Nauru is a small island nation located in the South Pacific Ocean. It has a population of just over 11,000 people and a GDP of $120 million. The economy of Nauru is largely dependent on phosphate mining, which accounts for around 90% of its exports. The country also relies heavily on foreign aid and remittances from its citizens living abroad.

Nauru has seen a steady growth in its economy over the past few years, with GDP growth averaging around 3.5% annually. The unemployment rate is low, at just 4.2%, and the inflation rate is also low, at 1.2%. The country has a relatively low debt-to-GDP ratio of just over 20%.

Nauru has a strong banking sector, with two major banks operating in the country. The banking sector is well-regulated and has been able to weather the global financial crisis relatively well. The country also has a strong tourism sector, with over 10,000 visitors each year.

Overall, Nauru has a small but stable economy that is largely dependent on phosphate mining and foreign aid. The country has seen steady growth in recent years and has a low unemployment and inflation rate. The banking sector is well-regulated and the tourism sector is growing.