(WIPO code: NR) (latest review March 2021)

by PHILLIPS ORMONDE FITZPATRICK – Patent & Trade Mark Attorneys, Melbourne, Australia

General Information

Area

21 sq. km.

Population

11,000 (estimated July 2019).

Capital

Yaren (district).

Languages

Nauruan; English is spoken and understood by most.

Currency

Australian dollar (AUD); 1 dollar = 0.77 U.S. dollar (January 2021).

Economy

Phosphates. The primary reserves were depleted in 2006. The secondary reserves are expected to last another thirty years.

General Remarks

The tiny island of Nauru lies about 2,500 miles northeast of Sydney, Australia, and is the world's smallest independent republic. Nauru's GDP varies widely and few comprehensive statistics on the Nauru economy exist. However, the re-opening of the Australian Refugee Processing Center in 2012 and fishing licenses under the "vessel day scheme" has bolstered Nauru's economy. Nauru's housing, hospitals and other capital plant are deteriorating.