e 20

Elections:
President--last held 9 December 1989 (next to be held December
1992);
results--Bernard Dowiyogo elected by Parliament;

Parliament--last held on 9 December 1989 (next to be held
December 1992);
results--percent of vote NA;
seats--(18 total) independents 18

Member of: Commonwealth (special member), ESCAP, ICAO, INTERPOL,
ITU, SPC, SPF, UPU

Diplomatic representation: Ambassador T. W. STAR resides in Melbourne
(Australia); there is a Nauruan Consulate in Agana (Guam);
US--the US Ambassador to Australia is accredited to Nauru

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

- 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--$10,000 annually. 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 constitute serious long-term problems. Substantial
investment in trust funds, out of phosphate income, will help cushion the
transition.

GNP: over $90 million, per capita $10,000; real growth rate NA% (1989)

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); commodities--phosphates;
partners--Australia, NZ

Imports: $73 million (c.i.f., 1984); commodities--food, fuel,
manufactures, building materials, machinery; partners--Australia, UK, NZ,
Japan

External debt: $33.3 million

Industrial production: growth rate NA%

Electricity: 13,250 kW capacity; 48 million kWh produced,
5,300 kWh per capita (1989)

Industries: phosphate mining, financial services, coconuts

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

Aid: none

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

Exchange rates: Australian dollars ($A) per US$1--1.2784 (January 1990),
1.2618 (1989), 1.2752 (1988), 1.4267 (1987), 1.4905 (1986), 1.4269 (1985)

Fiscal yea