Economy of Urcea

From IxWiki
Revision as of 11:29, 24 May 2023 by Urcea (talk | contribs)
Jump to navigation Jump to search
Economy of Urcea
Kingswood, the central financial district in Urceopolis.
CurrencyTaler (₮)
1 April - 31 March
Trade organisations
Levantine Union
Country group
Advanced
Statistics
PopulationIncrease 1,674,278,075 (2027)
GDPIncrease $87.539 trillion (nominal; 2027)
GDP per capita
Increase $52,285.03 (nominal; 2027)
GDP by sector
  • X: 48%
  • Y: 30%
  • Z: 11%
  • Real estate: 10%
Population below poverty line
6.8% (2030)
UnemploymentNegative increase 3.1% (2030)
External
Main export partners
Main import partners
Public finances
AAA

All values, unless otherwise stated, are in US dollars.

The economy of Urcea is a highly developed social market economy. It is the largest in the world.

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.

Political issues

Model Economy