Economy of Tayichi

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Economy of Tayichi
CurrencyTayichian Kin (TKN)
No
1 April - 31 March
Trade organisations
AMA
Statistics
GDP$3.231 trillion
GDP rank?TBD
GDP growth
2.1% (2010-21 avg.)

1.6% (2024) 1.3% (2025f)

1.5% (2026f)
GDP per capita
$48,303
GDP per capita rank
?TBD
GDP by sector
Agriculture: 0.7%

Industry: 26.1%

Services: 73.2%

(2023)
GDP by component
Private consumption:

Government consumption: Gross capital formation: Exports of goods and services: Imports of goods and services: Net exports:

(2023)
0.9% (2024)
4.75% (May 2024)
Population below poverty line
16.1% at risk of poverty or social exclusion
35.4 (2023)
0.940
Labour force
32,652,797
Labour force by occupation
Agriculture: 1.3%

Industry: 22.5%

Services: 76.0%
Unemployment5.0% (2023)
Average gross salary
$4,125
$2,654
Main industries
High technology, motor vehicles, electronics, machine tools, ships, defence, chemicals, biotechnology, pharmaceutical, consumer products
?TBD
External
Exports$1.011 trillion
Main export partners
Borealia ?TBD%

Amnis: ?TBD%

Others: ?TBD%
Imports$1.08 trillion
Main import partners
Borealia ?TBD

Amnis: ?TBD

Others: ?TBD
FDI stock
Inward: $1.682 trillion


Outward: $1.566 trillion
-$88.5 billion (-2.7% of GDP)
$5.342 trillion (2024)
Public finances
$2.520 (2024) 78.0% of GDP
?TBD% of GDP
Revenues?TBD% of GDP (2023)
Expenses?TBD% of GDP (2023)
Standard & Poor's:

AA+ (Domestic)

AA+ (Foreign)

AAA (T&C Assessment)

Outlook: Stable

Moody's:

Aa2

Outlook: Stable

Fitch:

AA+

Outlook: Stable

Scope:

AA

Outlook: Stable
Foreign reserves
$288 billion, Imperial Bank = $36 billion

All values, unless otherwise stated, are in US dollars.

The economy of Tayichi is a highly developed social market economy. It is the [ranking] largest national economy in the world measured by nominal gross domestic product (GDP), [ranking] by purchasing power parity (PPP) and [ranking] by nominal GDP per capita. Tayichi constitutes of ?TBD% of world GDP.

The service sectors dominates the Tayichian economy, contributing over 73% of GDP, with financial services industry of particular importance due to Shuto's position as the [ranking] largest financial center in the world. Its technology sector is one of the most highly valued, surpassing $900 billion last year. There are significant regional variations in prosperity, with the Taīga-Kaidō Plain accounting for almost 60% of the entire national GDP, while some northern provinces like Teikai, Miyagi and Kitajima have per capita values much lower than the national average.

In the 19th century Tayichi was the first Borealian and non-Amnisian nation to industrialize. Tayichi emerged as one of the centers of the Second Industrial Revolution in the late 19th century, rapidly increasing Tayichi's economic power on the global scale - At the turn of the 20th century, Tayichi was the [ranking] largest economy in the world, many places ahead when compared to today, and remained the largest economy in Borealia in terms of nominal GDP until 1996. The cost of fighting the Great War, however, greatly weakened Tayichi's relative position. Despite a relative decline in global importance, in the 21st century Tayichi retains the ability to project significant power and influence around the world.