Economy of Vinalia
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 Orlavo's business centre, Vinalia's largest city and one of several economic hubs across the country. | |
| Currency | Vinalian Zolota (VNZ; Z) |
|---|---|
| Calendar year | |
Trade organisations | ITO |
| Statistics | |
| Population |  25,878,816 (2020) |
| GDP | $269.66 billion (nominal, 2020 est.) $593.25 billion (PPP, 2020 est.) |
| GDP rank | 49th (nominal, 2020) 39th (PPP, 2020) |
GDP growth |
|
GDP per capita | $10,420 (nominal, 2020 est.) $22,924 (PPP, 2020 est.) |
GDP per capita rank | 41st (nominal, 2020) 33rd (PPP, 2020) |
GDP by sector | agriculture: 16.5% industry: 33.5% services: 50% (2018 est.) |
| 2.3% (2020 est.) 2.5% (2019) 2.4% (2018) | |
Population below poverty line |  22.6% (2018) 19.9% at risk of poverty |
| 27.3 Low (2017) | |
| 0.76714 high (2020) 0.7618 high IHDI (2018) | |
Labour force | 17,309,792 (2020)(60.7% employment rate; 2019) |
Labour force by occupation | agriculture: 20.4 industry: 28.5% services: 51.1% (2020) |
| Unemployment | 3.7% (2019) |
Average gross salary | Z3,102 / €600.00 / $669.98 monthly (2018 est.) |
| Z2,699 / €522.00 / $582.88 monthly (2018 est.) | |
Main industries | |
| External | |
| Exports | $76.313 billion (2020) |
Export goods | Petroleum, natural gas, coffee, sugar petrochemicals, metals, uranium, electronics, foodstuffs, vehicles and aircraft |
Main export partners |
|
| Imports | $54.2 billion (2020) |
Import goods | Machinery, plastic, pharmaceuticals, vehicles, electronics, consumer goods, metal alloys |
Main import partners |
|
FDI stock | $102.4 billion (2017 est.) |
| $22.112 billion (2020) | |
Gross external debt | $88.4 billion (2019 est.) |
| Public finances | |
| 29.6% of GDP (2019) | |
| -0.8% of GDP (2020) | |
| Revenues | $28.876 billion(2017 est.) |
| Expenses | $42.1 billion (2017 est.) |
| FitzAllen & Kings: B+ (domestic) B- (foreign) Outlook: Stable | |
Foreign reserves | $119.0 billion (2018 est.) |
The economy of Vinalia is a Developing/Emerging Upper-middle income economy. It is the 49th largest world economy by nominal GDP, and the 39th largest by Purchasing Power Parity. It is the smallest economy in Asteria Superior.
Trade
Vinalia is an export-oriented economy. Vinalias economy has focused historically on the export of products. Vinalias start as a plantation colony focused in exporting agricultural goods such as, Sugar cane, Tobacco, Cotton, among others has made exportation the primary driver of economical development in the country. Following reunification Vinalian exportation increased fivefold, as the country experienced an explosion in demand for Vinalian products. Stability in the country allowed it to establish itself as an important player in key sectors. Vinalian Agricultural products represent almost half of all exports.
Vinalias largest trading partner is Chistovodia, with whom a total of 34.818 billion dollars are traded each year, accounting for 27% of all trade, being the countries largest exporter and importer. Vinalia exports twice as much as it imports from its northern neighbor, with Vinalian agricultural goods, electronics, textiles being exported, while consumer goods, energy, and chemicals are imported. Trade between both borders additionally includes the illegal smuggling of goods, mostly consumer products into Chistovodia. Vinalias trade relationship with Chistovodia is favored by good trade deals between both countries.
Soravia represents Vinalias 2nd largest trading partner with a total of 15.649 billion dollars are traded each year, accounting for 12% of its trade, its the countries 4th largest export partner and 2nd largest importer. Vinalia imports more from Soravia than it exports a trend that has existed since 2017, with Vinalian agricultural goods, minerals, and textiles being exported, while consumer goods, petrochemicals, and military equipment are imported. Vinalia an exporter of petrochemicals itself, buys cheap and accessible oil from Soravia, with Soravian petrochemicals representing 70% of all Vinalian imported oil.
Ardesia is the 3rd largest trade partner of Vinalia, with whom a total of 14 billion dollars are traded each year, accounting for 11% of its trade, its the countries 2nd largest export partner and 8th largest importer. Vinalia exports to Ardesia than it imports, with Vinalian automobiles, petrochemicals, electronics being exported, while agricultural goods, consumer goods, and minerals are imported.
Senria and Ansan represent Vinalias 4th and 5th largest trading partners, with whom a total of 25.128 billion dollars are traded each year, accounting for 19% of its trade, 10% with Senria, and 9% with Ansan. Senria and Ansan represent Vinalias 5th and 3rd largest export partners, and 3rd and 5th import partners respectively. Vinalia exports more to Ansan while importing more from Senria. Vinalian exports to both countries consist mainly of petrochemicals, textiles, and agricultural goods, while it imports mainly electronics, machinery, and consumer goods. Senrian imports have increased considerably in the last 3 years, as Vinalian importation of Senrian electronics has increased greatly.
Export
Primary items of export are Agricultural goods, such as Sugarcane, Coffee, Avocados, petrochemicals, automobiles, consumer goods, and textiles.
| Country | Billions of dollars | % |
|---|---|---|
 Chistovodia
|
22.894 | 30 |
 Ardesia
|
10.379 | 13.6 |
 Ansan
|
7.173 | 9.4 |
 Soravia
|
6.868 | 9 |
 Senria
|
6.410 | 8.4 |
 Euclean Community
|
4.350 | 5.7 |
 Rizealand
|
3.587 | 4.7 |
| File:Eldmark.png Eldmark | 3.052 | 4 |
| Other | 11.600 | 15.2 |
| Total | 76.314 | 100 |
Import
Primary items of import are consumer goods, electronics, petrochemicals, manufactured goods.
| Country | Billions of dollars | % |
|---|---|---|
| Chistovodia
|
11.924 | 22 |
| Soravia
|
8.781 | 16.2 |
| Senria
|
7.046 | 13 |
| Euclean Community
|
5.312 | 9.8 |
| Ansan
|
4.499 | 8.3 |
 Marchenia
|
4.336 | 8 |
| Ardesia
|
3.631 | 6.7 |
 Shangea
|
3.469 | 6.4 |
| Other | 5.203 | 9.6 |
| Total | 54.202 | 100 |
Sectors
Finance
Banking
The Vinalian banking sector is regulated by the Central Bank of Vinalia which is governed by a board of governors appointed by the Minister-President, and the Treasury. Currently the head of the board is Pylyp Krika. Vinalia has enjoyed a general growth in its financial sector since reunification, along with the rest of the economy, at the time of reunification close to 28 banks operated in South Vinalia, while only 3 banks existed in North Vinalia all government owned. Vinalia sought to establish Commercial banks, and numerous private banks were opened in the country, while the government combined most government owned banks into a single central bank, and gave favorable support to national banks. Soravian financial firms became heavily involved in the country, establishing local subsidiaries. Community run, agricultural banks provided cheap accessible loans primarily to small farmers, to develop crops, government injection of capital into these banks has allowed numerous to become profit driven ventures, while many provide accessible credit to farmers, and small business owners. Today close to 300 banks exist in the country many of them foreign.
The Imaguan based Bank of the Orient, was involved in a major corruption scandal in 2020, leading to Vinalian police raiding banks across the country.
| Rank | Bank name | Country | Total assets (billions of Z) | Branches in the country |
|---|---|---|---|---|
| 1 | Agricultural Bank of Vinalia |  Vinalia
|
Z530,314 | 3,931 |
| 2 | Industrial Bank | Vinalia
|
Z510,267 | 2,462 |
| 3 | Soravian Bank #1 | Soravia
|
Z474,31 | 2,611 |
| 4 | Export-Import Bank of Vinalia | Vinalia
|
Z452,737 | 96 |
| 5 | Lion Bank | Vinalia
|
Z401,571 | 1,962 |
| 6 | Soravian Bank #2 | Soravia
|
Z356,140 | 711 |
| 7 | Bank of the Farmer | Vinalia
|
Z310,648 | 638 |
| 8 | Vinalian Bank of the Asterias | Vinalia
|
Z301,527 | 891 |
| 9 | Ardesian Bank #1 |  Ardesia
|
Z285,262 | 468 |
| 10 | Bank of Velkarichka | Vinalia
|
Z247,883 | 746 |
Securities
Vinalia has a single securities market, the Vinalian Stock Exchange (Віналінська фондова біржа ; Vinalinsʹka Fondova Birzha) in Velkarichka. The market has grown steadily, with its main indices increasing by more than 300% in the last decade, as foreign companies have begun making business in the Vinalian exchange. Although growing steadily in recent years, it still remains relatively unimportant in the Asterias. Most companies in the exchange are Vinalian companies, with foreign companies attracted to the country, do to favorable trading conditions between Vinalia and Chistovodia and the possibility of accessing that market. Major traders in the exchange include the Vinalian government through its numerous government owned companies including Voliya Oil (70% state owned), and the Vinalian Electricity Company (90% state owned), which are among the most important traders in the exchange. Other companies such as Red Coast Vinalias largest auto manufacturer, Velga Group Vinalias largest retailer, Quetzal Group the countries largest Agricultural group, and Norinko Vinalias largest electronics manufacturer.
Vinalia is set to open another stock exchange in 2024 when it will open the Vinalinsk Stock Exchange.
