Overview: Revenues come from the export of phosphates, the reserves of which are expected to be exhausted by 1995. Phosphates have given Nauruans one of the highest standards of living in the world--per capita income is $20,000 annually. Few other resources exist so that most necessities must be imported, including fresh water from Australia.

GNP: over $160 million, per capita $20,000; real growth rate NA% (1985)

Inflation rate (consumer prices): NA%

Unemployment rate: 0%

Budget: revenues $69.7 million; expenditures $51.5 million, including capital expenditures of $NA (FY86 est.)

Exports: $93 million (f.o.b., 1984); @m5commodities--phosphates; @m5partners--Australia, NZ

Imports: $73 million (c.i.f., 1984); @m5commodities--food, fuel, manufactures, machinery; @m5partners--Australia, UK, NZ, Japan

External debt: $33.3 million

Industrial production: growth rate NA%

Electricity: 13,250 kW capacity; 48 million kWh produced, 5,390 kWh per capita (1988)

Industries: phosphate mining, financial services, coconuts

Agriculture: negligible; almost completely dependent on imports for food and water

Aid: NA

Currency: Australian dollar (plural--dollars); 1 Australian dollar ($A) = 100 cents

Exchange rates: Australian dollars ($A) per US$1--1.1493 (January 1989), 1.2752 (1988), 1.4267 (1987), 1.4905 (1986), 1.4269 (1985)

Fiscal year: 1 July-30 June

NOTE: The information regarding Nauru on this page is re-published from the 1989 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Nauru Economy 1989 information contained here. All suggestions for corrections of any errors about Nauru Economy 1989 should be addressed to the CIA.