Economy of Tierrador: Difference between revisions
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[[Category:Economy of Tierrador]] | |||
Latest revision as of 18:35, 6 December 2024
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| Currency | Ponča (₽) |
|---|---|
| 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: 34% Manufacturing: 11% Services: 55% |
GDP by component | Finance: 30% Mineral/petroleum/natural gas extraction: 22% Logistics: 16% Agriculture: 12% Tourism: 9% Consumer electronics: 7% Other manufacturing: 4% Retail/wholesale trade: 1% |
| 2.1% (2035) 2.5% (2036) 5.2% (2037) | |
Population below poverty line |  6.5% at risk of poverty or social exclusion (2036) |
 26.6 low | |
| 0.884 | |
Labour force | 164,651,894 77% employment rate (2036) |
| Unemployment | 4.0% |
Average gross salary | ₽5,647 / ₮4,789, monthly |
| ₽4,319.7 / ₮3,663, monthly | |
Main industries | List
|
| 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 | |
| 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 | |
FDI stock | Inward: $886 billion Outward: $752 billion |
| $131 billion | |
Gross external debt | $3.2 trillion |
| Public finances | |
| 45% of GDP | |
| Revenues | $5,394,537,794,989 |
| Expenses | $5,016,502,331,434 |
| Economic aid | donor: ODA, $8 billion |
| 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
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 1.20 USD, or 0.94 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.
Budget
Sectors
Primary
Tierrador's primary sector is the most protected of the three main sectors. The Imperial Government imposes massive subsidizations and high import tariffs, which meant to encourage domestic production of minerals, ores, petroleum, and agricultural products. Past administrations have experimented with export quotas for this sector, with the most notable case being a limit of 15% of imported goods into the Tierradorian agricultural market, enforced by Nathaniel Luukolena in 2014. While the quotas were meant to lower costs, they had the opposite effect, and the price level of agricultural goods had risen by a significant percentage. The quotas were eliminated in 2019 and replaced with smaller but quite effective tariffs by the administration of Spiro Sauga.
Agriculture
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. Most Tierradorian agricultural goods that are not used for domestic consumption are exported to Kiravia, Porlos, Ceylonia, Istrenya, and Malentina, of which Tierrador provides a large portion of those five countries' domestic food consumption.
Agriculture is a prominent sector in all 18 commonwealths, however its importance 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 and rye from Kiravia.
Mineral and petroleum extraction
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. Tierrador is the world's largest producer of lithium and zinc, the 4th-largest producer of gold, the 6-largest producer in cobalt, the 7th-largest producer in both graphite and bauxite, and is the 9th-largest producer of salt. The Tierradorian coal mining had formerly been a strong industry, though had seen a decline in recent decades due to the mass transitions to renewable energy sources. In 1979, Tierrador was the 3rd-largest producer of coal in Crona, behind Arcerion and Alstin; in 1999, Tierrador had dropped to the 6th-largest, being surpassed by Ceylonia and the Cape.
Energy
Tierrador's extensive natural gas, hydroelectric, and nuclear power industries account for a combined majority of Tierradorian energy production. Based on its crude oil and natural gas reserves, Tierrador is a self-sufficient energy producer, and is a net exporter of natural gas, extracted mainly in Teschego and Telohakee. Telocor, Polynesian Energy, and Natukala dominate the Woqalate's energy industry, and its overseas possessions of Teschego and the Saukhin Islands allow for exclusive access to the Cape Sudmoll Refinery, a hotbed for natural gas, and the Saukhin Lagoon, which has large deposits of petroleum and liquified natural gas. 41% of Tierradorian energy production is done by natural gas, while 31% is done by nuclear, 14% is provided by hydroelectricity, 9% done by wind, and 5% done by solar power. Tierrador competes directly with Arcerion for energy exports into Istrenya and Malentina, of which Tierrador possesses a comparable advantage in Istrenya while Arcerion has an absolute advantage in Malentina. Tierrador provides a large amount of Porlosi, Ceylonian, Istrenyan, and Timbian energy imports, and has recently made plans for further energy investments and expansions to Varshan.
Manufacturing
Consumer electronics
Consumer electronics make up 65% of all manufactured Tierradorian exports. It is a relatively younger industry, having become mainstream in the early 2000s, with innovations in electronics made by Palmtree, Aegan, Holsett-Dorian, and AET allowing it to replace the country's steel industry as the largest manufacturing component.
Despite the industry's strength, Tierrador is uniquely over-reliant on semiconductor imports, despite having the resources needed to satisfy 80% of domestic semiconductor demand. As of 2030, Tierradorian firms produced only 20% of total semiconductor demand, while the remaining 80% was imported from Æonara, Caphiria, and Alstin. Æonaran semiconductors made up half of this number, while 30% originated from Caphiria and 20% from Alstin.
Services
Finance
Tierrador's financial sector contributes 30%, or $4.6 trillion, to the country's GDP, making it the largest industry in Tierrador. The Woqalate's exports of financial and business services make significantly-positive contributions in stabilizing the country's balance of payments. The finance sector in Tierrador is defined as industries related to the management of wealth, banking, securities, investments, credit, insurance, and venture capital. Notable banks and financial companies in Tierrador include VTBC, which alone holds a little over $4 trillion in assets, Songun Credit Group, National Bank of Tierrador, QIBC, Sonaxabank, Farmers' Union, Western Mutual, Tierrador West, and Southern Bank. Woderq, Taisgol is Tierrador's main financial and business center, being the headquarters location of 74 of the Teklan 250's largest companies.
Both Taisgol and Qabór are major centers for international business, and are two of the largest financial hubs in Crona. Ominasky, Vernaza, Prisamarina, and Ambaqwe are also included in the top-15 largest on the continent. Tierrador has two main stock exchanges; the Qabór Stock Exchange was established in 987 A.D. as a central trade hub and early regulatory body for agricultural bartering in Qabór, but was later reformed into a securities exchange in 1660, at the height of Qabóri globalization, being used exclusively by trade societies including ATTC, the Qabóri Trade Company, and the Aracadó-Cathay Organization of Merchants. Those three companies held an oligopoly over most of the Qabóri Woqalate's, and later Tierrador's, GDP. The the Taisgol Stock Exchange was established in 1951 after the Walakee State had moved the capital city from Qabór to Taisgol, which prompted Pedro Kintón to officially legalize stock-trading, where it had previously been banned in several commonwealths in the late 19th-century to combat the trade societies' dominance of the country's economy.
Tierradorian banking laws have consistently been backed by specific Imperial methods which remained in effect for a little over a millennium. The country is well-known for its banking secrecy laws, which has granted its status as a tax haven. Tierradorian firms have also provided several methods to launder billions of pončat yearly, including money received through corruption and through illicit drug trade, which makes Taisgol a very important city for illicit finance. A University of Aracadó financial study estimates that, if illegal sectors were included in the Tierradorian gross domestic product, would add another $2.1 trillion to the GDP, and would be the country's fourth-largest sector. In 2025, Tierradorian banks managed ₽5 trillion pončat, or ₮4.2 trillion, or $6 trillion.
Logistics
Services grouped into logistics, according to the Imperial Government, include logistics shipping, telecommunications, and transportation, with shipping making half of the sector's contributions. All three of these services make up 16% of the total GDP, or $2.5 trillion. Historically, logistics had dominated the Woqalate's economy since the beginning of the 17th century, while also allowing for the country to lead South Crona into the next era of globalization. The logistics sector is the 3rd-largest in Tierrador, and is mostly characterized by the shipping component. Saukhinaseonit ("trade societies") including the Qabóri Trade Company, ATTC, SCTC, OTAC, ACOM, and Táviki, play key roles in the contributions made by this component. Overseas trade of spices, crops, and minerals from South Crona played a large role in the development of Qabóri logistics, with several Orixtal/Polynesian Sea trade routes being established, initially connecting Qabóri Crona with Peratra and Vallos. Eventually, with newfound support from Occidental allies Burgundie and Kiravia, Qabór's logistics sector led to massive economic growth throughout the 17th and 18th centuries.
The Tierradorian telecommunications sector is one of the most advanced in the world, with Tierrador being one of the first countries to develop 5G and 6G technology. Notable telecommunications companies include Orixtal Communications, which controls 61% of the telecommunications market share. Tierrador Telecom, which formerly held a monopoly on the telecoms industry, holds a 26% share of the domestic market, while TK Group, which mainly specializes in internet and cable services, controls 9% of the market. The remaining 4% are split between PrairieLink and TerraTel, with the latter being a subsidiary of Tierrador Telecom.
The transportation sector is almost entirely state-run, with the Office of Transportation using its massive budget entirely for heavy government subsidizations for national highway, rail, air, and water transit line. The Autoróót highway system is the imperial organization board for over 72,000 kilometers of paved controlled-access highways, while TerraRail governs an additional 101,000 kilometers of passenger rail throughout the country. Freight rail is regional, with Qalhéq Western operating in western Tierrador, Porlos, and Ormatia, Songun Coast Freight operating on the country's Songun Coast and Ceylonia, and Táviki operating in the Rice Belt and the western Wečas region.
Tourism
Tierrador's foreign tourist industry had grown into one of the largest in the world, and the second-largest in Crona. Tierrador attracted a little over 51 million visitors in 2036, and is home to a plethora of LONESCO World Heritage Sites, including many ancient Aonaali cities in Suqovia, Anloiya, Vernaza, Qabór, and Tarhogun, the Woderq Square Garden sports arena in Taisgol, the Četcan fairgrounds in Ambaqwe, the Tierrador West Pyramid sports arena in Anloiya, the Ma'atlens and Kabitet palaces in Taisgol and Qabór, respectively, Mount Ganja in the Saukhin Islands, the ruins of Lí Atcašalit in Ominasky, and the fortified and significant teklans of Taisgol, Qabór, Vernaza, and Prisamarina.
Tourism contributed 6.27% of the Woqalate's GDP, or about $966 billion. It is the second-most visited country in Crona, behind Alstin, and is the sixth-most visited in the world.