Nauru/Economy

Economy of Nauru

An overview of key economic indicators. Select a category for detailed trends, charts, and insights.

Explore Economic Domains

Growth & Output

Coming Soon
GDP (USD)
$154.2M(2023)
GDP PPP (USD)
$164.3M(2023)
GDP per Capita (USD)
$12,983(2023)
GDP Growth (inflation-adjusted)
0.6%(2023)
Inflation (CPI Annual %)
-0.1%(2012)

Trade & Finance

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Exports (as share of GDP)
42.7%(2023)
Imports (as share of GDP)
98.7%(2023)
Remittance Inflow (USD)
$880.6K(2023)
Tax Revenue (as share of GDP)
44.4%(2020)

Labor & Income

Coming Soon
GINI Index
32.4(2012)
GNI per Capita (USD)
$23,980(2023)

Energy & Environment

Coming Soon
Renewable Energy Consumption (%)
1.9%(2022)

Economic Snapshot Overview

A summary of key economic indicators for Nauru

  • The economic architecture of Nauru is substantial, anchored by a Gross Domestic Product (GDP) of approximately $154.17M
    2023
    . This places it as the 190th largest economy out of 191 countries measured, underscoring its significance on the world stage. On a per capita basis, GDP stands at $12.98K
    2023
    , while its GDP in Purchasing Power Parity (PPP) terms is estimated at $164.25M, reflecting the population's domestic purchasing power. The economy is seeing modest growth of 0.6%
    2023
    , accompanied by stable price levels, with inflation (CPI) at -0.1%
    2012
    .
  • On the global stage, the nation's trade and financial dynamics reveal a complex interplay of factors. The nation runs a trade deficit, with exports at 42.7% of GDP and imports at 98.7%
    2023
    . Additionally, personal remittances received amount to a substantial $880.61K annually
    2023
    , highlighting the economic importance of its diaspora. The government's fiscal position is supported by a strong tax base, with tax revenue accounting for 44.4% of GDP
    2020
    .
  • The socio-economic landscape is characterized by a Gross National Income (GNI) per capita of $23,980
    2023
    . Globally, this ranks the nation 42nd out of 190 in terms of GNI per capita, providing a clear measure of its national wealth relative to others. The country has a relatively equitable distribution of income, with a Gini index of 32.4
    2012
    .
  • On the environment and energy front, The energy mix is still heavily reliant on traditional sources, with renewables contributing 1.9%
    2022
    . Its commitment to clean energy places it 22nd among 190 countries for its share of renewable energy consumption.

Key Economic Insights

Macroeconomic Health

Maintaining a balance between growth, inflation, and employment is the central challenge for economic policymakers.

Trade & Investment Profile

The degree of openness to trade and foreign investment is a major determinant of economic structure and resilience.

Social Equity & Distribution

Distributing the benefits of economic growth equitably is crucial for social cohesion and long-term stability.

Energy & Sustainability

Heavy reliance on fossil fuels creates significant long-term risks related to climate change, price volatility, and energy security.

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.