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Arthasthan is categorised as a rapidly growing lower-middle income {{wp|developing economy}} with a {{wp|Gross domestic product|nominal GDP}} of $270.45 billion and a {{wp|Purchasing power parity|GDP PPP}} of $865.12 billion. As a {{wp|socialist state}}, Arthasthan's economic system resembles {{wp|market socialism}}, with high degrees of {{wp|State ownership|state ownership}} and {{wp|workers' self-management}} with some foreign direct investment and private ownership based upon a {{wp|Market economy|market system}}. The long-term goal of the Arthani economy as enshrined in the constitution is economic development within a socialist framework to eventually establish a true socialist economy. | Arthasthan is categorised as a rapidly growing lower-middle income {{wp|developing economy}} with a {{wp|Gross domestic product|nominal GDP}} of $270.45 billion and a {{wp|Purchasing power parity|GDP PPP}} of $865.12 billion. As a {{wp|socialist state}}, Arthasthan's economic system resembles {{wp|market socialism}}, with high degrees of {{wp|State ownership|state ownership}} and {{wp|workers' self-management}} with some foreign direct investment and private ownership based upon a {{wp|Market economy|market system}}. The long-term goal of the Arthani economy as enshrined in the constitution is economic development within a socialist framework to eventually establish a true socialist economy. | ||
Arthansthan's economy is dependent on {{wp|subsistence agriculture}} and {{wp|mining}} of mineral resources and fossil fuels. Arthasthan has a small but growing manufacturing center based around [[Nadipatnam]], that produces {{wp|Textile|textiles}}, {{wp|food}}, and {{wp|consumer electronics}}. Despite its development level, Arthasthan maintains a complex river and canal system that the country uses for agriculture and transportation. | Arthansthan's economy is dependent on {{wp|subsistence agriculture}}, {{wp|fishing}}, and {{wp|mining}} of mineral resources and fossil fuels. Arthasthan has a small but growing manufacturing center based around [[Nadipatnam]], that produces {{wp|Textile|textiles}}, {{wp|food}}, and {{wp|consumer electronics}}. Despite its development level, Arthasthan maintains a complex river and canal system that the country uses for agriculture and transportation. | ||
Despite rapid growth, Arthasthan remains one of the poorest countries in [[Satria]]. Foreign investors are largely dissuaded from investing because of the country's economic protectionism and its convoluted governmental structure particularly on the regional level and below. The country has a {{wp|Human Development Index}} of 0.620 indicating medium development and a {{wp|Gini coefficient}} of 31.237 indicating moderate income inequality. Thus the economy receives development aid from the [[Association for International Socialism]], the [[Council for Mutual Development]], and the [[Bashurat Cooperation Organization]]. | Despite rapid growth, Arthasthan remains one of the poorest countries in [[Satria]]. To counter this government implements {{wp|Equity (economics)|equitable}} economic policies, designed to improve living standards and reduce inequality. Foreign investors are largely dissuaded from investing because of the country's economic protectionism and its convoluted governmental structure particularly on the regional level and below. The country has a {{wp|Human Development Index}} of 0.620 indicating medium development and a {{wp|Gini coefficient}} of 31.237 indicating moderate income inequality. Thus the economy receives development aid from the [[Association for International Socialism]], the [[Council for Mutual Development]], and the [[Bashurat Cooperation Organization]]. | ||
===Agriculture=== | ===Agriculture=== | ||
[[File:Nyaung Shwe, arroz 1.jpg|225px|right|thumb|Farmers harvest rice fron a paddy in the Samundrese SS.]] | [[File:Nyaung Shwe, arroz 1.jpg|225px|right|thumb|Farmers harvest rice fron a paddy in the Samundrese SS.]] | ||
The Arthani economy overwhelmingly relies on {{wp|subsistence agriculture}}, which largely consists of {{wp|rice}} farming by {{wp|agricultural cooperative|agricultural cooperatives}}. Cooperatives either use the wet-field paddy system, practiced primarily in plains and valleys, or the {{wp|slash-and-burn}} cultivation system, practiced primarily in hillier terrain. Over 75% of agricultural land in the country is used for rice, with the remainder used for various goods such as sweet potatoes, corn, coffee, sugarcane, tobacco, and cotton. The majority of these farms are privately owned that practice some form of {{wp|intensive farming}} to produce goods for commercial export. {{wp|Animal husbandry}} is also common, and is supported by the government to provide better nutrition and additional sources of income for local cooperatives. | The Arthani economy overwhelmingly relies on {{wp|subsistence agriculture}}, which accounts for 40% of the nation's GDP. It largely consists of {{wp|rice}} farming by {{wp|agricultural cooperative|agricultural cooperatives}}. Cooperatives either use the wet-field paddy system, practiced primarily in plains and valleys, or the {{wp|slash-and-burn}} cultivation system, practiced primarily in hillier terrain. Over 75% of agricultural land in the country is used for rice, with the remainder used for various goods such as sweet potatoes, corn, coffee, sugarcane, tobacco, and cotton. The majority of these farms are privately owned that practice some form of {{wp|intensive farming}} to produce goods for commercial export. {{wp|Animal husbandry}} is also common, and is supported by the government to provide better nutrition and additional sources of income for local cooperatives. | ||
===Mining=== | ===Mining=== | ||
Arthasthan maintains a large mining industry that accounts for 10% of national GDP. Coal traditionally was the main international export in thousands of tons, but has been overtaken by {{wp|iron ore}}, {{wp|Aluminium oxide|aluminium}}, {{wp|chromite}}, and {{wp|bauxite}}. The country is also a major producer of {{wp|limestone}}, {{wp|copper}}, and {{wp|tin}}. After investment and economic assistance, Arthasthan began producing oil in the western regions of the country. Currently there are plans to build a refinery Mining is either done on the small scale by local cooperatives or on the large scale by {{wp|State-owned enterprise|state owned companies}}. | |||
===Industry=== | ===Industry=== | ||
===Services=== | ===Services=== | ||
===Infrastructure=== | ===Infrastructure=== | ||
===Energy=== | ===Energy=== | ||
Revision as of 20:04, 21 July 2021
Economy
Arthasthan is categorised as a rapidly growing lower-middle income developing economy with a nominal GDP of $270.45 billion and a GDP PPP of $865.12 billion. As a socialist state, Arthasthan's economic system resembles market socialism, with high degrees of state ownership and workers' self-management with some foreign direct investment and private ownership based upon a market system. The long-term goal of the Arthani economy as enshrined in the constitution is economic development within a socialist framework to eventually establish a true socialist economy.
Arthansthan's economy is dependent on subsistence agriculture, fishing, and mining of mineral resources and fossil fuels. Arthasthan has a small but growing manufacturing center based around Nadipatnam, that produces textiles, food, and consumer electronics. Despite its development level, Arthasthan maintains a complex river and canal system that the country uses for agriculture and transportation.
Despite rapid growth, Arthasthan remains one of the poorest countries in Satria. To counter this government implements equitable economic policies, designed to improve living standards and reduce inequality. Foreign investors are largely dissuaded from investing because of the country's economic protectionism and its convoluted governmental structure particularly on the regional level and below. The country has a Human Development Index of 0.620 indicating medium development and a Gini coefficient of 31.237 indicating moderate income inequality. Thus the economy receives development aid from the Association for International Socialism, the Council for Mutual Development, and the Bashurat Cooperation Organization.
Agriculture
The Arthani economy overwhelmingly relies on subsistence agriculture, which accounts for 40% of the nation's GDP. It largely consists of rice farming by agricultural cooperatives. Cooperatives either use the wet-field paddy system, practiced primarily in plains and valleys, or the slash-and-burn cultivation system, practiced primarily in hillier terrain. Over 75% of agricultural land in the country is used for rice, with the remainder used for various goods such as sweet potatoes, corn, coffee, sugarcane, tobacco, and cotton. The majority of these farms are privately owned that practice some form of intensive farming to produce goods for commercial export. Animal husbandry is also common, and is supported by the government to provide better nutrition and additional sources of income for local cooperatives.
Mining
Arthasthan maintains a large mining industry that accounts for 10% of national GDP. Coal traditionally was the main international export in thousands of tons, but has been overtaken by iron ore, aluminium, chromite, and bauxite. The country is also a major producer of limestone, copper, and tin. After investment and economic assistance, Arthasthan began producing oil in the western regions of the country. Currently there are plans to build a refinery Mining is either done on the small scale by local cooperatives or on the large scale by state owned companies.