Economy of Timeria: Difference between revisions
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|sectors = agriculture: 6%; industry: 30%; service: 64% (2068 est.) | |sectors = agriculture: 6%; industry: 30%; service: 64% (2068 est.) | ||
|inflation = 1.68% | |inflation = 1.68% | ||
|poverty = | |poverty = 8% | ||
|gini = | |gini = | ||
|labor = | |labor = | ||
Revision as of 16:11, 19 August 2021
 Mai, the finacial center of North Timeria | |
| Currency | Timerian Bean |
|---|---|
| February 20th - February 21th | |
| Statistics | |
GDP growth | 5.8% |
GDP by sector | agriculture: 6%; industry: 30%; service: 64% (2068 est.) |
| 1.68% | |
Population below poverty line | 8% |
| Unemployment | 3.2% (August 2012) |
Main industries | Highly diversified, world leading, high-technology innovator Arms, chemicals, crude oil production, pertoluem refining, machinery, Aerospace, machine tools, Fish processing, manufacturing, vehicles, electronics, furniture |
| External | |
Export goods | electronics, vehicles, foodstuffs |
Import goods | foodstuffs, consumer goods, rare earth elements, motor vehicles, textiles |
All values, unless otherwise stated, are in US dollars. | |
The Kingdom of Timeria is a capitalist economy with private industry under government regulation. The Timerian Bean is backed by its science and technology, its military, and the full faith of the Timerian government to reimburse its debts. Timeria is one of the world's largest economies and has maintained a stable GDP growth. Under President Raso Timeria has seen record economic growth. Timeria ranks among the top innovative countries.
The Mai Stock Exchange is Timeria's largest stock exchange and trades stock from some 4,000 companies. Timeria is also home to some of the world's largest companies, including but not limited to: Kambee, Dragon Manufacturing Co., Tiger, and Timerian-Assana Oil Company. The Bean is the currency of Timeria and its territories.
Many of the oil reserves in the Albarine Sea are drilled by Timerian companies and refined in Timeria. Most of Timeria's raw resources are extracted in the west or imported. The manufacturing industry is very advanced and is one of the largest contributors to the Timerian economy. The Rynx Coast Region is one of the leading technology centers; home to San Loma, one of the highest concentrations of tech companies.
Business Culture
A central feature of the Timerian economy is the economic freedom afforded to the private sector to make the majority of economic decisions. Private industry is regulated and policed by the government which is a bit involved in the companies morality and ethics code. Timeria is also home to over 9 million small businesses.
Timeria is rich in natural resources which are exploited within the constraints set by the Environmental Protection Agency. The country is also abundant in fertile farm soil and a tropical climate.
The number of workers and their productivity help determine the health of the Timerian economy. North Timeria has mostly been open to immigrants throughout its history and this has contributed to the growth and diversity of the Timerian economy.