(WIPO code: NR) (last revised May 2023)
by PHILLIPS ORMONDE FITZPATRICK – Patent & Trade Mark Attorneys, Melbourne, Australia
Nauru
General Information
Area
21 sq. km.
Population
9,852 (2023).
Capital
Yaren (district).
Languages
Nauruan; English is spoken and understood by most.
Currency
Australian dollar (AUD); 1 dollar = 0.66 U.S. dollar (March 2023).
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.