Flag: blue with a narrow, horizontal, yellow stripe across the center and a large white 12-pointed star below the stripe on the hoist side; the star indicates the country's location in relation to the Equator (the yellow stripe) and the 12 points symbolize the 12 original tribes of Nauru
@Nauru:Economy
Overview: Revenues come from the export of phosphates, the reserves of which are expected to be exhausted by the year 2000. Phosphates have given Nauruans one of the highest per capita incomes in the Third World. Few other resources exist, so most necessities must be imported, including fresh water from Australia. The rehabilitation of mined land and the replacement of income from phosphates are serious long-term problems. Substantial amounts of phosphate income are invested in trust funds to help cushion the transition.
National product: GDP - purchasing power parity - $100 million (1993 est.)
National product real growth rate: NA%
National product per capita: $10,000 (1993 est.)
Inflation rate (consumer prices): NA%
Unemployment rate: 0%
Budget:
revenues: $69.7 million
expenditures: $51.5 million, including capital expenditures of $NA
(1986 est.)
Exports: $93 million (f.o.b., 1984)
commodities: phosphates
partners: Australia, NZ