Economy of Nouvelle Alexandrie
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This article or section is a work in progress. The information below may be incomplete, outdated, or subject to change. |
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| GDP: | NAX€9.796 trillion (1706 AN) ▲ 3% |
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| Unemployed: | ▼ 4.9% (1706 AN) |
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| 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: | 4.2% 1706 AN |
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| 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. |
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| 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. |
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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.
