Nauru's phosphate deposits began to be mined early in the 20th century by a German-British consortium; the island was occupied by Australian forces in World War I. Nauru achieved independence in 1968 and joined the UN in 1999. Nauru is the world's smallest independent republic.

Nauru Country Profile

Revenues of this tiny island have traditionally come from exports of phosphates, now significantly depleted. An Australian company in 2005 entered into an agreement intended to exploit remaining supplies. Few other resources exist with most necessities being imported, mainly from Australia, its former occupier and later major source of support. The rehabilitation of mined land and the replacement of income from phosphates are serious long-term problems. In anticipation of the exhaustion of Nauru's phosphate deposits, substantial amounts of phosphate income were invested in trust funds to help cushion the transition and provide for Nauru's economic future. As a result of heavy spending from the trust funds, the government faces virtual bankruptcy. To cut costs the government has frozen wages and reduced overstaffed public service departments. In 2005, the deterioration in housing, hospitals, and other capital plant continued, and the cost to Australia of keeping the government and economy afloat continued to climb. Few comprehensive statistics on the Nauru economy exist, with estimates of Nauru's GDP varying widely.

Nauruan natural resources include phosphates, fish

Nauru is one of the three great phosphate rock islands in the Pacific Ocean - the others are Banaba (Ocean Island) in Kiribati and Makatea in French Polynesia; only 53 km south of Equator

Nauruan religion is Christian (two-thirds Protestant, one-third Roman Catholic).

Natural hazards in Nauru include periodic droughts.