Taxes on international trade in Naoero
Naoero: Taxes on international trade was 5.3% in 2024. ▼ Falling
Taxes on international trade in Naoero, 2014–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
The most recent figure for taxes on international trade in Naoero is 5.3%, measured in 2024. That is the lowest value across all 11 years on record.
Compared with earlier readings it is down 2.0% on the previous year and down 69.4% over ten years.
Over the whole period, taxes on international trade in Naoero peaked at 17.3% in 2014 and was at its lowest, 5.3%, in 2024.
That places Naoero 68th out of 154 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 11 years of available data.
Taxes on international trade in Naoero, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2014 | 17.3% | — |
| 2015 | 8.8% | -49.1% |
| 2016 | 13.1% | +48.8% |
| 2017 | 11.3% | -13.8% |
| 2018 | 9.5% | -15.6% |
| 2019 | 7.3% | -23.9% |
| 2020 | 6.1% | -15.2% |
| 2021 | 6.5% | +5.2% |
| 2022 | 6.2% | -3.5% |
| 2023 | 5.4% | -13.6% |
| 2024 | 5.3% | -2.0% |
Naoero compared with similar countries
- Naoero's 5.3% is above the median for high income countries, which is 0.4%, 11.9× the median. (55 countries reporting)
- Naoero's 5.3% is above the median for East Asia & Pacific, which is 4.5%, 1.2× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 11.2% | 7.3% | 17.3% | 6 |
| 2020s | 5.9% | 5.3% | 6.5% | 5 |
Countries ranked near Naoero
More public sector data for Naoero
- Tax revenue 21.4% (2024)
- Capital stock, General government, Current prices, Domestic currency 0 (2019)
- Taxes on income, profits and capital gains 8.7% (2024)
- Capital stock, General government, Constant prices, Percent of GDP 0 (2019)
- Capital stock, General government, Constant prices, Purchasing power 0 (2019)
- Taxes on goods and services 2.7% (2024)
- Net investment in nonfinancial assets 9.2% (2024)
- Capital stock, General government, Current prices, Domestic currency 0 units per person (2019)
- Capital stock, General government, Current prices, Domestic currency 0 units per US$ of GDP (2019)
- Net lending (+) / net borrowing (-) 15.1% (2024)
Frequently asked questions
- What is taxes on international trade in Naoero?
- Taxes on international trade in Naoero was 5.3% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on international trade recorded in Naoero?
- The highest recorded value was 17.3% in 2014.
- What is the lowest taxes on international trade recorded in Naoero?
- The lowest recorded value was 5.3% in 2024.
- How does Naoero rank for taxes on international trade?
- Naoero ranks 68th out of 154 countries with data for 2024.
- Is taxes on international trade rising or falling in Naoero?
- Over the last ten years it is down 69.4%. The long-run trend across the full record is falling.
- Where does this Naoero data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Taxes on international trade (% of revenue). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 11 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Taxes on international trade are taxes that become payable when goods cross the national or customs frontiers of the economic territory or when transactions in services exchange between residents and non-residents. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.