Economy of Palesmenia: Difference between revisions
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The {{PAGENAME}} is a mixed economy based mostly off industry and agriculture. While considered poor by other nations. The estimated GDP of the nation is ₭53.143 billion. Most industry in the country is nationalized after massive protests shortly after the reunification years. | The '''{{PAGENAME}}''' is a mixed economy based mostly off industry and agriculture. While considered poor by other nations. The estimated GDP of the nation is ₭53.143 billion. Most industry in the country is nationalized after massive protests shortly after the reunification years. | ||
The currency of Palesmenia is known as the [[Palesmenian Córa|Córa]] (₭). Foreign currency and even old Uantari currency is accepted by most shops in the country. | The currency of Palesmenia is known as the [[Palesmenian Córa|Córa]] (₭). Foreign currency and even old Uantari currency is accepted by most shops in the country. | ||
Revision as of 21:50, 6 January 2019
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| Currency: | Palesmenian Córa (₭) |
| GDP: | 53.143 billion Córa (as of January 2019) |
| GDP by Sector: | Industry: 53.6%; Agriculture: 28.1%; Services: 18.3% (Late 2018 estimate) |
| Marketplace | |
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| Industries: | Agriculture, Smelting, Textiles, Oil and Gasoline, Food and Beverages |
| Major Industry (% of GDP): | Oil and Gasoline (TBA%) |
| Largest Company (Value): | Amur Central Gas and Oil Company (TBA%) |
| Labour Force (% of Total Population): | TBA (TBA %) |
| Labour Force by Sector: |
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| Unemployed (% of Total Population): | ▼ 8.3% (Late 2018 census) |
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| Budget: | TBA ₭ |
| Budget Surplus or Deficit: | TBA ₭ |
| Inflation Rate: | |
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| Exports: | Silk, Oil, Wheat, Textiles |
| Export Partners: | Krasnocoria |
| Imports: | Alcohol, Tobacco, Gold, Lead, Cotton, Assorted Chemicals |
| Import Partners: | Krasnocoria |
| Reserves of Foreign Currency: | |
The Economy of Palesmenia is a mixed economy based mostly off industry and agriculture. While considered poor by other nations. The estimated GDP of the nation is ₭53.143 billion. Most industry in the country is nationalized after massive protests shortly after the reunification years.
The currency of Palesmenia is known as the Córa (₭). Foreign currency and even old Uantari currency is accepted by most shops in the country.
The nation is known for having rich silk deposits, a fact that helps in international trade with other nations. Oil is also a big export commodity, with nearly 1/3 of produced barrels being exported.
Overview
Major Industires
Government Programs
Young Economy Act
In December 2018, a policy was introduced to introduce debt forgiveness to certain qualifying businesses.
International Trade
Krasnocoria
In an agreement dating to January 2019, oil and textiles would be exported to Krasnocoria in return for Alcohol, Tobacco, Metals, and Chemicals.
