Nauru and it's economy. The present state. Read more below.✓>>👇

Nauru is a small island nation located in the Pacific Ocean. It has a population of around 11,000 people and an area of just 21 square kilometers. The economy of Nauru is heavily dependent on phosphate mining, which has been the primary industry on the island since the early 20th century.

Phosphate mining has significantly impacted the environment of Nauru, as much of the island's land has been stripped of its vegetation and topsoil. The mining industry has also led to economic and social problems on the island, as it has created a dependency on a single industry and has not generated significant employment opportunities for the local population.

In recent years, the Nauruan government has attempted to diversify the economy by investing in tourism, fishing, and offshore banking. However, these efforts have been limited by the island's small size and lack of infrastructure.

Nauru also receives significant financial aid from other countries, particularly Australia, which has provided assistance in areas such as health, education, and infrastructure development. However, despite this aid, Nauru continues to face significant economic challenges, including high levels of debt, limited job opportunities, and a lack of economic diversity.