Economy of Velaheria: Difference between revisions
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Velaheria has maintained one of the most closed and centralized economies in the wurld since the 1940s. For several decades, it followed the Central pattern of five-year plans with the ultimate goal of achieving self-sufficiency. Extensive communist support allowed Velaheria to rapidly register very high growth rates, However, this has also lead to systematic inefficiencies which are largely visible in the economic production and activities of velaheria. | Velaheria has maintained one of the most closed and centralized economies in the wurld since the 1940s. For several decades, it followed the Central pattern of five-year plans with the ultimate goal of achieving self-sufficiency. Extensive communist support allowed Velaheria to rapidly register very high growth rates, However, this has also lead to systematic inefficiencies which are largely visible in the economic production and activities of velaheria. | ||
The State expertises in the production of heavy machinery, metals and minerals which form the backbone of its economy, it also has its fair share of growth through agricultural activities which form a large part of its economy. Services are a relatively moderate part of the nation, with the average services available being small scaled due to the centralization of policies and the ban on private ownership and existence of large scale private companies inside the nation, though several minor small private organization thrive inside the nation's largest cities, due to a general lack of oversight by the government on their activities. | |||
==Policies== | |||
Revision as of 03:11, 27 June 2021
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| Currency | Wran (VW) |
|---|---|
| 1 March — 31 April | |
Trade organisations | None |
| Statistics | |
| GDP | USD 80 billion (PPP, 2020) |
GDP growth | 2.7% (2020) |
GDP per capita | USD 2,720 (PPP, 2020) |
GDP by sector | Services: 30,7% Industry: 42,3% Agriculture: 18,0% |
| 5.6% | |
Population below poverty line | N/A (2020) |
| 0.30 (2020) | |
Labour force | 18 million (2020) |
Labour force by occupation | Services: 42,1% Industry: 30,9% Agriculture: 18,0% |
| Unemployment | 5-7% (2020) |
Main industries | List
|
| External | |
Export goods | List
|
Import goods | List
|
Velaheria has maintained one of the most closed and centralized economies in the wurld since the 1940s. For several decades, it followed the Central pattern of five-year plans with the ultimate goal of achieving self-sufficiency. Extensive communist support allowed Velaheria to rapidly register very high growth rates, However, this has also lead to systematic inefficiencies which are largely visible in the economic production and activities of velaheria.
The State expertises in the production of heavy machinery, metals and minerals which form the backbone of its economy, it also has its fair share of growth through agricultural activities which form a large part of its economy. Services are a relatively moderate part of the nation, with the average services available being small scaled due to the centralization of policies and the ban on private ownership and existence of large scale private companies inside the nation, though several minor small private organization thrive inside the nation's largest cities, due to a general lack of oversight by the government on their activities.