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Economy of Arcerion: Difference between revisions
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{{Infobox economy | |||
| country = Arcerion | |||
| image = Kinnaird Financial District.jpg | |||
| image_size = 250px | |||
| caption = The financial district in [[Kinnaird]], [[Moorden Governorate]]. | |||
| currency = [[Arcer Pound]] (₤) | |||
| year = 1 July – 30 June | |||
| organs = [[Cronan Security and Trade Union]] | |||
| group = [[Developed country|Developed/Advanced]] | |||
| population = {{increase}} 94,721,808 | |||
| gdp = {{increase}} $5.411 trillion ([[GDP (nominal)|nominal]]; 2030) | |||
| gdp rank = | |||
| per capita = {{increase}} $56,490 (nominal; 2030) | |||
| per capita rank = | |||
| growth = | |||
| sectors = {{plainlist| | |||
* Mining & Petroleum: 48% | |||
* Agriculture: 30% | |||
* Finance: 11% | |||
* Fishing: 6% | |||
* Manufacturing: 3% | |||
* Hydroelectric: 2% | |||
}} | |||
| inflation = | |||
| poverty = 6.1% (2030) | |||
| gini = | |||
| hdi = | |||
| labor = | |||
| occupations = | |||
| average gross salary = | |||
| unemployment = {{increaseNegative}} 3.6% (2030) | |||
| industries = | |||
| edbr = {{increase}} | |||
| exports = | |||
| export-goods = iron ore, coal, natural gas, gold, aluminium, wheat, crude petroleum, barley | |||
| export-partners = {{ublist| {{flag|Burgundie}}| {{flag|Paulastra}}| {{flag|Alstin}}| {{flag|New Archduchy}}| {{flag|Kelekona}}|{{flag|Istrenya}} }} | |||
| imports = | |||
| import-goods = cars, telecom equipment and parts, goods vehicles, computers, medicaments, precious metals, civil engineering equipment, furniture | |||
| import-partners = Various | |||
| current account = | |||
| FDI = | |||
| debt = 31.8% of GDP (Fall 2029) | |||
| gross external debt = | |||
| revenue = | |||
| expenses = | |||
| balance = | |||
| aid = | |||
| credit = AAA; [[Kinnaird Stock Exchange]] Rating | |||
| reserves = | |||
| cianame = | |||
| spelling = | |||
}} | |||
[[Arcerion]] is a highly developed country, with a mixed economy. As of 2026, Arcerion was one of the largest national economies in [[Crona]], consistently ranking in the top 10 by nominal GDP, as well as GDP per capita. It ranks high for the export of goods as well as the import of goods. It has one of the highest rates of uninterrupted GDP growth in the developed world as of the 21st century. It has seen a consistent increase over time, and as of the mid-2020s it had a GDP of £5.411 trillion. | [[Arcerion]] is a highly developed country, with a mixed economy. As of 2026, Arcerion was one of the largest national economies in [[Crona]], consistently ranking in the top 10 by nominal GDP, as well as GDP per capita. It ranks high for the export of goods as well as the import of goods. It has one of the highest rates of uninterrupted GDP growth in the developed world as of the 21st century. It has seen a consistent increase over time, and as of the mid-2020s it had a GDP of £5.411 trillion. | ||
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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]]. | 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 == | |||
[[File:South Crona GDP.png|thumb|Combined GDP Analysis Graph of South Crona.]] | |||
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. | |||
Arcerion is rich in natural resources due to favourable geography and a series of border conflicts that expanded its current sovereign borders to include a pair of resource-rich mountain ranges coupled with the Arcer Heartland, which is considered to be the breadbasket of South Crona and the Malentine Basin. Arcerion is the chief exporter of agricultural products in South Crona and for many major markets in Sarpedon, Australis, and Audonia. It regular exports wheat and other grain products, wool and livestock goods, minerals such as aluminum and iron ore, energy from liquified natural gas and petroleum, and a coal industry that has remained steady since the construction of the first mines in the late 1800s. Arcerion has experienced several economic booms throughout its history. Most recently an notable was the Albion Sea Gas Field boom in the 1980s, and prior to that the Ixnay-wide dominance of Arcer steel, which was purchased in large quantities by Levantine nations such as Burgundie. | |||
Arcerion's largest Cronan export markets are Kelekona, Istrenya, Titechaxha, Paulastra, and Malentina. Internationally, Burgundie, Stenza, and Alstin remain its principal foreign trade partners, with increased trade from Urcea and Kiravia expected to play a larger role in the Arcer economy by the 2040s. | |||
=== Governorate Disparity === | |||
Beginning in the 1980s, the traditional makeup of the Arcer economy began to change significantly. Moorden, with its plentiful metal extraction sites, steel factories, and financial institutions had always been the leading Governorate in Arcerion. Closely following this was Northlea Governorate, due to the large agricultural exports. Foxhey, Norham, and Howland Governorate all generally shared the last third of the country's gross domestic product and national economic output due to economies that largely could not compete with the existing duality between Moorden and Northlea. However the 1980s Albion Sea Gas boom shifted this balance significantly, and Howland quickly became an equal to Northlea due to its liquid natural gas and undersea crude oil extraction. | |||
[[Category: Arcerion]] | [[Category: Arcerion]] | ||
[[Category: Economy]] | [[Category: Economy]] | ||
In doing so, the traditional balance was disturbed as Arcerion's natural gas and oil refinement industry skyrocketed, propelling its late-20th century growth far and above those of its neighbours. Disparity has been matched however with 'Equalization Payments,' a process by which the federal gvoernment takes budgetary surplus and economic profits through corproate taxation of other governorates, and if ratified, applies them to the budget of another governorate. In this instance, the oil and gas companies of Howland, in the Arctic, are able to help fund and support new infrastructure for Foxhey, as with the repairs and reconstruction efforts after the 2008 Telekonese Conflict. In doing so, the Confederate Parliament must have its proposed redistribution approved by the Governorate it is requesting to reallocate funds from, as Arcerion is a Confederacy of provinces, rather than a federally-directed state. | |||
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 == | |||