Economics Explained | How the World's Richest Country Lost 90% of its GDP @EconomicsExplained | Uploaded December 2022 | Updated October 2024, 5 hours ago.
In the 1980s Nauru was the richest country in the world on a per capita basis. Nauru's wealth can be entirely attributed to its deposits of Phosphate, a substance used in fertilizers. However, by the early 2000s they had completely run out of Phosphate the country's GDP declined by more than 90%.
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In the 1980s Nauru was the richest country in the world on a per capita basis. Nauru's wealth can be entirely attributed to its deposits of Phosphate, a substance used in fertilizers. However, by the early 2000s they had completely run out of Phosphate the country's GDP declined by more than 90%.
Check out our video about GDP on our second channel: youtube.com/watch?v=hVT2cjy8Pec&t=2s
This video was made possible by our Patreon community! ❤️
See new videos early, participate in exclusive Q&As, and more!
➡️ patreon.com/EconomicsExplained
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
The Economic Explained team uses Statista for conducting our research. Check out their YouTube channel: youtube.com/channel/UCuj2Bne141HGmYFsbkfnbqw
Enjoyed the video? Comment below! 💬
⭑ Enjoyed? Hit the like button! 👍
Check out our second channel Economics Explained Essentials → youtube.com/@economicsexplainedessentia551
✉️ Business Enquiries → hello@economicsexplained.com
🎧 Listen to EE on Spotify! 👉 https://anchor.fm/EconomicsExplained
Follow EE on social media:
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#Economics #Explained #EconomicsExplained
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ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY 👊🙏
Support EE by becoming a Patron today! 👉 patreon.com/EconomicsExplained
The video you’re watching right now would not exist without the monthly support provided by our generous Patrons:
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