Economy of Soravia

Economy of Narozalica

Samistopol's business centre, Narozalica's capital and one of several economic hubs across the country.
Currency	Narozalic zolota (NZZ; ʓ)
Fiscal year	Calendar year
Trade organisations	ITO, Samorspi, B-15
Statistics
Population	89,142,866 (2020)
GDP	€1.536 trillion (nominal, 2020 est.) €2.543 trillion (PPP, 2020 est.)
GDP rank	11th (nominal, 2020) 4th (PPP, 2020)
GDP growth	2.3% (2018) 2.1% (2019) 3.0% (2020f) 3.7% (2021f)
GDP per capita	€17,229 (nominal, 2020 est.) €28,531 (PPP, 2020 est.)
GDP per capita rank	14th (nominal, 2020) 10th (PPP, 2020)
GDP by sector	agriculture: 3.6% industry: 33.1% services: 63.3% (2018 est.)
Inflation (CPI)	2.7% (2020 est.) 2.9% (2019) 2.9% (2018)
Population below poverty line	10.6% (2018) 14.9% at risk of poverty
Gini coefficient	36.6 medium (2017)
Human Development Index	0.823 very high (2020) 0.751 high IHDI (2018)
Labour force	45,714,881 (2019) (73.9% employment rate; 2019)
Labour force by occupation	agriculture: 7.0% industry: 41.6%% services: 51.4% (2017)
Unemployment	4.7% (2018)
Average gross salary	ʓ3,730 / €1,017 / $1,210 monthly (2018 est.)
Average net salary	ʓ3,524 / €961 / $1,144 monthly (2018 est.)
Main industries	Petroleum natural gas petrochemicals mining vehicles spacecraft aircraft coal metals naval industry electronics agricultural produce communications equipment
External
Exports	€141.9 billion (2017)
Export goods	Petroleum, natural gas, petrochemicals, metals, electronics, foodstuffs, vehicles and aircraft
Main export partners	Euclean Community 41.2% Samorspi 16.6% —8.9% West Miersa Vinalia 7.1% Chistovodia 5.4% Piraea 4.7% Slirnia 4.1% Other 20.9%
Imports	€103.2 billion (2017)
Import goods	Machinery, plastic, agriculture produce (mainly meat and livestock), pharmaceuticals, medicine, iron, metal alloys
Main import partners	Euclean Community 35.6% Xiaodong 15.9% Senria 10.1% Dezevau 10.0% Other 28.4%
FDI stock	€212.4 billion (2017 est.)
Current account	€30.7 billion (2018)
Gross external debt	€218.8 billion (2019 est.)
Public finances
Public debt	38.6% of GDP (2019)
Budget balance	-0.2% of GDP (2020)
Revenues	€106.5 billion (2017 est.)
Expenses	€112.9 billion (2017 est.)
Credit rating	FitzAllen & Kings: BB+ (domestic) BB- (foreign) Outlook: Stable
Foreign reserves	€319.0 billion (2018 est.)

The economy of Narozalica is a high-income developed or advanced economy. It is the eleventh-largest world economy by nominal GDP, and the fourth largest by Purchasing Power Parity.