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{{Region icon Eurth}}
{{Infobox economy
{{Infobox economy
| country = Littland
| country = Littland
| image = [[File:Beursplein_5_(cropped_and_edited).jpg|225px|link=Kaslund Stock Exchange]]
| image = [[File:Hauptwache_Frankfurt_am_Main.jpg|285px|link=Kaslund]]
| image_size =
| caption = Innovation Square in [[Halling]]
| caption = Kaslund Stock Exchange
| currency = [[Littish daler]] (DAL, Đ)
| currency = [[Littish daler|Daler]]
| organs = [[Argis Economic Cooperation Organization|AECO]], {{wpl|World Trade Organization|WTO}}<br/><br/>{{wp|Developed country|Developed/Advanced}}<br/>{{wp|World Bank high-income economy|High-income economy}}
| year = Calendar year<br/><br/>{{wp|Developed country|Developed}} {{wp|World Bank high-income economy|high-income economy}}
| population = {{decrease}} 21,254,000 (2021)
| organs =
| gdp = {{increase}} 420.83 billion [[wikipedia:International dollar|{{Hover title|dotted=no|International Solidus|Int$}}]] (nominal, 2022)
| population = {{decrease}} 21,254,000 (2022)
| growth = 1.9% (2022)
| gdp = {{plainlist|
| per capita = {{increase}} 19,800 [[wikipedia:International dollar|{{Hover title|dotted=no|International Solidus|Int$}}]] (nominal, 2022)
*{{steady}} $438.09 billion (nominal, 2022)
}}
| growth = 0.4% (2018)
| per capita = {{plainlist|
*{{steady}} $19,800 (nominal, 2022)
}}
| sectors = {{plainlist|
| sectors = {{plainlist|
*{{wp|Primary sector of the economy|agriculture}}: 7%
*{{wp|Primary sector of the economy|agriculture}}: 2.7%
*{{wp|Secondary sector of the economy|industry}}: 28%
*{{wp|Secondary sector of the economy|industry}}: 37.5%
*{{wp|Tertiary sector of the economy|services}}: 65%
*{{wp|Tertiary sector of the economy|services}}: 59.8%
}}
}}
| inflation = 1.2% (2021)
| inflation = {{steady}} 3.6% (2022)
| poverty = {{decreasePositive}} 14.8% at risk of poverty or social exclusion
| poverty = {{decreasePositive}} 11.2% in poverty<br/>{{decreasePositive}} 17.2% at risk of poverty or social exclusion
| gini = {{increaseNegative}} 37.2 {{color|orange|medium}}
| gini = {{increaseNegative}} 39.6 {{color|orange|medium}}
| hdi = {{steady}} 0.768 {{color|green|high}}
| hdi = {{steady}} 0.768 {{color|green|high}}
| edbr =
| unemployment = {{plainlist|
| unemployment = {{plainlist|
*{{steady}} 7.9%  
*{{decreasePositive}} 4.9%  
*{{decreasePositive}} 9.6% youth unemployment (15 to 25 year-olds)
*{{decreasePositive}} 11.6% youth unemployment (15 to 25 year-olds)
}}
}}
| industries = construction, engineering, food and beverages, banking, chemicals, pharmaceuticals, mining, electronics, tourism
| industries = {{hlist|{{wpl|machine tools}}|{{wpl|Metal fabrication|fabricated metals}}|{{wpl|electronics}}|{{wpl|construction materials}}|{{wpl|coal|mining coal}}|{{wpl|food processing}}|{{wpl|engineering}}|{{wpl|chemical substance|chemicals}}|{{wpl|food}} and {{wpl|beverages}}}}
| exports = {{Increase}}$83.4 billion (2021)
| exports = {{increase}} 116.4 billion [[wikipedia:International dollar|{{Hover title|dotted=no|International Solidus|Int$}}]] (2022)
| export-goods = pharmaceuticals, meat and meat products, raw materials, foodstuffs, electronic products, consumer goods
| export-goods = {{hlist|TBD}}
| export-partners =  
| export-partners =  
| imports = {{Increase}}$72.9 billion (2021)
| imports = {{increaseNegative}} 88.3 billion [[wikipedia:International dollar|{{Hover title|dotted=no|International Solidus|Int$}}]] (2022)
| import-goods = vehicles, chemicals, petroleum and petroleum products, metals, machinery, textiles, military armaments
| import-goods = {{hlist|TBD}}
| import-partners =  
| import-partners =  
| current account = {{Increase}}$18,9 billion (2021)
| current account = {{increase}} 28.1 billion [[wikipedia:International dollar|{{Hover title|dotted=no|International Solidus|Int$}}]] (2022)
| FDI =
| debt = {{increaseNegative}} 58.11% of GDP (2022)
| debt = {{plainlist|
| credit = [[Foster & Ajax]]:<br/>AA (Domestic)<br/>A (Foreign)
*{{decreasePositive}} 68% of GDP (2021)
| reserves = $60.3 billion (2020)
}}
}}
| reserves = {{Increase}}$46.7 billion
The '''economy of Littland''' is a {{wpl|developed country|developed}} {{wpl|mixed economy|mixed}} {{wpl|social market economy}} based in manufacturing and services that provide a high standard of living and quality of life. The economy is largely based on the {{wpl|service sector}} with almost 60% of all jobs being in service, manufacturing still plays a large role in the economy at 37% while under 3% belong to agricultural production. Littland uses its own currency, the [[Littish daler]]. The inequality of the country has been increasing over the past three decades after a considerable [[1991 Littish economic crisis|economic crisis in the early 1990's]]. This has been attributed to economic policies favoring exports and a lack of investments into {{wpl|Small and medium-sized enterprises|small and medium sized businesses}} by the government.
| credit = A
 
}}
[[Kaslund]] is the financial capital of Littland. The capital of significant economic hub and it is the primary city for business accounting for almost 30% of the national income in 2020. The city is also a hub for startup companies. [[Halling]] is considered a {{wpl|List of technology centers|techonology center}} and the 'digital capital' of the country, with major tech companies such as [[NordSoft]], [[Noxu Game Studios]] and [[TeleMax]] located in the city. [[Aalhavn]] and [[Klintrup]] are the two largest coastal cities in the country, located on the [[Amber Lake]], and as such serve as major transporting hubs. The [[Port of Aalhavn]] processed 16.8 million tonnes cargo in 2016.
The '''economy of [[Littland]]''' is a highly developed social market economy. The most prominent stock exchange in Littland is [[Kaslund Stock Exchange]].
 
==History==
===Industrialization===
 
 
===Tailwind Era===
The years from 1954 to 1991 are called the Tailwind Years ({{wpl|Danish language|Littish}}: ''Medvindsårene'', {{wpl|Frisian language|Ruvian}}: ''Foarspoedtiid'').
 
===Economic Crisis===
{{Main|1991 Littish economic crisis}}
 
 
===Economy since 2010===
 
 
==Currency==
{{Main|Littish daler}}
The Littish currency is the [[Littish daler]], which is valued at 7.25 DAL to 1 [[wikipedia:International dollar|Int$]] (2021). Inflation has been fluctuating the past few decades, reaching its peak in 2003. The central bank, [[Littlands Nationalbank]], has since then begun to relax certain rules on currency controls although the currency is not widely used internationally.


==Labor market==
==Sectors==
The Littish labor market is characterized by high union membership and collective agreement coverage (overenskomst) which started in 1913 under prime minister Torsten Einarsen. There are several securities available to unemployed workers as well as initiatives to get people jobs during times of high unemployment. This has contributed to a degree of economic flexibility. A large proportion of the working age population is active on the labor market in some capacity, a recent development following almost 15 years of economic stagnation. The unemployment rate is currently stable at 7.9% while youth unemployment is at 9.6% and falling. Despite there not being a national minimum wage, the average minimum wage is about 18.2$.
===Manufacturing===
===Mining===
===Energy===
===Agriculture===
===Service industry===


==Infrastructure==
==Infrastructure==
[[File:Railway Network of Littland.png|left|thumb|250px|Railway Network of Littland]]
===Transport===
Littland has an extensive network of railways, highways and intercity public transport. This network, as part of previous government programs, makes Littland a very interconnected country with low travel times between major cities and economic centers. Littlands energy consumption is primarily fueled coal and fossil fuels with only around 18% of the countries energy production coming from renewables. The state-owned company Littlands Maintenance Company is responsible for the upkeep, maintenance and expansion of the countrys railways, highways and airports. Private companies are the primary users of the railway network and freight both cargo and passengers along the network. The infrastructure development has been rather lacking in the southern region of the country with expansion much more frequent in the northern regions and around the capital, [[Kaslund]].
Along with its extensive land infrastructure, Littland has 4 major international airports, the largest being [[Kaslund International Airport]]. The largest seaport in Littland is the [[Port of Aalhavn]] which had over 4,000,000 passengers pass through in 2019.  
===Aalhavn Port===
Being located on the Amber Lake the port of Aalhavn is the primary and largest port for international trade in Littland. Aside from trade, Aalhavn is also home to a majority of the Littish Navy. The port is the largest container port in Littland and is managed by [[Fergo Industries#Divisions|Fergo InterTrade]] since 1999 who employ 560 people in the primary port area. In 2021 Aalhavn Port processed over 63 million tons of freight, around 60% of which was passing through Littland.


==Major companies==
===Utilities===
[[File:Littland Exports 2021.png|right|thumb|450px|Littlands Main Exports 2021]]
 
===Largest companies===
 
{| class="wikitable sortable"
==Foreign trade==
Neighboring [[Malskia]] is Littlands largest trading partner.
 
{| class="wikitable sortable" style="text-align:right;"
|+Top trading partners for Littland (2021)
|-
! Rank !! Country !! Total trade<br/>(millions Int$)
|-
|1 || style="text-align:left;"| {{flagicon|AECO}}{{flag|Malskia}} || TBD
|-
|-
!Image
|2 || style="text-align:left;"| {{flagicon|AECO}}{{flag|Walneria}} || TBD
!Name
!Industry Sector
!Revenue<br/>(in $USD)
!Headquarters
!Founded
|-
|-
| [[File:Danfoss_Hauptgebäude_in_Nordborg.jpg|116px|link=Fergo Industries]]
|3 || style="text-align:left;"| [[File:Flag_of_Volhynia_.png|23px]] [[Volhynia]] || TBD
| [[Fergo Industries]]
|-
| Conglomerate
|4 || style="text-align:left;"| {{flagicon|AECO}}{{flag|Lusuviya}} || TBD
| align="center" | 28.3 billion
| [[Klinstrup]]
| 1937
|-
|-
| [[File:Saxo_Bank_HQ_building.jpg|116px|link=Rislev Foods]]
|5 || style="text-align:left;"| {{flagicon|AECO}}{{flag|Dazhdinia}} || TBD
| [[Rislev Foods]]
| Food & Beverages
| align="center" | 22.6 billion
| [[Kaslund]]
| 1987
|-
|-
| [[File:Kaslund Guldbrand Tower.jpg|116px|link=Guldbrand Group]]
!— || style="text-align:left;"| '''Others''' || '''87,527'''
| [[Guldbrand Group]]
| Retailing
| align="center" | 19.2 billion
| [[Kaslund]]
| 1971
|-
|-
!— || style="text-align:left;"| '''Total''' || '''204,736'''
|}
|}
===Notable Companies===
==Companies==
{| class="wikitable sortable"
{| class="wikitable sortable"
|-
|-
|+Largest companies
|-
!Image
!Name
!Name
!Industry Sector
!Industry Sector
!Revenue<br/>(in [[wikipedia:International dollar|{{Hover title|dotted=no|International Solidus|Int$}}]])
!Headquarters
!Headquarters
!Founded
!Founded
|-
|-
| [[Parsol]]
| [[File:Danfoss_Hauptgebäude_in_Nordborg.jpg|116px|link=Aulum Industries]]
| Pharmaceuticals
| [[Aulum Industries]]
| [[Kaslund]]
| Industrial Conglomerate
| 1948
| align="center" | TBD
|-
| [[Littland Banking]]
| Diversified Financials
| [[Kaslund]]
| 1924
|-
| [[Vagner Electronics]]
| Consumer Electronics
| [[Aalhavn]]
| 1982
|-
| [[Summarum]]
| Household Appliances
| [[Klinstrup]]
| [[Klinstrup]]
| 1964
| 1888
|-
|-
| [[NordSoft]]
| [[File:Saxo_Bank_HQ_building.jpg|116px|link=Guldbrand Group]]
| Software & Services
| [[Guldbrand Group]]
| [[Kaslund]]
| Retailing<br/>Consumer Staples
| 1979
| align="center" | TBD
|-
| [[Bravo Broadcasting]]
| Media & Entertainment
| [[Aalhavn]]
| 1993
|-
| [[Varsted Media]]
| Media
| [[Kaslund]]
| 1982
|-
| [[LittishAir]]
| Airline
| [[Kaslund]]
| [[Kaslund]]
| 1975
| 1952
|-
| [[Tele-S]]
| Telecommunication Services
| [[Tirslund]]
| 1986
|-
| [[Halling Insurance]]
| Insurance
| [[Halling]]
| 1957
|-
| [[Holst Premium]]
| Packaged Foods & Meats
| [[Frankerup]]
| 1948
|-
| [[Torcon]]
| Construction & Engineering
| [[Klinstrup]]
| 1946
|-
| [[Erhvervsbanken]]
| Capital Markets
| [[Kaslund]]
| 2001
|-
| [[Torslev Mining]]
| Metals & Mining
| [[Fangel]]
| 1936
|-
| [[Nocobot]]
| Technology Hardware & Equipment
| [[Klinstrup]]
| 1998
|-
| [[LMS]]
| Telecommunication Services
| [[Klinstrup]]
| 1986
|-
| [[Noxu Game Studios]]
| Software
| [[Halling]]
| 1992
|-
|-
|}
|}
{{Company-list table start}}
{{Company-list table entry | [[Bravo Broadcasting]] | Consumer services  | Broadcasting | [[Aalhavn]] | 1993 | Television and entertainment producer }}
{{Company-list table entry | [[Holst Premium]]      | Consumer goods    | Food products | [[Frankerup]] | 1922 | Renowned meat producer }}
{{Company-list table entry | [[Kollund Insurance]]  | Financials        | Insurance & Banking | [[Halling]] | 1901 | Private insurance, defunct 1991 | defunct=y }}
{{Company-list table entry | [[Lindenkrone]]        | Consumer goods    | Brewers | [[Kaslund]] | 1811 | Alcoholic drinks }}
{{Company-list table entry | [[Littish Airlines]]  | Consumer services  | Airlines | [[Kaslund]] | 1941 | State-owned national airlines | state=y }}
{{Company-list table entry | [[Littish Railways]]  | Consumer services  | Railroads | [[Kaslund]] | 1914 | State-operated railways | state=y }}
{{Company-list table entry | [[MicroMachine]]      | Technology        | Software | [[Halling]] | 2016 | Simulation software }}
{{Company-list table entry | [[Littish National Television Service|NFS]] | Media Services | Media | [[Kaslund]] | 1922 | Public service media | state=y }}
{{Company-list table entry | [[NordSoft]]          | Technology        | Software & Services | [[Rødskov]] | 1979 | Software developer }}
{{Company-list table entry | [[Noxu Game Studios]]  | Technology        | Software & Services | [[Halling]] | 1992 | Famous videogame developer }}
{{Company-list table entry | [[OPA Media]]          | Consumer services  | Publishing | [[Kaslund]] | 1982 | Newspaper and media conglomerate }}
{{Company-list table entry | [[Parsol]]            | Health care        | Pharmaceuticals | [[Kaslund]] | 1948 | Large pharmaceutical exporter}}
{{Company-list table entry | [[Summarum]]          | Consumer goods    | Consumer electronics | [[Klinstrup]] | 1929 | Manufacturer of household electronics }}
{{Company-list table entry | [[TeleMax]]            | Telecommunications | Mobile Telecommunications | [[Gistrup]] | 1972 | Telephone provider }}
{{Company-list table entry | [[Torcon]]            | Industrials        | Construction & Engineering | [[Klinstrup]] | 1930 | Award-winning construction company }}
{{Company-list table end}}


==References==
{{reflist}}
{{Template:Littland Navbox}}
{{Template:Littland Navbox}}
[[Category:Littland]]
{{Eurth}}

Latest revision as of 11:22, 26 December 2022

Economy of Littland
Hauptwache Frankfurt am Main.jpg
Innovation Square in Halling
CurrencyLittish daler (DAL, Đ)
Trade organisations
AECO, WTO

Developed/Advanced
High-income economy
Statistics
PopulationDecrease 21,254,000 (2021)
GDPIncrease 420.83 billion Int$ (nominal, 2022)
GDP growth
1.9% (2022)
GDP per capita
Increase 19,800 Int$ (nominal, 2022)
GDP by sector
Steady 3.6% (2022)
Population below poverty line
Positive decrease 11.2% in poverty
Positive decrease 17.2% at risk of poverty or social exclusion
Negative increase 39.6 medium
Steady 0.768 high
Unemployment
  • Positive decrease 4.9%
  • Positive decrease 11.6% youth unemployment (15 to 25 year-olds)
Main industries
External
ExportsIncrease 116.4 billion Int$ (2022)
Export goods
  • TBD
ImportsNegative increase 88.3 billion Int$ (2022)
Import goods
  • TBD
Increase 28.1 billion Int$ (2022)
Public finances
Negative increase 58.11% of GDP (2022)
Foster & Ajax:
AA (Domestic)
A (Foreign)
Foreign reserves
$60.3 billion (2020)

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

The economy of Littland is a developed mixed social market economy based in manufacturing and services that provide a high standard of living and quality of life. The economy is largely based on the service sector with almost 60% of all jobs being in service, manufacturing still plays a large role in the economy at 37% while under 3% belong to agricultural production. Littland uses its own currency, the Littish daler. The inequality of the country has been increasing over the past three decades after a considerable economic crisis in the early 1990's. This has been attributed to economic policies favoring exports and a lack of investments into small and medium sized businesses by the government.

Kaslund is the financial capital of Littland. The capital of significant economic hub and it is the primary city for business accounting for almost 30% of the national income in 2020. The city is also a hub for startup companies. Halling is considered a techonology center and the 'digital capital' of the country, with major tech companies such as NordSoft, Noxu Game Studios and TeleMax located in the city. Aalhavn and Klintrup are the two largest coastal cities in the country, located on the Amber Lake, and as such serve as major transporting hubs. The Port of Aalhavn processed 16.8 million tonnes cargo in 2016.

History

Industrialization

Tailwind Era

The years from 1954 to 1991 are called the Tailwind Years (Littish: Medvindsårene, Ruvian: Foarspoedtiid).

Economic Crisis

Main article: 1991 Littish economic crisis


Economy since 2010

Currency

Main article: Littish daler

The Littish currency is the Littish daler, which is valued at 7.25 DAL to 1 Int$ (2021). Inflation has been fluctuating the past few decades, reaching its peak in 2003. The central bank, Littlands Nationalbank, has since then begun to relax certain rules on currency controls although the currency is not widely used internationally.

Sectors

Manufacturing

Mining

Energy

Agriculture

Service industry

Infrastructure

Transport

Along with its extensive land infrastructure, Littland has 4 major international airports, the largest being Kaslund International Airport. The largest seaport in Littland is the Port of Aalhavn which had over 4,000,000 passengers pass through in 2019.

Utilities

Foreign trade

Neighboring Malskia is Littlands largest trading partner.

Top trading partners for Littland (2021)
Rank Country Total trade
(millions Int$)
1 Argis Economic Cooperation Organization Malskia TBD
2 Argis Economic Cooperation Organization Walneria TBD
3 Flag of Volhynia .png Volhynia TBD
4 Argis Economic Cooperation Organization Lusuviya TBD
5 Argis Economic Cooperation Organization Dazhdinia TBD
— Others 87,527
— Total 204,736

Companies

Largest companies
Image Name Industry Sector Revenue
(in Int$) 		Headquarters Founded
Danfoss Hauptgebäude in Nordborg.jpg Aulum Industries Industrial Conglomerate TBD Klinstrup 1888
Saxo Bank HQ building.jpg Guldbrand Group Retailing
Consumer Staples 		TBD Kaslund 1952
Notable companies
     Active      State-owned      Defunct
Name Industry Sector Headquarters Founded Notes
Bravo Broadcasting Consumer services Broadcasting Aalhavn 1993 Television and entertainment producer
Holst Premium Consumer goods Food products Frankerup 1922 Renowned meat producer
Kollund Insurance Financials Insurance & Banking Halling 1901 Private insurance, defunct 1991
Lindenkrone Consumer goods Brewers Kaslund 1811 Alcoholic drinks
Littish Airlines Consumer services Airlines Kaslund 1941 State-owned national airlines
Littish Railways Consumer services Railroads Kaslund 1914 State-operated railways
MicroMachine Technology Software Halling 2016 Simulation software
NFS Media Services Media Kaslund 1922 Public service media
NordSoft Technology Software & Services Rødskov 1979 Software developer
Noxu Game Studios Technology Software & Services Halling 1992 Famous videogame developer
OPA Media Consumer services Publishing Kaslund 1982 Newspaper and media conglomerate
Parsol Health care Pharmaceuticals Kaslund 1948 Large pharmaceutical exporter
Summarum Consumer goods Consumer electronics Klinstrup 1929 Manufacturer of household electronics
TeleMax Telecommunications Mobile Telecommunications Gistrup 1972 Telephone provider
Torcon Industrials Construction & Engineering Klinstrup 1930 Award-winning construction company


References

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