Why the World’s Richest Country Lost 90 of its GDP

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Not so long ago, the tiny island nation of Nauru was once the richest country in the world on a per capita basis. The island nation's wealth came entirely from its rich deposits of Phosphate, a compound needed for fertilizers. Unfortunately in recent times, Nauru economy has completely collapsed due to Phosphate deposits running dry leading to a 90% drop in GDP. Can Nauru once again become a wealthy nation after suffering such a devastating economic debacle? • Check Out More of Our Content! • Haiti The Dominican Republic:    • Video   • Cuba:    • HYPERINFLATION Continues to WREAK HAV...   • Dubai:    • Dubai the GIANT EVERYTHING Bubble tha...   • Mexico:    • EVERYTHING Will Be Made In MEXICO Not...   • • 00:00 Introduction • 01:12 History of Nauru • 04:12 Economic Collapse • 08:10 Nauru's Solution

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