Economy of Urcea
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The economy of Urcea is a highly developed social market economy. It is the largest in the world.
_-_New_York_(15172940570).jpg) Kingswood, the central financial district in Urceopolis. | |
| Currency | Taler (₮) |
|---|---|
| 1 April - 31 March | |
Trade organisations | Levantine Union |
Country group | Advanced |
| Statistics | |
| Population |  1,674,278,075 (2027) |
| GDP | $87.539 trillion (nominal; 2027) |
GDP per capita | $52,285.03 (nominal; 2027) |
GDP by sector |
|
Population below poverty line | 6.8% (2030) |
| Unemployment |  3.1% (2030) |
| External | |
Main export partners | |
Main import partners | |
| Public finances | |
| AAA | |
All values, unless otherwise stated, are in US dollars. | |
The Urcean economy experienced rapid growth in the late 20th century due to increasing economic modernization and technological innovations, allowing an average 3.1% growth rate between 1972 and 1999, after which point the economy began to slow down and "normalize" relative to potential growth in productivity. The economy has additionally seen a major growth period since the end of the War of the Northern Confederation, as the "nuclear revolution" in energy has fueled a major boom due to plentiful and cheap energy.
The impact of Catholic social teaching is significant on the economy, both in its institutions and outlook. The collaborative Urcean guild system is designed along Catholic principles to avoid labor conflict, and the Urcean finance system is based on the principles of Levantine finance.
The Urcean economy is highly integrated with that of its Levantine Union neighbors.
Employment
Labor relations
Budget and public finances
Debt
Sectors
Agriculture
Manufacturing
Currency
Regional differences
The economy of Urcea is varied and cannot be understood without taking the regional differences into account.
The Valley and Ionia
Gassavelia and Transionia
Gassavelia and Transionia are the parts of Urcea that encompass most of its eastern border, and accordingly it is the part of Urcea most heavily integrated with its Levantine Union neighbors.
Southern Urcea
Northern Urcea
Canete Region
Trade
Urcea's trade relations primarily involve countries in Levantia owing to the lack of tariffs within the Levantine Union, though trade agreements between Urcea and other countries, such as Kiravia, have been growing more prevalent in the 21st century. Urcean economic interests in Crona have lead to greater trade across the Levantine Ocean, with a particular emphasis on new markets in New Harren, which serves as a hub for trade goods in the eastern hemisphere and a gateway for goods to flood back to Levantia. Urcea traditionally suffered a fairly large trade deficit mostly reliant on exporting food and other goods to Sarpedon, but with the rise of the Nysdra Sea Treaty Association and development of markets in Crona - in addition to increased trade with Caphiria - the nation has enjoyed a trade surplus fairly regularly since 2014.