Republic of Nauru (independent)
Who & why: Nauru becomes fully independent of Australian, British, and New Zealand trusteeship on 31 January 1968, still celebrated as Angam Day's companion national holiday and the island's founding date as a sovereign republic. With a land area of about 21 square kilometers and a population that has never much exceeded 10,000–13,000, it ranks among the smallest countries in the world by both measures. Phosphate royalties briefly made it, per capita, one of the wealthiest nations on Earth through the 1970s and into the 1980s, before decades of heavy mining exhausted much of the easily worked reserve and left the interior badly degraded.
What it represents: the narrow gold stripe across the blue field marks the equator, which Nauru sits just south of; the white star, with its twelve points, stands for the island's twelve original tribes, and its position below the stripe and toward the hoist marks Nauru's own location just beneath the line.