Economy of Los Liberados
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| Currency: | Liberadosan cruz (₵) | ||
| GDP: | ₵ 517 billion (1677) | ||
| GDP by Sector: |
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| Unemployment Rate: | 4.8% (1677) | ||
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| Industries: |
Petroleum, mining, machinery, construction, steel, agriculture, pharmacy, energy | ||
| Major Industry (% of GDP): | Oil and gas (12.3%) | ||
| Largest Company (Value): | PetroLib (₵ 47.65 billion) | ||
| Labor Force (% of Total Population): | 3,943,100 (63%) |
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| Fiscal Year: | 1677 | ||
| Budget: | undisclosed | ||
| Inflation Rate: | 3.5% | ||
| Public Debt: | undisclosed | ||
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| Exports: | petroleum, hardwood, iron ore, steel, machinery, fruit, alcohol, tobacco, coffee, pharmacy, technology, seafood, shipbuilding | ||
| Export Partners: | Batavia, Constancia, Florian Republic, Jingdao, Kalgachia, Shireroth, Palesmenia | ||
| Imports: | uranium, natural gas, technology, weapons, grain, rice, meat | ||
| Import Partners: | Batavia, Constancia, Florian Republic, Jingdao, Kalgachia, Shireroth, Palesmenia | ||
The economy of Los Liberados is a diverse and young economy. Following Liberadosan independence in 1669, the country experienced an economic boom caused by the corporist policies of first president Jacobo Castrigo. The Iron Company gained a prominent position in the Liberadosan economy, which brought wide opportunities for the young Republic. Following a period of turmoil after the death of President Castrigo, and a backlash against the influence of the Company on Benacia, the Liberadosan government implemented a policy of nationalisation of industry and trade.
Economía Liberada
La economía liberada was a series of economic reforms that occured in Los Liberados following the ascencion of Rodrigo Calderón Mendez to the Presidency. Contrary to what the name might suggest, the liberated economy was not a policy of economic liberalisation, but rather of massive nationalisation. This was in line with what Calderón coined "Sociedad Nueva", a nationalist-syndicalist vision of the Republic. The Junta de la Liberación Nacional implemented the new policies at great speed following the death of President Castrigo, who had been an advocate for free trade.
