The economic architecture of Nauru is substantial, anchored by a Gross Domestic Product (GDP) of approximately $154.17M
2023
. This places it as the 191st largest economy out of 192 countries measured, underscoring its significance on the world stage. On a per capita basis, GDP stands at $12.98K
2023
, while its GDP adjusted for Purchasing Power Parity (PPP) is estimated at $164.25M, offering a clearer picture of the population's domestic purchasing power. The economy is navigating a period of modest growth, recorded at 0.6%
2023
, accompanied by a stable price environment, with inflation (CPI) contained at -0.1%.
2012
On the global stage, Nauru's trade and financial dynamics reveal a complex interplay of international and domestic factors. The nation's economic activity is heavily reliant on foreign goods, running a considerable trade deficit with imports at 98.7% of GDP and exports at 42.7%
2023
. Furthermore, personal remittances from its diaspora are a vital component of the economy, amounting to a substantial $880.61K annually
2023
. The government's fiscal position is underpinned by a robust tax base, with tax revenue accounting for 44.4% of GDP, enabling significant public expenditure.
2020
The socio-economic landscape is characterized by a Gross National Income (GNI) per capita of $23,980
2023
, ranking the nation 42nd out of 191. This figure provides a comprehensive measure of the average income per person, reflecting the nation's overall economic well-being. The country achieves a relatively equitable distribution of income, reflected in a low Gini index of 32.4.
2012
In the environmental and energy sectors, the nation's policies and outcomes reflect its developmental priorities. The energy portfolio remains heavily dependent on conventional sources, with renewables contributing a modest 1.9%
2022
. This commitment places it 22nd among 191 countries, highlighting its relative progress in decarbonization. Total greenhouse gas emissions were last recorded at 1.2 tonnes of CO2 equivalent
2023
, a key factor in its national climate strategy and international obligations.

Key Economic Insights

Macroeconomic Health

Balancing growth, inflation, and employment remains the core challenge for economic stewardship.

Trade & Investment Profile

The orientation towards global trade and foreign investment is a defining feature of the economic landscape.

Social Equity & Distribution

Ensuring equitable distribution of economic gains is fundamental for long-term social and political stability.

Energy & Sustainability

A heavy dependence on fossil fuels poses significant long-term risks, including exposure to price volatility, energy insecurity, and climate change impacts.

More About This Country

Neighbors & Regional Peers

Note: The information on this page has been compiled from authoritative sources. While every effort is made to ensure accuracy, please note that some figures may not be current or entirely precise.