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In [[Vallejar]], everything related to the economic sphere is consistently studied and analyzed meticulously and effectively, both by the government and by independent national and international organizations, especially in the [[Vallos|Vallos region]], where Vallejar maintains a significant market presence.  
{{Infobox economy
[[File:Vallejar economic center, Lorca.jpg|thumb|Vallejar economic center, Lorca]]
| country = Vallejar
The reason why the economic sphere in Vallejar holds such importance is intertwined with the country's history, which has endured scarcity and hardship for many centuries, primarily due to wars and foreign powers attempting to subjugate the region centuries ago. This created both resentment and an ethical value in the population, leading to the ratification in the Vallejarian constitution after [[Vallerjarian War of Independence|independence]] that national sovereignty, and therefore economic sovereignty, rests with the Vallejarian citizens.
| image = Vallejar economic center, Lorca.jpg
| image_size = 300px
| caption = [[Lorca]], the {{wp|Financial centre|financial capital}} of Vallejar
| currency = [[Peseta]] (VPT, $)
| year = {{wp|Calendar year}}
| organs =
| group = {{plainlist|
*{{wp|Developing country|Developing}}
*{{wp|Newly industrialized country|upper-middle income economy}}}}
| gdp = {{increase}} $1,184,891,274,207.81 (nominal, 2033 est.)
| gdp rank =
| growth = 1.3% (2027)
| per capita = {{increase}} $34,281.29 (nominal, 2033 est.)
| per capita rank =
| sectors = *{{wp|Primary sector of the economy|agriculture}}: 12.2%
*{{wp|Secondary sector of the economy|industry}}: 52.5%
*{{wp|Tertiary sector of the economy|services}}: 35.3%
| components =
| inflation = 1.9% (2033)
| bankrate =
| poverty = {{decreasePositive}} 0.7% (2033)
| gini = {{decreasePositive}} 33.3 {{color|darkorange|medium}}
| hdi = 0.812
| labor =
| occupations =
| unemployment = 2.8%
| average gross salary = $27,982 (2033)
| gross median =
| average net salary = $22,385.60 (2033)
| net median =
| industries = {{hlist|{{wp|Defense industry|Defense}}|{{wp|Healthcare industry|healthcare}}|{{wp|consumer goods}}|{{wp|electronics}}|{{wp|food processing}}|{{wp|information technology}}|{{wp|telecommunications}}|{{wp|textiles}}}}
| edbr = {{increase}} {{wp|Ease of doing business index#Ranking|Easy (2033)}}
| exports = {{hlist|{{wp|Beverages}}|{{wp|Military equipment}}|{{wp|consumer goods}}|{{wp|food processing}}}}
| export-goods =
| export-partners = {{ublist|{{flag|Almadaria}}|{{flag|Pelaxia}}|{{flag|Puertego}}|{{flag|Rumahoki}}|{{flag|Takatta Loa}}| (2033)}}
| imports =
| import-goods =
| import-partners =
| FDI =
| current account =
| gross external debt = $24.63 billion (31 December 2033 est.)
| NIIP =
| debt = {{decreasePositive}} 2.1% of GDP (FY 2033)
| balance = $605 billion (FY 2033)
| revenue = $5.63 billion
| expenses = $599.37 billion
| aid =
| credit = |reserves
}}
The '''economy of Vallejar''', characterized by its dependence and development in the military, medical, and technological sectors, is an {{wp|Newly industrialized country|upper-middle income}} {{wp|Developing country|developing}} {{wp|mixed economy}}. The economic domain is subject to rigorous and effective examination by both governmental bodies and independent domestic and international organizations. This scrutiny is particularly pronounced in the Vallos region, where Vallejar possesses a notable market presence amongst its various neighbors. The economy is noted for stable industrial relations, as well as its fairly low unemployment and inflation rates, especially relative to the proximal nations of Vallos and southern Sarpedon.


Vallejar's economy is segmented or divided into various economic sectors, as the diversification of the economy is a strong point, greatly aiding in resisting different economic crises faced by the global economy.
Vallejar's economic framework is organized into distinct sectors, reflecting a deliberate focus on diversification as a strategic imperative. This intentional diversification is recognized for its role in enhancing the resilience of the economy, enabling it to withstand various economic challenges encountered on a global scale.


The significance attributed to the economic domain in Vallejar is intricately linked with the historical implication of enduring scarcity and adversity over numerous centuries, notably stemming from past conflicts and attempts at subjugation by external forces, especially those of [[Pelaxia]]. This protracted period of historical challenges has instilled sentiments of resentment within the populace, coupled with the development of an ethical ethos. This collective sentiment has been codified in the Vallejarian constitution post-[[Vallejarian War of Independence|independence]], emphasizing the constitutional principle that national sovereignty, inclusive of economic sovereignty, is vested in the citizenry of Vallejar.
== Economic History ==
== Economic History ==
The economy of Vallejar, like all economies throughout history, has undergone changes in production quantity, produced goods, sectors, among other things. These changes are attributed to the conflicts faced by the nation, the shift in ideologies over time, and, above all, technological advancements.
The economy of Vallejar, like all economies throughout history, has undergone changes in production quantity, produced goods, sectors, among other things. These changes are attributed to the conflicts faced by the nation, the shift in ideologies over time, and, above all, technological advancements.
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== Economic Sectors ==
== Economic Sectors ==
Vallejar's economic sectors are diverse, distinct, and economically broad, contributing to a well-diversified and well-planned economy. These sectors are managed and maintained according to their own contexts and hierarchical characteristics. In some cases, the state may acquire ownership stakes in companies and even be part of their management teams. There are also instances where companies in a particular sector are wholly publicly owned and explicitly serve the needs of the people and/or the government. Each sector is composed of [[Vallejar Companies|organizations, businesses, or productive associations]], representing the most basic unit of the economy.
Vallejar's economic sectors are diverse, distinct, and economically broad, contributing to a well-diversified economy. These sectors are managed and maintained according to their own contexts and hierarchical characteristics. In some cases, the state may acquire ownership stakes in companies and even be part of their management teams. There are also instances where companies in a particular sector are wholly publicly owned and explicitly serve the needs of the people and/or the government. Each sector is composed of [[List of Vallejarian companies|organizations, businesses, or productive associations]], representing the most basic unit of the economy.


=== Agriculture, Livestock, and Food Production and Distribution ===
=== Agriculture, Livestock, and Food Production and Distribution ===
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The military sector extends its influence to education through various military schools, with its scholarship system, aiming to instruct and specialize the youth in both traditional military roles and everything related to the composition of the military, including mechanics, maintenance, and production of various devices necessary for the proper functioning of all aspects intertwined with military life.
The military sector extends its influence to education through various military schools, with its scholarship system, aiming to instruct and specialize the youth in both traditional military roles and everything related to the composition of the military, including mechanics, maintenance, and production of various devices necessary for the proper functioning of all aspects intertwined with military life.


It is also noteworthy to highlight the various military fabrications in the sector, such as: 3 classes of frigates, 2 classes of aircraft carriers, 7 types of rifles, machine guns and long guns, 2 portable missile launchers, 4 types of tanks, 3 types of infantry fighting vehicles, 5 types of armored personnel carriers, 3 types of pistols and handguns, advanced missile defense systems, 3 types of howitzers, and 4 types of artillery (2 towed and 2 self-propelled), 5 types of tactical and combat helicopters, 5 types of fighter jets, 4 troop and military material transport planes, 2 air support planes for artillery, 2 types of automatic anti-aircraft defense systems, 6 types of reconnaissance and attack drones, 2 types of submarines, 5 types of maritime control boats, 1 type of tanker aircraft, 3 types of firefighting aircraft, and 2 types of helicopters, 4 types of paratrooper planes and 2 bombers, in addition to their own training versions. All products are national.  
It is also noteworthy to highlight the various military fabrications in the sector, such as: 3 classes of frigates, 2 classes of aircraft carriers, 7 types of rifles, machine guns and long guns, 2 portable missile launchers, 4 types of tanks, 3 types of infantry fighting vehicles, 5 types of armored personnel carriers, 3 types of pistols and handguns, advanced missile defense systems, 4 types of howitzers (2 towed and 2 self-propelled), 5 types of tactical and combat helicopters, 5 types of fighter jets, 4 troop and military material transport planes, 2 types of automatic anti-aircraft defense systems, 6 types of reconnaissance and attack drones, 2 types of submarines, 3 types of maritime control boats, 2 type of tanker aircraft, 3 types of firefighting aircraft, and 2 types of helicopters and 2 bombers, among others, in addition to their own training versions. All products are national or produced together with allies.  


This sector contributes 12% of the state budget annually, but this percentage varies depending on orders and sales.
This sector contributes 12% of the state budget annually, but this percentage varies depending on orders and sales.
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In response to environmental concerns, the aerospace industry in Vallejar is focused on developing more efficient and sustainable aircraft. From cleaner propulsion technologies to the exploration of alternative fuels, the sector seeks to minimize its environmental impact and contribute to global sustainability.
In response to environmental concerns, the aerospace industry in Vallejar is focused on developing more efficient and sustainable aircraft. From cleaner propulsion technologies to the exploration of alternative fuels, the sector seeks to minimize its environmental impact and contribute to global sustainability.


These companies are not highly profitable, as they contribute only 4,3% of the state budget during the year in relation to the investment allocated to them.
These companies are not highly profitable, as they contribute only 4,3% of the state budget during the year in relation to the investment allocated to them, in addition, a certain special amount of the budget is allocated to the [[Vallejarian Space Agency (VSA)|Vallejarian space agency]], which is in charge of national space missions and the entire public space sphere for the benefit of the nation.


=== Private Companies of Goods and Services ===
=== Private Companies of Goods and Services ===
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This broad spectrum of private companies not only enriches the offering of goods and services but also plays a decisive role in the economic dynamics of the state of Vallejar. Their significant contribution to the annual budget reflects their comprehensive impact on society and the local economy.
This broad spectrum of private companies not only enriches the offering of goods and services but also plays a decisive role in the economic dynamics of the state of Vallejar. Their significant contribution to the annual budget reflects their comprehensive impact on society and the local economy.


== State tax and financing system ==
== See also ==
[[File:Percentage of contribution to the economy in Vallejar.png|thumb|Percentage of contribution to the economy in Vallejar]]
- [[Goverment of Vallejar|'''Goverment of Vallejar''']]
Vallejar's tax system is the means by which the state, along with all that concerns it, is funded. This system is based on the economic and social legislation presented by the [[First Constitution of Vallejar|constitution]]. It entails that 20% of all money produced within the national territory must go to the state, without distinction for any company, individual, or entity. This system is known as the "[[Tax sistem of Golden Fifth|Golden Fifth]]".


There are no other taxes imposed on anything or anyone, making Vallejar a conducive environment for the creation of businesses and foreign investments. The continuous growth facilitated by the low tax burden makes Vallejar an attractive location, contributing to increased production and, consequently, tax revenue each year. This, in turn, aids in maintaining funding and enhancing public sectors with the economic resources received.
- [[Vallejar's tax sistem|'''Vallejar's tax sistem''']]


The way the state generates actual benefits is through foreign trade, public enterprises, foreign investments, and by providing money to other states or entities with interest rates.
- '''[[Vallejar]]'''


It is worth mentioning that due to the fact that the Vallejar population produces nearly everything it consumes, trade with other states is beneficial. This is attributed to the quality and quantity of nationally produced goods, resulting in a surplus for export purposes.
- [[Vallejarian Christianity|'''Vallejarian christianity''']]


The amount of money generated by internal trade and the labor market, with an unemployment rate of 2.3%, is approximately 710 billion, representing around 63.53% of the GDP. Tax revenue is estimated to be approximately 142 billion, accounting for 12.11% of the GDP. The remainder of the GDP is based on market operations conducted by the government, contributing 463 billion, which is approximately 39.47% of the GDP. This results in a total of 605 billion available for the state to invest and finance public sectors, constituting approximately 51.58% of the GDP.
- [[List of Vallejarian companies|'''List of Vallejarian companies''']]
{| class="wikitable"
[[Category:Vallejar]]
|Year
[[Category:Economy]]
|Vallejar's GDP
|-
|2001
|721 Billion
|-
|2004
|778 Billion
|-
|2008
|843 Billion
|-
|2011
|763 Billion
|-
|2015
|826 Billion
|-
|2019
|911 Billion
|-
|2023
|854 Billion
|-
|2027
|987 Billion
|-
|2030
|1,047 Trillion
|-
|2032
|1,173 Trillion
|}
 
== State expenses ==
[[File:State expenses of Vallejar.png|thumb|State expenses of Vallejar]]
Vallejar is characterized by having a diversified, well-planned economy with austere spending. This doesn't mean that little is invested in public services and their maintenance; rather, by law, both the national government and those of the small municipalities and cities are prohibited from running any kind of deficit and debt, except in cases of extreme importance, danger, or instability, such as war, a pandemic, or a global crisis. In such extreme cases, any loan or deficit must be approved by the general government.
 
Government spending is tightly controlled, with meticulous oversight of each investment, minimizing corruption cases and their impact on economic resources. Moreover, penalties for corruption, embezzlement, and other forms of public fund manipulation include life imprisonment, as it is considered "a theft from the effort and work of all Vallejarians."
 
Expenses are divided into two categories: [[Ministrys of Vallejar|Ministerial]] and Special. (The percentage of expenses is based on the total budget, not the GDP.)
 
=== Ministerial: ===
These are the expenses and investments, representing the percentage of the total budget allocated to the various ministries that make up the Vallejarian government. These investments are defined by the general state budgets promulgated by the government. These expenses are flexible and not solely based on general budgets; they are also influenced by the political, economic, and social context of the nation.
 
=== Special: ===
These are expenses and investments representing the percentage of the budget invested in special areas of the economy or sent to areas different from the ministerial ones for direct investment or for the "[[Vallejarian Development Fund]]", which has been accumulating 5% of the total budget since the king, in 2001, approved the royal decree consolidating its creation. The money in the fund and that not invested in ministries can be used freely by the national government, always within the terms of the law.
 
The expenses by ministry (data from 2032) are as follows:
 
==== Security and Justice: ====
Investment: 16.7 billion (2.76% of the total budget)
 
This ministry ensures the safety and integrity of all Vallejarians, providing economic resources for the state police, the national guard, and various special security forces throughout Vallejar. It also includes justice, responsible for the proper functioning of the courts and penitentiary centers.
 
==== [[Vallejarian army Forces|Defense:]] ====
Investment: 27.2 billion (4.5% of the total budget)
 
This ministry is responsible for maintaining national security and sovereignty against any threat, internal or external. This is achieved by investing in the preparation, training, guidance, modernization, and construction of a competent and prepared army. The ministry also has the option to invest in the private military sector for the improvement of both the economy and overall defensive power. It also has the ability to manage military schools alongside the Ministry of Education.
 
==== Education: ====
Investment: 14.6 billion (2.41% of the total budget)
 
This ministry, along with its counterparts, manages, maintains, finances, and constructs all educational centers in Vallejar, regardless of their nature and origin. The ministry is responsible for improving and promoting the quality of educational centers, the materials used, the method of education, and the content of subjects. This is aimed at promoting love for education and learning, along with the religious values of the nation, patriotism, and the value of effort through meritocracy.
 
==== Economy: ====
Investment: 8.3 billion (1.37% of the total budget)
 
This ministry is responsible for analyzing the general economy of the state and economic sectors. It analyzes them meticulously to present detailed reports on the situation of each, to make effective responses if necessary. It also has the capacity, alongside the Ministry of Foreign Affairs, to analyze external economies, their sectors, products necessary in Vallejar, and possible beneficial exports according to the context of each country.
 
==== [[Public healthcare system of Vallejar|Health:]] ====
Investment: 16.5 billion (2.73% of the total budget)
 
This ministry is responsible for managing, maintaining, financing, and constructing all health centers in Vallejar. It defends and maintains the right to public and universal health care. It also invests in and researches techniques and technologies to improve the quality of life and ensure the health of the population. It also conducts health awareness campaigns and, alongside the Ministry of Education, manages medical-educational centers. Thanks to the medical and pharmaceutical sector, it has the capacity and competencies to invest in the private sector for the improvement of the sector in both areas.
 
==== [[Transportation infrastructure of Vallejar|Infrastructure:]] ====
Investment: 34.1 billion (5.64% of the total budget)
 
This ministry is responsible for managing, maintaining, and constructing all infrastructure in Vallejar, on land, sea, and air, including roads, railways, bridges, tunnels, airports, and ports. The responsibilities of this area belong solely to the Ministry of Infrastructure, which must ensure the quality of all infrastructure and technological development in the sector, such as high-speed trains, effective safety measures, more efficient and less polluting planes, cars, and vessels.
 
==== Interior: ====
Investment: 15.8 billion (2.61% of the total budget)
 
This ministry is responsible for overseeing all others to ensure effective, efficient, and real management. It prevents bad investments, corruption, and deficits, and also creates economic and criminal investigation commissions into public
 
figures as deemed necessary. Funding is provided for the maintenance of all commissions and departments within the ministry.
 
==== Foreign Relations: ====
Investment: 9.2 billion (1.52% of the total budget)
 
This ministry is responsible for everything related to relations with foreign states. It manages embassies, consulates, and foreign military bases in conjunction with the Ministry of Defense. It helps foster relationships between states and secure beneficial agreements for Vallejar in global geopolitics.
 
==== Society: ====
Investment: 184.7 billion (30.53% of the total budget)
 
As the ministry in which the highest amount of economic resources is invested, this is the ministry with the most responsibilities, different offices, and importance. It deals with everything directly related to Vallejarian society, its form and quality of life, and its economy. It aims to improve these aspects from the government with investments in various areas, including culture, housing, transportation, commerce, employment, industry and energy, agriculture, livestock and fishing, research, development, and investigation, general public services, transfers to public administrations, and other public benefits, among others.
 
=== Special Expenses: ===
 
==== [[Vallejarian Development Fund:]] ====
This fund was created in 2001 by the king to have liquidity reserves as a backup, separate from the national treasury, for investment and economic stimulation in any sector where it is urgently and quickly needed. As of January 1, 2033, it has only been used twice partially in times of widespread global instability. As of the same date, the development fund has approximately 1.096 trillion in reserve.
 
==== [[Vallejarian National Reserve:]] ====
This is the official monetary reserve of Vallejar, which backs investments and the value of the currency. It also serves as a significant influence in global geopolitics. This reserve has never been used since its creation in 1845. The reserve increases by the additional 5% added by the state budgets each year, resulting in the national reserve accumulating 4.305 trillion in gold.
 
==== International Aid Fund for Developing Countries: ====
This fund is composed of 15% of the annual budget as a rule, although it can vary or even disappear depending on the economic, global, and national context; it is subject to changes. The fund implies the total management of money allocated for international aid and also commissions that manage those resources to be invested effectively.
 
==== International Loans: ====
This section is related to the Ministry of Foreign Affairs, which manages these resources. These loans are granted to states, companies, or international or foreign entities with urgent economic needs, usually with an interest rate lower than the global average. These loans are granted with the aim of helping entities in need of economic liquidity and also benefiting from it. The Ministry of Foreign Affairs sets the clauses with the approval of the general government. This section receives 10% of the state's annual budget, 60.5 billion.
 
==== Various investments and research: ====
This section receives another 10% of the total budget (60.5 billion), and this is a very special section, since this money is not linked to any law or regulation other than those of good management of public resources, and therefore These can be invested in any of the previous ministries or sections, although normally the resources are destined for various investments and research both in national territory and abroad, this money is managed personally by the king based on the principle of the well-being of the people.
 
(The remaining economic resources after the period of one year will be distributed as follows: 70% to the Vallejariano development fund and 30% to the national reserve)
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