Economy of Nouvelle Alexandrie: Difference between revisions
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{{ | {{Nouvelle Alexandrie Article}} | ||
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|align=center colspan=2 | <center><big>'''Economy of [[ | |align=center colspan=2 | <center><big>'''Economy of [[Nouvelle Alexandrie]]'''</big> | ||
|- | |- | ||
| align=center colspan=2 | | | align=center colspan=2 | | ||
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</center> | </center> | ||
|- | |- | ||
|'''Currency:'''|| the [[ | |'''Currency:'''|| {{unbulleted list|the [[New Alexandrian écu|New Alexandrian écu (€, NAX€)]] (official)|<small>the [[Natopian natopo|Natopian Natopo (₦)]]</small>}} | ||
|- | |- | ||
|'''GDP:'''|| | |'''GDP:'''|| NAX€24.3 trillion ({{AN|1726}})<br>{{decrease}} 6.1% | ||
|- | |- | ||
|'''GDP by Sector:'''|| | |'''GDP by Sector:'''|| | ||
{{unbulleted list|Agriculture: | {{unbulleted list|Agriculture: XX.X%|Industry: XX.X%|Services: XX.X%}}<small>({{AN|1726}})</small> | ||
|- | |- | ||
|'''Marketplace'''|| | |'''Marketplace'''|| | ||
|- | |- | ||
| align=center colspan=2 | | | align=center colspan=2 | | ||
---- | ---- | ||
|- | |- | ||
|'''Industries:''' || | |'''Industries:''' || | ||
{{unbulleted list|Machinery|Petroleum|Chemicals|Automobiles|Metallurgy|Aircraft|Ships|Electronics|Textiles|Jewelry|Food and Beverage|Tobacco|Handicrafts|Tourism}} | {{unbulleted list|Machinery|Petroleum|Chemicals|Automobiles|Metallurgy|Aircraft|Ships|Electronics|Textiles|Jewelry|Food and Beverage|Tobacco|Handicrafts|Tourism}} | ||
|- | |- | ||
|'''Major Industry (% of GDP):'''|| {{unbulleted list|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%}} | |'''Major Industry (% of GDP):'''|| {{unbulleted list|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 | |'''Largest 5 Companies (Value in NAX€):'''|| {{unbulleted list|[[Kerularios & Company]] (NAX€ XX)|[[ESB Susa]] (NAX€ XX)|[[Pontecorvo Firm]] (NAX€ XX)|[[Javelin Industries]] (NAX€ XX)}} | ||
|- | |- | ||
|'''Labor Force:'''|| | |'''Labor Force:'''|| | ||
|- | |- | ||
|'''Labor Force by Sector:'''|| | |'''Labor Force by Sector:'''|| | ||
|- | |- | ||
|'''Unemployed:'''|| {{ | |'''Unemployed:'''|| {{Increase}} 6.5% ({{AN|1726}}) | ||
|- | |- | ||
| align=center colspan=2 | | | align=center colspan=2 | | ||
---- | ---- | ||
|- | |- | ||
|'''Budget:''' || ''Revenues'': | |'''Budget:''' || ''Revenues'': NAX€1.298 trillion<br>XX% of GDP<br>''Expenses'': NAX€1.1 trillion<br>XX% of GDP<br><small>{{AN|1706}}</small> | ||
|- | |- | ||
|'''Budget Surplus or Deficit:''' || {{increase}} | |'''Budget Surplus or Deficit:''' || {{increase}} NAX€198 billion (XX% of GDP)<br>''Public Debt'': NAX€6.12 trillion (XX of GDP)<br><small>{{AN|1706}}</small> | ||
|- | |- | ||
|'''Inflation Rate:''' || | |'''Inflation Rate:''' || 2.4% <small>{{AN|1726}}</small> | ||
|- | |- | ||
| align=center colspan=2 | | | align=center colspan=2 | | ||
Line 48: | Line 48: | ||
|'''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. | |'''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:''' || {{unbulleted list|{{team flag|Natopia}}|{{team flag|Constancia}}|{{team flag| | |'''Export Partners:''' || {{unbulleted list|{{team flag|Natopia}}|{{team flag|Constancia}}|{{team flag|Benacian Union}}|{{team flag|Ransenar}}|{{team flag|Craitland}}|{{team flag|Sanama}}}} | ||
|- | |- | ||
|'''Imports:''' || machinery, | |'''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:'''|| {{unbulleted list|{{team flag|Natopia}}|{{team flag|Constancia}}|{{team flag| | |'''Import Partners:'''|| {{unbulleted list|{{team flag|Natopia}}|{{team flag|Constancia}}|{{team flag|Benacian Union}}|{{team flag|Sanama}}|{{team flag|Ransenar}}|{{team flag|Sanama}}}} | ||
|- | |- | ||
|'''Reserves of Foreign Currency:''' || | |'''Reserves of Foreign Currency:''' || | ||
Line 59: | Line 59: | ||
|} | |} | ||
[[ | The '''economy of [[Nouvelle Alexandrie]]''' is a large, emerging, social market economy characterized by a high level of foreign trade. The [[Nouvelle Alexandrie|New Alexandrian]] economy has improved substantially since the foundation of the Federation in {{AN|1685}} as [[New Prosperity Plan|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 [[Demographics of Nouvelle Alexandrie|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|Nouvelle Alexandrie]]'s largest trade partners are [[Natopia]], [[Constancia]], the [[Benacian Union]], [[Ransenar]], [[Sanama]], [[Craitland]], the [[The Hexarchy|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 [[Administrative divisions of Nouvelle Alexandrie|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 {{AN|1690}} and {{AN|1705}} (15 years), many ports across [[Nouvelle Alexandrie]] became key in the growth of entrepôt trade, mainly in the [[Administrative divisions of Nouvelle Alexandrie|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 (Nouvelle Alexandrie)|Federal Sovereign Wealth Fund]] and the [[Hydrocarbon Nationalization, Levy, and Strategic Reserve Act, 1695|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 [[Raspur_Pact#Membership|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 {{AN year|1685}} and {{AN year|1686}} 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 {{AN year|1685}} and {{AN year|1701}}, 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|Recession of 1709}} | |||
In {{AN year|1709}}, 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 {{AN year|1711}}, when the Natopian division was cleared, and infrastructure projects such as the Alduria High Speed Line and the [[Santander Railway Corporation|SRC]] Potosí Line, along with the Cárdenas-Potosí Highway, created new economic recovery. Coupled with investments and financial reforms, especially the currency reform in {{AN year|1711}}, the economy grew and unemployment fell steadily from {{AN year|1712}} onwards. | |||
=== Recovery and economic boom === | |||
=== Economic development === | |||
=== Recession of 1726 === | |||
{{Main|Recession of 1726}} | |||
==Data== | |||
{{Main|Economic Data of Nouvelle Alexandrie}} | |||
{| class="wikitable mw-collapsible mw-collapsed" | |||
|+GDP and Workforce ({{AN year|1715}}) | |||
! colspan="3" |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% | |||
|- | |||
! colspan="3" |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% | |||
|- | |||
! colspan="3" |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% | |||
|} | |||
{| class="wikitable mw-collapsible mw-collapsed" | |||
|+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% | |||
|} | |||
{| class="wikitable mw-collapsible mw-collapsed" | |||
|+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 {{AN year|1690}}, along with mechanisation. In terms of livestock farming, it has been illegal since {{AN year|1700}} 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]]. | |||
{| class="wikitable" | |||
|+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. | |||
{| class="wikitable" | |||
|+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 (Nouvelle Alexandrie)|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. | |||
{| class="wikitable" | |||
|+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. | |||
{| class="wikitable" | |||
|+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. | |||
{| class="wikitable" | |||
|+Layout of consumer goods sectors | |||
! colspan="2" |Sector | |||
!% of total production | |||
!% of total workforce | |||
|- | |||
| rowspan="4" |Durable | |||
|Appliances | |||
|28% | |||
|15% | |||
|- | |||
|Electronics | |||
|22% | |||
|20% | |||
|- | |||
|Furniture | |||
|10% | |||
|11% | |||
|- | |||
|Medical Equipment | |||
|14% | |||
|4% | |||
|- | |||
| rowspan="4" |Non-durable | |||
|Cleaning Products | |||
|5% | |||
|8% | |||
|- | |||
|Cosmetics | |||
|10% | |||
|10% | |||
|- | |||
|Hygiene Supplies | |||
|8% | |||
|10% | |||
|- | |||
|Office & School Supplies | |||
|3% | |||
|12% | |||
|} | |||
{| class="wikitable" | |||
|+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. | |||
{| class="wikitable" | |||
|+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. | |||
{| class="wikitable" | |||
|+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 | |||
|- | |||
|[[Aldurian Pharmaceuticals]] | |||
|Manuel Tejero | |||
|Pharmaceutical Company | |||
|- | |||
|[[Farmacéutica del Ande]] | |||
|Dr. Jean-Luc Dubois | |||
|Pharmaceutical Company | |||
|- | |||
|[[Innocare Pharma]] | |||
|Diana Cueva | |||
|Pharmaceutical Company | |||
|- | |||
|[[Viracocha Biotech]] | |||
|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. | |||
{| class="wikitable" | |||
|+Notable enterprises | |||
!Name | |||
!Owner | |||
!Activity | |||
|- | |||
|[[National Construction Corporation]] | |||
|[[Department of Civil Works and Transportation (Nouvelle Alexandrie)|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 ==== | |||
{{See also|Chartered settlement companies (Nouvelle Alexandrie)}} | |||
==== 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. | |||
{| class="wikitable" | |||
!Sector | |||
!% of total production | |||
!% of total workforce | |||
|- | |||
|Aerospace | |||
|16% | |||
|18% | |||
|- | |||
|Automotive | |||
|15% | |||
|20% | |||
|- | |||
|Machine Tools | |||
|47% | |||
|35% | |||
|- | |||
|Shipbuilding | |||
|22% | |||
|27% | |||
|} | |||
{| class="wikitable" | |||
|+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 [[Rail transport in Nouvelle Alexandrie|national rail network]] with freight lines and high-speed track. | |||
{| class="wikitable" | |||
|+ | |||
!Type of transportation | |||
!% of total transports | |||
|- | |||
|Road | |||
|45% | |||
|- | |||
|Rail | |||
|22% | |||
|- | |||
|Air | |||
|15% | |||
|- | |||
|Water | |||
|18% | |||
|} | |||
{| class="wikitable" | |||
|+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. | |||
{| class="wikitable" | |||
|+Notable enterprises | |||
!Name | |||
!Owner | |||
!Activity | |||
|- | |||
|[[National Broadcasting Corporation (Nouvelle Alexandrie)|National Broadcasting Corporation]] | |||
|[[Department of Communications (Nouvelle Alexandrie)|Department of Communications]] | |||
|Television & Radio Service | |||
|- | |||
|[[Central Broadcasting Company (Nouvelle Alexandrie)|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. | |||
{| class="wikitable" | |||
|+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. | |||
{| class="wikitable" | |||
|+ | |||
! colspan="2" |Source | |||
!% of energy mix | |||
!Total production ({{AN year|1715}}) | |||
|- | |||
| rowspan="4" |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 | |||
|- | |||
| rowspan="2" |Non-fossil | |||
|Nuclear | |||
|11.5% | |||
|3,345 TWh | |||
|- | |||
|Biomass | |||
|0.4% | |||
|108 TWh | |||
|- | |||
| rowspan="3" |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: | |||
* [[Pan-Keltian Highway]] | |||
* [[Pan-Euran Highway]] | |||
* [[National Tampu System]] | |||
* [[Wechua Nation|Qhapaq Nan]] | |||
* [[Rail transport in Nouvelle Alexandrie|National Rail Network]] | |||
* [[Cárdenas International Airport]] | |||
* [[Punta Santiago International Airport]] | |||
* [[Parap International Airport]] | |||
* [[Cárdenas Metro]] | |||
* [[Punta Santiago Metro]] | |||
* [[Parap MetroRail System]] | |||
* [[Port of Jirishanca]] | |||
==Foreign trade and investment== | |||
==Issues== | |||
[[Category:Economy of Nouvelle Alexandrie]] | |||
[[Category:Economy]] |
Latest revision as of 04:31, 31 July 2024
This article or section is a work in progress. The information below may be incomplete, outdated, or subject to change. |
Currency: |
|
GDP: | NAX€24.3 trillion (1726 AN) ▼ 6.1% |
GDP by Sector: |
|
Marketplace | |
| |
Industries: |
|
Major Industry (% of GDP): |
|
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
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
Data
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% |
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% |
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.
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.
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.
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.
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.
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% |
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.
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.
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 |
Aldurian Pharmaceuticals | Manuel Tejero | Pharmaceutical Company |
Farmacéutica del Ande | Dr. Jean-Luc Dubois | Pharmaceutical Company |
Innocare Pharma | Diana Cueva | Pharmaceutical Company |
Viracocha Biotech | 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.
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% |
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% |
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.
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.
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:
- Pan-Keltian Highway
- Pan-Euran Highway
- National Tampu System
- Qhapaq Nan
- National Rail Network
- Cárdenas International Airport
- Punta Santiago International Airport
- Parap International Airport
- Cárdenas Metro
- Punta Santiago Metro
- Parap MetroRail System
- Port of Jirishanca