Sign up to save your podcasts
Or
Share How the World's Richest Country Lost 90% of its GDP
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
How the World's Richest Country Lost 90% of its GDP
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 on 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%.
Learn more about your ad choices. Visit megaphone.fm/adchoices
View all episodes
By Economics Explained
4.5
139139 ratings
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 on 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%.
Learn more about your ad choices. Visit megaphone.fm/adchoices
More shows like Economics Explained
View all
Economist Podcasts
4,255 Listeners
Bloomberg Intelligence
398 Listeners
Money Talks from The Economist
920 Listeners
Goldman Sachs Exchanges
987 Listeners
Trumponomics
347 Listeners
Odd Lots
1,777 Listeners
Macro Musings with David Beckworth
377 Listeners
FT Tech Tonic
99 Listeners
Behind the Money
219 Listeners
FT News Briefing
699 Listeners
Debunking Economics - the podcast
44 Listeners
Think Like An Economist
264 Listeners
Patrick Boyle On Finance
164 Listeners
Moody's Talks - Inside Economics
284 Listeners
The Economics Show
98 Listeners