Economy of the Confederate States of Floria
Northcliff Financial District | |
Currency | Florian Dollar ($) |
---|---|
Fixed Exchange Rate | 1.40 |
Fiscal Year | 1661 |
Economic Group | Developed/Advanced |
Population | 142,574,203 |
GDP | Cr 6.43 trillion (1727) |
Growth Rate | ▼ 1.37% |
GDP Per Capita | Cr 45,099 |
Economic Sectors |
Primary: 4.8% |
Unemployment Rate | 4.8% |
Average Net Salary | 2,172 monthly |
Major Industries |
Natural Gas Oil Sports Finance Manufacturing Telecommunication and technology Mining Tourism Defence |
Main Export Partners |
Xäiville Convention (except Craitland, South Sea Islands and Tellia. Raspur Pact (except Natopia and Nouvelle Alexandrie). |
Main Import Partners |
Xäiville Convention (except Craitland, South Sea Islands and Tellia. Raspur Pact (except Natopia and Nouvelle Alexandrie). |
The Economy of the Confederate States of Floria is a highly developed free-market economy. It is one of Micra's largest by nominal GDP despite engaging in warfare throughout its history and post-war treaties which at one point disabled many of the country's most important sectors until the treaties were eventually abolished. The Florian dollar is one of the most stable and its exchange rate compares strongly with the Craitish Cräite, the standard used to compare other currencies. Floria imports and exports a large number of goods, most notably the former member states of the Apollonian and Euran Economic Union and the Raspur Pact, which it was formerly part of.
Floria has one of the largest automobile manufacturing industries and the largest telecommunication and technology industry and is the most innovative in that sector. Floria also has significantly large reserves of natural oil and gas and owns many companies controlling the extraction of these resources. Other major industries include mining, music and sports.
After the annexation of Port Balaine in 1706 AN, the country faced extensive sanctions and boycotts from many nations with the most harshest sanctions enacted by the Xäiville Convention, Floria’s largest trading partner outside the Raspur Pact. These sanctions were mostly abolished by 1721.
History
Major sectors
Primary
Energy
Floria nationwide is packed with vast amounts of natural resources nationwide with highest concentration of resources being in the central parts of the country. Oil and gas are Florias's two largest sources of income. It is one of Micras's leading exporters and producers of natural gas. Floria has also developed renewable energy sources so it becomes less dependent on fossil fuels which are harmful to the environment. Nuclear energy is banned in Floria.
Mining
Floria is a leading producer and exporter of minerals and gold. The country has large amounts of copper in the Northern parts of Victoria. In states in the east, there are gold mining operations.
Industry
Defence
The defense industry of Floria is a strategically important sector and a large employer in the country. Floria has a large and sophisticated arms industry, capable of designing and manufacturing high-tech military equipment, including fighter jets, nuclear-powered submarines, firearms, and short range/long range ballistic missiles. It is one of the Raspur Pacts largest exporters of arms.
Automotive
The automotive industry in Floria is one of the largest employers on Micras, with a labour force of around 950,000. The Florian automobile industry is regarded as one of the most competitive and innovative on Micras and is home to Titan Automotives, Micras most well-known luxury car brand. ULAS Motors is another major brand owned by Floria.
Electronics
Services
Floria’s service sector accounts for 63.8% of its total economic output. Insurance, real estate, retailing, transportation, and telecommunications are all major industries.
Retail
Transportation
Railway transport is controlled by FLO Railways, a state-controlled company. It covers the vast majority of Floria apart from the overseas territories and Mesoun. Floria has numerous airports with Northcliff St. Peter International Airport acting as the flagship major international airport. Ports are found in the cities of Port Farrar, Diamond Harbour and Moss Side.
Floria is also part of the Apollonian Express and with its central location is an important hub of the network. However at various stages of the network's development and operation. Floria throughout history has blocked its services with its neighbours, and has also been blocked by neighboring states like Kildare due to its aggressive attitude towards other nations.