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Economy of Nauru vs Qatar compared: GDP & Debt

Updated on by Georank team

Nauru has a GDP of $160M compared to $218B for Qatar, ranking 195/197 and 56/197 by economy size, respectively.

Nauru has $28.2M in government debt (15.2% of GDP), compared to $89B (40.5% of GDP) in Qatar.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Nauru
GDP, current $

GDP, constant 2015 $
Qatar
GDP, current $

GDP, constant 2015 $
Year GDP
Nauru Qatar
Current $ Constant $ Current $ Constant $
1970 $17,570,366 $265,597,277 $301,791,302 $8,816,161,355
1971 $19,009,433 $273,295,314 $387,703,106 $9,698,469,706
1972 $21,734,269 $281,216,471 $510,262,500 $10,773,000,939
1973 $26,529,817 $289,367,215 $793,885,560 $11,934,857,801
1974 $35,994,511 $297,754,198 $2,401,403,227 $12,643,579,838
1975 $40,106,776 $306,384,268 $2,512,773,166 $13,386,912,643
1976 $40,287,427 $297,754,198 $3,284,273,987 $14,504,574,217
1977 $40,444,702 $289,367,215 $3,617,564,638 $13,444,952,239
1978 $41,754,147 $281,216,471 $4,052,000,413 $14,636,627,610
1979 $44,431,330 $273,295,314 $5,632,962,997 $15,401,791,822
1980 $46,947,124 $265,597,277 $7,829,165,262 $15,245,244,656
1981 $51,689,637 $258,116,073 $8,661,263,764 $15,382,600,057
1982 $52,877,742 $250,845,596 $7,596,703,214 $14,325,124,118
1983 $48,439,093 $243,779,910 $6,467,582,308 $14,063,666,907
1984 $47,363,231 $236,913,245 $6,704,395,824 $14,718,715,618
1985 $41,548,741 $230,239,999 $6,153,296,456 $14,406,653,786
1986 $39,939,391 $223,754,720 $5,053,021,951 $15,175,362,083
1987 $40,118,410 $217,452,114 $5,446,428,681 $15,182,189,691
1988 $45,931,134 $211,327,039 $6,038,187,033 $16,078,614,414
1989 $53,736,786 $205,374,490 $6,487,912,088 $17,079,059,748
1990 $55,572,376 $199,589,610 $7,360,439,423 $17,662,217,767
1991 $52,533,789 $161,680,011 $6,883,516,484 $17,368,630,639
1992 $51,133,123 $135,390,360 $7,646,153,984 $19,336,588,147
1993 $43,542,088 $113,568,991 $7,156,593,654 $19,080,352,035
1994 $39,742,511 $109,178,266 $7,374,450,769 $19,351,046,596
1995 $39,969,706 $100,527,536 $8,137,911,978 $19,815,323,915
1996 $37,458,801 $88,605,472 $9,059,340,385 $20,682,028,462
1997 $37,331,507 $80,672,081 $11,297,802,115 $26,889,127,081
1998 $29,664,451 $71,162,476 $10,255,495,027 $29,905,724,793
1999 $27,328,613 $66,488,375 $12,393,131,868 $31,186,905,301
2000 $26,930,980 $61,929,804 $17,759,890,110 $33,690,629,183
2001 $22,613,288 $57,742,675 $17,538,461,538 $35,003,952,797
2002 $21,017,424 $51,984,931 $19,363,736,264 $37,517,989,781
2003 $24,778,160 $52,132,910 $23,533,791,209 $38,913,643,497
2004 $30,587,566 $49,883,465 $31,734,065,934 $46,392,423,696
2005 $30,282,840 $49,706,055 $44,530,494,505 $49,868,495,958
2006 $29,183,627 $53,845,954 $60,882,142,857 $62,919,203,862
2007 $23,068,623 $41,900,065 $79,712,087,912 $74,235,635,940
2008 $37,184,925 $50,439,678 $115,270,054,945 $87,348,289,336
2009 $44,024,970 $47,588,861 $97,798,351,648 $97,792,140,945
2010 $47,442,299 $47,512,730 $125,122,306,346 $116,951,901,413
2011 $65,444,174 $54,352,013 $167,775,268,626 $132,594,424,543
2012 $100,794,925 $68,091,833 $186,833,502,363 $138,866,156,528
2013 $94,385,015 $70,575,646 $198,727,642,967 $146,581,616,624
2014 $98,752,257 $82,166,522 $206,224,598,571 $154,400,753,941
2015 $84,383,389 $84,383,389 $161,739,955,577 $161,739,955,577
2016 $97,276,023 $88,065,239 $151,732,181,868 $166,695,978,169
2017 $108,862,279 $82,771,435 $161,099,122,225 $164,199,531,362
2018 $130,937,590 $81,762,350 $183,334,953,819 $166,227,185,730
2019 $124,871,111 $88,701,305 $176,371,267,692 $167,371,229,300
2020 $124,530,027 $90,459,205 $144,411,363,352 $161,416,823,769
2021 $175,513,985 $96,978,233 $179,732,009,560 $164,042,828,071
2022 $152,190,819 $99,840,564 $235,709,325,714 $170,908,036,354
2023 $151,455,968 $100,485,943 $213,002,809,341 $172,936,988,055
2024 $160,350,640 $102,254,749 $217,982,967,033 $177,724,600,424

Economic indicators

Nauru Qatar
Gross domestic product
$160M
2024
$218B
2024
GDP rank
195/197
2024
56/197
2024
GDP growth
5.87%
2023-2024
2.34%
2023-2024
GDP per capita
$13,422
2024
$76,276
2024
GDP per capita rank
75/197
2024
11/197
2024
GDP per capita, PPP
$14,327
2024
$126,110
2024
Government debt
$28.2M
2024
$89B
2024
Debt-to-GDP ratio
15.2%
2025
40.5%
2025
Government debt per person
$2,360
2024
$31,151
2024
Government debt per person rank
114/185
2024
23/185
2024
Average annual personal income after taxes
$8,196
2025
$36,023
2025
Market capitalization of domestic companies n/a
$170M
2024
Number of millionaires n/a
26,163
2024
Number of billionaires n/a
2
2025
Income share by richest 10%
25.3%
2012
25.8%
2017
Income share by poorest 10%
3.4%
2012
2.6%
2017
Government expenditure, % of GDP
135%
2025
26.5%
2025
Consumer prices inflation
6.1%
2024-2025
0.1%
2024-2025
Central bank interest rate n/a
4.6%
2025
Unemployment rate
5.06%
2021
0.13%
2022
Population
12088
2964497

GDP per capita in Nauru vs Qatar

Nauru's GDP per capita is $13,422, ranking 75/197, compared to $76,276 in Qatar, ranking 11/197. Adjusted for purchasing power (GDP per capita PPP), Nauru ranks 118th at $14,327, while Qatar ranks 5th at $126,110.

Nauru
GDP per capita

GDP per capita, PPP
Qatar
GDP per capita

GDP per capita, PPP
Year Current $
Nauru Qatar
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1970 $2,619 - $2,594 -
1971 $2,811 - $2,952 -
1972 $3,191 - $3,483 -
1973 $3,864 - $4,905 -
1974 $5,199 - $13,540 -
1975 $5,740 - $13,014 -
1976 $5,703 - $15,710 -
1977 $5,646 - $16,058 -
1978 $5,721 - $16,757 -
1979 $5,950 - $21,777 -
1980 $6,138 - $28,375 -
1981 $6,594 - $29,505 -
1982 $6,577 - $24,385 -
1983 $5,896 - $19,616 -
1984 $5,654 - $19,272 -
1985 $4,859 - $16,815 -
1986 $4,569 - $13,213 -
1987 $4,485 - $13,719 -
1988 $5,012 - $14,682 -
1989 $5,723 - $15,243 -
1990 $5,776 $16,443 $16,722 $55,659
1991 $5,333 $13,451 $15,133 $54,759
1992 $5,103 $11,324 $16,280 $60,387
1993 $4,310 $9,646 $14,770 $59,125
1994 $3,921 $9,439 $14,765 $59,415
1995 $3,932 $8,849 $15,823 $60,321
1996 $3,679 $7,928 $17,125 $62,331
1997 $3,661 $7,332 $20,523 $79,219
1998 $2,909 $6,540 $17,665 $84,486
1999 $2,683 $6,204 $20,234 $84,690
2000 $2,649 $5,920 $27,535 $88,849
2001 $2,232 $5,666 $25,871 $89,805
2002 $2,085 $5,205 $27,227 $93,176
2003 $2,463 $5,335 $31,602 $94,120
2004 $3,041 $5,241 $41,036 $110,958
2005 $3,014 $5,392 $53,950 $115,250
2006 $2,908 $6,030 $62,582 $127,181
2007 $2,302 $4,826 $65,954 $124,056
2008 $3,715 $5,928 $80,781 $126,015
2009 $4,395 $5,624 $60,786 $125,898
2010 $4,724 $5,668 $77,387 $151,646
2011 $6,481 $6,582 $103,262 $174,620
2012 $9,817 $8,261 $108,470 $180,939
2013 $8,975 $8,501 $103,697 $169,203
2014 $9,193 $9,858 $95,841 $148,389
2015 $7,703 $10,020 $68,985 $102,546
2016 $8,724 $10,371 $61,254 $89,935
2017 $9,613 $9,770 $63,280 $99,358
2018 $11,409 $9,740 $71,040 $110,033
2019 $10,777 $10,640 $66,841 $107,502
2020 $10,696 $10,942 $51,684 $82,149
2021 $14,990 $12,197 $71,752 $116,833
2022 $12,896 $13,347 $88,701 $122,920
2023 $12,754 $13,830 $80,196 $128,919
2024 $13,422 $14,327 $76,276 $126,110

Spending and national debt comparison

In 2024, Nauru's government spending was $198M, accounting for 135% of its GDP, while Qatar's spent $56.2B, or 26.5% of GDP.

Debt-to-GDP ratio is 15.2% in Nauru and 40.5% in Qatar, ranking 177/185 and 133/185, respectively.

Nauru
Government spending

Government debt
Qatar
Government spending

Government debt
Year % of GDP
Nauru Qatar
Government spending Government debt Government spending Government debt
1990 - - 50% 12.6%
1991 - - 57.5% 21.8%
1992 - - 54.2% 19.9%
1993 - - 62.8% 46.3%
1994 - - 59.8% 54.8%
1995 - - 52.2% 50.2%
1996 - - 55.2% 57.8%
1997 - - 47.6% 54.4%
1998 - - 55.1% 76.6%
1999 - - 42.4% 81.8%
2000 - - 29.8% 51.6%
2001 - - 32.1% 59.2%
2002 - - 31.6% 47.7%
2003 - - 28.5% 38.8%
2004 - - 29.9% 30.1%
2005 - - 29% 19.1%
2006 - - 29.5% 13.9%
2007 - - 29.5% 9.37%
2008 - - 23.5% 11.4%
2009 68% 246.7% 36.4% 36%
2010 73.8% 242.5% 32% 30.4%
2011 44.7% 188.9% 28.5% 33.5%
2012 46% 123.1% 31% 32.1%
2013 66% 126.9% 28.3% 30.9%
2014 61.3% 112.5% 32.3% 24.9%
2015 85.4% 82.2% 38.6% 35.5%
2016 96% 61.2% 40.1% 46.7%
2017 102.3% 78% 34.7% 51.6%
2018 90.8% 71.1% 28.9% 52.2%
2019 106% 59.6% 32.5% 62.1%
2020 109.4% 56.3% 34.7% 72.6%
2021 93% 20.5% 29.4% 58.4%
2022 134.8% 22.4% 24.3% 42.6%
2023 118.1% 20.5% 27.3% 43.7%
2024 123.5% 17.6% 25.8% 40.8%
2025 135% 15.2% 26.5% 40.5%

Government deficit by year

In 2024, Nauru's government surplus, the difference between spending and revenue, was $48.3M, equivalent to 30.1% of GDP. This compares to Qatar's surplus of $1.52B, or 0.7% of GDP.

Over the past 16 years, Nauru recorded a fiscal deficit in 0 of those years, while Qatar ran a deficit in 3 years. On average, Nauru posted an annual surplus equal to +19.4% of GDP, compared to surplus of +5.34% of GDP for Qatar.

Deficit/surplus
Nauru

Qatar
Year Deficit/surplus, % of GDP
Nauru Qatar
1990 - 3.23%
1991 - -2.57%
1992 - -2.74%
1993 - -9.53%
1994 - -11.8%
1995 - -5.78%
1996 - -8.73%
1997 - -9.4%
1998 - -7%
1999 - -4.35%
2000 - 4.62%
2001 - 4.48%
2002 - 7.89%
2003 - 6.71%
2004 - 17.7%
2005 - 9.8%
2006 - 8.39%
2007 - 10.3%
2008 - 9.49%
2009 0.37% 14.1%
2010 0.09% 4.6%
2011 2.73% 5.24%
2012 8.12% 8.55%
2013 1.71% 19.3%
2014 29.6% 13.4%
2015 10.7% 18.4%
2016 18.9% -9.2%
2017 16.2% -6.82%
2018 29.6% 2.26%
2019 31% 1%
2020 42.8% -2.13%
2021 44.5% 0.24%
2022 24.3% 10.4%
2023 19.4% 5.48%
2024 30.1% 0.7%
2025 10.8% 0.04%

Inflation comparison by year

Over the past 21 years, Nauru has recorded an average annual inflation rate of 4.9%, compared with 3.14% in Qatar. In 2025, inflation was 6.1% in Nauru and 0.1% in Qatar.

Inflation
Nauru

Qatar
Year Inflation
Nauru Qatar Nauru Qatar
1996 - 7%
1997 - 2.7%
1998 - 2.9%
1999 - 2.2%
2000 - 1.6%
2001 - 1.7%
2002 - 0.2%
2003 - 2.3%
2004 - 6.8%
2005 8.7% 9%
2006 19.3% 11.7%
2007 5.6% 13.7%
2008 1% 15.1%
2009 22.4% -4.9%
2010 -2% -2.4%
2011 -3.4% 2%
2012 0.3% 1.8%
2013 -1.1% 3.1%
2014 0.3% 4.2%
2015 9.8% 0.9%
2016 8.1% 2.7%
2017 4.5% 0.6%
2018 1.1% 0.1%
2019 4.1% -0.9%
2020 0.9% -2.5%
2021 2% 2.3%
2022 1.1% 5%
2023 4.8% 3.1%
2024 9.3% 1.2%
2025 6.1% 0.1%

Top exports between countries

Nauru
Export category Export value
Qatar
Export category Export value
Chemicals & pharma $56K

Balance of trade

Nauru Qatar
Current account balance
$1.92M
2023
$37.9B
2024
Current account balance ranking
74/189
2023
15/189
2024
Current account balance, % of GDP
+1.27%
2023
+17.4%
2024
Goods imports
$89M
2023
$32.6B
2024
Goods exports
$31.8M
2023
$95B
2024
Service imports
$61.2M
2023
$37.1B
2024
Service exports
$33.1M
2023
$30.2B
2024
Imports of goods and services, % of GDP
118.7%
2024
31.6%
2022
Exports of goods and services, % of GDP
39.5%
2024
68.6%
2022

Economic freedom indices

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

Nauru Qatar
Economic freedom 60 70.2
Economic freedom ranking 96/197 33/197
Property rights n/a 71.1
Government integrity n/a 52.6
Judicial effectiveness n/a 42.3
Tax burden n/a 99.9
Government spending n/a 78.1
Fiscal health n/a 96.2
Business freedom n/a 67.9
Labor freedom n/a 59.3
Monetary freedom n/a 73.2
Trade freedom n/a 81.6
Investment freedom n/a 60
Financial freedom n/a 60

More economic indicators

Nauru Qatar
Services, % of GDP n/a
45.9%
2024
Industry, % of GDP n/a
58.5%
2024
Agriculture, forestry, and fishing, % of GDP n/a
0.29%
2024
GNI, Atlas method
$254M
2024
$219B
2024
GNI per capita, PPP
$23,210
2024
$121,930
2024
Total reserves including gold n/a
$54B
2024
Total reserves ranking n/a
40/177
2024
Net foreign direct investment
$3.11M
2023
$1.1B
2024
Net inflows of foreign direct investment
-$280K
2024
$460M
2024
Net outflows of foreign direct investment
$6.17M
2024
$1.56B
2024
Gross capital formation, % of GDP
n/a
30.6%
2022

GDP per capita map

GDP per capita

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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.