Economy of Kva Norale

Revision as of 22:39, 16 September 2024 by Tiami (talk | contribs) (Created page with "{{WIP}} Category:Tiami {{Infobox economy | country = Kva Norale | image = GrandAzura5.jpg | image_size = 250px | caption = Grand Azura, the financial capital of Amador | currency = Imperial Aureus (₳) | year = September 1 - August 31 | organs = | group = {{wp|Developed country|Developed/Advanced}}<br>{{wp|High-income country}} | population = {{Increase}} 113,758,000 | gdp = {{Increase}} ₳$9,187,277,238,113 | gdp rank = |...")
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigation Jump to search
Economy of Kva Norale
GrandAzura5.jpg
Grand Azura, the financial capital of Amador
CurrencyImperial Aureus (₳)
September 1 - August 31
Statistics
PopulationIncrease 113,758,000
GDPIncrease ₳$9,187,277,238,113
GDP growth
  • 2.8%
GDP per capita
₳$81,394.53
GDP by sector
agriculture: 0.9%
industry: 18.9%
services: 80.2%
(2024 est.)
2.2% (2032)
2.1% (2033)
1.9% (2034)
Population below poverty line
Decrease 2.3%
Steady 4.5% at risk of poverty
Decrease 0.12 low
Increase 0.981 very high (2030)
Increase 0.921 high IHDI (2028)
Labour force
Increase
Labour force by occupation
agriculture: 2.9%
industry: 41.1%%
services: 66.0%
(2034)
UnemploymentIncrease 2.3
Average gross salary
$8,293 monthly
$7,028 monthly
Main industries
External
ExportsIncrease $1.2 trillion (2032)
Export goods
Agricultural Products (9.8%) Manufacturing (80.2%) Other (9.0%)
Main export partners
Seclya, Marquesan, Arakhkhar, Argyrea, Eusan Federation
ImportsIncrease €1.3 trillion (2032)
Main import partners
Seclya, Marquesan, Arakhkhar, Argyrea, Eusan Federation
Increase $2,384,194,943
Public finances
Decrease $2.62 trillion 33.8% of GDP (2024)
5.3 % of GDP
Expenses$1.081 trillion 40.2% of GDP (2024)
Foreign reserves
$782.2 brillion

Kva Norale's economy is among the strongest in the Badlands, owing to high standards of living and a stable wealth-gap divide being minimal. Extensive trade agreements and an entropot-designed economy have given the imperial province extensive wealth. The Gross Domestic Product is estimated to be around $9.187 Trillion with a GDP per capita of $81,394. Kva Norale maintains one of the highest per capita incomes in the region, while its compounded annual growth rate averages 3.1%. As with over territories of the Imperium, the Aereus is the official currency, though due to its location in the Badlands, it does except regional currencies.

The economy is classified as a social market economy with a highly skilled labor force, low levels of corruption, and a high level of tertirary innovation. Its classification as an imperial province has given Kva Norale extensive backing from the mainland economy in Gholgoth. Tertiary education services have been given priority, leading to great levels of economic development through innovative standards. Amadorie Airs, the largest civilian airship and logistics company in the Imperium, operates a branch in Kva Norale designed to conduct safe and quick transportation of product between the far-flung province and the mother country. Several other sea-borne services work together to provide a necessary lifeline for Kva Norale.

Kva Norale specializes in entrepôt trading, where it imports raw products and refines them, only to export finished goods to the international market. Despite this, Kva Norale also operates Nolinski Chips, the largest semi-conductor production facility in Amador as a whole. Notable trade partners are Arakhkhar, Holy Marsh, the Eusan Federation, and Argyrea.

Noralians have one of the highest average household and eomployee incomes in the Badlands, as well as a high median household income. Wealth is relatively spread out, though income inequality has risen in the last decade. Because of government policies and the general well-being of the populace, poverty rates are low at 3.9% in 2032, though this increased to 7.4% in 2034 following the census of the recently annexed Laefold Islands. Kva Norale has a large welfare state backed by substantial government support, while also guaranteeing workers paid vacated and paternity leave for new fathers and mothers.

Substantive investments in varying different industries have give Kva Norale's economy more stability, while also growing its influence well beyond its borders. In recent decades, Kva Norale has become a popular place of business for high-tech jobs. The service industry is the primary industry of the province.

Grand Azura and Samara serve as the primary financial areas of the province, with Grand Azura in particular being a regional hub for fintech and a primary financial center in the Badlands. Banking, life sciences, pharmaceuticals, and healthcare are primary sectors of economic growth and development in the city.

History

GDP

Employment

Notable Companies

International Trade