Australia vs Nauru: Economic Indicators Comparison

Australia with a GDP of $1.4T ranked the 13th largest economy in the world, while Nauru ranked 195th with $125.6M. By GDP per capita, Australia and Nauru ranked 13th vs 74th, respectively.

Gross Domestic Product & Income

Stat	Australia	Nauru
GDP	$1.4T	$125.6M
GDP growth, 1 year	2.8%	5.7%
GDP growth, 5-years average	2.6%	N/A
Population	24.5M	14k
GDP per capita	$57k	$9.9k
GDP per capita growth	1.33%	7.13%
Purchasing Power Parity conversion factor	1.43	0.77
Price level ratio of PPP conversion factor GDP to market exchange rate	1.11	0.6
GDP per capita, PPP adjusted	$52k	$17k
GNI, Atlas method	$1.3T	$153.2M
GNI per capita	$53k	$12k
GNI, PPP adjusted	$1.3T	$266.1M
GNI per capita, PPP adjusted	$50k	$21k

Financial system and Human development

Stat	Australia	Nauru
Income Tax Rate	45%	N/A
Corporate Tax Rate	30%	N/A
Inflation, consumer prices	2%	N/A
Inflation, GDP deflator	1.9%	1.5%
Unemployment	5.4%	13.3%
Economic Freedom Index	82.6	60
Personal Freedom Index	9.29	6.3
Human Freedom Index	8.73	6.2
Property Rights Index	82.8	N/A
Judical Effectiveness Index	86.1	N/A
Business Freedom Index	87.8	N/A
Fiscal Health Index	91.8	N/A
Labor Freedom Index	84	N/A
Investment Freedom Index	80	N/A
Financial Freedom Index	90	N/A
Trade Freedom Index	88.2	N/A
Monetary Freedom Index	86.2	N/A
Government Spending Index	61.6	N/A
Tax Burden Index	63	N/A
Government Integrity Index	89.3	N/A
Corruption Perceptions Index	77	56
Life expectancy at birth, years	82.5	59.7
Suicide mortality rate, per 100,000 people	13.2	0.2
Mortality caused by road traffic injury, per 100,000 people	5.6	1
Intentional homicides, per 100,000 people	0.8	0
International tourism, number of arrivals	9.2M	N/A

Government debt & reserves

Stat	Australia	Nauru
Central government debt, % of GDP	40.7%	N/A
External debt stocks, % of GNI	N/A	N/A
External debt stocks	N/A	N/A
Short-term debt, % of total reserves	N/A	N/A
Total debt service, % of exports and primary income	N/A	N/A
Adjusted net savings including particulate emission damage, % of GNI	5.6%	N/A
Gross savings, % of GDP	21.7%	N/A
Gross capital formation, % of GDP	24.5%	N/A
Total reserves including gold	$53.9B	N/A
Foreign direct investment net inflows	$60.3B	$0

Exports, imports and economic structure

Stat	Australia	Nauru
Exports of goods and services, % of GDP	21.8%	48.8%
Imports of goods and services, % of GDP	21.4%	101.7%
Current account balance (balance of payments)	-$29.7B	$8.4M
Revenue excluding grants, % of GDP	25.7%	96.8%
Grants excluding technical cooperation, BoP	N/A	$23.7M
Personal remittances received	$1.9B	$6.5M
Industry including construction value added, % of GDP	24.1%	5.5%
Agriculture, forestry and fishing value added, % of GDP	2.5%	3.6%
Charges for the use of intellectual property, payments BoP	$3.6B	N/A
Charges for the use of intellectual property, receipts BoP	$973.4M	N/A
Expense, % of GDP	26.1%	85%
Government Expenditure, % of GDP	35.8%	N/A