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Economy of Littland: Difference between revisions

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{{Infobox economy
{{Infobox economy
| country = Littland
| country = Littland
| image = [[File:Hauptwache_Frankfurt_am_Main.jpg|285px|link=Kaslund]]<br/><gallery mode=packed heights=80 style="margin:0;">
| image = [[File:Hauptwache_Frankfurt_am_Main.jpg|285px|link=Kaslund]]
File:Littlands Nationalbank.jpg|link=Littlands Nationalbank
| caption = [[Kaslund|Kaslund Financial District]]
File:Littland Aalhavn Port.jpg|link=Port of Aalhavn
| currency = [[Littish daler]] (DAL, Đ)
</gallery>
| caption = From top to bottom, left to right: [[Kaslund|Kaslund Financial District]], [[Littlands Nationalbank|Central Bank of Littland]], [[Port of Aalhavn]]
| currency = [[Littish daler]] (DAL)
| year = Calendar year
| organs = [[Argis Economic Cooperation Organization|AECO]]<br/><br/>{{wp|Developed country|Developed/Advanced}}<br/>{{wp|World Bank high-income economy|High-income economy}}
| organs = [[Argis Economic Cooperation Organization|AECO]]<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 (2021)
| gdp = {{steady}} $438.09 billion (nominal, 2022)
| gdp = {{increase}} 420.83 billion [[wikipedia:International dollar|{{Hover title|dotted=no|International Solidus|Int$}}]] (nominal, 2022)
| growth = 1.6% (2020)
| growth = 1.9% (2022)
| per capita = {{steady}} $19,800 (nominal, 2022)
| per capita = {{increase}} 19,800 [[wikipedia:International dollar|{{Hover title|dotted=no|International Solidus|Int$}}]] (nominal, 2022)
| sectors = {{plainlist|
| sectors = {{plainlist|
*{{wp|Primary sector of the economy|agriculture}}: 3.9%
*{{wp|Primary sector of the economy|agriculture}}: 2.7%
*{{wp|Secondary sector of the economy|industry}}: 31.3%
*{{wp|Secondary sector of the economy|industry}}: 37.5%
*{{wp|Tertiary sector of the economy|services}}: 64.8%
*{{wp|Tertiary sector of the economy|services}}: 59.8%
}}
}}
| inflation = {{steady}} 3.6% (2021)
| inflation = {{steady}} 3.6% (2022)
| poverty = {{decreasePositive}} 8.2% in poverty<br/>{{decreasePositive}} 17.2% at risk of poverty or social exclusion
| poverty = {{decreasePositive}} 11.2% in poverty<br/>{{decreasePositive}} 17.2% at risk of poverty or social exclusion
| gini = {{increaseNegative}} 37.2 {{color|orange|medium}}
| gini = {{increaseNegative}} 39.6 {{color|orange|medium}}
| hdi = {{steady}} 0.768 {{color|green|high}}
| hdi = {{steady}} 0.768 {{color|green|high}}
| unemployment = {{plainlist|
| unemployment = {{plainlist|
*{{decreasePositive}} 5.9%  
*{{decreasePositive}} 4.9%  
*{{decreasePositive}} 11.6% youth unemployment (15 to 25 year-olds)
*{{decreasePositive}} 11.6% youth unemployment (15 to 25 year-olds)
}}
}}
| industries = {{hlist|{{wpl|Iron}}|{{wpl|Steel}}|{{wpl|Food Processing}}|{{wpl|Electronics}}|{{wpl|Machinery}}|{{wpl|Pharmaceuticals}}|{{wpl|Information Technology}}|{{wpl|Transport industry|Transportation and Logistics}}}}
| industries = {{hlist|{{wpl||}}|{{wpl||}}|{{wpl||}}|{{wpl||}}|{{wpl||}}|{{wpl||}}|{{wpl||}}|{{wpl||}}|{{wpl||}}|{{wpl||}}|{{wpl||}}}}
| exports = {{increase}} $165.2 billion (2021)
| exports = {{increase}} TBD billion [[wikipedia:International dollar|{{Hover title|dotted=no|International Solidus|Int$}}]] (2022)
| export-goods = {{hlist|iron and steel products|pharmaceuticals|machinery|meat products|foodstuffs|electronics|consumer goods}}
| export-goods = {{hlist|TBD}}
| export-partners = {{plainlist|
| export-partners = {{plainlist|
* {{flag|AECO}} 29.3%
* TBD
* {{flag|Estimeria}} 8.6%
* TBD
}}
}}
| imports = {{increase}} $149.7 billion (2021)
| imports = {{increase}} TBD billion [[wikipedia:International dollar|{{Hover title|dotted=no|International Solidus|Int$}}]] (2022)
| import-goods = {{hlist|machinery components|petroleum products|petroleum|chemicals|motor vehicles|plastics|semiconductors|consumer goods}}
| import-goods = {{hlist|TBD}}
| import-partners = {{plainlist|
| import-partners = {{plainlist|
* {{flag|AECO}} 32.6%
* TBD
* {{flag|Estimeria}} 5.8%
* TBD
}}
| current account = {{increase}} $15.5 billion (2021)
| debt = {{plainlist|
*{{increaseNegative}} 32.8% of GDP (2021)
}}
}}
| current account = {{increase}} TBD billion [[wikipedia:International dollar|{{Hover title|dotted=no|International Solidus|Int$}}]] (2022)
| debt = {{increaseNegative}} 58.11% of GDP (2022)
| credit = [[Foster & Ajax]]:<br/>AA (Domestic)<br/>A (Foreign)
| credit = [[Foster & Ajax]]:<br/>AA (Domestic)<br/>A (Foreign)
|reserves = $60.3 billion (2020)
| reserves = $60.3 billion (2020)
}}
}}
The '''economy of [[Littland]]''' is a developed high income social market economy.  
The '''economy of [[Littland]]''' is a developed high income social market economy.  


==History==
==History==
Historically Littland was an agrarian society for a majority of it's history, even through the industrial revolution with only minor industry appearing in major cities. Littland underwent rapid industrialization following the end of the [[Littish Civil War]] in 1913. Part of reconstruction was the investment into heavy industries such as mining, steel and machinery production among others. The agricultural sector was also modernized and fertilizer, tractors and other equipment was imported during the next couple decades.
Historically Littland was an agrarian society for a majority of it's history.
 
After the [[First Argic War]] the importance of heavy industry declined. Agricultural output had also declined since the end of the 1940's as more and more people were moving into the cities. As the industrial and agricultural sectors declined a thriving service sector had appeared which started expanding rapidly to satisfy the demands of the new urban population, companies such as [[Guldbrand Group|Guldbrand]], [[Summarum]], [[Rislev Foods|Rislev]], [[Telemax]] and [[NordSoft]] were founded during this era of economic growth. Nowadays, building on long-standing traditions and a highly skilled labor force, main industries of Littland include: {{wpl|Iron}} and {{wpl|Steel}} production, {{wpl|Electronics}} and {{wpl|Machinery}}, {{wpl|Food Processing}} and {{wpl|Pharmaceuticals}}.
 
Following the 1991 Economic Crash, Littland economy became more of less completely stagnant, with GDP growth from 1991 to 2006 being only 1.4%. Government austerity measures did not help the already strained economy and in 2005 unemployment figures were up to 16.2%, a record high. After the [[2008 Littish parliamentary elections|2008 election]] the [[Christian Democratic League]] won a great victory thanks to their "New Littish Business" (Nyt Littisk Erhverv) economic program, often called "NLE" for short. The NLE included a reform to the labor market, taxes, business permits, state pensions and several new trade initiatives with other countries. While reaction were mixed on its implementation and controversies arose on the state pension reform, it is generally viewed as a success and by 2015 the Littish economy were once again growing, although still slower than before the economic crisis.


==Currency==
==Currency==
{{Main|Littish daler}}
{{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. 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 3.6% and stagnant.
The Littish currency is the [[Littish daler]], which is valued at 7.25 DAL to 1 [[wikipedia:International dollar|Int$]] (2021). Inflation has been fluctuating the past few decades, reaching its peak in 2003. The central bank, [[Littlands Nationalbank]], has since then begun to relax certain rules on currency controls although the currency is not widely used internationally.
 
==Industry==


==Sectors==
===Manufacturing===
===Mining===
===Energy===
===Agriculture===
===Service industry===


==Infrastructure==
==Infrastructure==
===Transport===
===Transport===
Littland has 52,135 km of roads and highways, the railway system is 7,685 km long and 5,488 km of it is electrified. Littland has direct road and railway connections to [[Walneria]], [[Estimeria]] and [[Malskia]]. Along with its extensive land infrastructure, Littland has 4 major international airports, the largest being [[Kaslund International Airport]], and 2 deep-water seaports, the largest being the [[Port of Aalhavn]]. The Port of Aalhavn had over 4,000,000 passengers pass through in 2019.  
Along with its extensive land infrastructure, Littland has 4 major international airports, the largest being [[Kaslund International Airport]]. The largest seaport in Littland is the [[Port of Aalhavn]] which had over 4,000,000 passengers pass through in 2019.  


===Utilities===
===Utilities===
Electricity and running water is widely available in Littland, with every household having access to basic utilities. Piped gas is available to 86.7% of households. It is the responsibility of the municipalities to provide these services to the people. Additionally, the government offers subsidies to companies who wish to develop, water and sewage systems. Internet access was a problem in the early 2010's with only 46.8% of households having internet access (with 34% being broadband) in 2011, but recent developments has seen internet access soar to 94.7% (with 87% being broadband) in 2021.


==External trade==
 
{| class="wikitable"
==Foreign trade==
 
{| class="wikitable sortable" style="text-align:right;"
|+Top 10 trading partners for Littland (2021)
|-
! Rank !! Country !! Exports || Imports
|-
|1 || style="text-align:left;"| TBD || TBD || TBD
|-
|-
!Country
|2 || style="text-align:left;"| TBD || TBD || TBD
!Agreement
!Abbr.
!Effective
|-
|-
| {{flag|Walneria}}
|3 || style="text-align:left;"| TBD || TBD || TBD
| Littland-Walnerian Economic Cooperation Agreement
|-  
| LWECA
|4 || style="text-align:left;"| TBD || TBD || TBD
| 1 January 2006
|-
|-
| {{flag|Thransaltz}}
|5 || style="text-align:left;"| TBD || TBD || TBD
| Littland-Thransaltz Economic Cooperation Agreement
| LTECA
| 1 November 2010
|-
|-
| {{flag|Estimeria}}
|6 || style="text-align:left;"| TBD || TBD || TBD
| Estimeria-Littland Free Trade Agreement
| ELFTA
| 1 March 2011
|-
|-
| {{flag|Malskia}}
|7 || style="text-align:left;"| TBD || TBD || TBD
| Littland-Malskia Economic Prosperity Agreement
| LMEPA
| 1 September 2017
|-
|-
| {{flag|Walneria}}
|8 || style="text-align:left;"| TBD || TBD || TBD
| Littland-Walnerian Deeper Economic Cooperation Agreement
| LWDECA
| 1 January 2019
|-
|-
| {{flag|Thransaltz}}
|9 || style="text-align:left;"| TBD || TBD || TBD
| Littland-Thransaltz Deeper Economic Cooperation Agreement
|-
| LTDECA
|10 || style="text-align:left;"| TBD || TBD || TBD
| 1 August 2019
|-
|-
|}
|}
==Major companies==
==Companies==
===Largest companies===
{| class="wikitable sortable"
{| class="wikitable sortable"
|-
|+Largest companies
|-
|-
!Image
!Image
!Name
!Name
!Industry Sector
!Industry Sector
!Revenue<br/>(in [[Littish daler|Đ]])
!Revenue<br/>(in [[wikipedia:International dollar|{{Hover title|dotted=no|International Solidus|Int$}}]])
!Headquarters
!Headquarters
!Founded
!Founded
|-
|-
| [[File:Danfoss_Hauptgebäude_in_Nordborg.jpg|116px|link=Fergo Industries]]
| [[File:Danfoss_Hauptgebäude_in_Nordborg.jpg|116px|link=Aulum Industries]]
| [[Fergo Industries]]
| [[Aulum Industries]]
| Industrial Conglomerate
| Industrial Conglomerate
| align="center" | 133.29 billion
| align="center" | TBD
| [[Klinstrup]]
| [[Klinstrup]]
| 1927
| 1888
|-
|-
| [[File:Saxo_Bank_HQ_building.jpg|116px|link=Rislev Foods]]
| [[File:Saxo_Bank_HQ_building.jpg|116px|link=Guldbrand Group]]
| [[Rislev Foods]]
| [[Guldbrand Group]]
| Food & Beverages
| Retailing<br/>Consumer Staples
| align="center" | 116.73 billion
| align="center" | TBD
| [[Kaslund]]
| [[Kaslund]]
| 1952
| 1952
|-
| [[File:Kaslund Guldbrand Tower.jpg|116px|link=Guldbrand Group]]
| [[Guldbrand Group]]
| Retailing
| align="center" | 108.37 billion
| [[Kaslund]]
| 1971
|-
| [[File:Parsol HQ Kaslund.jpeg|116px|link=Parsol]]
| [[Parsol]]
| Pharmaceuticals
| align="center" | 85.64 billion
| [[Kaslund]]
| 1948
|-
|-
|}
|}
===Notable companies===
Notable companies with their primary headquarters located in Littland.
{{Company-list table start}}
{{Company-list table start}}
{{Company-list table entry | [[AeroGroup]] | Industrials | Transport | [[Kaslund]] | 1982 | Aircraft leasing }}
{{Company-list table entry | [[Bravo Broadcasting]] | Consumer services | Broadcasting | [[Aalhavn]] | 1993 | Television and entertainment producer }}
{{Company-list table entry | [[AXT Inc.]] | Industrials | Automotive | [[Aalhavn]] | 1971 | Automotive technology supplier }}
{{Company-list table entry | [[Holst Premium]]     | Consumer goods     | Food products | [[Frankerup]] | 1922 | Renowned meat producer }}
{{Company-list table entry | [[Bravo Broadcasting]] | Consumer services | Broadcasting & entertainment | [[Aalhavn]] | 1993 | Television and entertainment producer }}
{{Company-list table entry | [[Kollund Insurance]] | Financials         | Insurance & Banking | [[Halling]] | 1901 | Private insurance, defunct 1991 | defunct=y }}
{{Company-list table entry | [[Hessel]] | Consumer goods | Recreational products | [[Gistrup]] | 1950 | Musical instruments }}
{{Company-list table entry | [[Lindenkrone]]       | Consumer goods     | Brewers | [[Kaslund]] | 1811 | Alcoholic drinks }}
{{Company-list table entry | [[Holst Premium]] | Consumer goods | Food products | [[Frankerup]] | 1948 | Renowned meat producer }}
{{Company-list table entry | [[Littish Airlines]]   | Consumer services | Airlines | [[Kaslund]] | 1941 | State-owned national airlines | state=y }}
{{Company-list table entry | [[Kollund Insurance]] | Financials | Life insurance | [[Halling]] | 1914 | Private insurance, defunct 1991 | defunct=y }}
{{Company-list table entry | [[Littish Railways]]   | Consumer services | Railroads | [[Kaslund]] | 1914 | State-operated railways | state=y }}
{{Company-list table entry | [[Lepton]] | Utilities | Alternative electricity | [[Malbork]] | 2002 | Renewable energy }}
{{Company-list table entry | [[MicroMachine]]       | Technology         | Software | [[Halling]] | 2016 | Simulation software }}
{{Company-list table entry | [[Lindenkrone]] | Consumer goods | Brewers | [[Kaslund]] | 1811 | Alcoholic drinks }}
{{Company-list table entry | [[Littish Airlines]] | Consumer services | Airlines | [[Kaslund]] | 1941 | State-owned national airlines | state=y }}
{{Company-list table entry | [[Littish Railways]] | Consumer services | Railroads | [[Kaslund]] | 1914 | State-operated railways | state=y }}
{{Company-list table entry | [[Mørch]] | Health care | Medical equipment | [[Kaslund]] | 1976 | Medical devices }}
{{Company-list table entry | [[NanoSystems]] | Technology | Software | [[Halling]] | 2016 | Simulation software }}
{{Company-list table entry | [[NationalPost]] | Industrials | Delivery services | [[Kaslund]] | 1914 | National postal service | state=y }}
{{Company-list table entry | [[Littish National Television Service|NFS]] | Media Services | Media | [[Kaslund]] | 1922 | Public service media | state=y }}
{{Company-list table entry | [[Littish National Television Service|NFS]] | Media Services | Media | [[Kaslund]] | 1922 | Public service media | state=y }}
{{Company-list table entry | [[Nocobot]] | Technology | Computer hardware | [[Kaslund]] | 1964 | Computer manufacturer | defunct=y }}
{{Company-list table entry | [[NordSoft]]           | Technology         | Software & Services | [[Rødskov]] | 1979 | Software developer }}
{{Company-list table entry | [[NordSoft]] | Technology | Software & services | [[Rødskov]] | 1979 | Software developer }}
{{Company-list table entry | [[Noxu Game Studios]] | Technology         | Software & Services | [[Halling]] | 1992 | Famous videogame developer }}
{{Company-list table entry | [[Noxu Game Studios]] | Technology | Software & services | [[Halling]] | 1992 | Famous videogame developer }}
{{Company-list table entry | [[OPA Media]]         | Consumer services | Publishing | [[Kaslund]] | 1982 | Newspaper and media conglomerate }}
{{Company-list table entry | [[OPA Media]] | Consumer services | Publishing | [[Kaslund]] | 1982 | Newspaper and media conglomerate }}
{{Company-list table entry | [[Parsol]]             | Health care        | Pharmaceuticals | [[Kaslund]] | 1948 | Large pharmaceutical exporter}}
{{Company-list table entry | [[Sehested]] | Industrials | Industrial machinery | [[Kaslund]] | 1968 | Merged with [[Fergo Industries]] in 1996 | defunct=y }}
{{Company-list table entry | [[Summarum]]           | Consumer goods     | Consumer electronics | [[Klinstrup]] | 1929 | Manufacturer of household electronics }}
{{Company-list table entry | [[Solbjerg Corporation]] | Industrials | Building materials & fixtures | [[Skinnerup]] | 1937 | Merged with [[Fergo Industries]] in 1996 | defunct=y }}
{{Company-list table entry | [[TeleMax]]           | Telecommunications | Mobile Telecommunications | [[Gistrup]] | 1972 | Telephone provider }}
{{Company-list table entry | [[Summarum]] | Consumer goods | Consumer electronics | [[Klinstrup]] | 1929 | Manufacturer of household electronics }}
{{Company-list table entry | [[Torcon]]             | Industrials       | Construction & Engineering | [[Klinstrup]] | 1930 | Award-winning construction company }}
{{Company-list table entry | [[TeleMax]] | Telecommunications | Mobile telecommunications | [[Gistrup]] | 1972 | Telephone provider }}
{{Company-list table entry | [[Torcon]] | Industrials | Construction & engineering | [[Klinstrup]] | 1930 | Award-winning construction company }}
{{Company-list table entry | [[Wazzasoft]] | Technology | Software | [[Halling]] | 2002 | Enterprise software }}
{{Company-list table entry | [[Zeeth]] | Consumer services | Publishing | [[Halling]] | 2009 | Digital publishing }}
{{Company-list table end}}
{{Company-list table end}}


==References==
{{reflist}}
{{Template:Littland Navbox}}
{{Template:Littland Navbox}}
[[Category:Littland]]
{{Eurth}}
{{Eurth}}

Revision as of 15:41, 23 December 2022

Economy of Littland
Hauptwache Frankfurt am Main.jpg
Kaslund Financial District
CurrencyLittish daler (DAL, Đ)
Trade organisations
AECO

Developed/Advanced
High-income economy
Statistics
PopulationDecrease 21,254,000 (2021)
GDPIncrease 420.83 billion Int$ (nominal, 2022)
GDP growth
1.9% (2022)
GDP per capita
Increase 19,800 Int$ (nominal, 2022)
GDP by sector
Steady 3.6% (2022)
Population below poverty line
Positive decrease 11.2% in poverty
Positive decrease 17.2% at risk of poverty or social exclusion
Negative increase 39.6 medium
Steady 0.768 high
Unemployment
  • Positive decrease 4.9%
  • Positive decrease 11.6% youth unemployment (15 to 25 year-olds)
Main industries
  • [[Wikipedia:|]]
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External
ExportsIncrease TBD billion Int$ (2022)
Export goods
  • TBD
Main export partners
  • TBD
  • TBD
ImportsIncrease TBD billion Int$ (2022)
Import goods
  • TBD
Main import partners
  • TBD
  • TBD
Increase TBD billion Int$ (2022)
Public finances
Negative increase 58.11% of GDP (2022)
Foster & Ajax:
AA (Domestic)
A (Foreign)
Foreign reserves
$60.3 billion (2020)

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

The economy of Littland is a developed high income social market economy.

History

Historically Littland was an agrarian society for a majority of it's history.

Currency

Main article: Littish daler

The Littish currency is the Littish daler, which is valued at 7.25 DAL to 1 Int$ (2021). Inflation has been fluctuating the past few decades, reaching its peak in 2003. The central bank, Littlands Nationalbank, has since then begun to relax certain rules on currency controls although the currency is not widely used internationally.

Sectors

Manufacturing

Mining

Energy

Agriculture

Service industry

Infrastructure

Transport

Along with its extensive land infrastructure, Littland has 4 major international airports, the largest being Kaslund International Airport. The largest seaport in Littland is the Port of Aalhavn which had over 4,000,000 passengers pass through in 2019.

Utilities

Foreign trade

Top 10 trading partners for Littland (2021)
Rank Country Exports Imports
1 TBD TBD TBD
2 TBD TBD TBD
3 TBD TBD TBD
4 TBD TBD TBD
5 TBD TBD TBD
6 TBD TBD TBD
7 TBD TBD TBD
8 TBD TBD TBD
9 TBD TBD TBD
10 TBD TBD TBD

Companies

Largest companies
Image Name Industry Sector Revenue
(in Int$) 		Headquarters Founded
Danfoss Hauptgebäude in Nordborg.jpg Aulum Industries Industrial Conglomerate TBD Klinstrup 1888
Saxo Bank HQ building.jpg Guldbrand Group Retailing
Consumer Staples 		TBD Kaslund 1952
Notable companies
     Active      State-owned      Defunct
Name Industry Sector Headquarters Founded Notes
Bravo Broadcasting Consumer services Broadcasting Aalhavn 1993 Television and entertainment producer
Holst Premium Consumer goods Food products Frankerup 1922 Renowned meat producer
Kollund Insurance Financials Insurance & Banking Halling 1901 Private insurance, defunct 1991
Lindenkrone Consumer goods Brewers Kaslund 1811 Alcoholic drinks
Littish Airlines Consumer services Airlines Kaslund 1941 State-owned national airlines
Littish Railways Consumer services Railroads Kaslund 1914 State-operated railways
MicroMachine Technology Software Halling 2016 Simulation software
NFS Media Services Media Kaslund 1922 Public service media
NordSoft Technology Software & Services Rødskov 1979 Software developer
Noxu Game Studios Technology Software & Services Halling 1992 Famous videogame developer
OPA Media Consumer services Publishing Kaslund 1982 Newspaper and media conglomerate
Parsol Health care Pharmaceuticals Kaslund 1948 Large pharmaceutical exporter
Summarum Consumer goods Consumer electronics Klinstrup 1929 Manufacturer of household electronics
TeleMax Telecommunications Mobile Telecommunications Gistrup 1972 Telephone provider
Torcon Industrials Construction & Engineering Klinstrup 1930 Award-winning construction company


References

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