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Economy of Nauru vs Zambia compared: GDP & Debt

Updated on by Georank

Nauru has a GDP of $176M compared to $28.9B for Zambia, ranking 195/197 and 116/197 by economy size, respectively.

Nauru has $25.8M in government debt (14.6% of GDP), compared to $24.8B (86% of GDP) in Zambia.

Nauru vs Zambia GDP by year

Nauru
Zambia
1x
Year GDP, current $
Nauru Zambia
2025 $176,040,044 $28,879,806,220
2024 $167,833,415 $25,303,185,342
2023 $161,531,317 $27,577,956,471
2022 $180,671,357 $29,163,782,140
2021 $149,268,324 $22,096,416,932
2020 $124,685,688 $18,137,764,931
2019 $125,160,116 $23,308,667,781
2018 $130,995,566 $26,311,507,274
2017 $109,355,639 $25,873,601,261
2016 $97,541,943 $20,958,412,538
2015 $84,863,441 $21,251,216,799
2014 $99,149,244 $27,141,023,558
2013 $94,385,015 $28,037,239,463
2012 $101,055,723 $25,503,060,420
2011 $65,071,880 $23,459,515,276
2010 $47,562,845 $20,265,559,484
2009 $44,176,246 $15,328,342,304
2008 $37,602,265 $17,910,858,638
2007 $22,766,972 $14,056,957,976
2006 $29,200,359 $12,756,858,899
2005 $30,070,666 $8,331,870,169
2004 $30,587,566 $6,221,110,219
2003 $24,778,160 $4,901,869,764
2002 $21,017,424 $4,193,850,445
2001 $22,613,288 $4,094,441,301
2000 $26,930,980 $3,600,632,111
1999 $27,328,613 $3,404,284,891
1998 $29,664,451 $3,537,741,942
1997 $37,331,507 $4,303,288,480
1996 $37,458,801 $3,597,220,962
1995 $39,969,706 $3,806,983,413
1994 $39,742,511 $3,656,806,166
1993 $43,542,088 $3,273,505,344
1992 $51,133,123 $3,182,810,841
1991 $52,533,789 $3,376,806,697
1990 $55,572,376 $3,288,381,797
1989 $53,736,786 $3,994,673,161
1988 $45,931,134 $3,728,878,149
1987 $40,118,410 $2,265,250,972
1986 $39,939,391 $1,664,413,508
1985 $41,548,741 $2,252,454,500
1984 $47,363,231 $2,719,518,933
1983 $48,439,093 $3,321,048,451
1982 $52,877,742 $3,871,117,093
1981 $51,689,637 $4,008,126,497
1980 $46,947,124 $3,884,530,854
1979 $44,431,330 $3,353,445,378
1978 $41,754,147 $2,811,032,473
1977 $40,444,702 $2,515,296,940
1976 $40,287,427 $2,742,859,263
1975 $40,106,776 $2,442,672,141
1974 $35,994,511 $2,910,981,262
1973 $26,529,817 $2,434,255,237
1972 $21,734,269 $1,872,416,680
1971 $19,009,433 $1,653,259,341
1970 $17,570,366 $1,788,779,285
1969 - $1,926,399,230
1968 - $1,573,739,371
1967 - $1,340,639,464
1966 - $1,238,999,505
1965 - $1,061,199,576
1964 - $822,639,671
1963 - $704,339,719
1962 - $679,279,729
1961 - $682,359,727
1960 - $698,739,721

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Nauru vs Zambia by year

Nauru
GDP per capita

GDP per capita, PPP
Zambia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Nauru Zambia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $14,640 - $1,318 -
2024 $14,048 $14,173 $1,187 $4,215
2023 $13,603 $13,732 $1,331 $4,077
2022 $15,310 $13,245 $1,447 $3,841
2021 $12,748 $12,112 $1,127 $3,503
2020 $10,709 $10,811 $952 $3,157
2019 $10,802 $10,555 $1,259 $3,361
2018 $11,414 $9,657 $1,464 $3,442
2017 $9,657 $9,650 $1,483 $3,392
2016 $8,748 $10,281 $1,239 $3,313
2015 $7,747 $9,955 $1,296 $3,337
2014 $9,230 $9,726 $1,707 $3,441
2013 $8,975 $8,429 $1,821 $3,477
2012 $9,843 $8,153 $1,710 $3,324
2011 $6,444 $6,544 $1,625 $3,228
2010 $4,736 $5,620 $1,451 $3,098
2009 $4,411 $5,568 $1,136 $2,872
2008 $3,757 $5,863 $1,376 $2,708
2007 $2,272 $4,789 $1,119 $2,555
2006 $2,910 $5,975 $1,052 $2,378
2005 $2,992 $5,336 $711 $2,213
2004 $3,041 $5,169 $549 $2,068
2003 $2,463 $5,261 $446 $1,942
2002 $2,085 $5,132 $394 $1,837
2001 $2,232 $5,587 $397 $1,785
2000 $2,649 $5,838 $359 $1,709
1999 $2,683 $6,118 $350 $1,654
1998 $2,909 $6,450 $373 $1,601
1997 $3,661 $7,231 $466 $1,631
1996 $3,679 $7,818 $400 $1,585
1995 $3,932 $8,726 $433 $1,501
1994 $3,921 $9,308 $426 $1,464
1993 $4,310 $9,513 $391 $1,607
1992 $5,103 $11,167 $389 $1,505
1991 $5,333 $13,265 $423 $1,534
1990 $5,776 $16,215 $422 $1,522
1989 $5,723 - $526 -
1988 $5,012 - $504 -
1987 $4,485 - $315 -
1986 $4,569 - $238.2 -
1985 $4,859 - $332 -
1984 $5,654 - $413 -
1983 $5,896 - $520 -
1982 $6,577 - $627 -
1981 $6,594 - $670 -
1980 $6,138 - $669 -
1979 $5,950 - $595 -
1978 $5,721 - $514 -
1977 $5,646 - $474 -
1976 $5,703 - $533 -
1975 $5,740 - $490 -
1974 $5,199 - $601 -
1973 $3,864 - $518 -
1972 $3,191 - $410 -
1971 $2,811 - $372 -
1970 $2,619 - $414 -
1969 - - $459 -
1968 - - $387 -
1967 - - $341 -
1966 - - $325 -
1965 - - $287.4 -
1964 - - $230 -
1963 - - $203.2 -
1962 - - $202.3 -
1961 - - $209.7 -
1960 - - $221.6 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Nauru's GDP per capita is $14,640, ranking 74/197, compared to $1,318 in Zambia, ranking 170/197. Adjusted for purchasing power (GDP per capita PPP), Nauru ranks 119th at $14,173, while Zambia ranks 166th at $4,215.

Economic indicators

Nauru Zambia
Gross domestic product
$176M
2025
$28.9B
2025
GDP rank
195/197
2025
116/197
2025
GDP growth
2.14%
2024-2025
3.76%
2024-2025
GDP per capita
$14,640
2025
$1,318
2025
GDP per capita rank
74/197
2025
170/197
2025
GDP per capita, PPP
$14,173
2024
$4,215
2024
GDP per capita PPP rank
119/197
2024
166/197
2024
Government debt
$25.8M
2025
$24.8B
2025
Debt-to-GDP ratio
14.6%
2025
86%
2025
Government debt per person
$2,145
2025
$1,133
2025
Government debt per person rank
118/185
2025
140/185
2025
Average annual personal income after taxes
$9,187
2026
$1,538
2026
Market capitalization of domestic companies n/a
$14.9B
2025
Income share by richest 10%
25.3%
2012
39.1%
2022
Income share by poorest 10%
3.4%
2012
1.5%
2022
Government expenditure, % of GDP
128.7%
2025
29.7%
2025
Consumer prices inflation
6.1%
2024-2025
13.9%
2024-2025
Central bank interest rate n/a
13.3%
2026
Unemployment rate
5.06%
2021
5.67%
2024
Population
12139
22844606

Spending and national debt comparison by year

Nauru
Spending

Debt
Zambia
Spending

Debt
1x
Year % of GDP
Nauru Zambia
Government spending Government debt Government spending Government debt
2025 128.7% 14.6% 29.7% 86%
2024 118.4% 16.9% 26.5% 125.2%
2023 111% 19.2% 27.4% 129.1%
2022 113.8% 18.9% 28.2% 99.5%
2021 109.5% 24.2% 30.5% 111%
2020 109.4% 56.3% 34% 140%
2019 106% 59.6% 29.8% 103.3%
2018 90.8% 71.1% 27.7% 81.2%
2017 102.3% 78% 25% 66.6%
2016 96% 86.3% 23.9% 61.2%
2015 85.4% 113% 27.6% 61.9%
2014 61.3% 147.7% 24.3% 33.9%
2013 66% 166.9% 24% 25.9%
2012 46% 157.3% 21.9% 24.9%
2011 44.7% 236.8% 19.5% 20.8%
2010 73.8% 298.9% 18.1% 18.9%
2009 68% 295.6% 17.8% 20.5%
2008 - - 19.5% 19.2%
2007 - - 19.9% 21.9%
2006 - - 19.7% 25%
2005 - - 22.5% 75.7%
2004 - - 23.3% 129.9%
2003 - - 27.3% 159.5%
2002 - - 27.6% 180.2%
2001 - - 28% 210.2%
2000 - - 21.4% 261%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (2000–2025, retrieved 2026-07-08).

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

In 2025, Nauru's government spending was $227M, accounting for 128.7% of its GDP, while Zambia spent $8.58B, or 29.7% of GDP.

Debt-to-GDP ratio is 14.6% in Nauru and 86% in Zambia, ranking 176/185 and 35/185, respectively.

Government deficit by year

Deficit/surplus
Nauru

Zambia
1x
Year Deficit/surplus, % of GDP
Nauru Zambia
2025 3.51% -3.83%
2024 28.9% -3.46%
2023 18.2% -5.48%
2022 20.5% -7.82%
2021 52.4% -8.13%
2020 42.8% -13.8%
2019 31% -9.41%
2018 29.6% -8.31%
2017 16.2% -7.5%
2016 18.9% -5.69%
2015 10.7% -8.88%
2014 29.6% -5.43%
2013 1.71% -6.4%
2012 8.12% -3.16%
2011 2.73% -1.78%
2010 0.09% -2.43%
2009 0.37% -2.06%
2008 - -0.67%
2007 - -1.04%
2006 - 16.9%
2005 - -2.37%
2004 - -2.51%
2003 - -5.31%
2002 - -4.5%
2001 - -5.89%
2000 - 1.16%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (2000–2025, retrieved 2026-07-08).

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

In 2025, Nauru's government surplus, the difference between spending and revenue, was $6.19M, equivalent to 3.51% of GDP. This compares to Zambia's deficit of $1.11B, or 3.83% of GDP.

Over the past 17 years, Nauru recorded a fiscal deficit in 0 of those years, while Zambia ran a deficit in 17 years. On average, Nauru posted an annual surplus equal to 18.5% of GDP, compared to deficit of 6.09% of GDP for Zambia.

Inflation comparison by year

Inflation
Nauru

Zambia
1x
Year Consumer prices inflation
Nauru Zambia
2025 6.1% 13.9%
2024 9.3% 15%
2023 4.8% 10.9%
2022 1.1% 11%
2021 2% 22%
2020 0.9% 15.7%
2019 4.1% 9.2%
2018 1.1% 7.5%
2017 4.5% 6.6%
2016 8.1% 17.9%
2015 9.8% 10.1%
2014 0.3% 7.8%
2013 -1.1% 7%
2012 0.3% 6.6%
2011 -3.4% 8.7%
2010 -2% 8.5%
2009 22.4% 13.4%
2008 1% 12.4%
2007 5.6% 10.7%
2006 19.3% 9%
2005 8.7% 18.3%
2004 - 18%
2003 - 21.4%
2002 - 22.2%
2001 - 21.4%
2000 - 24.1%
1999 - 23.9%
1998 - 22.7%
1997 - 21.4%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08).

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

Over the past 21 years, Nauru has recorded an average annual inflation rate of 4.9%, compared with 11.5% in Zambia. In 2025, inflation was 6.1% in Nauru and 13.9% in Zambia.

Top exports between countries

Nauru
Export category Export value
Machinery & equipment $8K
Processed food, beverages & tobacco $4K
Zambia
Export category Export value

Balance of trade

Nauru Zambia
Current account balance
$9.73M
2024
-$1.12B
2024
Current account balance ranking
69/190
2024
121/190
2024
Current account balance, % of GDP
+5.8%
2024
-4.41%
2024
Goods imports
$92.7M
2024
$10.1B
2024
Goods exports
$25.5M
2024
$11.4B
2024
Service imports
$88.2M
2024
$1.99B
2024
Service exports
$64.6M
2024
$1.38B
2024
Imports of goods and services, % of GDP
103.7%
2025
27.6%
2024
Exports of goods and services, % of GDP
61.8%
2025
35%
2024

Economic freedom indices

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

Nauru Zambia
Economic freedom 60 51.9
Economic freedom ranking 97/197 152/197
Property rights n/a 43.9
Government integrity n/a 39.3
Judicial effectiveness n/a 45
Tax burden n/a 74.3
Government spending n/a 78.1
Fiscal health n/a 30.9
Business freedom n/a 53.4
Labor freedom n/a 48.8
Monetary freedom n/a 66.6
Trade freedom n/a 62.8
Investment freedom n/a 40
Financial freedom n/a 40

Other economic metrics

Nauru Zambia
Services, % of GDP n/a
57%
2025
Industry, % of GDP n/a
35.3%
2025
Agriculture, forestry, and fishing, % of GDP n/a
4.11%
2025
GNI, Atlas method
$249M
2025
$26.2B
2025
GNI per capita, PPP
$20,200
2025
$3,990
2025
Total reserves including gold n/a
$4.09B
2024
Total reserves ranking n/a
111/177
2024
Net foreign direct investment
$4.51M
2024
-$2.05B
2024
Net inflows of foreign direct investment
-$5.85M
2024
$2.36B
2024
Net outflows of foreign direct investment
-$1.34M
2024
$311M
2024
Servicing debt to the IMF, % of GNI n/a
17.3%
2024
Poverty at national poverty lines n/a
60%
2022
Gross capital formation, % of GDP n/a
23.8%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (2000–2025, retrieved 2026-07-08)
  3. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-07-08)
  5. TradeMap (2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)

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.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

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.