Source: world bank Nominal/PPP
Summary:
Nauru GDP Per Capita expanded from 1970 to 2024, increasing from $2,618.53 to $13,609.16 .The compound annual growth rate (CAGR) averaged 3.1% over the period. The economy recorded its peak level in 2021 and its lowest level in 2002. Growth volatility remained high. The maximum drawdown reached 68.39%, indicating the largest cyclical decline from peak levels. The country experienced 9 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
- Contraction (1976–1977) indicating temporary slowdown
- Expansion (1978–1980) indicating steady moderate growth
- Contraction (1986–1987) 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 65.343%, while the largest decline was in 2007 at -21.923%.