Economic overview Nauru, in 36 editions.

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 World - $10,000 annually.
Few other resources exist 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 are serious long-term problems.
Substantial investment in trust funds, out amounts of phosphate income, will income are invested in trust funds to help
cushion the transition.

Revenues come from the export of phosphates, the reserves of which are
expected to be exhausted by the year 2000. Phosphates have given Nauruans
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 are
serious long-term problems.
Substantial amounts of phosphate income
are invested in trust funds to help
cushion the transition.

Revenues come from the export of phosphates, the reserves of
which are
expected to be exhausted by the year 2000. Phosphates have given
given Nauruans one of the highest per capita incomes in the Third World -
$10,000 annually. 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.

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. However, dividends from the trusts have declined sharply
since 1990 and the government has been borrowing from the trusts to
finance fiscal deficits.

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. World, but incomes probably will drop sharply in the
future. 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. However,
dividends from the trusts have declined sharply
since 1990 and the
government has been borrowing heavily from the trusts to
finance
fiscal deficits. In an effort to stem further escalation of fiscal
problems, the FY96/97 budget calls for a freeze on government wages
for two years, a reduction of over-staffed public service departments,
drastic cutbacks in hiring new government staff, privatization of
numerous government agencies, and closure of some overseas consulates.

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, but incomes probably will drop sharply in the
future. 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. However,
dividends from the trusts have declined sharply since 1990 and the
government has been borrowing heavily from the trusts to finance
fiscal deficits. In an effort to stem further escalation of fiscal
problems, the FY96/97 budget calls government has called for a freeze on government wages
for two
years, a reduction of over-staffed public service departments,
drastic
cutbacks in hiring new government staff, privatization of
numerous
government agencies, and closure of some overseas consulates.

Revenues come from the export exports of phosphates, the but
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, but incomes probably will drop sharply in the
future. Third World. Few other resources exist, so thus most necessities must be
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. However,
dividends from the trusts have declined sharply since 1990 and the
transition. The government also has been borrowing heavily from the
trusts to finance
fiscal deficits. In an effort to stem further escalation of fiscal
problems, To cut costs the government has
called for a freeze on wages for two
years, freezing of wages, a reduction of over-staffed public
service departments, drastic
cutbacks in hiring new government staff, privatization of numerous
government agencies,
and closure of some overseas consulates.

Revenues of this tiny island come from exports of phosphates, but
reserves are expected to be exhausted by in the year 2000. Phosphates
have given Nauruans one of the highest per capita incomes in the
Third World. World, with estimates of GDP varying widely. 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 for a freezing of wages, a reduction of over-staffed public
service departments, privatization of numerous government agencies,
and closure of some overseas consulates. In recent years Nauru has encouraged the registration of offshore banks and corporations. Tens of billions of dollars have been channeled through their accounts.

Revenues of this tiny island have come from exports of phosphates, but reserves are expected to be exhausted within five to ten years. Phosphate production has declined since 1989, as demand has fallen in traditional markets and as the year 2000. Phosphates marginal cost of extracting the remaining phosphate increases, making it less internationally competitive. While phosphates have given Nauruans one of the highest per capita incomes in the Third World, with estimates of GDP varying widely. Few few other resources exist, thus exist with most necessities must be being imported, including fresh water from Australia. The rehabilitation of mined land and the replacement of income from phosphates are serious long-term problems. Substantial In anticipation of the exhaustion of Nauru's phosphate deposits, substantial amounts of phosphate income are have been invested in trust funds to help cushion the transition. transition and provide for Nauru's economic future. The government also has been borrowing heavily from the trusts to finance fiscal deficits. To cut costs the government has called for a freezing of wages, a reduction of over-staffed public service departments, privatization of numerous government agencies, and closure of some overseas consulates. In recent years Nauru has encouraged the registration of offshore banks and corporations. Tens of billions of dollars have been channeled through their accounts. Few comprehensive statistics on the Nauru economy exist, with estimates of Nauru's per capita GDP varying widely.

Revenues of this tiny island have come from exports of phosphates, but reserves are expected to be exhausted within five to ten a few years. Phosphate production has declined since 1989, as demand has fallen in traditional markets and as the marginal cost of extracting the remaining phosphate increases, making it less internationally competitive. While phosphates have given Nauruans one of the highest per capita incomes in the Third World, few other resources exist with most necessities being imported, including fresh water from Australia. 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 have been invested in trust funds to help cushion the transition and provide for Nauru's economic future. The government has been borrowing heavily from the trusts to finance fiscal deficits. To cut costs the government has called for a freezing of freeze on wages, a reduction of over-staffed public service departments, privatization of numerous government agencies, and closure of some overseas consulates. In recent years Nauru has encouraged the registration of offshore banks and corporations. Tens of billions of dollars have been channeled through their accounts. Few comprehensive statistics on the Nauru economy exist, with estimates of Nauru's per capita GDP varying widely.

Revenues of this tiny island have come from exports of phosphates, but reserves are expected to be exhausted within a few years. Phosphate production has declined since 1989, as demand has fallen in traditional markets and as the marginal cost of extracting the remaining phosphate increases, making it less internationally competitive. While phosphates have given Nauruans one of the highest per capita incomes in the Third World, few other resources exist with most necessities being imported, including fresh water from Australia. 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 have been invested in trust funds to help cushion the transition and provide for Nauru's economic future. The government has been borrowing heavily from the trusts to finance fiscal deficits. To cut costs the government has called for a freeze on wages, a reduction of over-staffed public service departments, privatization of numerous government agencies, and closure of some overseas consulates. In recent years Nauru has encouraged the registration of offshore banks and corporations. Tens of billions of dollars have been channeled through their accounts. Few comprehensive statistics on the Nauru economy exist, with estimates of Nauru's per capita GDP varying widely.

Revenues of this tiny island have traditionally come from exports of phosphates, but reserves are expected to be exhausted within a few years. Phosphate production has declined since 1989, as demand has fallen in traditional markets and as the marginal cost of extracting the remaining phosphate increases, making it less internationally competitive. While phosphates have given Nauruans one of the highest per capita incomes in the Third World, few now depleted. Few other resources exist with most necessities being imported, including fresh water mainly from Australia. 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 have been invested in trust funds to help cushion the transition and provide for Nauru's economic future. The government has been borrowing heavily As a result of heavy spending from the trusts to finance fiscal deficits. trust funds, the government faces virtual bankruptcy. To cut costs the government has called for a freeze on wages, a reduction of over-staffed public service departments, privatization of numerous government agencies, and closure of some overseas consulates. In recent years Nauru has encouraged the registration of offshore banks and corporations. Tens of billions In 2004 the deterioration in housing, hospitals, and other capital plant continued, and the cost to Australia of dollars have been channeled through their accounts. keeping the government and economy afloat has substantially mounted. Few comprehensive statistics on the Nauru economy exist, with estimates of Nauru's GDP varying widely.

Revenues of this tiny island have traditionally come from exports of phosphates, but reserves are 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 have been 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 called for a freeze on wages, a reduction of over-staffed frozen wages and reduced overstaffed public service departments, privatization of numerous government agencies, and closure of some overseas consulates. In recent years Nauru has encouraged the registration of offshore banks and corporations. departments. In 2004 2005, the deterioration in housing, hospitals, and other capital plant continued, and the cost to Australia of keeping the government and economy afloat has substantially mounted. continued to climb. Few comprehensive statistics on the Nauru economy exist, with estimates of Nauru's GDP varying widely.

Revenues of this tiny island have traditionally come from exports of phosphates, 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, 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. Reserves of phosphates may only last until 2010 at current mining rates. 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 Nauru lost further revenue in housing, 2008 with the closure of Australia's refugee processing center, making it almost totally dependent on food imports and foreign aid. Housing, hospitals, and other capital plant continued, and the is deteriorating. The cost to Australia of keeping the government and economy afloat continued continues to climb. Few comprehensive statistics on the Nauru economy exist, exist with estimates of Nauru's GDP varying widely.

Revenues of this tiny island have traditionally have come from exports of phosphates now significantly depleted. An Australian company in 2005 entered into an agreement intended to exploit remaining supplies. phosphates. Few other resources exist exist, with most necessities being imported, mainly from Australia Australia, its former occupier and later major source of support. In 2005 an Australian company entered into an agreement to exploit remaining supplies. Primary reserves of phosphates were exhausted and mining ceased in 2006, but mining of a deeper layer of "secondary phosphate" in the interior of the island began the following year. The secondary phosphate deposits may last another 30 years. The rehabilitation of mined land and the replacement of income from phosphates are serious long-term problems. Reserves of phosphates may only last until 2010 at current mining rates. 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 faced virtual bankruptcy. To cut costs the government has frozen wages and reduced overstaffed public service departments. Nauru lost further revenue in 2008 with the closure of Australia's refugee processing center, making it almost totally dependent on food imports and foreign aid. Housing, hospitals, and other capital plant is are deteriorating. The cost to Australia of keeping the government and economy afloat continues to climb. Few comprehensive statistics on the Nauru economy exist with estimates of Nauru's GDP varying widely.

Revenues of this tiny island traditionally have come from exports of phosphates. Few other resources exist, with most necessities being imported, mainly from Australia, its former occupier and later major source of support. In 2005 an Australian company entered into an agreement to exploit remaining supplies. Primary reserves of phosphates were exhausted and mining ceased in 2006, but mining of a deeper layer of "secondary phosphate" in the interior of the island began the following year. The secondary phosphate deposits may last another 30 years. 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 faced virtual bankruptcy. To cut costs the government has frozen wages and reduced overstaffed public service departments. Nauru lost further revenue in 2008 with the closure of Australia's Australia''s refugee processing center, making it almost totally dependent on food imports and foreign aid. Housing, hospitals, and other capital plant are deteriorating. The cost to Australia of keeping the government and economy afloat continues to climb. Few comprehensive statistics on the Nauru economy exist with estimates of Nauru's Nauru''s GDP varying widely.

Revenues of this tiny island traditionally have come from exports of phosphates. Few other resources exist, with most necessities being imported, mainly from Australia, its former occupier and later major source of support. In 2005 an Australian company entered into an agreement to exploit remaining supplies. Primary reserves of phosphates were exhausted and mining ceased in 2006, but mining of a deeper layer of "secondary phosphate" in the interior of the island began the following year. The secondary phosphate deposits may last another 30 years. 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 faced virtual bankruptcy. To cut costs the government has frozen wages and reduced overstaffed public service departments. Nauru lost further revenue in 2008 with the closure of Australia''s Australia's refugee processing center, making it almost totally dependent on food imports and foreign aid. Housing, hospitals, and other capital plant are deteriorating. The cost to Australia of keeping the government and economy afloat continues to climb. Few comprehensive statistics on the Nauru economy exist with estimates of Nauru''s Nauru's GDP varying widely.

Revenues of this tiny island - a coral atoll with a land area of 21 square kilometers - traditionally have come from exports of phosphates. Few other resources exist, with most necessities being imported, mainly from Australia, its former occupier and later major source of support. In 2005 an Australian company entered into an agreement to exploit remaining supplies. Primary reserves of phosphates were exhausted and mining ceased in 2006, but mining of a deeper layer of "secondary phosphate" in the interior of the island began the following year. The secondary phosphate deposits may last another 30 years. Earnings from Nauru’s export of phosphate remains an important source of income. 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 Although revenue sources for government faced virtual bankruptcy. To cut costs are limited, the government opening of the Australian Regional Processing Center for asylum seekers since 2012 has frozen wages and reduced overstaffed public service departments. Nauru lost further revenue sparked growth in 2008 with the closure of Australia's refugee processing center, making it almost totally dependent on food imports and foreign aid. economy. Revenue derived from fishing licenses under the vessel day scheme has also boosted government income. Housing, hospitals, and other capital plant are deteriorating. The cost to Australia of keeping the government and economy afloat continues to climb. Few comprehensive statistics on the Nauru economy exist with estimates of Nauru's GDP varying widely.

Revenues of this tiny island - a coral atoll with a land area of 21 square kilometers - traditionally have come from exports of phosphates. Few other resources exist, with most necessities being imported, mainly from Australia, its former occupier and later major source of support. Primary reserves of phosphates were exhausted and mining ceased in 2006, but mining of a deeper layer of "secondary phosphate" in the interior of the island began the following year. The secondary phosphate deposits may last another 30 years. Earnings from Nauru’s export of phosphate remains an important source of income. Few comprehensive statistics on the Nauru economy exist; estimates of Nauru's GDP vary widely.
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.
Although revenue sources for government are limited, the opening of the Australian Regional Processing Center for asylum seekers since 2012 has sparked growth in the economy. Revenue derived from fishing licenses under the vessel "vessel day scheme scheme" has also boosted government income. Housing, hospitals, and other capital plant are deteriorating. The cost to Australia of keeping the government and economy afloat continues to climb. Few comprehensive statistics on the Nauru economy exist with estimates of Nauru's GDP varying widely.

Revenues of this tiny island - a coral atoll with a land area of 21 square kilometers - traditionally have come from exports of phosphates. Few other resources exist, with most necessities being imported, mainly from Australia, its former occupier and later major source of support. Primary reserves of phosphates were exhausted and mining ceased in 2006, but mining of a deeper layer of "secondary phosphate" in the interior of the island began the following year. The secondary phosphate deposits may last another 30 years. Earnings from Nauru’s export of phosphate remains an important source of income. Few comprehensive statistics on the Nauru economy exist; estimates of Nauru's GDP vary widely.
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.
Although revenue sources for government are limited, the opening of the Australian Regional Processing Center for asylum seekers since 2012 has sparked growth in the economy. Revenue derived from fishing licenses under the "vessel day scheme" has also boosted government income. Housing, hospitals, and other capital plant are deteriorating. The cost to Australia of keeping the Nauruan government and economy afloat continues to climb.

Revenues of this tiny island - a coral atoll with a land area of 21 square kilometers - traditionally have come from exports of phosphates. Few other resources exist, with most necessities being imported, mainly from Australia, its former occupier and later major source of support. Primary reserves of phosphates were exhausted and mining ceased in 2006, but mining of a deeper layer of "secondary phosphate" in the interior of the island began the following year. The secondary phosphate deposits may last another 30 years. Earnings from Nauru’s export of phosphate remains an important source of income. Few comprehensive statistics on the Nauru economy exist; estimates of Nauru's GDP vary widely.
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.
Although revenue sources for government are limited, the opening of the Australian Regional Processing Center for asylum seekers since 2012 has sparked growth in the economy. Revenue derived from fishing licenses under the "vessel day scheme" has also boosted government income. Housing, hospitals, and other capital plant are deteriorating. The cost to Australia of keeping the Nauruan government and economy afloat continues to climb.

Revenues of this tiny island - a coral atoll with a land area of 21 square kilometers - traditionally have come from exports of phosphates. Few other resources exist, with most necessities being imported, mainly from Australia, its former occupier and later major source of support. Primary reserves of phosphates were exhausted and mining ceased in 2006, but mining of a deeper layer of "secondary phosphate" in the interior of the island began the following year. The secondary phosphate deposits may last another 30 years. Earnings from Nauru’s export of phosphate remains an important source of income. Few comprehensive statistics on the Nauru economy exist; estimates of Nauru's GDP vary widely.
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.
Although revenue sources for government are limited, the opening of the Australian Regional Processing Center for asylum seekers since 2012 has sparked growth in the economy. Revenue derived from fishing licenses under the "vessel day scheme" has also boosted government income. Housing, hospitals, and other capital plant are deteriorating. The cost to Australia of keeping the Nauruan government and economy afloat continues to climb.