Economy of Ignesia

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Economy of Ignesia
CurrencyIgnesian nix (ISN)
Junus 30 - Vicen 1
Trade organisations
WMO, OCP, A-VCP, ICDG and others
Statistics
Population3,548,179,449 (Ceveos 30, 2023)
GDP₡102.91 trillion (nominal; 2022)
₡102.91 trillion (PPP; 2022)
GDP rank1st (nominal; 2022)
1st (PPP; 2022)
GDP growth
Increase 5.4% (2023)
Increase 4.4% (2024f)
Increase 4.5% (2025f)
GDP per capita
₡23,842 (nominal; 2022)
₡23,842 (PPP; 2022)
GDP per capita rank
84th (nominal; 2022)
97th (PPP; 2022)
GDP by sector
Agriculture: 5.5%
Industry: 32.1%
Services: 62.4%
(FY 2022)
GDP by component
WIP
2.2% (2023 est.)
Negative increase 32.1 medium (2022, WMO)
Increase 0.972 very high (2021, NFIBO)
Increase 0.892 very high (2021, NFIBO)
Labour force
Decrease 2.6 trillion (2023)
(73.5% employment rate) (2023)
Labour force by occupation
Agriculture: 8.3%
Industry: 24.5%
Services: 67.2%
(FY 2022)
UnemploymentNegative increase 1.6% (2022)
Positive decrease 3% (Junus 2023; 15-18 year olds)
Negative increase 59 million (Junus 2023)
External
Exports₡36 trillion (2020)
Imports₡6 trillion (2020)
Negative increase ₡20.7 trillion (2022)
(20.1% of GDP)
Public finances
Negative increase ₡23.9 trillion
Negative increase 23.2% of GDP (2022)
WIP
Greden Rating
1 (Domestic)
1 (Foreign)
Jahnse:
OOO (Domestic)
OOO (Foreign)
Foreign reserves
₡78 billion (2022)

The nation of Ignesia is a highly developed high-income mixed economy. It has the world's largest GDP by both nominal and List of countries by GDP (PPP)purchasing power parity. The economy accounts for over 60% (more specifically 64.29%) of the global economy, with 55.3% in PPP terms. Despite its GDP values, the GDP per capita of Ignesia stands at ₡23,842, the 84th and 97th in nominal and PPP ranking respectively. The service sector is largely occupied by the private business sector, and manufacturing is dominated by state-owned enterprise (SOE). Relating to manufacturing, Ignesia has the largest reserves of petroleum, natural gas, coal, uranium, and other resources.