Nauru has a tropical rainforest climate, and there are no rivers in China, with an average daily temperature of about 30 degrees Celsius. In terms of area, Nauru is the smallest of all independent countries. However, its per capita national income is high, and its national welfare is not inferior to that of western countries. Free services such as housing, lighting, telephone and medical care are provided all over the country. For thousands of years, countless seabirds have come to inhabit this island, leaving a lot of bird droppings on the island. After years of chemical changes, bird droppings have become a layer of high-quality fertilizer with a thickness of 10 meter, which is called "phosphate rock". 80% of the country's land is rich in this mineral deposit, and Nauru people "get rich" by phosphate rock, with an average annual income of 8,500 US dollars.
As a single economy, Nauru used to be the richest man in the Pacific island countries, but its current economic and financial situation is extremely difficult, and it relies heavily on foreign aid and loans.
Gross domestic product: 49.5 million Australian dollars (1996).
Per capita GDP: 4300 Australian dollars (1996).
3800 Australian dollars (1998).
Currency: Universal Australian Dollar.
The mining industry is rich in phosphate resources, and the main source of income is the export of phosphate to Australia and New Zealand. In 1970s and 1980s, its annual output and export volume were about 6,543.8+0,000 ~ 6,543.8+0.5 million tons. Since the 1990s, the output has been declining year by year. In 2002, it dropped to about 200,000 tons, and in 2003 it was less than 654.38+10,000 tons. The output in 2004 was only about 40,000 tons. At present, there are few phosphate reserves left, and the grade is also declining.
1989, Nauru sued Australia in the International Court of Justice, demanding that Australia compensate for the ecological damage caused by phosphate mining before Nauru's independence. 1993, Australia reached an out-of-court settlement, and Australia agreed to compensate Australia/kloc-0.07 million Australian dollars, of which 57 million was paid in cash to establish a trust fund, and another 50 million was allocated for 20 years (2.5 million Australian dollars per year) for the projects agreed by both parties.
Agricultural products are very limited, mainly coconuts. Almost all food and drinking water depend on imports.
Fishery resources are abundant. Nauru has an exclusive economic zone of 200 nautical miles, rich in tuna, and its potential fishing capacity is about 40,000 tons per year, which needs to be developed. The government earns 6 million to 8 million Australian dollars a year by issuing fishing licenses.
Transportation railway: 3.9 kilometers long, connecting the phosphate mining area in the central part of the island and the processing plants in the southwest coast.
Highway: There is an asphalt highway around the island, with a total length of 24 kilometers, and other highways are 6 kilometers.
Water transport: There are regular cargo ships sailing between Australia and Nauru. The Nauru Fisheries Agency currently has two fishing boats. There are two small docks in Nao, one is 1 cargo dock, which can transfer and load goods by barge, and the other is a small dock for fishing boats to enter and exit.
Air transport: Nauru Airlines owns 1 Boeing 737, and has scheduled flights to Australia, Fiji, Kiribati, Marshall, Solomon and other places.
Finance and money
The fiscal revenue and expenditure in the last three fiscal years are as follows (unit: A $10,000):
200 1/02 fiscal year 2002/03 fiscal year 2003/04 fiscal year
Income 3265 3990 1365
Expenditure 7139 51981361
Difference -3874-1208 4
(Source: Nauru Ministry of Finance)
1989, the Nauru government began to run a fiscal deficit. The Bank of Nauru closed down in 1995, and the Nauru government was in a serious financial crisis. From July 65438 to June 2003, Nauru's fiscal deficit totaled 58.49 million Australian dollars. In order to solve the financial problem, the Nauru government has taken measures such as selling five planes, three ships and Nauru investors' passports, and limiting the outflow of funds, but with little effect. Nau is heavily in debt and owes a high-interest loan of A $240 million to General Electric Finance Company of the United States. Nau's assets in Australia were auctioned by the asset supervisor entrusted by creditors. The debt owed to the Export-Import Bank of the United States is140,000 USD.
In recent years, Nau's offshore financial business has been criticized and sanctioned by the West, and its banking business has also been frozen. Since 2004, Nauru Parliament has passed a series of bills to restrict domestic financial irregularities.
Foreign trade 1996, the total foreign trade is 67.42 million Australian dollars, including 29.42 million Australian dollars imported and 38 million Australian dollars exported. 197 The total foreign trade volume was 72180,000 Australian dollars, of which 38180,000 Australian dollars were imported and 34 million Australian dollars were exported. Mainly exporting phosphate, importing food, drinking water and various production and daily necessities. In 2003, the main exporting countries were Japan, India, South Korea, Australia and the United Kingdom, while the importing countries were Australia, Malaysia, the United States, Indonesia and the United Kingdom.
Foreign aid mainly comes from Australia.
200 1, 1 In February, Nauru and Australia signed a memorandum on refugee issues, and Australia established a refugee screening center in Nauru, and provided Nauru with100000 aid for education, health and infrastructure construction. From June, 5438 to February, 2002, Nauru-Austria signed a second memorandum on refugee issues, providing Nauru with1450,000 Australian dollars.
In March 2004, Australia signed the third memorandum on refugee issues. Australia will provide 22.5 million Australian dollars in aid to Australia before June 2005, and send senior financial and police officials to Australia to assist in management.
People's life is free, 1 hospital, 3 doctors. There are also 1 1 Cuban doctors who help China.
There are domestic and international telephone services, including Internet services. There were about 400 telephones in 2004, but the telecommunications facilities were backward and the service was often interrupted.