Economy of Tayichi

Economy of Tayichi

Skyline of Shibuya in Shuto, Tayichi's primary economic hub
Currency	Tayichian Kin (TKN)
Fixed exchange rates	No
Fiscal year	1 April - 31 March
Trade organisations	AMA
Statistics
GDP	$3.231 trillion
GDP rank	?TBD
GDP growth	2.1% (2010-21 avg.) 1.6% (2024) 1.3% (2025f) 1.5% (2026f)
GDP per capita	$48,303
GDP per capita rank	?TBD
GDP by sector	Agriculture: 0.7% Industry: 26.1% Services: 73.2% (2023)
GDP by component	Private consumption: Government consumption: Gross capital formation: Exports of goods and services: Imports of goods and services: Net exports: (2023)
Inflation (CPI)	0.9% (2024)
Base borrowing rate	4.75% (May 2024)
Population below poverty line	16.1% at risk of poverty or social exclusion
Gini coefficient	35.4 (2023)
Human Development Index	0.940
Labour force	32,652,797
Labour force by occupation	Agriculture: 1.3% Industry: 22.5% Services: 76.0%
Unemployment	5.0% (2023)
Average gross salary	$4,125
Average net salary	$2,654
Main industries	High technology, motor vehicles, electronics, machine tools, ships, defence, chemicals, biotechnology, pharmaceutical, consumer products
Ease-of-doing-business rank	?TBD
External
Exports	$1.011 trillion
Main export partners	Borealia ?TBD% Amnis: ?TBD% Others: ?TBD%
Imports	$1.08 trillion
Main import partners	Borealia ?TBD Amnis: ?TBD Others: ?TBD
FDI stock	Inward: $1.682 trillion Outward: $1.566 trillion
Current account	-$88.5 billion (-2.7% of GDP)
Gross external debt	$5.342 trillion (2024)
Public finances
Public debt	$2.520 (2024) 78.0% of GDP
Budget balance	?TBD% of GDP
Revenues	?TBD% of GDP (2023)
Expenses	?TBD% of GDP (2023)
Credit rating	Standard & Poor's: AA+ (Domestic) AA+ (Foreign) AAA (T&C Assessment) Outlook: Stable Moody's: Aa2 Outlook: Stable Fitch: AA+ Outlook: Stable Scope: AA Outlook: Stable
Foreign reserves	$288 billion, Imperial Bank = $36 billion
All values, unless otherwise stated, are in US dollars.

The economy of Tayichi is a highly developed social market economy. It is the [ranking] largest national economy in the world measured by nominal gross domestic product (GDP), [ranking] by purchasing power parity (PPP) and [ranking] by nominal GDP per capita. Tayichi constitutes of ?TBD% of world GDP.

The service sectors dominates the Tayichian economy, contributing over 73% of GDP, with financial services industry of particular importance due to Shuto's position as the [ranking] largest financial center in the world. Its technology sector is one of the most highly valued, surpassing $900 billion last year. There are significant regional variations in prosperity, with the Taīga-Kaidō Plain accounting for almost 60% of the entire national GDP, while some northern provinces like Teikai, Miyagi and Kitajima have per capita values much lower than the national average.

In the 19th century Tayichi was the first Borealian and non-Amnisian nation to industrialize. Tayichi emerged as one of the centers of the Second Industrial Revolution in the late 19th century, rapidly increasing Tayichi's economic power on the global scale - At the turn of the 20th century, Tayichi was the [ranking] largest economy in the world, many places ahead when compared to today, and remained the largest economy in Borealia in terms of nominal GDP until 1996. The cost of fighting the Great War, however, greatly weakened Tayichi's relative position. Despite a relative decline in global importance, in the 21st century Tayichi retains the ability to project significant power and influence around the world.