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In the same year the Nauru government budget shows that income from licensing foreign fishing vessels was over US$3,000,000. Nauru needs to import almost all basic and capital goods, including food, water, fuel, and manufactured goods, with Australia and New Zealand as its major import sources. In 2004 Nauru's imports totaled about US$19.8 million.
Nauru is a phosphate-rock island with rich deposits near the surface, which allowed easy strip mining operations for over a century. However, this has seriously harmed the country's environment, causing the island nation to suffer from what is often referred to as the " resource curse ".
The Gondi family of Florence, financial partners of the Medici family in the 15th century. The Fugger family of mercantile bankers and venture capitalists, the richest family in the 16th century. [63] The Welser family, alongside the Fugger one of the most important families of merchant bankers in 16th-century Europe.
Nauru: Micronesia: High income 32.4 2012 32.36 2013 New Zealand: Australia and New Zealand: High income 32.00 2020 Oman: Western Asia: High income 30.09 2019 Pakistan: Southern Asia: Lower middle income 29.6 2018 29.59 2019 Panama: Central America: High income 48.9 2023 49.60 2022 Peru: South America: Upper middle income 40.3 2022 40.25
Image credits: Sea_Pop_772 Only 12% of the 3,000 respondents said they consider themselves wealthy and only 4 in 10 people who are objectively wealthy, with assets of more than $2 million, said ...
The Nauru Phosphate Royalties Trust (NPRT) was a sovereign wealth fund developed by the government of the Republic of Nauru in which the government invested money from the state-owned mining company, Nauru Phosphate Corporation.
Image credits: mattypantts #4. Having multiple baby mommas, not raising your kids, filing for bankruptcy, being a felon, eating fast food, not being educated and using the word very to describe ...
Nauruan warrior, 1880. Nauru was settled by Micronesians around 3,000 years ago, and there is evidence of possible Polynesian influence. [1] Nauruans subsisted on coconut and pandanus fruit, and engaged in aquaculture by catching juvenile ibija fish, acclimated them to freshwater conditions, and raised them in Buada Lagoon, providing an additional reliable source of food. [2]