Economy of Delamaria
_-_2022-04-24.jpg) Labrador is the economic centre of the nation, and a global financial hub. | |
| Currency | Labrador Pound (LBP, £) |
|---|---|
| Statistics | |
| Population |  41,078,000 |
| GDP | 1,606,560,000,000 |
| GDP rank | 8th |
GDP growth | 9.3% (2022)6.9% (2021)7.8% (2020) |
GDP per capita | 39,110 |
GDP per capita rank | 13th |
GDP by sector |
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The Economy of Delamaria is a is a highly developed social market economy. As of 2023 it is the 8th largest economy on Eurth by total GDP, and the 13th largest in GDP per capita. Delamaria's economy is highly globalised, with Delamarian and foreign companies taking advantage of Delamaria's membership of the Eastern Argis Trade Zone and ATARA.
The Delamarian economy is dominated by tertiary service industries, employing 72% of Delamarians, and contributing 78% of GDP. The largest tertiary industries operating in Delamaria is the financial services industry. Highly skilled secondary industries are also based in Delamaria, notably pharmaceutical, chemical and IT Technology. Delamaria has a small but valuable primary industry, largely revolving around agriculture, but also around rare earth minerals and oil. Delamaria's economy is centred around Labrador, the largest regional economy in the country, and one of the largest urban economies in the Wurld.
Delamaria was one of the first Argic nations to industrialise, as Great Anglia, Delamaria's colonial master, was the birthplace of the industrial revolution. Anglian industrialists constructed railroads, factories and efficient agriculture. Delamaria grew to be one of the largest and most productive economies in the new wurld, with massive investment from Anglia, even after independence, funding its rapidly growing industries, notably coal and iron mining, steel and shipbuilding. However in the 1920s Anglian industries were being undercut by more efficient Delamarian producers, tarrifs were soon imposed, eliminating much of Delamaria's exports overnight. The economic depression caused by the lack of demand led to a fall in GDP that would not be recovered from until 1965. Delamaria soon moved away from primary industries, and a focus on specialised manufacturing was established in the 1950s, by the 1980s Conover-Grantham Economics took hold, and the service industry came to dominate the economy.
Primary
Secondary
Tertiary
Financial Services
The Delamarian finance industry is centralised in Labrador, which hosts two stock exchanges.