Economy of Timeria
| File:MaiT.jpg Mai, the finacial center of North Timeria | |
| Currency | Timerian Bean |
|---|---|
| February 20th - February 21th | |
| Statistics | |
GDP growth | 12.3% |
GDP by sector | agriculture: 6%; industry: 30%; service: 64% (2068 est.) |
| 1.68% | |
Population below poverty line | 11.3% |
| Unemployment | 3.2% (August 2012) |
Main industries | Highly diversified, world leading, high-technology innovator Arms Industry, chemicals, crude oil production, pertoluem refining, machinery, Aerospace, machine tools, Fish processing, manufacturing, vehicles, electronics, furniture |
| External | |
Export goods | Arms, vehicles, foodstuffs |
Import goods | foodstuffs, consumer goods, rare earth elements, motor vehicles, textiles |
All values, unless otherwise stated, are in US dollars. | |
Kingdom of Timeria is a capatilist economy with the private industry under government regulation. The Timerian Bean is backed by its science and technology, its military, and the full faith of the Timerian government to reimburse its debts. Timeria is one of the world's largest economies and has maintained a stable GDP growth since the Timerian Civil War. Under President Sterling Timeria has seen record economic growth. Timeria ranks among the top innovative countries.
The Mai Stock Exchange is Timeria's largest stock exchange and trades stock from some 4,000 companies. Timeria is also home to some of the world's largest companies, including but not limited to: Kambee Inc., Dragon Manufacturing Co., Tiger, and Timerian-Assana Oil Company. The Bean is the currency of Timeria and its territories.
Timeria leads the world in oil production and supplies 67% of the Eastern Hemisphere. Much of the oil reserves in the Assana Ocean are drilled by Timerian companies and refined in Timeria. Most of Timeria's raw resources are extracted in the south or imported. The manufacturing industry is very advanced and is one of the largest contributors to the Timerian economy. The Rynxyns Coast Region is one of the leading technology centers; home to San Loma, one of the highest concentrations of tech companies.
Business Culture
A central feature of the Timerian economy is the economic freedom afforded to the private sector to make the majority of economic decisions. Private industry is regulated and policed by the government which is a bit involved in the companies morality and ethics code. Timeria is also home to over 10 million small business.
Timeria is rich in natural resources which are exploited within the constraints set by the Environmental Protection Agency. The country is also abundant in fertile farm soil and a tropical climate.
The number of workers and their productivity help determine the health of the Timerian economy. North Timeria has mostly been open to immigrants throughout its history and this has contributed to the growth and diversity of the Timerian economy.