Economy of Littland

Economy of Littland

Innovation Square in Halling
Currency	Littish daler (DAL, Đ)
Trade organisations	AECO, WTO Developed/Advanced High-income economy
Statistics
Population	21,254,000 (2021)
GDP	420.83 billion Int$ (nominal, 2022)
GDP growth	1.9% (2022)
GDP per capita	19,800 Int$ (nominal, 2022)
GDP by sector	agriculture: 2.7% industry: 37.5% services: 59.8%
Inflation (CPI)	3.6% (2022)
Population below poverty line	11.2% in poverty 17.2% at risk of poverty or social exclusion
Gini coefficient	39.6 medium
Human Development Index	0.768 high
Unemployment	4.9% 11.6% youth unemployment (15 to 25 year-olds)
Main industries	machine tools fabricated metals electronics construction materials mining coal food processing engineering chemicals food and beverages
External
Exports	116.4 billion Int$ (2022)
Export goods	TBD
Imports	88.3 billion Int$ (2022)
Import goods	TBD
Current account	28.1 billion Int$ (2022)
Public finances
Public debt	58.11% of GDP (2022)
Credit rating	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

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

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.

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.

Foreign trade

Neighboring Malskia is Littlands largest trading partner.

Top trading partners for Littland (2021)

Rank	Country	Total trade (millions Int$)
1	Malskia	TBD
2	Walneria	TBD
3	Volhynia	TBD
4	Lusuviya	TBD
5	Dazhdinia	TBD
—	Others	87,527
—	Total	204,736

Companies

Largest companies

Image	Name	Industry Sector	Revenue (in Int$)	Headquarters	Founded
	Aulum Industries	Industrial Conglomerate	TBD	Klinstrup	1888
	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