Nauru 2002

Yearbook 2002

Nauru. In July, the government changed course in China. According to Countryaah website, national day of Nauru is every January 31. Diplomatic relations were established with China at the same time as the 22-year-old relations with Taiwan were broken. Taiwan called the policy “dollar diplomacy” because China promised Nauru $ 137 million in aid.

Nauru Border Countries Map

Economy

Inflation rate 5.10%
Unemployment rate 23%
Gross domestic product (GDP) 160,000,000 USD
GDP growth rate 4.00%
GDP per capita $ 12,300
GDP by sector
Agriculture 6.10%
Industry 33.00%
Service 60.80%
State budget
Revenue 13.5 million
Expenditure 13.5 million
Proportion of the population below the national poverty line
Distribution of household income
Top 10% k. A.
Lower 10% k. A.
Industrial production growth rate
Investment volume
National debt 62.00% of GDP

 

In the fall of 2001, Nauru received about 1,000 boat refugees who tried to make their way to Australia, but were denied land there. As compensation, Nauru received $ 30 million from Australia. A year later, it was still unclear where the refugees, both the few who were granted asylum and those who were denied asylum, would take the road. The Nauru government and Amnesty International criticized Australia.

Nauru is one of the seven countries that remain on the OECD’s black list of tax havens and who are threatened by sanctions if they do not accept greater transparency in the banking business.