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In the same year the Nauru government budget shows that income from licensing foreign fishing vessels was over US$3,000,000. Nauru needs to import almost all basic and capital goods, including food, water, fuel, and manufactured goods, with Australia and New Zealand as its major import sources. In 2004 Nauru's imports totaled about US$19.8 million.
Since 1992, Nauru's birth rate has exceeded its death rate; the natural growth rate is positive. In terms of age structure, the population is dominated by the 15–59-year-old segment (57%). The median age of the population is 21.6, and the estimated gender ratio of the population is 101.8 males per 100 females.
UBS publishes various statistics relevant for calculating net wealth. These figures are influenced by real estate prices, equity market prices, exchange rates, liabilities, debts, adult percentage of the population, human resources, natural resources and capital and technological advancements, which may create new assets or render others worthless in the future.
Nauru is a phosphate-rock island with rich deposits near the surface, which allowed easy strip mining operations for over a century. However, this has seriously harmed the country's environment, causing the island nation to suffer from what is often referred to as the " resource curse ".
Nauruans were classified into three social classes: temonibes (senior members of senior clans), amenengames (middle class) and the itsios (serf class). [4] While temonibes and amenengames were determined at birth, itsio were usually allocated by being prisoners of war, and were often treated as goods.
Image credits: Amy Sussman / Getty #4 Céline Dion. Born into a working-class family in the Canadian province of Quebec, Céline is the youngest of 14 siblings. Growing up, the superstar shared a ...
The Nauru Phosphate Royalties Trust (NPRT) was a sovereign wealth fund developed by the government of the Republic of Nauru in which the government invested money from the state-owned mining company, Nauru Phosphate Corporation.
In the 2022 parliamentary election, Thoma was successfully elected to the Parliament of Nauru, alongside Rennier Gadabu, who won re-election. Thoma unseated Milton Dube . [ 3 ] On 29 September, Thoma was appointed to President Russ Kun 's cabinet, as Deputy Minister for the Republic of Nauru Phosphate Corporation (RONPHOS). [ 4 ]