Economy of Timeria
 Mai, the finacial center of North Timeria | |
| Currency | Timerian Bean |
|---|---|
| February 20th - February 21th | |
| Statistics | |
GDP growth | 5.8% |
GDP by sector | agriculture: 2%; industry: 30%; service: 68% (2020 est.) |
| 1.68% | |
Population below poverty line | 8% |
| Unemployment | 3.2% (August 2018) |
Main industries | Highly diversified, world leading, high-technology innovator Arms, chemicals, crude oil production, pertoluem refining, machinery, Aerospace, machine tools, Fish processing, manufacturing, vehicles, electronics, furniture |
| External | |
Export goods | electronics, vehicles, foodstuffs |
Import goods | foodstuffs, consumer goods, rare earth elements, motor vehicles, textiles |
All values, unless otherwise stated, are in US dollars. | |
The Kingdom of Timeria is a capitalist economy with 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. Under President Raso 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, Dragon Manufacturing Co., Tiger, and Timerian-Assana Oil Company. The Bean is the currency of Timeria and its territories.
Many of the oil reserves in the Albarine Sea are drilled by Timerian companies and refined in Timeria. Most of Timeria's raw resources are extracted in the west or imported. The manufacturing industry is very advanced and is one of the largest contributors to the Timerian economy. The Rynx Coast Region is one of the leading technology centers; home to San Loma, one of the highest concentrations of tech companies.
Financial Center and Banks
Mai, the capital city of Timeria, serves as the nation's financial center and is home to three of the country's largest banks. These financial institutions play a crucial role in facilitating Timeria's economic activities and supporting the growth of various sectors.
Currency and Economic Stability
The Timerian Bean serves as the official currency of Timeria and its territories. The value of the Bean is backed by the country's scientific and technological advancements, its well-equipped military, and the unwavering commitment of the Timerian government to honor its financial obligations. This stability contributes to the overall confidence in the Timerian economy.
Innovation and Technology
Timeria consistently ranks among the top innovative countries worldwide. San Loma, one of Timeria's leading technology centers, hosts a high concentration of tech companies and serves as a hub for cutting-edge research and development. The country's emphasis on technological advancements and innovation has propelled its economic growth and competitiveness on the global stage.
Manufacturing and Energy Production
The manufacturing industry in Timeria is highly advanced and plays a pivotal role in the country's economy. With a strong emphasis on technological integration, Timerian manufacturing companies contribute significantly to the nation's GDP. The sector encompasses a wide range of industries, including electronics, automobile manufacturing, pharmaceuticals, and more.
Timeria also boasts a thriving energy production sector. Timerian companies are actively involved in drilling oil reserves in the Albarine Sea, with subsequent refining taking place within the country. While Timeria does import some raw resources, it also extracts a substantial portion of its resources domestically, particularly in the western regions.
Private Sector and Government Regulation
The Timerian economy grants considerable economic freedom to the private sector, enabling it to make most economic decisions. However, private industries operate within a regulatory framework enforced by the government. The Timerian government plays a role in overseeing and ensuring that companies adhere to ethical and moral standards. This involvement aims to maintain a balance between economic growth and the well-being of society.
Small Businesses and Immigrants
Timeria prides itself on being home to over nine million small businesses. These enterprises form a vital part of the Timerian economy, contributing to job creation and economic development. Additionally, Timeria's openness to immigrants throughout its history has bolstered the growth and diversity of its economy. Immigrants have played a crucial role in various sectors, contributing their skills, expertise, and labor to the country's prosperity.
Natural Resources and Environmental Protection
Timeria is rich in natural resources, and their exploitation is conducted within the framework established by the Environmental Protection Agency. The country benefits from fertile farm soil and a tropical climate that supports agricultural activities. Timeria's commitment to sustainable practices and environmental preservation ensures the responsible use of resources, safeguarding the long-term health of the economy and the well-being of its citizens.