Amo) Party
Political pressure groups and leaders:
NA
International organization participation:
ACP, AsDB, C, FAO, ICAO, ICCt, Interpol, IOC, ITU, OPCW, PIF,
Sparteca, SPC, UN, UNCTAD, UNESCO, UPU, WHO
Diplomatic representation in the US:
chief of mission: Ambassador Vinci Niel CLODUMAR
chancery: 800 2nd Avenue, Suite 400 D, New York, NY 10017
telephone: [1] (212) 937-0074
FAX: [1] (212) 937-0079
consulate(s): Agana (Guam)
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 Nauru
Economy - overview:
Revenues of this tiny island have traditionally come from exports
of phosphates, now significantly depleted. An Australian company in
2005 entered into an agreement intended to exploit remaining
supplies. Few other resources exist with most necessities being
imported, mainly from Australia, its former occupier and later major
source of support. The rehabilitation of mined land and the
replacement of income from phosphates are serious long-term
problems. In anticipation of the exhaustion of Nauru's phosphate
deposits, substantial amounts of phosphate income were invested in
trust funds to help cushion the transition and provide for Nauru's
economic future. As a result of heavy spending from the trust funds,
the government faces virtual bankruptcy. To cut costs the government
has frozen wages and reduced overstaffed public service departments.
In 2005, the deterioration in housing, hospitals, and other capital
plant continued, and the cost to Australia of keeping the government
and economy afloat continued to climb. Few comprehensive statistics
on the Nauru economy exist, with estimates of Nauru's GDP varying
widely.
GDP (purchasing power parity):
$60 million (2005 est.)
GDP (official exchange rate):
NA
GDP - real growth rate:
NA%
GDP - per capita (PPP):
$5,000 (2005 est.)
GDP - composition by sector:
agriculture: NA%
industry: NA%
services: NA%
Labor force - by occupation:
note: 0.1% employed in mining phosphates, public
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