024, Germany's government spending was $2.32T, accounting for 49.4% of its GDP, while Nauru spent $199M, or 122.1% of GDP.

Debt-to-GDP ratio is 63.5% in Germany and 17.4% in Nauru, ranking 72/185 and 176/185, respectively.

Government deficit by year

Deficit/surplus
Germany

Nauru
1x
Year Deficit/surplus, % of GDP
Germany Nauru
2024 -2.66% 29.8%
2023 -2.49% 19.4%
2022 -1.91% 24.3%
2021 -3.17% 44.5%
2020 -4.38% 42.8%
2019 1.33% 31%
2018 1.88% 29.6%
2017 1.34% 16.2%
2016 1.13% 18.9%
2015 0.91% 10.7%
2014 0.73% 29.6%
2013 0.12% 1.71%
2012 -0.05% 8.12%
2011 -0.84% 2.73%
2010 -4.42% 0.09%
2009 -3.18% 0.37%
2008 -0.26% -
2007 0.15% -
2006 -1.76% -
2005 -3.37% -
2004 -3.42% -
2003 -3.83% -
2002 -4.09% -
2001 -3.12% -
2000 -1.71% -
1999 -1.87% -
1998 -2.65% -
1997 -3.03% -
1996 -3.64% -
1995 -9.44% -
1994 -2.54% -
1993 -3.11% -
1992 -2.63% -
1991 -3.21% -
1990 -1.94% -
1989 0.08% -
1988 -2.02% -
1987 -1.85% -
1986 -1.18% -
1985 -1.18% -
1984 -2.04% -
1983 -2.95% -
1982 -3.56% -
1981 -4.03% -
1980 -3.02% -
1979 -2.71% -
1978 -2.62% -
1977 -2.56% -
1976 -3.5% -
1975 -5.78% -
1974 -1.69% -
1973 1.14% -
1972 -0.37% -
1971 0.16% -
1970 0.53% -
1969 -0.43% -
1968 1.39% -
1967 2.73% -
1966 1.76% -
1965 2.26% -
1964 1.49% -
1963 1.43% -
1962 0.49% -
1961 -0.12% -
1960 -0.34% -
1959 0.77% -
1958 1.77% -
1957 1.99% -
1956 0.59% -
1955 -1.41% -
1954 -0.37% -
1953 -0.13% -
1952 0% -
1951 1.15% -
1950 1.81% -
1949 - -
1948 - -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - -
1938 - -
1937 - -
1936 - -
1935 - -
1934 -0.64% -
1933 -0.43% -
1932 -1.11% -
1931 -1.03% -
1930 -1.52% -
1929 -0.9% -
1928 -1.47% -
1927 -0.44% -
1926 -1.3% -
1925 0.34% -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 0.007% -
1912 -0.26% -
1911 0.06% -
1910 -0.21% -
1909 0.11% -
1908 -0.11% -
1907 -0.14% -
1906 0.76% -
1905 1.21% -
1904 0.41% -
1903 0.88% -
1902 0.08% -
1901 0.91% -
1900 0.27% -
1899 0.6% -
1898 0.47% -
1897 0.39% -
1896 0.63% -
1895 0.47% -
1894 0.44% -
1893 0.42% -
1892 -0.24% -
1891 1.18% -
1890 0.12% -
1889 1.16% -
1888 0.62% -
1887 0.88% -
1886 0.23% -
1885 0.21% -
1884 0.23% -
1883 0.55% -
1882 0.41% -
1881 0.12% -
1880 -0.13% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1990, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20).

GeoRank.org/economy/germany/nauru | CC BY

In 2024, Germany's government deficit, the difference between spending and revenue, was $125B, equivalent to 2.66% of GDP. This compares to Nauru's surplus of $48.4M, or 29.8% of GDP.

Over the past 16 years, Germany recorded a fiscal deficit in 9 of those years, while Nauru ran a deficit in 0 years. On average, Germany posted an annual deficit equal to 0.98% of GDP, compared to surplus of 19.4% of GDP for Nauru.

Inflation comparison by year

Inflation
Germany

Nauru
1x
Year Consumer prices inflation
Germany Nauru
2024 2.26% 9.3%
2023 5.95% 4.8%
2022 6.87% 1.1%
2021 3.07% 2%
2020 0.14% 0.9%
2019 1.45% 4.1%
2018 1.73% 1.1%
2017 1.51% 4.5%
2016 0.49% 8.1%
2015 0.51% 9.8%
2014 0.91% 0.3%
2013 1.5% -1.1%
2012 2.01% 0.3%
2011 2.08% -3.4%
2010 1.1% -2%
2009 0.31% 22.4%
2008 2.63% 1%
2007 2.3% 5.6%
2006 1.58% 19.3%
2005 1.55% 8.7%
2004 1.67% -
2003 1.03% -
2002 1.42% -
2001 1.98% -
2000 1.44% -
1999 0.59% -
1998 0.91% -
1997 1.94% -

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06); International Monetary Fund (IMF) | World Economic Outlook (2005–2024, retrieved 2026-02-20).

GeoRank.org/economy/germany/nauru | CC BY

Over the past 20 years, Germany has recorded an average annual inflation rate of 2%, compared with 4.84% in Nauru. In 2024, inflation was 2.26% in Germany and 9.3% in Nauru.

Top exports between countries

Germany
Export category Export value
Chemicals & pharma $201K
Machinery & equipment $41K
Textiles & consumer goods $7K
Nauru
Export category Export value

Balance of trade

Germany Nauru
Current account balance
$270B
2024
$9.73M
2024
Current account balance ranking
2/190
2024
75/190
2024
Current account balance, % of GDP
+5.77%
2024
+5.98%
2024
Goods imports
$1.21T
2024
$92.7M
2024
Goods exports
$1.47T
2024
$25.5M
2024
Service imports
$548B
2024
$88.2M
2024
Service exports
$470B
2024
$64.6M
2024
Imports of goods and services, % of GDP
37.7%
2024
110.5%
2024
Exports of goods and services, % of GDP
41.4%
2024
55.3%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Germany Nauru
Economic freedom 71.7 60
Economic freedom ranking 30/197 97/197
Property rights 95.5 n/a
Government integrity 84.5 n/a
Judicial effectiveness 94.6 n/a
Tax burden 60.5 n/a
Government spending 28.8 n/a
Fiscal health 83.1 n/a
Business freedom 79.8 n/a
Labor freedom 52.2 n/a
Monetary freedom 72.5 n/a
Trade freedom 79.4 n/a
Investment freedom 60 n/a
Financial freedom 70 n/a

Other economic metrics

Germany Nauru
Services, % of GDP
64%
2024
n/a
Industry, % of GDP
25.6%
2024
n/a
Agriculture, forestry, and fishing, % of GDP
0.91%
2024
n/a
GNI, Atlas method
$4.6T
2024
$244M
2024
GNI per capita, PPP
$76,180
2024
$21,970
2024
Total reserves including gold
$378B
2024
n/a
Total reserves ranking
10/177
2024
n/a
Net foreign direct investment
$32.6B
2024
$4.51M
2024
Net inflows of foreign direct investment
$47.6B
2024
-$5.85M
2024
Net outflows of foreign direct investment
$80.2B
2024
-$1.34M
2024
Poverty at national poverty lines
14.8%
2021
n/a
Gross capital formation, % of GDP
21.5%
2024
n/a

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/germany/nauru | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1990, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  6. TradeMap (2023–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.