Economy of Littland: Difference between revisions

Jump to navigation Jump to search
mNo edit summary
mNo edit summary
Line 2: Line 2:
| country = Littland
| country = Littland
| image = [[File:Beursplein_5_(cropped_and_edited).jpg|225px|link=Kaslund Stock Exchange]]
| image = [[File:Beursplein_5_(cropped_and_edited).jpg|225px|link=Kaslund Stock Exchange]]
| image_size =
| caption = Kaslund Stock Exchange
| caption = Kaslund Stock Exchange
| currency = [[Littish daler]] (DAL)
| currency = [[Littish daler]] (DAL)
Line 8: Line 7:
| organs = <br/><br/>{{wp|Developed country|Developed/Advanced}}<br/>{{wp|World Bank high-income economy|High-income economy}}
| 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 = {{steady}} $438.09 billion (nominal, 2022)
*{{steady}} $438.09 billion (nominal, 2022)
}}
| growth = 0.4% (2018)
| growth = 0.4% (2018)
| per capita = {{plainlist|
| per capita = {{steady}} $19,800 (nominal, 2022)
*{{steady}} $19,800 (nominal, 2022)
}}
| sectors = {{plainlist|
| sectors = {{plainlist|
*{{wp|Primary sector of the economy|agriculture}}: 7%
*{{wp|Primary sector of the economy|agriculture}}: 3.9%
*{{wp|Secondary sector of the economy|industry}}: 28%
*{{wp|Secondary sector of the economy|industry}}: 31.3%
*{{wp|Tertiary sector of the economy|services}}: 65%
*{{wp|Tertiary sector of the economy|services}}: 64.8%
}}
}}
| inflation = 1.2% (2021)
| inflation = 1.8% (2021)
| poverty = {{decreasePositive}} 14.8% at risk of poverty or social exclusion
| poverty = {{decreasePositive}} 14.1% at risk of poverty or social exclusion
| gini = {{increaseNegative}} 37.2 {{color|orange|medium}}
| gini = {{increaseNegative}} 37.2 {{color|orange|medium}}
| hdi = {{steady}} 0.768 {{color|green|high}}
| hdi = {{steady}} 0.768 {{color|green|high}}
| edbr =  
| edbr =  
| unemployment = {{plainlist|
| unemployment = {{plainlist|
*{{steady}} 7.9%  
*{{decreasePositive}} 5.9%  
*{{decreasePositive}} 9.6% youth unemployment (15 to 25 year-olds)
*{{decreasePositive}} 11.6% youth unemployment (15 to 25 year-olds)
}}
}}
| industries = construction, engineering, food and beverages, banking, chemicals, pharmaceuticals, mining, electronics, tourism
| industries =  
| exports = {{Increase}}$83.4 billion (2021)
| exports =  
| export-goods = pharmaceuticals, meat and meat products, raw materials, foodstuffs, electronic products, consumer goods
| export-goods =  
| export-partners =  
| export-partners =  
| imports = {{Increase}}$72.9 billion (2021)
| imports =  
| import-goods = vehicles, chemicals, petroleum and petroleum products, metals, machinery, textiles, military armaments
| import-goods =  
| import-partners =  
| import-partners =  
| current account = {{Increase}}$18,9 billion (2021)
| current account =  
| FDI =  
| debt = {{plainlist|
| debt = {{plainlist|
*{{decreasePositive}} 68% of GDP (2021)
*{{increaseNegative}} 32.8% of GDP (2021)
}}
}}
| credit = AA (Domestic)<br/>A (Foreign)
| credit = [[Foster & Ajax]]:<br/>AA (Domestic)<br/>A (Foreign)
|reserves = $60 billion (2020)
}}
}}
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]].


==Labor market==
==Currency==
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$.
{{Main|Littish daler}}
The Littish currency is the [[Littish daler]], which is valued at 4.71 DAL to 1 USD. The currency is sometimes referred to as the ''Littish dollar'' in some countries. Inflation has been fluctuating the past few decades, reaching its peak in 2003 at just under 10%. The central bank, [[Littlands Nationalbank]], has since then begun to relax certain rules on currency controls although the currency is not widely used internationally. Government intervention has also helped curb the inflation, which now sits at 1.2%. The currency inflation is at 3.06% as of 2021.
 
==Natural resources==
 
 
==Agriculture sector==
 
 
==Industry sector==
 
 
==Service sector==
 


==Infrastructure==
==Infrastructure==
[[File:Railway Network of Littland.png|left|thumb|250px|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 Industries#Divisions|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.


==External trade==
{| class="wikitable"
|-
!Country
!Agreement
!Abbr.
!Effective
|-
|
|
|
|
|}
==Major companies==
==Major companies==
[[File:Littland Exports 2021.png|right|thumb|450px|Littlands Main Exports 2021]]
[[File:Littland Exports 2021.png|right|thumb|450px|Littlands Main Exports 2021]]
Line 95: Line 113:
|-
|-
|}
|}
===Notable Companies===
===Notable companies===
{| class="wikitable sortable"
{| class="wikitable sortable"
|-
|-
Line 110: Line 128:
| [[NordSoft]]
| [[NordSoft]]
| Software & Services
| Software & Services
| [[Kaslund]]
| [[Rødskov]]
| 1979
| 1979
|-
|-

Revision as of 14:44, 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)
GDPSteady $438.09 billion (nominal, 2022)
GDP growth
0.4% (2018)
GDP per capita
Steady $19,800 (nominal, 2022)
GDP by sector
1.8% (2021)
Population below poverty line
Positive decrease 14.1% at risk of poverty or social exclusion
Negative increase 37.2 medium
Steady 0.768 high
Unemployment
  • Positive decrease 5.9%
  • Positive decrease 11.6% youth unemployment (15 to 25 year-olds)
Public finances
  • Negative increase 32.8% of GDP (2021)
Foster & Ajax:
AA (Domestic)
A (Foreign)
Foreign reserves
$60 billion (2020)

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.

Currency

Main article: Littish daler

The Littish currency is the Littish daler, which is valued at 4.71 DAL to 1 USD. The currency is sometimes referred to as the Littish dollar in some countries. Inflation has been fluctuating the past few decades, reaching its peak in 2003 at just under 10%. The central bank, Littlands Nationalbank, has since then begun to relax certain rules on currency controls although the currency is not widely used internationally. Government intervention has also helped curb the inflation, which now sits at 1.2%. The currency inflation is at 3.06% as of 2021.

Natural resources

Agriculture sector

Industry sector

Service sector

Infrastructure

External trade

Country Agreement Abbr. Effective

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 Rødskov 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
Retrieved from "https://iiwiki.us/mediawiki/index.php?title=Economy_of_Littland&oldid=539197"