tic representation: the US Ambassador to Fiji 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

@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. 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.

National product: GDP - purchasing power parity - $100 million (1993
est.)

National product real growth rate: NA%

National product per capita: $10,000 (1993 est.)

Inflation rate (consumer prices): NA%

Unemployment rate: 0%

Budget:
revenues: $69.7 million
expenditures: $51.5 million, including capital expenditures of $NA
(1986 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:
capacity: 14,000 kW
production: 30 million kWh
consumption per capita: 3,036 kWh (1993)

Industries: phosphate mining, financial services, coconut products

Agriculture: coconuts; other agricultural activity negligible; almost
completely dependent on imports for food and water

Economic aid:
recipient: Western (non-US) countries (1970-89), $2 million

Currency: 1 Australian dollar ($A) = 100 cents

Exchange rates: Australian dollars ($A) per US$1 - 1.3058 (January
1995), 1.3667 (1994), 1.4704 (1993), 1.3600 (1992), 1.2834 (1991),
1.2799 (1990)

Fiscal year: 1 July - 30 June

@Nauru:Transportation

Railroads:
total: 3.9 km; note - used to haul phosphates from the center of the
island to processing facilities on the southwest coast

Highways:
total: 27 km
paved: 21 km
unpaved: improved earth 6 km

Ports: