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Economy of Pelaxia: Difference between revisions
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{{Infobox economy | |||
| country = Federal Republic of Pelaxia | |||
|image = Sydney_CBD_on_a_sunny_day.jpg | |||
|image_size = 450px | |||
|caption = [[Albalitor Centro]] in [[Albalitor]] | |||
| currency = Salia | |||
| fixed exchange = | |||
| year = | |||
| organs = [[UNESARP]] , [[TRIAD]] and [[E5]] | |||
| group = [[UNESARP]] | |||
| gdp = {{increase}} $7,210,103,363,760 (nominal, 2027 est.) | |||
| gdp rank = *[[13th (nominal, 2027)]] | |||
*[[15th (PPP, 2027)]] | |||
| growth = 2.4% (2027) | |||
| per capita = {{increase}} $32.286,35 (nominal, 2027 est.) | |||
| per capita rank = [[List of countries by GDP (nominal) per capita|29th (nominal, 2026)]] | |||
| sectors = *[[Primary sector of the economy|agriculture]]: 12.6% | |||
*[[Secondary sector of the economy|industry]]: 33.2% | |||
*[[Tertiary sector of the economy|services]]: 54.2% | |||
| components = | |||
| inflation = *−0.2% (2024) | |||
*0.7% (2025) | |||
*1.7% (2026) | |||
| bankrate = | |||
| poverty = | |||
| gini = {{decreasePositive}} 33.0 {{color|darkorange|medium}} | |||
| hdi = 0.820 | |||
| labor = | |||
| occupations = | |||
| unemployment = | |||
| average gross salary = | |||
| gross median = | |||
| average net salary = | |||
| net median = | |||
| industries = | |||
| edbr = | |||
| exports = | |||
| export-goods = | |||
| export-partners = | |||
| imports = | |||
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| import-partners = | |||
| FDI = | |||
| current account = | |||
| gross external debt = | |||
| NIIP = | |||
| debt = | |||
| balance = | |||
| revenue = | |||
| expenses = | |||
| aid = | |||
| credit = | |||
| reserves = | |||
| cianame = Country name abbreviation used at the CIA World Factbook web-page | |||
| spelling = Oxford or US spells 'z', US '-or'; 's', '-our' spelling by default | |||
| usebelowbox = yes or no; default value is "yes"; shows/hides bottom box | |||
| presentUS$asdefault = yes or no; default value is "yes"; shows/hides statement about US$ | |||
}} | |||
Pelaxia has a highly industrialized, socialist market economy that incentives social ownership and democratic control of means of production effectively and constantly in various forms such as public, cooperative, collective ownership with the possibility of combining the three. In this sense it discourages the existence of private ownership of means of production (private property), but completely upholds and defends the right to personal property. Pelaxia mostly utilizes the market mechanism for the allocation of capital goods and other means of production although there is an edge for central or local intervention/planning. | |||
The public sector is among the largest in the world as a percentage of the overall gross domestic product. The country has a very high standard of living compared with other socialist countries, and a strongly integrated welfare system. Pelaxia's modern manufacturing and welfare system rely on a financial reserve produced by exploitation of natural resources such as oil. | The public sector is among the largest in the world as a percentage of the overall gross domestic product. The country has a very high standard of living compared with other socialist countries, and a strongly integrated welfare system. Pelaxia's modern manufacturing and welfare system rely on a financial reserve produced by exploitation of natural resources such as oil. | ||