Economy of Averius (Averius)

Economy of Third Empire of Averius

Currency	Averius Silver Dollar (A$)
Fiscal year	820
Statistics
GDP	A$73 billion
GDP growth	2%
GDP per capita	A$608
GDP by sector	34.25% Primary 14.38% Secondary 23.97% Tertiary 24.25% Quaternary 3.15% Trade
Inflation (CPI)	2%
Population below poverty line	0%
Labour force	96 million
Unemployment	0%
Average gross salary	G$6
Main industries	Oil, coal, electronics, agriculture, automobile
External
Exports	A$10 billion
Export goods	jewelry, cars, oil, coal, machinery
Imports	A$7.5 billion
Import goods	consumer goods, exotic foods, chemicals, rare-earth metals
Public finances
Public debt	A$0
Budget balance	A$700 million/year
Revenues	A$16.7 billion
Expenses	A$1.5 billion
Economic aid	A$1 billion
Credit rating	AAA (Stable)
Foreign reserves	A$0

The Third Empire of Averius is a wealthy country with vast natural resources and wealth. The economy grows at a rate of 2% per year with an inflation rate of 2% per year. The Third Empire of Averius uses the ideology of Monarcho-Capitalism.

History

First Empire Economics

The Economics of the First Empire was a feudal-based economy. The nobles held the political power, while the guilds held the economic power. The guilds were chartered by the local nobles.

Second Empire Economics

The Economics of the Second Empire of Averius was the start of Monarcho-Capitalism. The guilds were sold off and turned into private enterprises. The nobles lost their political power, but used their wealth to take advantage of the new capitalist society. This led to the businesses of the Empire to be largely owned by the nobility.

Primary Sector

The Primary sector is for resource extraction industries. The Primary Sector accounts for A$25 billion in economic output.

Agriculture

Agriculture is a major sector of the Empire with many agricultural products, including wheat, corn, cabbage, squash, watermelon, apples, raspberries, strawberries, and more. The Empire has 1,000,000 m² of farmland dedicated for food production. This allows the Empire to produce enough food to feed 500 million people. The economic output of food production is A$10 billion.

Seafood

Seafood is a major sector of the economy, with ships catching vast quantities of fish, crab, lobster, shrimp, and clams. The Seafood industry has an economic output of A$5 billion.

Wine

Wine is an important industry in the Empire, producing a wide variety and flavors of wine. The wine industry produces 1 billion Imperial Bottles (1 Liter bottles) for a total economic output of A$1 billion.

Beer

Beer is an important industry in the Empire, producing a wide variety and flavors of beer. The beer industry produces 40 billion Standard Bottles (0.5 Liter bottles) for a total economic output of A$2 billion.

Mining

Mining is a major sector of the Empire with the major minerals and metals being mined include large volumes of gold, silver, copper, lithium, silicon, mercury, lead, indium, iron, and aluminum. Other metals are mined but in smaller quantities. Mining produces an economic output of about A$2.5 billion

Oil Extraction

Oil extraction is a large industry in the Empire, though it is produced mainly for government and military use as well as for export.

The Empire extracts 1 billion barrels of crude oil. The Empire prices Crude oil at A$2 per barrel. The Empire does not sell crude oil, but rather, refines it.

Oil Refinery Products:

• Gasoline (45%): 450 million barrels
• Diesel Fuel (25%): 250 million barrels
• Jet Fuel (9%): 90 million barrels
• Asphalt (3%): 30 million barrels
• Distillate Oil (2%): 20 million barrels
• Residual Oil (2%): 20 million barrels
• LPG (4%): 40 million barrels
• Other Products (10%): 100 million barrels

Refined oil products are priced at A$2.5 on average. With 400 million barrels of gasoline reserved for export, the domestic output of the oil industry is A$1.5 billion.

Coal Mining

Oil mining is a large industry in the Empire, though it is produced mainly for power and heat generation as well as for export. The Empire mines about 600 million tons of coal per year at a price of about A$5 per ton. The economic output of coal mining is A$3 billion.

Secondary Sector

The Second sector is for manufacturing industries. The Secondary Sector accounts for A$10.5 billion in economic output.

Steel Manufacturing

Steel Manufacturing is a major industry in the Empire. 100 million tons of steel is produced on an annual basis. Steel prices are around A$10. Steel is produced in rolls, beams, and other forms and products for an economic output of A$1 billion.

Aluminum Manufacturing

Aluminum Manufacturing is a major industry in the Empire. 4 million tons of aluminum is produced on an annual basis. Aluminum prices are around A$50. Aluminum is produced in rolls, beams, and other forms and products for an economic output of A$200 million.

Electronics Manufacturing

Electronics manufacturing is a major industry in the Empire. This industry produces a wide variety of products including but not limited to computers, mobile phones, landline phones, microprocessors, electronics components, electrical cables, internet cables, phone lines, transmissions boxes, water meters, electrical meters, and control systems. Electronics manufacturing produces an economic output of A$2.5 billion.

Automobile Manufacturing

Automobile manufacturing is a major industry in the Empire. This industry produces cars, vans, trucks, SUVs, semitrucks, and other vehicles. About 10 million automobiles are produced every year. Automobile manufacturing produces an economic output of A$5 billion.

Ship Manufacturing

Ship manufacturing is a major industry in the Empire. This industry produces cargo ships.

Ship production includes one of each of the following ships per year:

• A-3 Class (12,000 TEU)
• A-2 Class (6,000 TEU)
• A-1 Class (3,000 TEU)
• B-3 Class (400,000 tons bulk)
• B-2 Class (200,000 tons bulk)
• B-1 Class (100,000 tons bulk)
• C-3 Class (400,000 tons coal)
• C-2 Class (200,000 tons coal)
• C-1 Class (100,000 tons coal)
• D-3 Class (4 million barrels)
• D-2 Class (2 million barrels)
• D-1 Class (1 million barrels)

About 12 ships are produced every year. Ship manufacturing produces an economic output of A$1.2 billion.

Aircraft Manufacturing

Aircraft manufacturing is a major industry in the Empire. This industry produces commercial aircraft and helicopters. About 50 aircraft and helicopters are produced every year. Aircraft manufacturing produces an economic output of A$300 million.

Textiles Industry

Textiles manufacturing is a major industry in the Empire. This industry produces clothing, shoes, and furniture. Textile manufacturing produces an economic output of A$300 million.

Tertiary Sector

The Tertiary sector is for service-related industries. The Tertiary Sector accounts for A$17.5 billion in economic output.

Retail

Retail is a very important sector of the economy. Retail account for an economic output of A$3 billion.

Healthcare

The Healthcare industry is a very important sector of the economy. Healthcare-related services account for an economic output of A$2.5 billion.

Utilities Services

Utilities services is a very important sector of the economy. Utilities services account for an economic output of A$2.5 billion.

Education Services

Education services is a very important sector of the economy. Education services account for an economic output of A$2 billion.

Public Transportation

Public Transportation is a very important sector of the economy. Public transportation accounts for an economic output of A$2 billion.

Mass Media

Mass Media is a very important sector of the economy. Mass Media includes televised, radio, film, newspaper, and social media. Utilities services account for an economic output of A$1.5 billion.

Telecommunications

Telecommunications services is a very important sector of the economy. Telecommunications services account for an economic output of A$1.5 billion.

Postal Services

Postal services is a very important sector of the economy. Postal services account for an economic output of A$1 billion.

Real-Estate

Real-estate services is a very important sector of the economy. Real-estate services account for an economic output of A$1 billion.

Legal Services

Legal services is a very important sector of the economy. Legal services account for an economic output of A$500 million.

Quaternary Sector

The Quaternary sector is for government-related expenditure. The Quaternary Sector accounts for A$17.7 billion in economic output.

State Taxes

The states of the Empire have a 5% property tax. There are 2,000,000 km² of private and semi-private land in the Empire. The average value of a hectare being A$100, means that, states get about A$1 billion in property taxes.

Imperial Taxes

The Empire has an income tax rate of 25%, generating an income of A$13.2 billion.

The Empire has a tertiary sales tax rate of 20%, generating an income of A$3.5 billion.

The Empire as a result has a total tax income of A$16.7 billion.

State Expenditures

Below is a list of State Expenditures, totaling A$1 billion:

• A$2.5 billion for Education
• A$200 million for General Governance
• A$1.5 billion for Business Subsidies and Regulation
• A$100 million for Road Infrastructure and Maintenance
• A$100 million for Law Enforcement
• A$100 million for Facilities Management
• A$100 million for Other Expenditures

Military

For more information, see Averius Armed Forces

The Averius Armed forces has a budget of A$7.5 billion. Of the budget, the following budgetary allotments are designated:

• A$500 million for Payroll and Equipment.
• A$2.5 billion for Branch-Specific Upkeep and Maintenance.
  • A$500 million for Army Upkeep and Maintenance.
  • A$500 million for Navy Upkeep and Maintenance.
  • A$500 million for Coast Guard Upkeep and Maintenance.
  • A$500 million for Air Force Upkeep and Maintenance.
  • A$500 million for Minutemen Upkeep and Maintenance.
• A$1 billion for Defensive Upkeep and Maintenance.
  • A$500 million for Defensive Line Upkeep and Maintenance.
  • A$500 million for Military Base Upkeep and Maintenance.
• A$500 million for Fuel Purchases.
  • 150 million barrels of Diesel Fuel
  • 50 million barrels of Jet Fuel
• A$1.5 billion Non-Vehicle Procurement.
  • A$500 million for Missiles (Bombs, Missiles, and Torpedoes) Procurement.
  • A$400 million for Small Arms Procurement.
  • A$300 million for Ammunition (Bullets and Shell) Procurement.
  • A$200 million for Unspecified Procurement.
  • A$100 million for Small Explosives (Mines, Grenades, and RPG) Procurement.
• A$1.5 billion for Vehicle Procurement.
  • A$500 million for Aircraft Procurement.
  • A$500 million for Naval Ship Procurement.
  • A$500 million for Army Vehicle Procurement.

Ministry Budgets

For more information, see Averius Government

The Imperial Ministries has a budget of A$7.5 billion. Of the budget, the following budgetary allotments are designated:

• A$1 billion for the Ministry of Imperial Management
• A$900 million for the Ministry of Education
• A$500 million for the Ministry of Nobility
• A$300 million for each of the other 17 ministries.

Exports and Imports

The Empire has a net trade balance of A$2.3 billion flowing into the economy.

Exports

Averius exports about A$9.8 billion in products.

Imports

Averius imports about A$7.5 billion in products.