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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.
Nauru (/ n ɑː ˈ uː r uː / nah-OO-roo [13] or / ˈ n aʊ r uː / NOW-roo; [14] Nauruan: Naoero), officially the Republic of Nauru (Nauruan: Repubrikin Naoero) and formerly known as Pleasant Island, is an island country and microstate in Micronesia, part of the Oceania region in the Central Pacific.
The government puts profits from the mining into a trust for the islanders. This trust reached a peak of A$1 billion, returning approximately 14% annually. Poor investments and corruption have left the trust fund nearly empty and therefore Nauru with little money. In the year 1948, revenues from phosphate mining were A$745,000.
For much of the past decade, policymakers and analysts have decried America's incredibly low savings rate, noting that U.S. households save a fraction of the money of the rest of the world.
Image credits: Sea_Pop_772 Only 12% of the 3,000 respondents said they consider themselves wealthy and only 4 in 10 people who are objectively wealthy, with assets of more than $2 million, said ...
Just over two weeks earlier, media coverage of the July 2013 riot at the Nauru detention centre was restricted. [8] Police confiscated a video recording of a parliamentary session from Nauru Television in May 2000. [9] In January 2014, the visa cost for foreign journalists rose from $200 to $8000.
On the tiny island nation, which has a land area of just 21.1 sq km (8.1 sq miles), China's state television CCTV has moved even more quickly, filing its first report from Nauru on the same day ...
Obesity is a major issue for the Republic of Nauru. The World Health Organization (WHO) has estimated that 94.5% of Nauruans are overweight or obese, Nauruans in the age 27-40 years old have a weight more than 100 kg. with an obesity rate of 71.7%. [1] Nauru is known to have the highest rates of obese inhabitants worldwide. [2]