Economy of Velaheria

Economy of Velaheria

Flag of Velaheria
Currency	Wran (VW)
Fiscal year	1 March — 31 April
Trade organisations	None
Statistics
GDP	USD 80 billion (PPP, 2020)
GDP growth	2.7% (2020)
GDP per capita	USD 2,720 (PPP, 2020)
GDP by sector	Services: 30,7% Industry: 42,3% Agriculture: 18,0%
Inflation (CPI)	5.6%
Population below poverty line	N/A (2020)
Gini coefficient	0.30 (2020)
Labour force	18 million (2020)
Labour force by occupation	Services: 32,1% Industry: 40,9% Agriculture: 18,0%
Unemployment	5-7% (2020)
Main industries	List Automobile Manufacturing Energy Metallurgy Food processing Wood and furniture products Metal products Cement Construction equipment Light Machinery Mining Heavy machinery Rubber
External
Export goods	List Clothing Heavy Machinery Cement Construction Equipment Automobiles Textiles Foodstuffs Rubber Tobacco Wood products Minerals Iron and steel
Import goods	List Cars and car parts Machinery and equipment Petrochemicals Chemicals Plastics Foodstuffs Electronic equipment

Overview

Velaheria has maintained one of the most closed and centralized economies in the wurld since the 1940s. For several decades, it followed the Central pattern of five-year plans with the ultimate goal of achieving self-sufficiency.

Extensive communist support allowed Velaheria to rapidly register very high growth rates, However, this has also lead to systematic inefficiencies which are largely visible in the economic production and activities of velaheria.

The State expertises in the production of heavy machinery, metals and minerals which form the backbone of its economy, it also has its fair share of growth through agricultural activities which form a large part of its economy.

Services are a relatively moderate part of the nation, with the average services available being small scaled due to the centralization of policies and the ban on private ownership and existence of large scale private companies inside the nation, though several minor small private organization thrive inside the nation's largest cities, due to a general lack of oversight by the government on their activities.

Corruption

Corruption inside of Velaheria is widespread, this is mainly observed by the fact that even the simplest of actions such as getting a travel permit requires a minimum bribe of 20 VW (0.1$) which is supposedly meant to be free to all citizens, despite that it is also visible in all sections of society and the people have largely seemed to have accepted it, partially due to the lack of government's interest to act on such matters.