Economy of Tierrador
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
 | |
| 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: 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% |
| 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 / $5,207, monthly |
| ₽4,319.7 / $4,114, 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 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 1.055 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.
Budget
Sectors
