Nauru: Economy
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Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
Data unavailable |
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Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Data unavailable |
| Economic Trivia | Nauru's is rich in phosphates, and their export provides the majority of the country's revenues. |
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Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Data unavailable |
| Top Industries Source: CIA World Factbook | Phosphate Mining; Offshore Banking; Coconut Products |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $166,178,753 (2022) |
| GDP Growth Rate (annual %) | 2.362% (2022) |
| GDP Per Capita, PPP (current international) | $13,118 (2022) |
GDP Country Rank 196/197 (2022)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | -0.125% (2012) |
| External debt stocks, total (DOD, current US$) | Data unavailable |
| Total tax rate (% of commercial profits) | Data unavailable |
| Real Interest Rate (5 year average %) | Data unavailable |
| Manufacturing, value added (% of GDP) | 0% (2015) |
| Current Account Balance (BoP, current US$) | $8,406,408 (2018) |
Labor and Employment [1]
| Labor Force, Total | Data unavailable |
| Employment in Agriculture (% of total employment) | Data unavailable |
| Employment in Industry (% of total employment) | Data unavailable |
| Employment in Services (% of total employment) | Data unavailable |
| Unemployment Rate | Data unavailable |
Trade [1]
| Imports of goods and services (current US$) | $174,141,013 (2022) |
| Exports of goods and services (current US$) | $84,168,156 (2022) |
| Total Merchandise Trade (% of GDP) | 100.714% (2022) |
| FDI, net inflows (BoP, current US$) | $0 (2018) |
| Commercial Service Exports (current US$) | $19,125,966 (2018) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Nauru’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.