
How the World's Richest Country Lost 90% of its GDP
Economics Explained
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Nehru on the Economics Explained National Leaderboard
Nehru has a GDP of $133 million, making it the third smallest economy in the world. Growth was obviously very strong in the 1970s and 80s as their phosphate exports allowed them to become the richest country in the World. After running out of phosphate in the 1990s, their GDP fell by more than 90%. However, the economy has exhibited strong growth since then, growing at an average annualized rate of 7% per year. The growth has been almost entirely driven by the attention centers in foreign aid. And finally, Nehru's main industry is outsourced refugee detention centers.
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