How the World’s Richest Country Lost 90% of its GDP

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In the 1980s Nauru was the wealthiest nation on the planet on a per head basis. Nauru’s wide range can be totally credited to its down payments on Phosphate, a material utilized in plant foods. By the very early 2000s they had actually entirely run out of Phosphate the nation’s GDP decreased by even more than 90%.

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In the 1980s Nauru was the wealthiest nation in the globe on a per capita basis. Nauru’s wide range can be completely associated to its down payments on Phosphate, a material utilized in plant foods. By the very early 2000s they had actually totally run out of Phosphate the nation’s GDP decreased by even more than 90%.