Are the nauruans rich?

Lacey Kulas asked a question: Are the nauruans rich?
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Date created: Wed, Jun 2, 2021 3:36 AM

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Nauru is technically the richest country in the world, body for body and acre for acre, because the Government's annual income from the sale of phosphate is at least $123 million, or more than ...

The island’s population of 9,000 is filthy rich due to phosphate, second only to the oil kings of Saudi Arabia in terms of per capita wealth. Nauruan residents don’t have to work too much, as their government has set up a trust fund that will manage the phosphate profits, giving them a large safety net for years to come after years of colonial mismanagement.

Nauruans are a nation and an ethnic group indigenous to the Pacific island country of Nauru. They are most likely a blend of Micronesian, Melanesian and Polynesian ancestry. [1]

The economy of Nauru is tiny, based on a population in 2019 of only 11,550 people. The economy has historically been based on phosphate mining. With primary phosphate reserves exhausted by the end of the 2010s, Nauru has sought to diversify its sources of income.

This small coral island in the middle of the Pacific Ocean is home to about 10,000 people. Initially, Nauru was inhabited by 12 indigenous tribes or clans but, now the ethnic composition stands at Nauruans- 58%, other Pacific Islanders – 26%, Chinese- 8% and Europeans- 8%. The majority of the population is Christian. Nauruan is the official language of the nation, however, being a former ...

In fact Nauruans were among the richest people, per capita, in the world. Hardly anyone thought of investing the money. Dollar notes were even used as toilet paper

6. It was once the world’s richest country. So rich were Nauru’s phosphate reserves that for a brief period in the Sixties it had the highest per capita GDP in the world.

Landowners received royalties from the phosphate earnings, and many Nauruans were unemployed by choice. By the late 20th century, however, the phosphate deposits were quickly becoming exhausted, and Nauru experienced a severe drop-off in earnings, leading to the country’s near bankruptcy by the early years of the 21st century.

The island has an area of eight square miles, about a third the size of Manhattan, and it is so remote that the nearest island of any size is hundreds of miles away. But Nauru generates wealth ...

Nauruans are a nation and an ethnic group indigenous to the Pacific island country of Nauru. They are most likely a blend of Micronesian, Melanesian and Polynesian ancestry. The indigenous peoples of Oceania are Polynesians, Melanesians, Micronesians, Papuans and Australian Aboriginals.

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