Economy of Palesmenia: Difference between revisions
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|'''Imports:''' || Alcohol, Tobacco, Gold, Lead, Cotton, Assorted Chemicals | |'''Imports:''' || Alcohol, Tobacco, Gold, Lead, Cotton, Assorted Chemicals | ||
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|'''Import Partners:'''|| [[Krasnocoria]] | |'''Import Partners:'''|| [[Krasnocoria]], [[Iron Company]] | ||
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|'''Reserves of Foreign Currency:''' || | |'''Reserves of Foreign Currency:''' || | ||
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===Krasnocoria=== | ===Krasnocoria=== | ||
In an agreement dating to January 2019, oil and textiles would be exported to [[Krasnocoria]] in return for Alcohol, Tobacco, Metals, and Chemicals. | In an agreement dating to January 2019, oil and textiles would be exported to [[Krasnocoria]] in return for Alcohol, Tobacco, Metals, and Chemicals. | ||
===Iron Company=== | |||
In early March 2019, an agreement was made with the [[iron Company]] where rice was exported to areas in [[Eura]] and [[Keltia]] in return for steel and building materials. | |||
[[Category:Palesmenia]] [[Category:Economy]] | [[Category:Palesmenia]] [[Category:Economy]] | ||
Revision as of 19:27, 16 March 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) |
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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, Iron Company |
| 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.
Iron Company
In early March 2019, an agreement was made with the iron Company where rice was exported to areas in Eura and Keltia in return for steel and building materials.
