Infrastructure upgrades will likely be the primary drivers of growth
over the next 2 years. The September 2012 reopening of the Regional
Processing Centre (RPC) in Nauru for asylum seekers attempting ...
Australia without authorization is projected to boost economic growth to
8% in FY2013 and FY2014 through its impact on construction, hotels and
accommodation, restaurants, and retail trade, as well as on government
finances. The RPC, which currently holds around 400 refugees and
directly employs 200 Nauruans in a population of 10,086, is expanding
to a capacity of 1,500 asylum seekers. Partial repayment of government
salaries in arrears, equivalent to 1.3% of GDP and funded by RPC-related
revenues, will likely boost domestic consumption.
Meanwhile, the government expects phosphate production to slow
from 519,000 tons in FY2012 to 450,000 tons in FY2013 because of poor
weather and disruptions caused by the RPC’s commandeering of mining
equipment to clear land for construction (Figure 3.38.4). The phosphate
industry employs about 700 Nauruans.
Sources: Republic of Nauru Phosphate Company; Nauru Bureau of Statistics ( http://www.naurugov.nr/government/departments/department-of-finance-and-economic-planning.aspx )
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