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HarryGibson Offline



Beiträge: 7

29.01.2023 13:44
Economy of Nauru Antworten

Nauru is considered a developing country. A nation's level of development is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality and quality of life. As a developing country, Nauru may not be able to provide consistent social services to its citizens. These social services can include things like public education, reliable health care, and law enforcement. Citizens of developing countries can have a lower life expectancy than citizens of developed countries. Each year, Nauru exports about US$0.057 billion and imports about US$0.126 billion. 22.9% of the country's population is unemployed. The total number of unemployed in Nauru is 2,590. The country's Gini index is 67. Nauru suffers from severe inequality. The gap between the richest and poorest citizens in this country is quite obvious and highly significant, resulting in dramatically different living standards for rich and poor citizens.

Currency
The currency of Nauru is the Nauru Dollar. The plural form of the word Nauru dollar is dollars. The symbol used for this currency is $ and is abbreviated as AUD. The Nauru Dollar is divided into cents; there are 100 in a dollar.

Credit rating
Creditworthiness is the degree to which international investors trust a country to pay off debt and honor the country's lending commitments. There is no information about the creditworthiness of Nauru.

Central bank
national debt
Nauru has a public debt of 34.4% of the country's gross domestic product (GDP) as estimated in 2012.

Control information
Corporate tax in Nauru is 30%. VAT in Nauru is 0%.

Finances
The total Gross Domestic Product (GDP) valued at Purchasing Power Parity (PPP) in Nauru is US$0.06 billion. Gross Domestic Product (GDP) per capita in Purchasing Power Parity (PPP) per capita in Nauru was last recorded at $0 million. PPP in Nauru is considered below average compared to other countries. Below-average PPPs indicate that citizens in this country find it difficult to buy local goods. Local goods can include food, shelter, clothing, healthcare, personal hygiene, essential furnishings, transportation and communications, laundry, and various types of insurance. Countries with below-average purchasing power parities are dangerous locations for investments. The total gross domestic product (GDP) in Nauru is 0 billion. Based on this statistic, Nauru is considered a small economy. Countries with small economies generally support fewer industries and investment opportunities. However, worthwhile investment opportunities can be found. Gross domestic product (GDP) per capita in Nauru was last seen at $0 million. The average citizen in Nauru has very little wealth. Countries with very low wealth per capita often have lower life expectancies and a dramatically lower quality of life for their citizens. In countries with very low levels of prosperity, it can be very difficult to find a highly skilled workforce as it is difficult for citizens to obtain the education required for specialized industries. However, labor can be found at very low rates compared to countries with higher wealth per capita. The annual GDP growth rate in Nauru averaged 0% in 2014. According to this percentage, Nauru is currently experiencing modest growth.

https://www.confiduss.com/en/jurisdictions/nauru/economy/

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