Source: world bank Nominal/PPP
Summary:
Nauru GDP Per Capita expanded from 1970 to 2024, increasing from $0.02 to $0.16 .The compound annual growth rate (CAGR) averaged 3.93% over the period. The economy recorded its peak level in 2021 and its lowest level in 1970. Growth volatility remained high. The maximum drawdown reached 66.67%, indicating the largest cyclical decline from peak levels. The country experienced 8 recession episode(s) during the observed period.
Nauru Economic Phases (1970 - 2024)
From 1970 to 2024, Nauru economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1971–1975) indicating robust economic expansion
- Expansion (1976–1978) indicating steady moderate growth
- High Growth (1979–1981) indicating robust economic expansion
- Contraction (1983–1984) indicating temporary slowdown
- High Growth (1988–1989) indicating robust economic expansion
- Contraction (1991–1992) indicating temporary slowdown
- Contraction (1996–1997) indicating temporary slowdown
- Contraction (1999–2000) indicating temporary slowdown
- High Growth (2003–2004) indicating robust economic expansion
- Contraction (2005–2006) indicating temporary slowdown
- High Growth (2008–2012) indicating robust economic expansion
- High Growth (2016–2018) indicating robust economic expansion
- Contraction (2019–2020) indicating temporary slowdown
- High Growth (2024–2024) indicating robust economic expansion
The most remarkable growth occurred in 2008 with an increase of 65.161%, while the largest decline was in 2007 at -22.032%.