Economy of Littland: Difference between revisions

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| image_size =  
| image_size =  
| caption = Kaslund Stock Exchange
| caption = Kaslund Stock Exchange
| currency = [[Littish daler|Daler]]
| currency = [[Littish daler]] (DAL)
| year = Calendar year<br/><br/>{{wp|Developed country|Developed}} {{wp|World Bank high-income economy|high-income economy}}
| year = Calendar year
| organs =
| organs = <br/><br/>{{wp|Developed country|Developed/Advanced}}<br/>{{wp|World Bank high-income economy|High-income economy}}
| population = {{decrease}} 21,254,000 (2022)
| population = {{decrease}} 21,254,000 (2022)
| gdp = {{plainlist|
| gdp = {{plainlist|
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*{{decreasePositive}} 68% of GDP (2021)
*{{decreasePositive}} 68% of GDP (2021)
}}
}}
| reserves = {{Increase}}$46.7 billion
| credit = A ([[Foster & Ajax]])
| credit = A
}}
}}
The '''economy of [[Littland]]''' is a highly developed social market economy. The most prominent stock exchange in Littland is [[Kaslund Stock Exchange]].
The '''economy of [[Littland]]''' is a highly developed social market economy. The most prominent stock exchange in Littland is [[Kaslund Stock Exchange]].

Revision as of 12:56, 15 August 2022

Economy of Littland
Beursplein 5 (cropped and edited).jpg
Kaslund Stock Exchange
CurrencyLittish daler (DAL)
Calendar year
Trade organisations


Developed/Advanced
High-income economy
Statistics
PopulationDecrease 21,254,000 (2022)
GDP
  • Steady $438.09 billion (nominal, 2022)
GDP growth
0.4% (2018)
GDP per capita
  • Steady $19,800 (nominal, 2022)
GDP by sector
1.2% (2021)
Population below poverty line
Positive decrease 14.8% at risk of poverty or social exclusion
Negative increase 37.2 medium
Steady 0.768 high
Unemployment
  • Steady 7.9%
  • Positive decrease 9.6% youth unemployment (15 to 25 year-olds)
Main industries
construction, engineering, food and beverages, banking, chemicals, pharmaceuticals, mining, electronics, tourism
External
ExportsIncrease$83.4 billion (2021)
Export goods
pharmaceuticals, meat and meat products, raw materials, foodstuffs, electronic products, consumer goods
ImportsIncrease$72.9 billion (2021)
Import goods
vehicles, chemicals, petroleum and petroleum products, metals, machinery, textiles, military armaments
Increase$18,9 billion (2021)
Public finances
  • Positive decrease 68% of GDP (2021)
A (Foster & Ajax)

All values, unless otherwise stated, are in US dollars.

The economy of Littland is a highly developed social market economy. The most prominent stock exchange in Littland is Kaslund Stock Exchange.

Labor market

The Littish labor market is characterized by high union membership and collective agreement coverage (overenskomst) which started in 1913 under prime minister Torsten Einarsen. There are several securities available to unemployed workers as well as initiatives to get people jobs during times of high unemployment. This has contributed to a degree of economic flexibility. A large proportion of the working age population is active on the labor market in some capacity, a recent development following almost 15 years of economic stagnation. The unemployment rate is currently stable at 7.9% while youth unemployment is at 9.6% and falling. Despite there not being a national minimum wage, the average minimum wage is about 18.2$.

Infrastructure

Railway Network of Littland

Littland has an extensive network of railways, highways and intercity public transport. This network, as part of previous government programs, makes Littland a very interconnected country with low travel times between major cities and economic centers. Littlands energy consumption is primarily fueled coal and fossil fuels with only around 18% of the countries energy production coming from renewables. The state-owned company Littlands Maintenance Company is responsible for the upkeep, maintenance and expansion of the countrys railways, highways and airports. Private companies are the primary users of the railway network and freight both cargo and passengers along the network. The infrastructure development has been rather lacking in the southern region of the country with expansion much more frequent in the northern regions and around the capital, Kaslund.

Aalhavn Port

Being located on the Amber Lake the port of Aalhavn is the primary and largest port for international trade in Littland. Aside from trade, Aalhavn is also home to a majority of the Littish Navy. The port is the largest container port in Littland and is managed by Fergo InterTrade since 1999 who employ 560 people in the primary port area. In 2021 Aalhavn Port processed over 63 million tons of freight, around 60% of which was passing through Littland.

Major companies

Littlands Main Exports 2021

Largest companies

Image Name Industry Sector Revenue
(in Đ) 		Headquarters Founded
Danfoss Hauptgebäude in Nordborg.jpg Fergo Industries Industrial Conglomerate 133.29 billion Klinstrup 1937
Saxo Bank HQ building.jpg Rislev Foods Food & Beverages billion Kaslund 1987
Kaslund Guldbrand Tower.jpg Guldbrand Group Retailing billion Kaslund 1971
Parsol HQ Kaslund.jpeg Parsol Pharmaceuticals billion Kaslund 1948

Notable Companies

Name Industry Sector Headquarters Founded
Summarum Household Durables Klinstrup 1964
NordSoft Software & Services Kaslund 1979
Bravo Broadcasting Media & Entertainment Aalhavn 1993
OPA Media Media Kaslund 1982
Holst Premium Packaged Foods & Meats Frankerup 1948
Torcon Construction & Engineering Klinstrup 1946
LMS Telecommunication Services Gistrup 1978
Noxu Game Studios Software Halling 1992
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