Economy of Krenya

Economy of Krenya

Flag of Krenya
Currency	Krenen (KNN)
Fiscal year	1 March — 31 April
Trade organisations	None
Statistics
GDP	840 billion ACU (PPP, 2020)
GDP growth	1.2% (2020)
GDP per capita	42,125 ACU (PPP, 2020)
GDP by sector	Services: 30,7% Industry: 42,3% Agriculture: 18,0%
Inflation (CPI)	5.6%
Population below poverty line	N/A (2020)
Gini coefficient	0.33 (2020)
Labour force	14 million (2020)
Labour force by occupation	Services: 32,1% Industry: 40,9% Agriculture: 18,0%
Unemployment	2-5% (2020)
Main industries	List Automobile Manufacturing Energy Metallurgy Food processing Wood and furniture products Metal products Cement Construction equipment Light Machinery Mining Heavy machinery Rubber Petrochemicals Pharmacy Electronic Equipmemts
External
Export goods	List Clothing Heavy Machinery Cement Construction Equipment Automobiles Textiles Foodstuffs Rubber Tobacco Wood products Minerals Metals Petrochemicals Medicines Electronic Equipments
Import goods	List Cars and car parts Machinery and equipment Chemicals Plastics Foodstuffs Electronic equipment

Overview

The  economy of the  Duchy of Krenya is a highly developed  mixed  economy.  It is the  9th-largest national economy in the thuadian continent measured by nominal  gross domestic product  (GDP),  8th-largest  by  purchasing power parity (PPP), and  19th-largest  by  GDP  per capita, constituting 1.0% of  thuadian GDP.

The Krenyan State has one of the most  Export oriented  economies.  In 2021, Krenya was the  fourth-largest exporter in thuadia and the  seventh-largest importer. It also had the ninth-largest inward  foreign direct investment, and the tenth-largest outward foreign direct investment.  In 2020, Krenya's trade with the 9 member states of the  Inner Sekidean Union  along with the other 12 member states of the outer sekidean union accounted for 36% of the country's exports and 57% of its imports however it is dwarfed by the exports towards the Thrismari union which account for 62% of its total exports.

The  industrial sector  dominates, contributing 42% of GDP;  the  high end manufacturing industry  is particularly important in the industrial sector, and  Gorainz is the Third-largest industrial centre  in the Southern Thuadian Region.  Douvensteinburg  was ranked 7th largest industrial centre in southern thrismari for its concentrated Heavy industrial complexes in 2018.  Krenya's Automobile and Component manufacturing industries  are of prime importance due to their sheer size.  krenyan pharmaceutical industry, the sixth largest in thuadia, plays an important role in the economy. Of the world's 500 largest companies, 5 are headquartered in Krenya. The economy is boosted by  laurentine Sea oil production; its reserves are estimated at 25  billion barrels to 40 billion barrels in 2016, although it is said that these reserves will deplete by the early 2030's due to excessive exports of petroleum based products by the krenyan state to the TU.  There are significant regional variations in prosperity, with  southern and  Eastern krenya being the richest areas per capita. The size of  zozava's economy  makes it the most richest region by GDP per capita in krenya.