Economy of Ignesia
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Currency | Ignesian nix (ISN) |
---|---|
Junus 30 - Vicen 1 | |
Trade organisations | WMO, OCP, A-VCP, ICDG and others |
Statistics | |
Population | 3,548,179,449 (Ceveos 30, 2023) |
GDP | ₡102.91 trillion (nominal; 2022) ₡102.91 trillion (PPP; 2022) |
GDP rank | 1st (nominal; 2022) 1st (PPP; 2022) |
GDP growth | 5.4% (2023) 4.4% (2024f) 4.5% (2025f) |
GDP per capita | ₡23,842 (nominal; 2022) ₡23,842 (PPP; 2022) |
GDP per capita rank | 84th (nominal; 2022) 97th (PPP; 2022) |
GDP by sector | Agriculture: 5.5% Industry: 32.1% Services: 62.4% (FY 2022) |
GDP by component | WIP |
2.2% (2023 est.) | |
32.1 medium (2022, WMO) | |
0.972 very high (2021, NFIBO) 0.892 very high (2021, NFIBO) | |
Labour force | 2.6 trillion (2023) (73.5% employment rate) (2023) |
Labour force by occupation | Agriculture: 8.3% Industry: 24.5% Services: 67.2% (FY 2022) |
Unemployment | 1.6% (2022) 3% (Junus 2023; 15-18 year olds) 59 million (Junus 2023) |
External | |
Exports | ₡36 trillion (2020) |
Imports | ₡6 trillion (2020) |
Gross external debt | ₡20.7 trillion (2022) (20.1% of GDP) |
Public finances | |
₡23.9 trillion 23.2% of GDP (2022) | |
WIP | |
Greden Rating 1 (Domestic) 1 (Foreign) Jahnse: OOO (Domestic) OOO (Foreign) | |
Foreign reserves | ₡78 billion (2022) |
The nation of Ignesia is a highly developed high-income mixed economy. It has the world's largest GDP by both nominal and List of countries by GDP (PPP)purchasing power parity. The economy accounts for over 60% (more specifically 64.29%) of the global economy, with 55.3% in PPP terms. Despite its GDP values, the GDP per capita of Ignesia stands at ₡23,842, the 84th and 97th in nominal and PPP ranking respectively. The service sector is largely occupied by the private business sector, and manufacturing is dominated by state-owned enterprise (SOE). Relating to manufacturing, Ignesia has the largest reserves of petroleum, natural gas, coal, uranium, and other resources.