NRU · snapshot 2026-08-09
Naoero
Insufficient dataOverall risk score
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Percentile of scored universe
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Data coverage
58%
vs Australia (16.1)
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Category breakdown
Political Stability & Governance
Medium6 indicators · 100% coverage
Economic Resilience
Medium5 indicators · 65% coverage
Financial & Currency Risk
Insufficient dataInsufficient data
Business Environment
Insufficient dataInsufficient data
Security & Crime
Insufficient dataInsufficient data
Climate & Social Compliance
Medium2 indicators · 65% coverage
Technology & Digital
High4 indicators · 100% coverage
Cultural Distance
Insufficient dataInsufficient data · not in overall score
Key risks and considerations
Naoero does not meet the floors for an overall rating: only 4 of 7 weighted categories could be scored (minimum 5) and data coverage is 58%, below the 70% floor. Treat the category detail below as partial evidence, not a verdict.
The main risk drivers are no double-tax agreement with Australia, no investment-treaty protection with Australia, weak digital government and high physical climate vulnerability.
Possible mitigations
- Withholding tax. No double-tax agreement with Australia: model withholding tax on dividends, interest, and royalties into the business case — it can decide the entity-vs-export question.
- Connectivity constraints. Thin digital infrastructure: plan for offline-capable operations, local hosting or caching, and paper-tolerant processes with government counterparts.
Generated automatically from this snapshot’s indicator data — a starting point for analysis, not advice.
Indicators
| Indicator | Value | Risk score | Rating | Australia | Data source year | Source |
|---|---|---|---|---|---|---|
| Political Stability & Governance | ||||||
| Voice & accountability (WGI) | 67.3 | 29.5 | Medium | |||
| Government effectiveness (WGI) | 51.5 | 49.8 | Medium | |||
| Regulatory quality (WGI) | 46.6 | 67.6 | High | |||
| Rule of law (WGI) | 61.3 | 40.3 | Medium | |||
| Control of corruption (WGI) | 58.1 | 31.9 | Medium | |||
| Political stability & absence of violence/terrorism (WGI PV) | 84.8 | 12.8 | Low | |||
| Economic Resilience | ||||||
| GDP growth (3-yr average, %) | 1.0% (3-yr avg) | 50.0 | High | |||
| Growth volatility (10-yr std dev, pp) | ±4.3 pp | 65.6 | High | |||
| Government net debt (% of GDP) | 14.6 | 10.0 | Low | |||
| Inflation (CPI %, vs income-group target) | — | — | Insufficient data | |||
| Current account (3-yr average, % of GDP) | 2.9% (3-yr avg) | 15.0 | Low | |||
| FX reserves (months of import cover) | — | — | Insufficient data | |||
| GDP per capita (PPP, current intl $) | $14,200 | 62.6 | High | |||
| Financial & Currency Risk | ||||||
| Capital-account openness (Chinn-Ito KAOPEN) | — | — | Insufficient data | |||
| Currency stability (regime-aware classification) | No independent currency (USD/EUR/AUD in use) | 10.0 | Low | |||
| Sovereign credit risk (OECD country risk classification) | — | — | Insufficient data | |||
| FATF listing (grey / black list status) | Not listed | 0.0 | Low | |||
| Double-tax agreement with Australia | None in force | 100.0 | Very High | |||
| Business Environment | ||||||
| FDI regulatory restrictiveness (OECD FDIRRI) | — | — | Insufficient data | |||
| Logistics performance (World Bank LPI) | — | — | Insufficient data | |||
| Business readiness (World Bank B-READY pillar average) | — | — | Insufficient data | |||
| Investment protection with Australia in force (BIT or FTA investment chapter) | None in force | 100.0 | Very High | |||
| Security & Crime | ||||||
| Armed-conflict intensity (battle deaths per 100k, 5-yr) | 0.0 | 29.7 | Medium | |||
| Intentional homicide rate (per 100k) | — | — | Insufficient data | |||
| Organised crime pervasiveness (GI-TOC criminality score) | — | — | Insufficient data | |||
| DFAT Smartraveller advisory level | — | — | Insufficient data | |||
| Climate & Social Compliance | ||||||
| Physical climate vulnerability (ND-GAIN vulnerability) | 0.502 | 72.9 | High | |||
| Disaster risk (INFORM Risk Index) | 2.2 | 14.9 | Low | |||
| Modern-slavery prevalence (per 1,000) | — | — | Insufficient data | |||
| Modern-slavery vulnerability score | — | — | Insufficient data | |||
| Technology & Digital | ||||||
| E-government development (UN EGDI) | 0.4 | 78.0 | Very High | |||
| Internet users (% of population) | 83.0 | 48.1 | Medium | |||
| Cybercrime origination (World Cybercrime Index) | 0.0 | 10.0 | Low | |||
| Secure internet servers (per million people) | 669.6 | 54.7 | High | |||
Per-indicator ratings are quartile bands of the 0–100 risk score. The Australia column shows the same indicator’s raw value for the Australian baseline in this snapshot.
Cultural distance
GLOBE 2004 societal practices · rated on distance from Australia · not in the overall score
Context — not scored
Unemployment
—
Displayed, never scored: ambiguous for an entrant and unreliable where informal employment dominates.
Trade agreement
No Australian FTA in force
Market access is decision-relevant but a benefit, not a risk — kept out of the rating.
Regional advisories
No higher regional advisory levels
DFAT Smartraveller sub-national advice where it exceeds the overall level.
Compare with
A score means little on its own. These economies scored closest to Naoero in this snapshot, which is the fastest way to see whether the rating is telling you something specific or something regional.