Economy of Constancia
| File:Insert Not Erb Currency Image.png | |
| Currency: | Constancian Stater ($) |
| GDP: | TBC $ |
| GDP by Sector: |
|
| Marketplace | |
|
| |
| Industries: |
|
| Major Industry (% of GDP): | Military (TBC %) |
| Largest Company (Value): | RubyGem (TBC $) |
| Labour Force (% of Total Population): | TBC (TBC %) |
| Labour Force by Sector: |
|
| Unemployed (% of Total Population): | TBC (TBC %) |
|
| |
| Budget: | TBC $ |
| Budget Surplus or Deficit: | TBC $ |
| Inflation Rate: | |
|
| |
| Exports: | Gemstones, artisanal soap, salt, sand, sponges, fish (fresh, salted, dried) and fishery products, uranium (formerly), Nivardom marble, expatriate and migrant workers |
| Export Partners: | Natopia, Shireroth |
| Imports: | Everything |
| Import Partners: | Natopia, Shireroth, |
| Reserves of Foreign Currency: | |
History
Inter-war period
The economy of Constancia is geared heavily towards reconstruction in the wake of two devastating Euran conflicts and the general dislocation in global trade occasioned by the Alexandrian Flu, War of Lost Brothers, the White Plague, and the consolidation of a hostile and invasive Bassarid polity along the shores of the Sea of Storms.
The major problem at the onset of Primo de Aguilar's ascension to the Autokratocracy was Constancian access to credit, particularly in light of the economic losses suffered in the course of the Euran war. The Free and Associative Kingdom at the time utilised a free currency regime, had minimal tax revenue that accrued to the national government (although all real property was legally held in chief by the Basileus), and had major development needs. By adopting a policy of "Semi- State Capitalism" / "Coordinated Capitalism" combined with a top-down system of "National-Democracy", the Constancian regime sought to create conditions conducive for attracting inward investment by the powerful multinational corporations - such as the ESB Group, Iron Company, and SATCo - which were perceived as the underpinning of the economic system of the SANE (later Raspur Pact) alliance.
The intention of stimulating investment into Constancia also centred around a policy of economic liberalisation with the goal of making the economy more market and service-oriented, stimulating private investment and economic participation by the Euran populace.
These intentions were however widely criticised at the time for seemingly quickly degenerating into a form of crony capitalism wherein government ministers, the Autokrator, and even the royal family themselves, were perceived to be engaged in a monumental programme of self-enrichment through a series of convoluted stock issuances, asset swaps, and buy-outs, most of which seemed to involve, at some point or another, the ESB Group and its Euran or Keltian subsidiaries. All of this occurring while productivity stagnated and the tenuous democratic norms established after the first Euran War were increasingly flouted. The consequence of which would be a reckoning not long in coming for Primokratíc regime.