Economy of Kva Norale: Difference between revisions
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Kva Norale | The Economy of [[Kva Norale (Amador)|Kva Norale]] is among the strongest in the Badlands, owing to high standards of living and a stable wealth-gap divide being minimal. Extensive trade agreements and an entropot-designed economy have given the imperial province extensive wealth. The Gross Domestic Product is estimated to be around $9.187 Trillion with a GDP per capita of $81,394. Kva Norale maintains one of the highest per capita incomes in the region, while its compounded annual growth rate averages 3.1%. As with over territories of the Imperium, the Aereus is the official currency, though due to its location in the Badlands, it does except regional currencies. | ||
The economy is classified as a social market economy with a highly skilled labor force, low levels of corruption, and a high level of tertirary innovation. Its classification as an imperial province has given Kva Norale extensive backing from the mainland economy in [[Gholgoth]]. Tertiary education services have been given priority, leading to great levels of economic development through innovative standards. [[Amadorie Airs]], the largest civilian airship and logistics company in the [[Tiami|Imperium]], operates a branch in Kva Norale designed to conduct safe and quick transportation of product between the far-flung province and the mother country. Several other sea-borne services work together to provide a necessary lifeline for Kva Norale. | The economy is classified as a social market economy with a highly skilled labor force, low levels of corruption, and a high level of tertirary innovation. Its classification as an imperial province has given Kva Norale extensive backing from the mainland economy in [[Gholgoth]]. Tertiary education services have been given priority, leading to great levels of economic development through innovative standards. [[Amadorie Airs]], the largest civilian airship and logistics company in the [[Tiami|Imperium]], operates a branch in Kva Norale designed to conduct safe and quick transportation of product between the far-flung province and the mother country. Several other sea-borne services work together to provide a necessary lifeline for Kva Norale. | ||
Revision as of 22:43, 16 September 2024
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 Grand Azura, the financial capital of Amador | |
| Currency | Imperial Aureus (₳) |
|---|---|
| September 1 - August 31 | |
| Statistics | |
| Population |  113,758,000 |
| GDP | ₳$9,187,277,238,113 |
GDP growth |
|
GDP per capita | ₳$81,394.53 |
GDP by sector | agriculture: 0.9% industry: 18.9% services: 80.2% (2034 est.) |
| 2.2% (2032) 2.1% (2033) 1.9% (2034) | |
Population below poverty line |  2.3%  4.5% at risk of poverty |
| 0.12 low | |
| 0.921 very high (2030) 0.921 high IHDI (2028) | |
Labour force | |
Labour force by occupation | agriculture: 2.9% industry: 41.1%% services: 66.0% (2034) |
| Unemployment | 2.3 |
Average gross salary | $8,293 monthly |
| $7,028 monthly | |
Main industries | |
| External | |
| Exports | $1.2 trillion (2032) |
Export goods | Agricultural Products (9.8%) Manufacturing (80.2%) Other (9.0%) |
Main export partners | Seclya, Marquesan, Arakhkhar, Argyrea, Eusan Federation |
| Imports | €1.3 trillion (2032) |
Main import partners | Seclya, Marquesan, Arakhkhar, Argyrea, Eusan Federation |
Gross external debt | $2,384,194,943 |
| Public finances | |
| $2.62 trillion 33.8% of GDP (2024) | |
| 5.3 % of GDP | |
| Expenses | $1.081 trillion 40.2% of GDP (2024) |
Foreign reserves | $782.2 brillion |
The Economy of Kva Norale is among the strongest in the Badlands, owing to high standards of living and a stable wealth-gap divide being minimal. Extensive trade agreements and an entropot-designed economy have given the imperial province extensive wealth. The Gross Domestic Product is estimated to be around $9.187 Trillion with a GDP per capita of $81,394. Kva Norale maintains one of the highest per capita incomes in the region, while its compounded annual growth rate averages 3.1%. As with over territories of the Imperium, the Aereus is the official currency, though due to its location in the Badlands, it does except regional currencies.
The economy is classified as a social market economy with a highly skilled labor force, low levels of corruption, and a high level of tertirary innovation. Its classification as an imperial province has given Kva Norale extensive backing from the mainland economy in Gholgoth. Tertiary education services have been given priority, leading to great levels of economic development through innovative standards. Amadorie Airs, the largest civilian airship and logistics company in the Imperium, operates a branch in Kva Norale designed to conduct safe and quick transportation of product between the far-flung province and the mother country. Several other sea-borne services work together to provide a necessary lifeline for Kva Norale.
Kva Norale specializes in entrepôt trading, where it imports raw products and refines them, only to export finished goods to the international market. Despite this, Kva Norale also operates Nolinski Chips, the largest semi-conductor production facility in Amador as a whole. Notable trade partners are Arakhkhar, Holy Marsh, the Eusan Federation, and Argyrea.
Noralians have one of the highest average household and eomployee incomes in the Badlands, as well as a high median household income. Wealth is relatively spread out, though income inequality has risen in the last decade. Because of government policies and the general well-being of the populace, poverty rates are low at 3.9% in 2032, though this increased to 7.4% in 2034 following the census of the recently annexed Laefold Islands. Kva Norale has a large welfare state backed by substantial government support, while also guaranteeing workers paid vacated and paternity leave for new fathers and mothers.
Substantive investments in varying different industries have give Kva Norale's economy more stability, while also growing its influence well beyond its borders. In recent decades, Kva Norale has become a popular place of business for high-tech jobs. The service industry is the primary industry of the province.
Grand Azura and Samara serve as the primary financial areas of the province, with Grand Azura in particular being a regional hub for fintech and a primary financial center in the Badlands. Banking, life sciences, pharmaceuticals, and healthcare are primary sectors of economic growth and development in the city.