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Economy of Nouvelle Alexandrie

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Economy of Nouvelle Alexandrie

CurrencySignAWF.png

Currency:
GDP: NAX€24.3 trillion (1726 AN)
6.1%
GDP by Sector:
  • Agriculture: XX.X%
  • Industry: XX.X%
  • Services: XX.X%
(1726 AN)
Marketplace

Industries:
  • Machinery
  • Petroleum
  • Chemicals
  • Automobiles
  • Metallurgy
  • Aircraft
  • Ships
  • Electronics
  • Textiles
  • Jewelry
  • Food and Beverage
  • Tobacco
  • Handicrafts
  • Tourism
Major Industry (% of GDP):
  • Agriculture, forestry, and fishing: 6.0%
  • Mining: 3.6%
  • Petrochemical: 4%
  • Manufacturing: 17.2%
  • Construction: 5.6%
  • Commerce and tourism: 12.9%
  • Transport, communications, and utilities: 7.9%
  • Government: 9.5%
  • Business, social and other services: 33.3%
Largest 5 Companies (Value in NAX€):
Labor Force:
Labor Force by Sector:
Unemployed: 6.5% (1726 AN)

Budget: Revenues: NAX€1.298 trillion
XX% of GDP
Expenses: NAX€1.1 trillion
XX% of GDP
1706 AN
Budget Surplus or Deficit: NAX€198 billion (XX% of GDP)
Public Debt: NAX€6.12 trillion (XX of GDP)
1706 AN
Inflation Rate: 2.4% 1726 AN

Exports: oil, natural gas, marble, motor vehicles, consumer goods, electronics, electrical equipment, pharmaceuticals, metals, transport equipment, foodstuffs, textiles, rubber and plastic products, rice, potatoes, quinoa, soybeans, and soy products.
Export Partners:
Imports: machinery, consumer goods, data processing equipment, vehicles, chemicals, metals, electric equipment, pharmaceuticals, foodstuffs, agricultural products, silver, zinc, measuring and medical control instruments, pharmaceuticals, furniture.
Import Partners:
Reserves of Foreign Currency:

The economy of Nouvelle Alexandrie is a large, emerging, social market economy characterized by a high level of foreign trade. The New Alexandrian economy has improved substantially since the foundation of the Federation in 1685 AN as increased public investments in industrial development, infrastructure, water, sanitation, electric power, and others led to pronounced downward trends in unemployment and economic inequality. Its economy is diversified, although the export of commodities makes up a large part of its economic activity. This makes the economy subject to the risks of price volatility in international markets.

New Alexandrian economic performance is tied to exports, which provide hard currency to finance the country's imports and external debt payments. Nouvelle Alexandrie's main exports are oil, natural gas, marble, copper, ships, motor vehicles, consumer goods, electronics, electrical equipment, pharmaceuticals, metals, transport equipment, textiles, rubber and plastic products, rice, wheat, potatoes, chocolate, coffee, sugar, quinoa, soybeans, soy products, and foodstuffs. Nouvelle Alexandrie is one of the largest producers of petroleum and natural gas in Micras. It also has a large internal market, catering to hundreds of millions of New Alexandrians. This large internal market has also led to the flourishing of a large services sector in the economy.

Nouvelle Alexandrie's largest trade partners are Natopia, Constancia, the Benacian Union, Ransenar, Sanama, Craitland, the Hexarchy, and Hurmu. Nouvelle Alexandrie generally runs an annual trade surplus and has a considerable net international investment surplus.

The country's economy faces difficult challenges with establishing lasting, self-sustaining economic growth and in securing a more egalitarian distribution of income, in particular, the disparity between urban and rural areas of the country. Nouvelle Alexandrie benefits from being rich in natural resources, having a highly literate population, a strong export-oriented economy, and a diversified industrial base. Its quality university education and the establishment of a highly motivated and educated populace is largely responsible for ushering in Nouvelle Alexandrie's high technology boom and rapid economic development. The country has developed a strong educational infrastructure, and a high-quality incubation system for new cutting edge ideas to create value driven goods and services. These developments have allowed the country to create a high concentration of high-tech companies across the country's Regions. These companies are financially backed by a strong venture capital industry. Its central high technology hub, the CarSan Tech Corridor, covers the area along the roads and railways from the capital, Cardenas, to the Port of Wechuahuasi. Numerous companies originating in Nouvelle Alexandrie have been acquired by global corporations for their reliable and quality corporate personnel and talent.

Between 1690 AN and 1705 AN (15 years), many ports across Nouvelle Alexandrie became key in the growth of entrepôt trade, mainly in the Regions of Alduria, Santander, Islas de la Libertad, South Lyrica, and New Luthoria. The locations of these Regions made it possible for certain ports and cities to facilitate the development of a large manufacturing base around the purchase of raw goods and refining them for export. This was facilitated further with the completion of key infrastructure projects from the New Prosperity Plan over these same 15 years. New highways, roads, airports, railways, and ports have opened up, interconnecting the Federation and encouraging trade. The seven most important ports in Nouvelle Alexandrie, in order of tonnage capacity, are Punta Santiago, Wechuahuasi, Puerto Carrillo, Judah, Nuevo Corcovado, Piriya, and Norvind.

To fuel economic growth and finance large infrastructure and welfare programs, governments in Nouvelle Alexandrie have taken measures to promote innovation, encourage entrepreneurship, and to re-train the workforce through the New Prosperity Plan. The dynamism of the New Alexandrian economy has attracted attention from international business and investors, especially from friendly nations in the Raspur Pact. The public sector is used both as an investor and as a catalyst for economic development and innovation. The government of Nouvelle Alexandrie has two sovereign wealth funds, the Federal Sovereign Wealth Fund and the Strategic Energy Reserve Fund, which are used to manage the country's reserves. Initially the state's role was oriented more toward managing industries for economic development, but in recent decades the objectives of Nouvelle Alexandrie's sovereign wealth funds have shifted to a commercial basis.

Nouvelle Alexandrie is a member of the Raspur Pact, granting the economy access to one of the largest free trade and freedom of movement arrangements with 12 other nations.

History

Unification Period

The nation of Nouvelle Alexandrie came about through the uniting of Alduria and Wechua Nation, given form with the Proclamation of Punta Santiago. It inherited a diverse, but advanced economy, with high industrial manufacturing and technological power in Alduria, and a big agricultural and mining economy from Wechua Nation.

The unification brought at the first new economic power - if only due to a near doubling of GDP - as the agricultural production of Wechua, combined with its rich resources such as marble, natural gas, and minerals, fuelled new economic growth, made possible by Alduria's advanced manufacturing. Beyond industrial power, Alduria and Wechua held the majority of their economic power in services. Education and the financial sector, as well as tourism, were strong economic contributors. Unification brought newfound opportunities for tourism and banking.

The unification did necessitate the creation of a united single currency. President Alejandro Campos created the écu. At the same time, he encouraged a free-market economy, as was the case in Alduria before the unification. The planned economy of Wechua, however, suffered at first from this change in economic planning. Economic investment was coupled with liberalisation of the market, including shifting towards services, and promoting private investment and participation.

New Prosperity Plan

The New Prosperity Plan was a series of economic plans and policies to rapidly stimulate the social, political, economic, and financial growth of the nation. The immediate laws that came from it had profound effect on the economy, social wellbeing, finances, and development of Nouvelle Alexandrie. The laws passed in 1685 AN and 1686 AN created a central bank, a national minimal wage, trade unions rights and regulations, social security programs, housing programs, a national health institute, a national science institute, industrial development programs, a national program for infrastructure development, food security regulations, the national tax system, and and environmental protection programs.

The national program for infrastructure saw the creation of a highway network, national railway network, and civil works ranging from governance to airports and power plants, as well as the national system of parks. Local networks such as metros, tramways, and commuter lines, were also accomplished. Beyond that, four culture projects invested in media, sports, and culture.

The Plan was finished as part of three Five Year Plans, between 1685 AN and 1701 AN, when it was regionalised in favour of regional economic planning. The plan gained favour from economists and the population due to the rapid expansion of transport links, new civil works and culture, and energy production. But there was criticism as well: many bankers saw the federal debt growing fast, which gave rise to high budget deficits and borrowing needs. Economists saw the problem with fitting the Plan into the market economy that Nouvelle Alexandrie was pursuing, especially concerning free enterprise and economic liberties for the population. Politicians, on the other hand, berated the growth of federal government to administer the Plan, as well as the extensive expansion of bureaucracy and administrative capacity.

Recession of 1709

Main article: Recession of 1709

In 1709 AN, the economy of Nouvelle Alexandrie, along with many allies in the Raspur Pact, such as neighbour Constancia and Ransenar, suffered from a spike in inflation, brought about by the Division of the Natopian Empire. Economic uncertainty, falling supply chains and manufacturing capacity, and the aftermath of the Great Vanic Revolt led to a shrinking of economies GDP fell in successive quarters. The results where consumer good and foodstuffs shortages, which drove further inflation, and harmed tax incomes, leading to higher deficits. The Nouvelle Alexandrie economy was heavily interconnected through the Raspur Pact, but also the Community of Goldfield and the Euran Economic Union.

The recession lasted for only 13 months, but had profound impact on the economy, ending a long period of expansion and growth. The most affected sectors were tourism, retail, transport, housing, manufacturing, and finances. By 1711 AN, when the Natopian division was cleared, and infrastructure projects such as the Alduria High Speed Line and the SRC Potosí Line, along with the Cárdenas-Potosí Highway, created new economic recovery. Coupled with investments and financial reforms, especially the currency reform in 1711 AN, the economy grew and unemployment fell steadily from 1712 AN onwards.

Recovery and economic boom

Economic development

Recession of 1726

Main article: Recession of 1726

Data

GDP and Workforce (1715 AN)
Primary Sector
Subsector % of total production % of workforce
Agriculture 3.5% 9.2%
Fishery 1.5% 3.7%
Logging 1% 2.4%
Mining 3.6% 8.1%
Petrochemical 4% 5.5%
Secondary Sector
Chemicals 2.2% 1.9%
Construction 5.6% 5.7%
Consumer Goods 5.8% 6.3%
Heavy Industry 2.1% 1.9%
Metallurgy 3.8% 4.8%
Textiles 2.3% 2.2%
Tertiary Sector
Business 22.1% 23.4%
Commerce 9.4% 11.3%
Communications 2.3% 1.6%
Social Services 6.2% 2.2%
Tourism 5.5% 4.9%
Transport 5.1% 4.8%
Utilities 0.5% 1.2%
Other Services 3% 0.8%
GDP Growth
Financial Year GDP (NAX écu) Growth rate (average where applicable)
1685 € 4,823,657,131,051 N/A
1690 € 5,470,075,731,084 2.5%
1695 € 6,540,058,829,207 3.5%
1700 € 7,842,844,106,844 3.6%
1705 € 9,502,248,609,577 3.8%
1708 € 10,012,352,825,658 0.4%
1709 € 9,681,945,182,411 -3.3%
1710 € 9,430,214,607,668 -2.6%
1711 € 9,383,063,534,630 -0.5%
1715 € 10,165,889,312,563 1.5%
1718 € 10,958,168,912,727 2.5%
Unemployment Figures
Financial Year % of unemployment
1685 9.2%
1690 8.5%
1695 9.1%
1700 8.8%
1705 7.3%
1708 7.4%
1709 13.1%
1710 11.3%
1711 9.6%
1715 7.8%

Sectors

Primary Sector

Agriculture and Fishery

The farming and fishing production of Nouvelle Alexandrie has been strong since its creation. Owing to fertile lands in Keltia, as well as the Islands economic dependency on fishing, agriculture and fishing remains a big part of the national GDP, at 6%, while employing about 13% of the entire population. Farming in Nouvelle Alexandrie is highly efficient: in Wechua and Santander, land consolidation started happening in 1690 AN, along with mechanisation. In terms of livestock farming, it has been illegal since 1700 AN to have battery cages and factory farms.

The most produced crop in agriculture are cereal grains: Wheat takes up about 30% of all farms, with Rice at 20%, and other grains take up 10%. About 15% of all farms are fruit farms, including greenhouses. 10% of farms are dedicated to vegetables; potatoes foremost. 10% of farms are dedicated to textiles, such as cotton, flax, jute, and hemp. Tobacco is also farmed, with more than 2% of farms dedicated to it. 3% of farms are dedicated to floriculture. In terms of consumption: about 35% of all farms are solely dedicated to the production of animal feed, with the other 65% for human consumption.

In livestock farming, almost 30% of farms are dedicated to Cattle; 25% to Poultry (of which 85% Chicken); 20% to Pigs; 15% to Sheep; and 10% to other animals, such as goats, llamas, and turkeys.

Fishing is a major economic force of the economy of the Islands. For example, it employs almost 25% of all people of the Islas de la Libertad. Crustacean fishing is also big on the islands, especially in South Lyrica.

Notable enterprises
Name Owner Activity
Agrifoods Lucas Val Animal Feed Processor
Fertix Xavier Escudero Fertilizer Producer
FarmVitality Fernando Ariza Soil Researcher

Mining

Mineral Mining

Nouvelle Alexandrie has mountain ranges that have been the source of multiple minerals. Especially in Keltia, the Chinchaysuyu Mountains have been a source for banded iron formations, which is used to extract iron ore. At the same time, the Junín Coal Field is the largest source of coal in the country. The Kuntisuyu Mountains are the main source of marble and quarrying. There is Quartzite mining in Alduria, which is the biggest source of Silicon. In Santander, there are large clay and shale mining around Rosselló. Potash mining has declined, but is mostly present in Bassumorto. Lastly, pearl hunting is done on the Islas de la Libertad, while minor Gold mining exists on New Luthoria. The largest export of minerals is in Iron, which is a major income source from predominantly Raspur Pact allies. The Euran Economic Union allies are also a major partner for Silicon trading.

Uranium Mining

There exists a minor uranium mining operation in South Lyrica, where the only source of Uranium in the Federation is found. In accordance with laws and foreign policies, trade has been limited to Raspur Pact allies.

Oil & Gas Mining

The largest land oil reserves are in Lyrica, where the Montchèry and Llactapata Oil Fields produce more than 30% of all oil. The Huichajanca Oil Field in Wechua is the main producer on Keltia, while the Amapola and Tudela Fields are the land oil extraction sites in Eura. But the bulk of oil production lies in offshore installations: on the Alduria coast, there are 5 sea oil field operations, while on the Keltia coast, there are 3, and at New Luthoria, there are 2. Nouvelle Alexandrie is one of the biggest exporters of oil in the world. More than 40% of all oil exports are however reserved to Raspur Pact allies.

Natural Gas is also present, most dominantly in the Chambéry Gas Field in Valencia. But like oil, gas extraction is done mostly on sea. Nouvelle Alexandrie is a net natural gas exporter.

Notable enterprises
Name Owner Activity
Ferronix Antia Biel Iron Ore Miner
Sillicogem Sergio Valderas Silicon Miner
Cardinal Stone Works Jose Manuel Melero Quarrier and Marble-maker
National Uranium Mining Corporation Department of Energy and Environment Uranium Mining
Aldurian Oil Company Andres Gálvez Oil Company
WechuGas Jaime Benítez Gas Company

Forestry

The Logging industry in Nouvelle Alexandrie is modest, mostly concentrated in Santander. It is mostly planned forestry and mechanized, with conifers and hardwood as the primary product. Bosque Balderas, near Ciudad Real, is the largest source of timber in the nation.

Notable Enterprises
Name Owner Activity
Balderas Guardabosque Xavier Labrador Timer Maker

Secondary Sector

Textiles

The textile industry is one of the major exports of Nouvelle Alexandrie. It is concentrated and mostly automated, with an increasing emphasis on synthetic textiles, owing to oil production. It is notable that women form a larger part of the textile workforce than the national average: this is a remnant of homespun textile production.

Notable enterprises
Name Owner Activity
Fiberwave Triana Catalá Textile Producer
Silkpeak Amanda Conde-Rey Textile Producer

Consumer Goods

The general industry is a major contributor to the economy, with production ranging from cosmetics to electronics. The industry is one of the few heavy industry remaining in the country, however it is slowly being automatized. The sector is highly diverse, with important production in medical equipment as well.

Layout of consumer goods sectors
Sector % of total production % of total workforce
Durable Appliances 28% 15%
Electronics 22% 20%
Furniture 10% 11%
Medical Equipment 14% 4%
Non-durable Cleaning Products 5% 8%
Cosmetics 10% 10%
Hygiene Supplies 8% 10%
Office & School Supplies 3% 12%
Notable enterprises
Name Owner Activity
Dishwire Marc Carreiro Kitchen Appliances
Cleancycle Cristina Monte Washing Appliances
CyberAlexis Systems Erik Peña Computers & Software Developer
MobileZen Ibai Lagos Consumer Electronics Maker
Prodigitech Mario Valdueza Computer Builder
Falcon Creek Joan Acin Furniture Maker
Red Cedar Thiago Castellano Furniture Maker
Pationic Cesar Alguacil Medical Equipment Maker
Sanic Ana Santolaria Medical Equipment Maker
Qualime Bruno Artigas Cleaning Products Maker
Herbell Miguel Herbell Perfume Maker
Florisle Kevin Hidalgo Cosmetics Maker
Jewella Beatriz Burgos Cosmetics Maker
Conmone Manuela Bolea Hygienic Products Maker
Officeche Juan Ferreiro Office Supplies Maker
Educatic Patricia Bolea School Supplies Maker

Metallurgy

Due to the availability of metals and coal, the production of steel and other alloys is a major part of the manufacturing business in Nouvelle Alexandrie. Of these, Steel and Aluminium production are foremost. The metal industry is vital to other sectors such as consumer goods and heavy industry as well. It is highly specialized and automatized, employing only 14% of the secondary sector workforce while contributing more than 35% of the GDP output in manufacturing.

Notable enterprises
Name Owner Activity
Metalfy Samuel Briones Steel & Alloy Maker
Puranno Juan Carlos Madrid Alloy Maker
Horizon Aluminium Miguel Vergara Aluminium Maker

Chemicals

The production of medicines and other chemicals, such as polymers, fertilizers, pesticides, paints, acids, additives, flavors, and fragnances is a considerable industry in Nouvelle Alexandrie. Despite having low economic power and being mostly automatized, it performs key industrial functions for much of the other sectors, including manufacturing.

Notable enterprises
Name Owner Activity
Chemivon Javier Llopis Fertilizers & Pesticides Maker
Proxima Isabella Aragón Polymers Maker
Chroma Lab Co. Valeria Merino Additives & Flavors Maker
Cemcero Irene Encanto Paint & Pigments Maker
Chemplex Jorge Saldaña Acids & Bases Maker
Meditonic Manuel Tejero Pharmaceutical Company
Healixa Lucia Belen Ascaso Pharmaceutical Company
Innocare Pharma Diana Cueva Pharmaceutical Company
Medilance Matias Méndez-Arán Pharmaceutical Company

Construction

The construction sector has been a large part of the economy, through the New Prosperity Plan and in the aftermath of the Recession of 1709. The construction sector is somewhat more regulated than other sectors, with the major state-owned company National Construction Corporation dominating projects in several sectors, such as railways.

Notable enterprises
Name Owner Activity
National Construction Corporation Department of Civil Works and Transportation Construction Company
ESB Construction Esmeralda al-Osman Construction Company
Parap Construction and Engineering Adrian Escrivá Construction Company
Mantive Corp. Matias Sabaté Construction Company
LaFleur Construction Lina Santolaria Construction Company
Lyrican Development Corporation Gabriel Gallardo Construction Company
Cardenas Construction Corp. Louise Valverde Construction Company

Settlement companies and property developers

Heavy Industry

The Heavy Industry encompasses large and complex industrial processes, such as ship manufacturing, the automotive industry, machine tools, and aerospace manufacturing. In Nouvelle Alexandrie, the machine industry is the largest of these, while ship manufacturing, as a major naval nation, is also important for the economy. Both the Aerospace and Shipbuilding industries have large parts controlled by the government, mostly pertaining to defence manufacturing.

Sector % of total production % of total workforce
Aerospace 16% 18%
Automotive 15% 20%
Machine Tools 47% 35%
Shipbuilding 22% 27%
Notable enterprises
Name Owner Activity
Javelin Industries Alfonso Torrente Aerospace & Defense Manufacturer
Ahvaz Automotive Engineering Company Katja Magda Thorgilsdottir Automotive Producer
Aldurian Motor Company Ignacio Fidalgo Automotive Producer
Tudela Motor Company Mehran Nazeri Automotive Producer
Farmaker Maria Jose Prado Machine Tools Producer
M-Tools Eva Domínguez Machine Tools Producer
Boss Build Miguel Biescas Machine Tools Producer
Pontecorvo Firm Adam Linares Shipbuilder
ESB Armada Abril Cantero Shipbuilder
FBP David Collado Defense Manufacturer
Rimarima Armaments John Martinez Defense Manufacturer

Tertiary Industry

Transportation

The transportation sector is a vital part of the economy. As a major naval nation, much transport is done by airplane and ships. Beyond that, Nouvelle Alexandrie has an extensive highway network, part of the Pan-Euran Highway and Pan-Keltian Highway, and a national rail network with freight lines and high-speed track.

Type of transportation % of total transports
Road 45%
Rail 22%
Air 15%
Water 18%
Notable enterprises
Name Owner Activity
Heline Cargo Luis Pastor Truck Transporter
Paravel Marcos Colina-Alcaie Truck Transporter
Nouvelle Alexandrie Railways Freight Guillaume Vaca Freightliner
Santander Railway Corporation Angelito Falcone Freightliner
T-Cargo Air Alberto Escudero Air Cargo Transporter
Aerose Zoe Anglés Air Cargo Transporter
Skycargo Inc. Omar Ramos Air Cargo Transporter
Kerularios & Company Cristian Peris Ship Cargo Transporter
T-Cargo Sea Alberto Escudero Ship Cargo Transporter

Communications

The Telecommunications sector connects the nation together. Due to its geography, the national television, radio, and telephony networks are vital. It has however, only modest economic power and employs some of the smallest workforces in the nation. The main broadcaster, NBC, is publicly owned. It is however an important connection for other sectors in the economy.

Notable enterprises
Name Owner Activity
National Broadcasting Corporation Department of Communications Television & Radio Service
Central Broadcasting Company ESB Media Television & Radio Service
AlexTV Corp Geraldo Capon Television & Radio Service
NAXConnect Sarbanes-Lopez CyberSecurity Internet Provider
Larousse Publishing Corporation Rufio Trevisan Newspaper & Books Publisher
Aldurian Publishing Group Sara Maldonado Newspaper & Books Publisher
Cárdenas News Group Dominga Moreau Newspaper Publisher

Tourism

Tourist services and cultural venues are a growing part of the economy in Nouvelle Alexandrie, being as large as the transport sector in terms of GDP contribution and workforce. The market economy of the nation has led to many small and large tourism businesses growing around the natural beauty, especially the Islands, and the rich culture of Alduria and Wechua.

Notable enterprises
Name Owner Activity
Scouter Travel Jose Luis Sastre Travel Agency
Cititour Santiago Artigas Travel Agency
Paloma Hotels Cristina Panicucco Hotel Chain
HotelBev Felix Cocci Hospitality and Beverage Company
Raymon Hotels Hernan Raymon Hotel Chain
Aldurian Cruises Jorge Betances de Seda Holiday Cruises
Ocean Summit Cruises Alexander Botín Holiday Cruises

Energy

The energy sector of Nouvelle Alexandrie is mostly devolved, with regional governments in charge of decisions. The energy mix can be considered somewhat green: renewables produce more than 17% of all demand, and nuclear is at 11.5%. In terms of economic power, energy has the smallest GDP contribution and workforce, but is vital to the functioning of al other sectors.

Source % of energy mix Total production (1715 AN)
Renewable Wind Energy 5.3% 1,554 TWh
Solar Energy 1.9% 548 TWh
Hydroelectricity 8.9% 2,612 TWh
Geothermal 0.7% 206 TWh
Non-fossil Nuclear 11.5% 3,345 TWh
Biomass 0.4% 108 TWh
Fossil Oil 23.6% 6,884 TWh
Natural Gas 46.8% 13,658 TWh
Coal 1.0% 785 TWh

Currency

Infrastructure

The nation of Nouvelle Alexandrie has an extensive network of roads, railways, airports, and harbours:

Foreign trade and investment

Issues