Diplomatic representation from the US: the US does not have an
embassy in Nauru; the US Ambassador to Fiji is accredited to Nauru
Flag description: 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
Economy
Economy—overview: Revenues come from exports of phosphates, but reserves 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, thus 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. The government also has been borrowing heavily from the trusts to finance fiscal deficits. To cut costs the government has called a freezing of wages, a reduction of over-staffed public service departments, privatization of numerous government agencies, and closure of some overseas consulates.
GDP: purchasing power parity—$100 million (1993 est.)
GDP—real growth rate: NA%
GDP—per capita: purchasing power parity?$10,000 (1993 est.)
GDP—composition by sector: agriculture: NA% industry: NA% services: NA%
Population below poverty line: NA%
Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%