Saturday, June 19, 2010

Nauru, Yaren Cost of Living April 2010

Country Full Name: Republic of Nauru.

Location: Nauru is an island in the South Pacific Ocean, south of the Marshall Islands.

Country Climate: Tropical with a monsoonal pattern; rainy season (November to February).

Country Terrain: Sandy beach rises to fertile ring around raised coral reefs with phosphate plateau in center.

Major Languages: Nauruan, English.

Major Religions: Christianity.

Country Population: 0.014 million (2008 est.) 0.014 million (2009 est.).

Country Economy: Nauru is the world's smallest island nation and joined the UN in 1999 as the world's smallest independent republic. Revenues of Nauru have traditionally come from exports of phosphate rock. Primary phosphate reserves were exhausted, and mining ceased, but in 2006-07, mining of a deeper layer of secondary phosphate began. It is hoped that this economic activity might lift Nauru from the bottom rung of global GDP per capita. The only other major source of government revenue is sale of fishing rights in Nauru's territorial waters.

Currency: Australian Dollar (AUD).

Country Inflation: N/A.

City: Yaren is a district and constituency of the Pacific nation of Nauru. It is the de facto capital of Nauru.

City Economy: Yaren is listed as the de facto capital of Nauru as the republic does not have cities or an official capital. Yaren is accepted by the United Nations as the main district.
Cost of Living: Yaren has an overall cost of living index which equates it with high cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups. Yaren is currently ranked 73 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

For more cost of living information on Nauru, Yaren