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== Economy == | == Economy == | ||
Eldmark has a {{wp|social market economy}}, the 20th largest nominal GDP (€745 billion), the 20th largest by purchasing power parity (€1.12 trillion), and the 4th largest economy in Asteria Superior. Benefiting from considerably rich natural resources, an educated population, and an diverse industrial and export-oriented agricultural base, the economy of Eldmark has seen its domestic production increase by 32.3% over the last decade. Agribusiness (agriculture and cattle-raising), which grew by 40% or 3.6% per year, remains the most dynamic sector. It maintains a "high" rating on the Human Development Index, but also has a medium GINI Coefficient, at 41.2. Economic inequality has become a problem, although it has been steadily | Eldmark has a {{wp|social market economy}}, the 20th largest nominal GDP (€745 billion), the 20th largest by purchasing power parity (€1.12 trillion), and the 4th largest economy in Asteria Superior. Benefiting from considerably rich natural resources, an educated population, and an diverse industrial and export-oriented agricultural base, the economy of Eldmark has seen its domestic production increase by 32.3% over the last decade. Agribusiness (agriculture and cattle-raising), which grew by 40% or 3.6% per year, remains the most dynamic sector. It maintains a "high" rating on the Human Development Index, but also has a medium GINI Coefficient, at 41.2. Economic inequality has become a problem, although it has been steadily decreasing over the last decade. The average income in a typical urbanized area of Eldmark was, according to a report by the OAN, €44,290, while the average income in rural areas mere kilometers away was only €17,700. Hourly minimum wages are nationally set at K22.50 (€4.18). As a mixed market economy, the Government of Eldmark has stakes or holds outright ownership of some economic sectors, such as passenger rail, healthcare, and some heavy manufacturing. | ||
=== Tourism === | === Tourism === | ||
Revision as of 05:35, 30 November 2023
Economy
Eldmark has a social market economy, the 20th largest nominal GDP (€745 billion), the 20th largest by purchasing power parity (€1.12 trillion), and the 4th largest economy in Asteria Superior. Benefiting from considerably rich natural resources, an educated population, and an diverse industrial and export-oriented agricultural base, the economy of Eldmark has seen its domestic production increase by 32.3% over the last decade. Agribusiness (agriculture and cattle-raising), which grew by 40% or 3.6% per year, remains the most dynamic sector. It maintains a "high" rating on the Human Development Index, but also has a medium GINI Coefficient, at 41.2. Economic inequality has become a problem, although it has been steadily decreasing over the last decade. The average income in a typical urbanized area of Eldmark was, according to a report by the OAN, €44,290, while the average income in rural areas mere kilometers away was only €17,700. Hourly minimum wages are nationally set at K22.50 (€4.18). As a mixed market economy, the Government of Eldmark has stakes or holds outright ownership of some economic sectors, such as passenger rail, healthcare, and some heavy manufacturing.