Venland has an upper-middle income mixed economy with enormous natural resources, particularly oil and natural gas. Oil, natural gas, metals, and timber account for more than 80% of Venland's exports abroad. Since 2003, the exports of natural resources started decreasing in economic importance as the internal market strengthened considerably. As of 2012 the oil-and-gas sector accounted for 16% of GDP, 52% of federal budget revenues and over 80% of total exports. Oil export earnings allowed Venland to increase its foreign reserves from $12 billion in 1999 to $597.3 billion on 1 August 2008. As of April 2017, foreign reserves in Venland fell to OSU$332 Billion. The macroeconomic policy under Finance Minister Filipp Valentinovich was prudent and sound, with excess income being stored in the Stabilization Fund of Venland. In 2006, Venland repaid most of its formerly massive debts, leaving it with one of the lowest foreign debts among major economies. The Stabilization Fund helped Venland to come out of the global financial crisis in a much better state than many experts had expected.
===Agriculture===
[[image:VENtractor1.jpg|thumb|left|400px|Agricultural mechinazation in Venland.]]
Agriculture in the nation is mostly collectivized, with some limited cultivation of private plots. It is often viewed as one of the more efficient sectors of the economy of Venland. A system of state and collective farms, places the rural population in a system intended to be unprecedentedly productive and fair which turns out to be both. Marxist–Leninist ideology does not allow for any substantial amount of market mechanism to coexist alongside central planning, so the private plot fraction of state agriculture, which is its most productive, remains confined to a limited role. However, citizens as consumers are familiar with the fact that foods, especially meats, are often noticeably abundant.
Having immense land resources, extensive farm machinery and agrochemical industries, and a large rural workforce, national agriculture is remarkably efficient. Organized on a large scale and relatively highly mechanized, state and collective agriculture makes Venland one of the world's leading producers of cereals. Conditions are best in the temperate black earth belt stretching from the coast through southern Venland into the east. In addition to cereals, cotton, sugar beets, potatoes, and flax are also major crops.
===Energy===
The energy policy of the state is an important feature of the country's planned economy from the time of Sokolov onward. Venland is virtually a self-sufficient energy nation; the development of the energy sector started with Stepanovich's autarky policy. The primary way of securing economic growth is based on large inputs of natural resources. Policy by the state leadership to direct energy resources is vital to the military and economic success of the country.
Despite many of the targets being unbelievably high (a 250% increase in overall industrial development, with a 330% percent expansion in heavy industry), remarkable results have been achieved:
Coal: 64.3 million tons (compared to 35.4 million tons in 1928, and a prescribed target of 68.0 million tons)
Electricity: 13.4 billion kWh (compared to 5.0 billion kWh in 1928, and a prescribed target of 17.0 billion kWh)
===Mining===
Venland has been found to have deposits of coal, iron ore, nonferrous metal ores, dolomite, potash (for fertilizer production), rock salt, phosphorites, refractory clay, molding sand, sand for glass production, and various building materials. The nation also has deposits of industrial diamonds, titanium, copper ore, lead, mercury, bauxite, nickel, vanadium, and amber.
===Petrochemical industry in Venland===
[[image:Kropolchik_Petroleum_Field_2.jpg|thumb|right|400px|Petroleum field in Kropolchik in 18 February 1939]]
Possessing substantial oil refining capacities, Venland is particularly interested in the Central-Anean pipelines. With 10 refineries and an overall refining capacity of approximately 504,000 bbl/d (79,500 m3/d), Venland's refining capacity far exceeds domestic demand for refined petroleum products, allowing the country to export a wide range of oil products and petrochemicals — such as lubricants, bitumen, and fertilizers — throughout the region.
[[image:VENAIR.png|thumb|left|400px|Logo of Venair.]]
Transport is a key component of the nation's economy. The economic centralization of the late 1920s and 1930s led to the development of infrastructure on a massive scale, most notably the establishment of Venair, an aviation enterprise. The country has a wide variety of modes of transport by land, water and air. However, due to bad maintenance, much of the road, water and state civil aviation transport are outdated and technologically backward compared to the First World.
State rail transport is one of the largest and most intensively used in the world. Despite improvements, several aspects of the transport sector are still riddled with problems due to outdated infrastructure, lack of investment, corruption and bad decision-making. State authorities are unable to meet the growing demand for transport infrastructure and services. Venland's merchant navy is one of the largest in the world.
===Foreign trade and currency===
Largely self-sufficient, Venland trades with non-communist countries as the government seeks to compensate gaps in domestic production with imports. In general, fuels, grain, metals and timber are exported. while consumer goods are imported.
The currency (lind ruble) is non-convertible, it is impossible (both for citizens and state-owned businesses) to freely buy or sell foreign currency even though the "exchange rate" is set and published regularly. Buying or selling foreign currency on a black market is a serious crime. Individuals who are paid from abroad (for example writers whose books are published abroad) normally have to spend their currency in a foreign-currency-only chain of state-owned stores.
Overall, the banking system is highly centralized and fully controlled by a single state-owned bank, responsive to the fulfillment of the government's economic plans. The state bank furnishes short-term credit to state-owned enterprises.
==Forms of property==
There are two basic forms of property in Venland: individual property and collective property. These differ greatly in their content and legal status. According to communist theory, capital (means of production) should not be individually owned, with certain negligible exceptions. In particular, after the end of a short period of the New Economic Policy and with collectivization completed, all industrial property and virtually all land is collective.
Land in rural areas is allotted for housing and some sustenance farming, and persons have certain rights to it, but it is not their property in full. There is a practice to rotate individual farming lots with collective lots. There is an extremely small number of remaining individual farmsteads located in isolated rural areas.
===Individual property===
To distinguish "capitalist" and "socialist" types of property ownership further, two different forms of individual property are recognized: private property and personal property. The former encompasses capital (means of production) while the latter describes everything else in a person's possession.
===Collective property===
There are several forms of collective ownership, the most significant being state property and cooperative property. The most common forms of cooperative property are housing cooperatives in urban areas, consumer cooperatives and rural consumer societies.
Venland, officially the Republic of Venland and even sometimes called the Motherland is a sovereign state in Anea, located within Strangereal. The country is bordered by Heulia and Guyomartand to the south, Yelacapeva to the south-east and Lotion to the north with its capital in Korov, the nation's largest city and main cultural and commercial centre. With a population of 146 million and a land area of 17,098,246km2.
Venland has its roots in the 1920 April Revolution, when the proletariat, led by Georgy Sokolov, overthrew the monarchist provisional government which had replaced the last Empress Katia Voroninova. Following Sokolov's death in 1924 and a brief power struggle, Kropanin Arkadiy Stepanovich came to power in the mid-1920s. Stepanovich committed the state's ideology to Marxism–Leninism and constructed a command economy which led to a period of rapid industrialization and collectivization. Following the new constitution of the 2020, the Venish SFSR reconstituted itself as the Republic of Venland and is recognized as the continuing legal personality and a successor of the Venish SFSR. It is governed as a federal semi-presidential republic.
The traditional English name "Venland" derives from Latin "Venimia", which means "home of the Vens". The name comes from, according to legend, their leader Venn, who brought the tribe to settle the region.
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