Economy of Esthursia

Economy of the Union of Esthursia

Brough of Weskerby, the financial centre of Esthursia
Currency	Arian shilling (EAS, ʃ)
Fiscal year	1 February - 31 January
Trade organisations	IEF and UAS
Statistics
Population	141,805,639 (January 2022)
GDP	6.512 trillion IBU (nominal; Q1 2022 est.) 8.068 trillion IBU (PPP; Q1 2022 est.)
GDP growth	0.3% (2017) 2.6% (2018) 3.4% (2019) 3.1% (2020) 2.4% (2021) 4.4% (2022e) 5.8% (2023e) 3.5% (2024e) 3.3% (2025e)
GDP per capita	$45,925 (nominal; Q1 2022 est.) $56,896 (PPP; 2022 est.)
GDP by sector	agriculture: 0.8% industry: 18.4% services: 80.8% (2021 est.)
Inflation (CPI)	3.0% (August 2022)
Base borrowing rate	2.2%
Population below poverty line	7% in poverty (2018) 5.5% at risk of poverty or social exclusion (INS, 2022)
Gini coefficient	24.7 low (INS, 2022)
Human Development Index	0.947 very high (HDI, 2022) 0.903 very high (IHDI, 2022)
Labour force	76,171,270 (2022) 77.0% employment rate (2022)
Labour force by occupation	agriculture: 1.9% industry: 19% services: 79.1% (2018 est.)
Unemployment	2.9% (Q2 2022) 17.7% youth unemployment (15 to 24 year-olds; Q4 2021)
Average gross salary	ʃ491 / $773 weekly median (2021)
Main industries	List Aerospace Adminstrative and legal services Agriculture Automotives Chemicals Construction Consumer goods Defence equipment Education Electronics Energy Financial services Food and beverages Healthcare Hospitality and leisure Industrial equipment Information technology Media Pharmaceuticals and biotechnology Real estate Research and development Retailing Scientific equipment Telecommunications Tourism Transportation and logistics Utilities
Ease-of-doing-business rank	(Very easy, 2020)
External
Exports	$n billion (2021 est.)
Export goods	Manufactured goods energy pharmaceuticals chemicals beverages
Imports	~$n billion (2021 est.)
Import goods	Manufactured goods machinery defence equipment foodstuffs
FDI stock	Inward: ~$0.8n2 trillion (2020) Outward: $n2 trillion (2020)
Current account	$11.8 billion (2022)
Gross external debt	$2.019 trillion (2021)
Net international investment position	+$1.209 billion (2021)
Public finances
Public debt	29.8% of GDP (Q3 2022) $1.941 trillion (Q3 2022) 31.4% of GDP (Q3 2021) $1.997 trillion (Q3 2021)
Budget balance	$77 billion surplus (2022) 1.2% of GDP (2022) $46 billion deficit (2021) −0.7% of GDP (2021)
Revenues	49.1% of GDP (2022)
Expenses	47.9% of GDP (2022)
Economic aid	$71 billion (2017)
Credit rating	Harper and Harper: AA+ (Domestic) AAA (Foreign) AAA (T&C Assessment) Outlook: Stable Westman's: Aa1 (Stable) Northway Group: AA+ (Positive) Establishers: AAA (Stable)
Foreign reserves	$471.8 billion (31 January 2021)
Main data source: CIA World Fact Book All values, unless otherwise stated, are in US dollars.

The economy of Esthursia is a highly industrialised, mixed economy with a high degree of welfare and government intervention. The largest sector of Finland's economy is services at 80.8 percent, followed by manufacturing at 18.4 percent. Primary production - centrally agriculture - is 0.8 percent. Esthursia's economy has low levels of relative poverty and inequality, a large proportion in government spending of GDP, and extensive universal provision of utilities, such as education, healthcare, energy, water and housing.

With respect to foreign trade, the key economic sectors are manufacturing, healthcare, education and energy. The largest industry by far is healthcare, followed by energy. Esthursia has extensive geothermal and tidal energy reserves, and exports nearly half of the energy it produces. The agricultural sector is particularly reliant on government intervention, although healthcare also remains primarily nationalised and centralised. The metropolitan areas of Brantley and Weskerby generate around a third of Esthursia's GDP. Finance also remains key to the Esthursian economy, although is diminishing as a proportion of the economy - particularly during the 2009-11 economic crisis - while remaining central in the city and capital of Weskerby.

High-technology manufacturing in Esthursia ranks particularly highly, meanwhile - due to high levels of investment out of Esthursia while inward investment is low - Esthursia remains a creditor nation. Short-term outlooks for the Esthursian economy remain bullish due to an extensive infrastructure and welfare programme aimed at redistribution, although domestic credit scores have been destabilised due to this. Esthursia has one of the largest information sectors, and its healthcare sector is by far the largest employer, followed by the education, finance and construction sectors.

Esthursia has not typically been heavily integrated with the world economy, however its recent entrance into the FSO, and increased participation in the global economy have increased trade markedly. Trade with the rest of the Union of Aurorian States represents over half of the country's total trade. Trade policy remains mainly under the jurisdiction of the Esthursian government. Esthursia has operated under its "arian shilling" since the Union's founding in 1508, and in totality since 1588, which remains independent and partially managed.