Economy of Arcerion: Difference between revisions

Arcerion's economy is strongly intertwined with other South Cronan nations such as [[Istrenya]], [[Kelekona]], [[Titechaxha]], [[Malentina]], and [[Washakara]]. Arcerion's largest mainland Cronan trading partner is [[Paulastra]], closely followed by the [[Alstin|United Republic of Alstin]]. Arcerion is part of a number of significant trade deals and international trade agreements, notably with the [[Stenza|Republic of Stenza]] and Arcerion's most historically important trading partner, the [[Burgundie|The Grand Thalattocratic Republican Principality of Burgundie and her Commonwealth]]. As part of the [[Cronan Security and Trade Union]] (CSTU), which itself was born out of the failed attempt to form a South Cronan Congress, Arcerion has favourable trade agreements and limited free trade with Alstin and Paulastra. Plans exist for a revised and updated version of the CSTU, which may include other Cronan partners such as [[Ceylonia]] and [[Tierrador]].

== Overview ==

Arcerion's per-capita GDP is higher than that of its five neighbouring Indigenous neighbours combined, by a factor of two. Its per-capita GDP is also the fifth highest in Ixnay, and is the highest per capita in mainland Crona (second to Alstin in terms of all Cronan nations). The nation ranks highly on the Human Development Index, and is in the top five most developed nations in Crona. Arcerion's wealth has grown annually since 1991, due to high rates of foreign investment, a strong resource-based economy, and increased industrialization and the expansion of export markets through a revitalized arms export industry. Arcerion's credit is AAA across Ixnay by all major financial institutions, which is uncommon for Crona.  

Arcerion's emphasis on an export-based economy focused on commodity and resource commerce (notably with the expansion of the [[Albion Sea Gas Fields]]) has helped to maintain strong economic growth throughout the end of the 20th century when many traditional Occidental nations had been sluggish due to the end of the Occidental Cold War.  

The Confederate Bank of Arcerion, the nation's federal reserve and chief financial insitution has worked to keep inflation rates under 5% since 1999, despite a brief period in 2008-9 during a national economic recession which saw rates spike to 7%. Arcerion is also experiencing a growth boom in its hydroelectric (power generation), arms exports, and tourist industries, with each expected to take up to 7% of the Arcer GDP by 2045.  

Foxhey has seen some improvement in its economy as its shipbuilding industry has continued to support maritime commerce in the Malentine Sea by offering cost effective merchant vessels for local Indigenous nations. Similarly, its naval warship facilities have been modernized and it has worked with Burgundie to begin manufacturing small sub-capital naval warships. In Norham, the port of Dunborough has seen a major economic boom in the 2020s with an increase in river traffic and the creation of the Cronan Security and Trade Union, meaning it now is the main rail hub and port-of-entry for a significant amount of goods from Alstin's mainland Cronan possessions.

== Sectors ==

=== Industry ===

==== Mining ====

==== Manufacturing ====

==== Gas and Petroleum ====

==== Agriculture ====

==== Power Generation ====

=== Services ===

==== Finance ====

==== Tourism ====

== International Trade ==