Verona: Difference between revisions

Verona's 2024 total gross state product was €6.27 trillion, placing it at 1st within Cartadania. It one of the largest subnational economies on the planet.

Verona is very friendly to small businesses and large businesses alike, although compared to other Commonwealths its taxes are on the higher side. Nonetheless, its open nature and vast lands make it a welcome place for many companies. The state's economy is highly diversified, ranging from agriculture and automobiles to pharmaceuticals and petroleum. It produces large quantities of sugarcane, poultry and eggs, dairy products, rice, and seafood. It is home to automobile manufacturer AGV, one of the largest automobile manufacturers in the country. Other large brands known throughout Cartadania that are headquartered in and/or distributed via Verona include [[Aurora]], [[Marín-Helius]], [[Nexus S.A.|Nexus]], [[Premiere Airways]], and [[Axiom S.A.|Axiom]], among others.

Sierra has a large effect on the Commonwealth, central Cartadania, and beyond. It has been the site of growth in finance, insurance, technology, manufacturing, real estate, service, logistics, transportation, film, communication, convention and trade show businesses and industries. Other cities in the state have large degrees of importance, as well. Verona's second-largest city, [[Mirada]], is also located in [[Sierra County, Verona|Sierra County]], while the largest city outside of the Palm Coast, [[Oasis Springs, Verona|Oasis Springs]], has an economy based largely around health care, transportation and the government. The five largest sectors of employment in Verona as a whole are trade, transportation, and utilities; government; professional and business services; education and health services; and leisure and hospitality. In output, the five largest sectors are financial services, followed by trade, transportation, and utilities; education and health services; government; and manufacturing. As of January 2024, Verona has an unemployment rate of 3.1%. Verona's economy is dependent on trade and international-related commerce accounts for about one-quarter of the state's economy. In 2008, Verona exported €226 billion worth of goods, up from €194 billion in 2007 and €187 billion in 2006. Computers and electronic products, including defense equipment, are Verona's top export, accounting for 42 percent of all the state's exports in 2008.

In 2024, Verona had a median household income of €88,620, placing it at 3rd amongst Cartadanian states, and quite highly throughout the world in comparison. Verona, similar to the other Commonwealths (of which Porta Bianca is the exception) lacks an income tax, but does levy a higher sales tax of 6.25% (although many localities will increase this to 8.25% or rarely 9.25% which is the legal maximum), and decent average property tax rate of 1.28% (assessed at the local level). It should be noted that federal law prohibits taxation on medications, medically related devices, while state law prohibits taxation of food for home.