Nauru has a GDP of $160M compared to $34.9B for North Korea, ranking 195/197 and 106/197 by economy size, respectively.
The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.
| Year | GDP | |||
|---|---|---|---|---|
|
|
|
|||
| Current $ | Constant $ | Current $ | Constant $ | |
| 1970 | $17,570,366 | $265,597,277 | - | - |
| 1971 | $19,009,433 | $273,295,314 | - | - |
| 1972 | $21,734,269 | $281,216,471 | - | - |
| 1973 | $26,529,817 | $289,367,215 | - | - |
| 1974 | $35,994,511 | $297,754,198 | - | - |
| 1975 | $40,106,776 | $306,384,268 | - | - |
| 1976 | $40,287,427 | $297,754,198 | - | - |
| 1977 | $40,444,702 | $289,367,215 | - | - |
| 1978 | $41,754,147 | $281,216,471 | - | - |
| 1979 | $44,431,330 | $273,295,314 | - | - |
| 1980 | $46,947,124 | $265,597,277 | - | - |
| 1981 | $51,689,637 | $258,116,073 | - | - |
| 1982 | $52,877,742 | $250,845,596 | - | - |
| 1983 | $48,439,093 | $243,779,910 | - | - |
| 1984 | $47,363,231 | $236,913,245 | - | - |
| 1985 | $41,548,741 | $230,239,999 | - | - |
| 1986 | $39,939,391 | $223,754,720 | - | - |
| 1987 | $40,118,410 | $217,452,114 | - | - |
| 1988 | $45,931,134 | $211,327,039 | - | - |
| 1989 | $53,736,786 | $205,374,490 | - | - |
| 1990 | $55,572,376 | $199,589,610 | - | - |
| 1991 | $52,533,789 | $161,680,011 | - | - |
| 1992 | $51,133,123 | $135,390,360 | - | - |
| 1993 | $43,542,088 | $113,568,991 | - | - |
| 1994 | $39,742,511 | $109,178,266 | - | - |
| 1995 | $39,969,706 | $100,527,536 | - | - |
| 1996 | $37,458,801 | $88,605,472 | - | - |
| 1997 | $37,331,507 | $80,672,081 | - | - |
| 1998 | $29,664,451 | $71,162,476 | - | - |
| 1999 | $27,328,613 | $66,488,375 | - | - |
| 2000 | $26,930,980 | $61,929,804 | - | - |
| 2001 | $22,613,288 | $57,742,675 | - | - |
| 2002 | $21,017,424 | $51,984,931 | - | - |
| 2003 | $24,778,160 | $52,132,910 | - | - |
| 2004 | $30,587,566 | $49,883,465 | - | - |
| 2005 | $30,282,840 | $49,706,055 | - | - |
| 2006 | $29,183,627 | $53,845,954 | - | - |
| 2007 | $23,068,623 | $41,900,065 | - | - |
| 2008 | $37,184,925 | $50,439,678 | - | - |
| 2009 | $44,024,970 | $47,588,861 | $23,356,470,000 | - |
| 2010 | $47,442,299 | $47,512,730 | $25,995,513,000 | - |
| 2011 | $65,444,174 | $54,352,013 | $29,005,020,000 | - |
| 2012 | $100,794,925 | $68,091,833 | $29,890,710,000 | - |
| 2013 | $94,385,015 | $70,575,646 | $30,588,922,000 | - |
| 2014 | $98,752,257 | $82,166,522 | $30,554,460,000 | - |
| 2015 | $84,383,389 | $84,383,389 | $30,723,030,000 | - |
| 2016 | $97,276,023 | $88,065,239 | $28,882,640,000 | - |
| 2017 | $108,862,279 | $82,771,435 | $29,105,440,000 | - |
| 2018 | $130,937,590 | $81,762,350 | $28,536,400,000 | - |
| 2019 | $124,871,111 | $88,701,305 | $28,222,880,000 | - |
| 2020 | $124,530,027 | $90,459,205 | $27,728,240,000 | - |
| 2021 | $175,513,985 | $96,978,233 | $32,301,720,000 | - |
| 2022 | $152,190,819 | $99,840,564 | $28,971,360,000 | - |
| 2023 | $151,455,968 | $100,485,943 | $32,155,360,000 | - |
| 2024 | $160,350,640 | $102,254,749 | $34,943,120,000 | - |
Economic indicators
|
|
|
|
|---|---|---|
| Gross domestic product |
$160M
2024 |
$34.9B
2024 |
| GDP rank |
195/197
2024 |
106/197
2024 |
| GDP growth |
5.87%
2023-2024 |
8.67%
2023-2024 |
| GDP per capita |
$13,422
2024 |
$1,319
2024 |
| GDP per capita rank |
75/197
2024 |
168/197
2024 |
| GDP per capita, PPP |
$14,327
2024 |
$1,700
2015 |
| Government debt |
$28.2M
2024 |
n/a |
| Debt-to-GDP ratio |
15.2%
2025 |
n/a |
| Government debt per person |
$2,360
2024 |
n/a |
| Government debt per person rank |
114/185
2024 |
n/a |
| Average annual personal income after taxes |
$8,196
2025 |
$1,642
2025 |
| Income share by richest 10% |
25.3%
2012 |
n/a |
| Income share by poorest 10% |
3.4%
2012 |
n/a |
| Government expenditure, % of GDP |
135%
2025 |
n/a |
| Consumer prices inflation |
6.1%
2024-2025 |
n/a |
| Unemployment rate |
5.06%
2021 |
25.6%
2013 |
| Population |
12088
|
26621357
|
GDP per capita in Nauru vs North Korea
Nauru's GDP per capita is $13,422, ranking 75/197, compared to $1,319 in North Korea, ranking 168/197. Adjusted for purchasing power (GDP per capita PPP), Nauru ranks 118th at $14,327, while North Korea ranks 192nd at $1,700.
| Year | Current $ | |||
|---|---|---|---|---|
|
|
|
|||
| GDP per capita | GDP per capita, PPP | GDP per capita | GDP per capita, PPP | |
| 1970 | $2,619 | - | - | - |
| 1971 | $2,811 | - | - | - |
| 1972 | $3,191 | - | - | - |
| 1973 | $3,864 | - | - | - |
| 1974 | $5,199 | - | - | - |
| 1975 | $5,740 | - | - | - |
| 1976 | $5,703 | - | - | - |
| 1977 | $5,646 | - | - | - |
| 1978 | $5,721 | - | - | - |
| 1979 | $5,950 | - | - | - |
| 1980 | $6,138 | - | - | - |
| 1981 | $6,594 | - | - | - |
| 1982 | $6,577 | - | - | - |
| 1983 | $5,896 | - | - | - |
| 1984 | $5,654 | - | - | - |
| 1985 | $4,859 | - | - | - |
| 1986 | $4,569 | - | - | - |
| 1987 | $4,485 | - | - | - |
| 1988 | $5,012 | - | - | - |
| 1989 | $5,723 | - | - | - |
| 1990 | $5,776 | $16,443 | - | - |
| 1991 | $5,333 | $13,451 | - | - |
| 1992 | $5,103 | $11,324 | - | - |
| 1993 | $4,310 | $9,646 | - | - |
| 1994 | $3,921 | $9,439 | - | - |
| 1995 | $3,932 | $8,849 | - | - |
| 1996 | $3,679 | $7,928 | - | - |
| 1997 | $3,661 | $7,332 | - | - |
| 1998 | $2,909 | $6,540 | - | - |
| 1999 | $2,683 | $6,204 | - | $1,000 |
| 2000 | $2,649 | $5,920 | - | $1,000 |
| 2001 | $2,232 | $5,666 | - | - |
| 2002 | $2,085 | $5,205 | - | $1,000 |
| 2003 | $2,463 | $5,335 | - | $1,300 |
| 2004 | $3,041 | $5,241 | - | $1,700 |
| 2005 | $3,014 | $5,392 | - | $1,700 |
| 2006 | $2,908 | $6,030 | - | $1,800 |
| 2007 | $2,302 | $4,826 | - | $1,700 |
| 2008 | $3,715 | $5,928 | - | $1,800 |
| 2009 | $4,395 | $5,624 | $939 | $1,800 |
| 2010 | $4,724 | $5,668 | $1,040 | - |
| 2011 | $6,481 | $6,582 | $1,156 | $1,800 |
| 2012 | $9,817 | $8,261 | $1,186 | - |
| 2013 | $8,975 | $8,501 | $1,208 | - |
| 2014 | $9,193 | $9,858 | $1,201 | $1,800 |
| 2015 | $7,703 | $10,020 | $1,201 | $1,700 |
| 2016 | $8,724 | $10,371 | $1,124 | - |
| 2017 | $9,613 | $9,770 | $1,127 | - |
| 2018 | $11,409 | $9,740 | $1,100 | - |
| 2019 | $10,777 | $10,640 | $1,084 | - |
| 2020 | $10,696 | $10,942 | $1,061 | - |
| 2021 | $14,990 | $12,197 | $1,231 | - |
| 2022 | $12,896 | $13,347 | $1,100 | - |
| 2023 | $12,754 | $13,830 | $1,217 | - |
| 2024 | $13,422 | $14,327 | $1,319 | - |
Balance of trade
|
|
|
|
|---|---|---|
|
Current account balance
|
$1.92M
2023 |
n/a |
| Current account balance ranking |
74/189
2023 |
n/a |
| Current account balance, % of GDP |
+1.27%
2023 |
n/a |
| Goods imports |
$89M
2023 |
n/a |
| Goods exports |
$31.8M
2023 |
n/a |
| Service imports |
$61.2M
2023 |
n/a |
| Service exports |
$33.1M
2023 |
n/a |
| Imports of goods and services, % of GDP |
118.7%
2024 |
n/a |
| Exports of goods and services, % of GDP |
39.5%
2024 |
n/a |
Economic freedom indices
The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.
|
|
|
|
|---|---|---|
| Economic freedom | 60 | 3 |
| Economic freedom ranking | 96/197 | 197/197 |
| Property rights | n/a | 15.7 |
| Government integrity | n/a | 4 |
| Judicial effectiveness | n/a | 5.9 |
| Tax burden | n/a | 0 |
| Government spending | n/a | 0 |
| Fiscal health | n/a | 0 |
| Business freedom | n/a | 5 |
| Labor freedom | n/a | 5 |
| Monetary freedom | n/a | 0 |
| Trade freedom | n/a | 0 |
| Investment freedom | n/a | 0 |
| Financial freedom | n/a | 0 |
More economic indicators
|
|
|
|
|---|---|---|
|
GNI, Atlas method
|
$254M
2024 |
n/a |
| GNI per capita, PPP |
$23,210
2024 |
n/a |
|
Net foreign direct investment
|
$3.11M
2023 |
n/a |
|
Net inflows of foreign direct investment
|
-$280K
2024 |
$203K
1989 |
|
Net outflows of foreign direct investment
|
$6.17M
2024 |
n/a |
GDP per capita map
GDP per capita
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Economy comparisons
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.