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Economy of Arcerion: Difference between revisions
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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 === | |||
=== Taxation === | |||
[[Category: Arcerion]] | [[Category: Arcerion]] | ||
[[Category: Economy]] | [[Category: Economy]] | ||