Economy of Tierrador

Economy of Tierrador

Woderq, Taisgol in 2019
Currency	Ponča (₽)
Fiscal year	Qabóri calendar year
Trade organisations	WTO CSTU SCFTA
Country group	Developed/Advanced High-income economy Welfare state
Statistics
Population	214,884,581
GDP	$15,412,965,128,539
GDP rank	5th
GDP growth	1.9% (2037)
GDP per capita	$71,726.72
GDP per capita rank	2nd
GDP by sector	Agriculture: 33% Manufacturing: 12% Services: 55%
GDP by component	Finance: 30% Mineral/petroleum/natural gas extraction: 22% Logistics: 16% Manufacturing: 12% Agriculture: 11% Tourism: 6% Other services: 3%
Inflation (CPI)	2.1% (2035) 2.5% (2036) 5.2% (2037)
Population below poverty line	6.5% at risk of poverty or social exclusion (2036)
Gini coefficient	26.6 low
Human Development Index	0.884
Labour force	164,651,894 77% employment rate (2036)
Unemployment	4.0%
Average gross salary	₽5,647 / $5,207, monthly
Average net salary	₽4,319.7 / $4,114, monthly
Main industries	List Mineral extraction high technology logistics agriculture telecommunications electronics metals petroleum & natural gas chemicals textiles food products consumer goods motor vehicles and parts lumber retail financial services defense renewable energy steel
Ease-of-doing-business rank	Very easy (2036)
External
Exports	$1,352,344,766,978 (8.77% of GDP)
Export goods	Manufactured goods: 64% Fuels/mining products: 22% Agricultural products: 14%
Main export partners	List Kiravia Porlos Ceylonia Alstin Castadilla Arcerion Paulastra Urcea Cartadania Caphiria Thervala Istrenya Daxia
Imports	$1,058,557,027,851 (6.87% of GDP)
Import goods	Manufactured goods: 58% Fuels/mining products: 27% Agricultural products: 15%
Main import partners	List Kiravia Porlos Ceylonia Alstin Castadilla Paulastra Urcea Cartadania Caphiria Pelaxia Umardwal Tapakdore
FDI stock	Inward: $886 billion Outward: $752 billion
Current account	$131 billion
Gross external debt	$3.2 trillion
Public finances
Public debt	45% of GDP
Revenues	$5,394,537,794,989
Expenses	$5,016,502,331,434
Economic aid	donor: ODA, $8 billion
Credit rating	Songun Credit Group: AAA Outlook: Stable Western Mutual: AAA (domestic) AA+ (foreign) Outlook: Stable
Foreign reserves	$354 billion
All values, unless otherwise stated, are in US dollars.

The Economy of Tierrador is a highly-developed mixed economy with state ownership in certain areas/industries. As of 2037, Tierrador boasts a GDP of over $15 trillion, making it the largest national economy in Crona, and the 6th-largest in the world. Tierrador also has the world's second-largest GDP per capita, at a little over $71,000. Tierrador has seen consistent economic and total GDP growth after the 1993 Tierradorian financial crisis. The remainder of the 1990s to the early 2000s being renowned as the "golden years," where Tierrador, and subsequently the rest of South Crona, experienced a spike in their respective GDP measures, which quickly spearheaded Tierrador's status as a global economic power in the 21st century. Tierrador is a member of various trade organizations, such as the WTO, CSTU, SCFTA

The Tierradorian economy comprises of 18 commonwealth economies, which all rank very highly in their respective industries. The country has a very regionalized economy, with the commonwealths focusing on a handful of different industries. It has one of the highest productivity rates in Crona, and is fueled by a very extensive pool of natural resources along with a well-developed transportation system. Its GDP is mostly dominated by the tertiary sector, with 55% of economic activity stemming from services such as finance (30% of GDP), logistics (16% of GDP), and tourism (6% of GDP), with many other services that combine for 3% of the GDP. The service sector of Tierrador is concentrated mainly in more densely-populated commonwealths like Taisgol, Las Rozas, Bogocía, Aracadó, and the Saukhin Islands. The primary sector, which includes agriculture, mining, and energy and petroleum extraction, makes up 33% of the country's GDP, which play a crucial role in the country's self-sufficiency, as well as its status as a top agricultural and energy exporter. Most commonwealths specialize in the primary sector, with Teschego, Alcosky, Tansher, Auqali, and Anbarsnia being hotbeds for natural resources. while the arable land in Telohakee, Moscakee, Onancía, and Porvaos dominate the country's agricultural industry. The country's manufacturing sector makes up 12% of the total GDP, concentrated mainly in Ulunkheria, Qaleqa, and Las Rozas. Tierrador is one of the largest exporters globally, with export numbers totaling at $1.352 trillion. Its trade surplus of $293 billion is the largest in Crona, making it the biggest capital exporter on the continent. Tierrador has an extensive social security system which comprises 26% of the country's GDP.

The economy of Tierrador consists of an internal market of 18 mixed economies, with free movement of goods, capital, and labor. The country is home to many financial centers and economically crucial cities, including Taisgol, Qabór, Ominasky, Prisamarina, Miccubo, Ambaqwe, and Vernaza. The country has two main securities exchanges: the Taisgol Stock Exchange, which is the second-largest stock exchange in Crona by market capitalization and trade volume, and the Qabór Stock Exchange, which ranks fourth in market capitalization and third in trade volume. Some notable companies in Tierrador include VTBC, Auqali Lithium, QTC, Audonia-Tierrador Trade Corporation, Orixtal Communications, PT, Palmtree Electronics, and Aquila Solutions. Tierrador has one of the most globalized economies in the world, with foreign investments totaling at about $7 trillion, while investments made within the Woqalate total at about $4 trillion. The official currency of Tierrador, along with that of Ceylonia and Porlos, is the Ponča, introduced in 1441.

The Tierradorian economy, along with the bulk of its foreign investments, are largely intertwined with countries within its immediate sphere of influence, such as Ceylonia, Porlos, Istrenya, and Malentina. Tierrador also has economic footing in Audonia, investing a little over $1.7 trillion total in Umardwal, Tapakdore, Pukhgundi, and Thervala, along with Vallos, with investments made in Arona and Castadilla. Tierrador is part of many trade deals with other great powers, such as Kiravia, Alstin, the Levantine Union, and Caphiria. Being part of the CSTU, Tierrador is also on favorable economic standing with Arcerion and Paulastra.

Overview

Tierradorian GDP by Commonwealth

Tierrador's commonwealths have a lot more control over their own economies, though it all contributes and is measured as one national economy. Tierrador's internal market is a single market, which allows for free movement of goods, capital, services, and labor. As a whole, Tierrador's GDP per capita of $71,726.72 is the second-largest in the world, only behind Cartadania and by a very narrow margin. Tierrador is the most economically advanced indigenous Cronan nation, and has consistently seen rapidly-increasing GDP growth rates since 1996. The country's economy is mainly backed by its resource-rich geography, and its strategic location in South Crona nudged between the Orixtal and Songun mixed with its overseas possessions in Teschego and the Saukhin Islands have opened up the country to various trade routes in the Southern hemisphere. Tierrador's credit rating is measured by Songun Credit Group and Western Mutual, the two-largest credit unions in the country, both giving the country an AAA rating with a stable outlook.

Tierrador is rich in many natural resources; including lithium, timber, petroleum and natural gas, and salt, along with having one of the largest amounts of arable land in the world. It ranks highly in the production and export of various cash crops, such as rice, cotton, cannabis, wheat, and coffee beans. The Rice Belt, a collective region comprised of Telohakee, Alcosky, Porvaos, and Moscakee, produces the largest amount of rice in Crona, earning it the title of Crona's Rice Bowl. Similarly, Tierrador features vast wheat yields of Telohakee, Teschego, and Ulunkheria, which are amongst the largest in Crona, along with Qaleqa, Alcosky, and Tansher's cannabis industry and the cotton producing commonwealths of Auqali, Aracadó, and Anbarsnia, which make Tierrador a chief exporter of agricultural products in Crona, along with many overseas markets in Kiravia, Vallos, and Audonia.

Manufactured goods, such as consumer electronics, motor vehicles and parts, telecommunications equipment, and chemicals make up 64% of all Tierradorian exports. Meanwhile, fuels and mining products, such as lithium, natural gas, iron ore, petroleum, iron ore, aluminum, and salt, make up 22% of Tierradorian exports, the bulk of this number coming from four major mining hotbeds in the Qalhéq and Wečas mountains, along with the extensive oil and natural gas deposits in the Gulf of Telohakee-Alcosky and the Okatian Sea near Teschego. Additionally, agricultural products such as rice, cotton, wheat, cannabis, coffee, and livestock, make up 14% of total Tierradorian exports, mainly exported to Kiravia, Porlos, Istrenya, Umardwal, Thervala, and Castadilla.

The National Bank of Tierrador and the Office of the Treasury are the chief instruments of control over financial and fiscal policy. They regulate many core components of the country's economy, including its currency, the Ponča. As of 2037, 1 Ponča is equal to 1.055 USD, or 1.526 Talers. They have consistently worked to keep inflation rates throughout Tierrador just under 5%, though recent executive administrations have oversaw small increases in the national rates.

Sectors

Tierradorian GDP by sector (2037)

Primary

Agriculture

Main article: Agriculture in Tierrador

Tierrador's agricultural industry contributes around 11% of the total GDP and employs a little under 15 million people, about 9% of the national workforce. Historic Abioic societies were established with their main focus on agricultural self-sufficiency. Eventually, the rapid agricultural industrialization in the mid-1860s lead to heavy mechanization and advancement of the Tierradorian agriculture industry, which, in recent years, have given the country the description of a "neo-agrarian society." The country's agriculture industry is mainly concentrated on and around the many rivers and lakes throughout Tierrador and Teschego, which have provided enough water to irrigate one of the largest volumes of arable land in Crona, at over 820,000 square miles. Tierrador is a net exporter of many crops including rice, cotton, wheat, tea, and livestock, and has consistently had a self-sufficiency status in crops and foodstuffs.

Agriculture occurs in all 18 commonwealths, however it is mainly emphasized in the commonwealths of Telohakee, Teschego, Moscakee, Onancía, Alcosky, and Porvaos, the top five agricultural producing commonwealths in Tierrador. Domestic agricultural products have an airtight grip over Tierradorian markets, with only 9% of agricultural products consumed originated from a foreign country, of which 6% of that number originated from Ceylonia. Imported agricultural goods coming in to Tierrador total a little under $159 billion, and mostly consist of soybeans from Ceylonia, sugar and coffee from Cartadania, various vegetables and tobacco from Alstin, and barley from Arcerion.

Mineral and petroleum extraction

Main article: Mineral extraction in Tierrador

Main article: Petroleum in Tierrador

Tierrador is a leading exporter of many natural minerals, ores, and petroleum, and the country is Crona's top producer in lithium, gold, zinc, graphite, and salt. The country has also seen an massive increase in uranium extraction, with uranium pockets being unearthed in rural Teschego. Mineral extraction mainly takes place in the commonwealths of Teschego, Alcosky, Auqali, Anbarsnia, and Tansher, concentrated within three major mountain ranges (Qalhéqs in the west, Wečas in the east, and Tula’au o Tina in Teschego). Petroleum extraction takes place mostly in Telohakee, Alcosky, Teschego, and Bogocía, mostly extracted from offshore rigs within the country's waters. The Moscakee, Chippesaukee, and Qahmebas river basins also provide for a stable extraction industry for gold and gemstones. Tierrador is the largest exporter of lithium in Crona, exporting $__ billion worth of the resource in 2036, and is the 2nd-largest producer of petroleum on the continent, with an output of __ million barrels per day.

Tierrador's mining industry, which includes both minerals and petroleum, had a total value of almost $2.4 trillion in 2036. Massive mining corporations such as Auqali Lithium, Songun Bay Mining, PT, Summit 71, and TescheCo contribute the most to the country's mining sector, and the industry itself accounts for a significant 12% portion of the Tierradorian workforce.

Energy

Main article: Energy in Tierrador

Services

Housing

Main article: Housing in Tierrador