Nauru and ADB

In the Spotlight

Overview

The economy of Nauru grew strongly in 2014, boosted by the reopening of Australia’s Regional Processing Centre for asylum seekers, and the liquidation of the Nauru Phosphate Royalties Trust. Despite these increases in revenue, Nauru faces many serious development challenges. The country has almost no private sector, little arable land, limited freshwater supply, and extremely high levels of debt. The government also has limited sources of internal revenue. Education outcomes are improving, but are still poor by international standards, and have contributed to high rates of youth unemployment. Meanwhile, Nauru’s levels of noncommunicable diseases such as diabetes and cancer, are among the highest in the world.

The country operations business plan, 2015-2017 continues the strategic direction of ADB in Nauru in the areas of public sector management and energy, and introduces transport into the program with a port project planned for 2016.


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Fast Facts

0.01(2014) Population in millions

1.8%(2009-2014) Average annual population growth rate

Download 2015 Basic Statistics