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The GDP on Nauru plummeted by 90%. The country's GDP per resident was more than $50,000 in 1970. You can get a feel for Nauru's wealth by estimating the country's per capita GDP from 1970. Nauru's GDP in 1970 was second only to Saudi Arabia's. As of right now, more than 90% of the country's GDP has vanished entirely. Why did Nauru's economy collapse by 90%? In what ways can one go from being the wealthiest person on earth to the poorest? How did Nauru become one of the world's wealthiest countries, only to have 90% of its GDP wiped out today? Find out in this in-depth video analysis. Is there a single cause for Nauru's decline from affluence to poverty?