Economy of Littland

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Economy of Littland
Littland Kaslund.jpg
From top to bottom, left to right: Kaslund, Central Bank of Littland, Port of Aalhavn
CurrencyLittish daler (DAL)
Calendar year
Trade organisations


Developed/Advanced
High-income economy
Statistics
PopulationDecrease 21,254,000 (2022)
GDPSteady $438.09 billion (nominal, 2022)
GDP growth
1.6% (2020)
GDP per capita
Steady $19,800 (nominal, 2022)
GDP by sector
1.8% (2021)
Population below poverty line
Positive decrease 8.2% in poverty
Positive decrease 17.2% at risk of poverty or social exclusion
Negative increase 37.2 medium
Steady 0.768 high
Unemployment
  • Positive decrease 5.9%
  • Positive decrease 11.6% youth unemployment (15 to 25 year-olds)
Main industries
External
ExportsIncrease $165.2 billion (2021)
Export goods
  • iron and steel products
  • pharmaceuticals
  • machinery
  • meat products
  • foodstuffs
  • electronics
  • consumer goods
ImportsIncrease $149.7 billion (2021)
Import goods
  • machinery components
  • petroleum products
  • petroleum
  • chemicals
  • motor vehicles
  • plastics
  • semiconductors
  • consumer goods
Increase $15.5 billion (2021)
Public finances
  • Negative increase 32.8% of GDP (2021)
Foster & Ajax:
AA (Domestic)
A (Foreign)
Foreign reserves
$60.3 billion (2020)

All values, unless otherwise stated, are in US dollars.

The economy of Littland is a highly developed mixed social market economy.

Currency

The Littish currency is the Littish daler, which is valued at 4.71 DAL to 1 USD. The currency is sometimes referred to as the Littish dollar in some countries. Inflation has been fluctuating the past few decades, reaching its peak in 2003. The central bank, Littlands Nationalbank, has since then begun to relax certain rules on currency controls although the currency is not widely used internationally. Government intervention has also helped curb the inflation, which now sits at 1.8%. The currency inflation is at 3.06% as of 2021.

Natural resources

Agriculture sector

Agriculture accounted for 3.9% of the GDP in 2021, which along with the food industry made up about 8.5% of the labor force.

Industry sector

Service sector

Infrastructure

Transport

Littland has 52,135 km of roads and highways, the railway system is 7,685 km long and 5,488 km of it is electrified. Littland has direct road and railway connections to Walneria, Estimeria and Malskia. Along with its extensive land infrastructure, Littland has 4 major international airports, the largest being Kaslund International Airport, and 2 deep-water seaports, the largest being the Port of Aalhavn. The Port of Aalhavn had over 4,000,000 passengers pass through in 2019.

Utilities

Electricity and running water is widely available in Littland, with 99.9% of households having access to basic utilities. Piped gas is available to 86.7% of households. It is the responsibility of the municipalities to provide these services to the people. Additionally, the government offers subsidies to companies who wish to develop, water and sewage systems. Internet access was a problem in the early 2010's with only 46.8% of households having internet access (with 34% being broadband) in 2011, but recent developments has seen internet access soar to 94.7% (with 87% being broadband) in 2021.

External trade

Country Agreement Abbr. Effective
 Walneria Littland-Walnerian Economic Cooperation Agreement LWECA 1 January 2006
 Thransaltz Littland-Thransaltz Economic Cooperation Agreement LTECA 1 November 2010
 Estimeria Estimeria-Littland Free Trade Agreement ELFTA 1 March 2011
 Malskia Littland-Malskia Economic Prosperity Agreement LMEPA 1 September 2017
 Walneria Littland-Walnerian Deeper Economic Cooperation Agreement LWDECA 1 January 2019
 Thransaltz Littland-Thransaltz Deeper Economic Cooperation Agreement LTDECA 1 August 2019

Major companies

Largest companies

Image Name Industry Sector Revenue
(in Đ)
Headquarters Founded
Danfoss Hauptgebäude in Nordborg.jpg Fergo Industries Industrial Conglomerate 133.29 billion Klinstrup 1937
Saxo Bank HQ building.jpg Rislev Foods Food & Beverages billion Kaslund 1987
Kaslund Guldbrand Tower.jpg Guldbrand Group Retailing billion Kaslund 1971
Parsol HQ Kaslund.jpeg Parsol Pharmaceuticals billion Kaslund 1948

Notable companies

Name Industry Sector Headquarters Founded
Summarum Household Durables Klinstrup 1964
NordSoft Software & Services Rødskov 1979
Bravo Broadcasting Media & Entertainment Aalhavn 1993
OPA Media Media Kaslund 1982
Holst Premium Packaged Foods & Meats Frankerup 1948
Torcon Construction & Engineering Klinstrup 1946
TeleMax Telecommunication Services Gistrup 1978
Noxu Game Studios Software Halling 1992