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{{Region icon Eurth}}
{{Infobox economy
{{Infobox economy
| country = Littland
| country = Littland
| image = [[File:Littland Kaslund.jpg|285px|link=Kaslund]]<br/><gallery mode=packed heights=80 style="margin:0;">
| image = [[File:Hauptwache_Frankfurt_am_Main.jpg|285px|link=Kaslund]]
File:Littlands Nationalbank.jpg|link=Littlands Nationalbank
| caption = Innovation Square in [[Halling]]
File:Littland Aalhavn Port.jpg|link=Port of Aalhavn
| currency = [[Littish daler]] (DAL, Đ)
</gallery>
| organs = [[Argis Economic Cooperation Organization|AECO]], {{wpl|World Trade Organization|WTO}}<br/><br/>{{wp|Developed country|Developed/Advanced}}<br/>{{wp|World Bank high-income economy|High-income economy}}
| caption = From top to bottom, left to right: [[Kaslund]], [[Littlands Nationalbank|Central Bank of Littland]], [[Port of Aalhavn]]
| population = {{decrease}} 21,254,000 (2021)
| currency = [[Littish daler]] (DAL)
| gdp = {{increase}} 420.83 billion [[wikipedia:International dollar|{{Hover title|dotted=no|International Solidus|Int$}}]] (nominal, 2022)
| year = Calendar year
| growth = 1.9% (2022)
| organs = <br/><br/>{{wp|Developed country|Developed/Advanced}}<br/>{{wp|World Bank high-income economy|High-income economy}}
| per capita = {{increase}} 19,800 [[wikipedia:International dollar|{{Hover title|dotted=no|International Solidus|Int$}}]] (nominal, 2022)
| population = {{decrease}} 21,254,000 (2022)
| gdp = {{steady}} $438.09 billion (nominal, 2022)
| growth = 1.6% (2020)
| per capita = {{steady}} $19,800 (nominal, 2022)
| sectors = {{plainlist|
| sectors = {{plainlist|
*{{wp|Primary sector of the economy|agriculture}}: 3.9%
*{{wp|Primary sector of the economy|agriculture}}: 2.7%
*{{wp|Secondary sector of the economy|industry}}: 31.3%
*{{wp|Secondary sector of the economy|industry}}: 37.5%
*{{wp|Tertiary sector of the economy|services}}: 64.8%
*{{wp|Tertiary sector of the economy|services}}: 59.8%
}}
}}
| inflation = 1.8% (2021)
| inflation = {{steady}} 3.6% (2022)
| poverty = {{decreasePositive}} 8.2% in poverty<br/>{{decreasePositive}} 17.2% at risk of poverty or social exclusion
| poverty = {{decreasePositive}} 11.2% in poverty<br/>{{decreasePositive}} 17.2% at risk of poverty or social exclusion
| gini = {{increaseNegative}} 37.2 {{color|orange|medium}}
| gini = {{increaseNegative}} 39.6 {{color|orange|medium}}
| hdi = {{steady}} 0.768 {{color|green|high}}
| hdi = {{steady}} 0.768 {{color|green|high}}
| unemployment = {{plainlist|
| unemployment = {{plainlist|
*{{decreasePositive}} 5.9%  
*{{decreasePositive}} 4.9%  
*{{decreasePositive}} 11.6% youth unemployment (15 to 25 year-olds)
*{{decreasePositive}} 11.6% youth unemployment (15 to 25 year-olds)
}}
}}
| industries = {{hlist|{{wpl|Iron}}|{{wpl|Steel}}|{{wpl|Food Processing}}|{{wpl|Electronics}}|{{wpl|Machinery}}|{{wpl|Pharmaceuticals}}|{{wpl|Information Technology}}|{{wpl|Transport industry|Transportation and Logistics}}}}
| industries = {{hlist|{{wpl|machine tools}}|{{wpl|Metal fabrication|fabricated metals}}|{{wpl|electronics}}|{{wpl|construction materials}}|{{wpl|coal|mining coal}}|{{wpl|food processing}}|{{wpl|engineering}}|{{wpl|chemical substance|chemicals}}|{{wpl|food}} and {{wpl|beverages}}}}
| exports = {{increase}} $165.2 billion (2021)
| exports = {{increase}} 116.4 billion [[wikipedia:International dollar|{{Hover title|dotted=no|International Solidus|Int$}}]] (2022)
| export-goods = {{hlist|iron and steel products|pharmaceuticals|machinery|meat products|foodstuffs|electronics|consumer goods}}
| export-goods = {{hlist|TBD}}
| export-partners =  
| export-partners =  
| imports = {{increase}} $149.7 billion (2021)
| imports = {{increaseNegative}} 88.3 billion [[wikipedia:International dollar|{{Hover title|dotted=no|International Solidus|Int$}}]] (2022)
| import-goods = {{hlist|machinery components|petroleum products|petroleum|chemicals|motor vehicles|plastics|semiconductors|consumer goods}}
| import-goods = {{hlist|TBD}}
| import-partners =  
| import-partners =  
| current account = {{increase}} $15.5 billion (2021)
| current account = {{increase}} 28.1 billion [[wikipedia:International dollar|{{Hover title|dotted=no|International Solidus|Int$}}]] (2022)
| debt = {{plainlist|
| debt = {{increaseNegative}} 58.11% of GDP (2022)
*{{increaseNegative}} 32.8% of GDP (2021)
}}
| credit = [[Foster & Ajax]]:<br/>AA (Domestic)<br/>A (Foreign)
| credit = [[Foster & Ajax]]:<br/>AA (Domestic)<br/>A (Foreign)
|reserves = $60.3 billion (2020)
| reserves = $60.3 billion (2020)
}}
}}
The '''economy of [[Littland]]''' is a highly developed mixed social market economy.  
The '''economy of Littland''' is a {{wpl|developed country|developed}} {{wpl|mixed economy|mixed}} {{wpl|social market economy}} based in manufacturing and services that provide a high standard of living and quality of life. The economy is largely based on the {{wpl|service sector}} with almost 60% of all jobs being in service, manufacturing still plays a large role in the economy at 37% while under 3% belong to agricultural production. Littland uses its own currency, the [[Littish daler]]. The inequality of the country has been increasing over the past three decades after a considerable [[1991 Littish economic crisis|economic crisis in the early 1990's]]. This has been attributed to economic policies favoring exports and a lack of investments into {{wpl|Small and medium-sized enterprises|small and medium sized businesses}} by the government.  


==Currency==
[[Kaslund]] is the financial capital of Littland. The capital of significant economic hub and it is the primary city for business accounting for almost 30% of the national income in 2020. The city is also a hub for startup companies. [[Halling]] is considered a {{wpl|List of technology centers|techonology center}} and the 'digital capital' of the country, with major tech companies such as [[NordSoft]], [[Noxu Game Studios]] and [[TeleMax]] located in the city. [[Aalhavn]] and [[Klintrup]] are the two largest coastal cities in the country, located on the [[Amber Lake]], and as such serve as major transporting hubs. The [[Port of Aalhavn]] processed 16.8 million tonnes cargo in 2016.
{{Main|Littish daler}}
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==
==History==
===Industrialization===




==Agriculture sector==
===Tailwind Era===
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.
The years from 1954 to 1991 are called the Tailwind Years ({{wpl|Danish language|Littish}}: ''Medvindsårene'', {{wpl|Frisian language|Ruvian}}: ''Foarspoedtiid'').


==Industry sector==
===Economic Crisis===
{{Main|1991 Littish economic crisis}}




==Service sector==
===Economy since 2010===


==Currency==
{{Main|Littish daler}}
The Littish currency is the [[Littish daler]], which is valued at 7.25 DAL to 1 [[wikipedia:International dollar|Int$]] (2021). 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.
==Sectors==
===Manufacturing===
===Mining===
===Energy===
===Agriculture===
===Service industry===


==Infrastructure==
==Infrastructure==
===Transport===
===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.  
Along with its extensive land infrastructure, Littland has 4 major international airports, the largest being [[Kaslund International Airport]]. The largest seaport in Littland is the [[Port of Aalhavn]] which had over 4,000,000 passengers pass through in 2019.  


===Utilities===
===Utilities===
Electricity and running water is widely available in Littland, with every household 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==
 
{| class="wikitable"
==Foreign trade==
Neighboring [[Malskia]] is Littlands largest trading partner.
 
{| class="wikitable sortable" style="text-align:right;"
|+Top trading partners for Littland (2021)
|-
|-
!Country
! Rank !! Country !! Total trade<br/>(millions Int$)
!Agreement
!Abbr.
!Effective
|-
|-
| {{flag|Walneria}}
|1 || style="text-align:left;"| {{flagicon|AECO}}{{flag|Malskia}} || TBD
| Littland-Walnerian Economic Cooperation Agreement
| LWECA
| 1 January 2006
|-
|-
| {{flag|Thransaltz}}
|2 || style="text-align:left;"| {{flagicon|AECO}}{{flag|Walneria}} || TBD
| Littland-Thransaltz Economic Cooperation Agreement
| LTECA
| 1 November 2010
|-
|-
| {{flag|Estimeria}}
|3 || style="text-align:left;"| [[File:Flag_of_Volhynia_.png|23px]] [[Volhynia]] || TBD
| Estimeria-Littland Free Trade Agreement
|-
| ELFTA
|4 || style="text-align:left;"| {{flagicon|AECO}}{{flag|Lusuviya}} || TBD
| 1 March 2011
|-
|-
| {{flag|Malskia}}
|5 || style="text-align:left;"| {{flagicon|AECO}}{{flag|Dazhdinia}} || TBD
| Littland-Malskia Economic Prosperity Agreement
| LMEPA
| 1 September 2017
|-
|-
| {{flag|Walneria}}
!— || style="text-align:left;"| '''Others''' || '''87,527'''
| Littland-Walnerian Deeper Economic Cooperation Agreement
| LWDECA
| 1 January 2019
|-
|-
| {{flag|Thransaltz}}
!— || style="text-align:left;"| '''Total''' || '''204,736'''
| Littland-Thransaltz Deeper Economic Cooperation Agreement
| LTDECA
| 1 August 2019
|-
|
|  
|  
|  
|}
|}
==Major companies==
==Companies==
===Largest companies===
{| class="wikitable sortable"
{| class="wikitable sortable"
|-
|+Largest companies
|-
|-
!Image
!Image
!Name
!Name
!Industry Sector
!Industry Sector
!Revenue<br/>(in [[Littish daler|Đ]])
!Revenue<br/>(in [[wikipedia:International dollar|{{Hover title|dotted=no|International Solidus|Int$}}]])
!Headquarters
!Headquarters
!Founded
!Founded
|-
|-
| [[File:Danfoss_Hauptgebäude_in_Nordborg.jpg|116px|link=Fergo Industries]]
| [[File:Danfoss_Hauptgebäude_in_Nordborg.jpg|116px|link=Aulum Industries]]
| [[Fergo Industries]]
| [[Aulum Industries]]
| Industrial Conglomerate
| Industrial Conglomerate
| align="center" |133.29 billion
| align="center" | TBD
| [[Klinstrup]]
| [[Klinstrup]]
| 1937
| 1888
|-
| [[File:Saxo_Bank_HQ_building.jpg|116px|link=Rislev Foods]]
| [[Rislev Foods]]
| Food & Beverages
| align="center" |  billion
| [[Kaslund]]
| 1987
|-
|-
| [[File:Kaslund Guldbrand Tower.jpg|116px|link=Guldbrand Group]]
| [[File:Saxo_Bank_HQ_building.jpg|116px|link=Guldbrand Group]]
| [[Guldbrand Group]]
| [[Guldbrand Group]]
| Retailing
| Retailing<br/>Consumer Staples
| align="center" | billion
| align="center" | TBD
| [[Kaslund]]
| 1971
|-
| [[File:Parsol HQ Kaslund.jpeg|116px|link=Parsol]]
| [[Parsol]]
| Pharmaceuticals
| align="center" |  billion
| [[Kaslund]]
| [[Kaslund]]
| 1948
| 1952
|-
|}
===Notable companies===
{| class="wikitable sortable"
|-
!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
|-
|-
|}
|}
{{Company-list table start}}
{{Company-list table entry | [[Bravo Broadcasting]] | Consumer services  | Broadcasting | [[Aalhavn]] | 1993 | Television and entertainment producer }}
{{Company-list table entry | [[Holst Premium]]      | Consumer goods    | Food products | [[Frankerup]] | 1922 | Renowned meat producer }}
{{Company-list table entry | [[Kollund Insurance]]  | Financials        | Insurance & Banking | [[Halling]] | 1901 | Private insurance, defunct 1991 | defunct=y }}
{{Company-list table entry | [[Lindenkrone]]        | Consumer goods    | Brewers | [[Kaslund]] | 1811 | Alcoholic drinks }}
{{Company-list table entry | [[Littish Airlines]]  | Consumer services  | Airlines | [[Kaslund]] | 1941 | State-owned national airlines | state=y }}
{{Company-list table entry | [[Littish Railways]]  | Consumer services  | Railroads | [[Kaslund]] | 1914 | State-operated railways | state=y }}
{{Company-list table entry | [[MicroMachine]]      | Technology        | Software | [[Halling]] | 2016 | Simulation software }}
{{Company-list table entry | [[Littish National Television Service|NFS]] | Media Services | Media | [[Kaslund]] | 1922 | Public service media | state=y }}
{{Company-list table entry | [[NordSoft]]          | Technology        | Software & Services | [[Rødskov]] | 1979 | Software developer }}
{{Company-list table entry | [[Noxu Game Studios]]  | Technology        | Software & Services | [[Halling]] | 1992 | Famous videogame developer }}
{{Company-list table entry | [[OPA Media]]          | Consumer services  | Publishing | [[Kaslund]] | 1982 | Newspaper and media conglomerate }}
{{Company-list table entry | [[Parsol]]            | Health care        | Pharmaceuticals | [[Kaslund]] | 1948 | Large pharmaceutical exporter}}
{{Company-list table entry | [[Summarum]]          | Consumer goods    | Consumer electronics | [[Klinstrup]] | 1929 | Manufacturer of household electronics }}
{{Company-list table entry | [[TeleMax]]            | Telecommunications | Mobile Telecommunications | [[Gistrup]] | 1972 | Telephone provider }}
{{Company-list table entry | [[Torcon]]            | Industrials        | Construction & Engineering | [[Klinstrup]] | 1930 | Award-winning construction company }}
{{Company-list table end}}


==References==
{{reflist}}
{{Template:Littland Navbox}}
{{Template:Littland Navbox}}
[[Category:Littland]]
{{Eurth}}

Latest revision as of 11:22, 26 December 2022

Economy of Littland
Hauptwache Frankfurt am Main.jpg
Innovation Square in Halling
CurrencyLittish daler (DAL, Đ)
Trade organisations
AECO, WTO

Developed/Advanced
High-income economy
Statistics
PopulationDecrease 21,254,000 (2021)
GDPIncrease 420.83 billion Int$ (nominal, 2022)
GDP growth
1.9% (2022)
GDP per capita
Increase 19,800 Int$ (nominal, 2022)
GDP by sector
Steady 3.6% (2022)
Population below poverty line
Positive decrease 11.2% in poverty
Positive decrease 17.2% at risk of poverty or social exclusion
Negative increase 39.6 medium
Steady 0.768 high
Unemployment
  • Positive decrease 4.9%
  • Positive decrease 11.6% youth unemployment (15 to 25 year-olds)
Main industries
External
ExportsIncrease 116.4 billion Int$ (2022)
Export goods
  • TBD
ImportsNegative increase 88.3 billion Int$ (2022)
Import goods
  • TBD
Increase 28.1 billion Int$ (2022)
Public finances
Negative increase 58.11% of GDP (2022)
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 developed mixed social market economy based in manufacturing and services that provide a high standard of living and quality of life. The economy is largely based on the service sector with almost 60% of all jobs being in service, manufacturing still plays a large role in the economy at 37% while under 3% belong to agricultural production. Littland uses its own currency, the Littish daler. The inequality of the country has been increasing over the past three decades after a considerable economic crisis in the early 1990's. This has been attributed to economic policies favoring exports and a lack of investments into small and medium sized businesses by the government.

Kaslund is the financial capital of Littland. The capital of significant economic hub and it is the primary city for business accounting for almost 30% of the national income in 2020. The city is also a hub for startup companies. Halling is considered a techonology center and the 'digital capital' of the country, with major tech companies such as NordSoft, Noxu Game Studios and TeleMax located in the city. Aalhavn and Klintrup are the two largest coastal cities in the country, located on the Amber Lake, and as such serve as major transporting hubs. The Port of Aalhavn processed 16.8 million tonnes cargo in 2016.

History

Industrialization

Tailwind Era

The years from 1954 to 1991 are called the Tailwind Years (Littish: Medvindsårene, Ruvian: Foarspoedtiid).

Economic Crisis

Main article: 1991 Littish economic crisis


Economy since 2010

Currency

Main article: Littish daler

The Littish currency is the Littish daler, which is valued at 7.25 DAL to 1 Int$ (2021). 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.

Sectors

Manufacturing

Mining

Energy

Agriculture

Service industry

Infrastructure

Transport

Along with its extensive land infrastructure, Littland has 4 major international airports, the largest being Kaslund International Airport. The largest seaport in Littland is the Port of Aalhavn which had over 4,000,000 passengers pass through in 2019.

Utilities

Foreign trade

Neighboring Malskia is Littlands largest trading partner.

Top trading partners for Littland (2021)
Rank Country Total trade
(millions Int$)
1 Argis Economic Cooperation Organization Malskia TBD
2 Argis Economic Cooperation Organization Walneria TBD
3 Flag of Volhynia .png Volhynia TBD
4 Argis Economic Cooperation Organization Lusuviya TBD
5 Argis Economic Cooperation Organization Dazhdinia TBD
— Others 87,527
— Total 204,736

Companies

Largest companies
Image Name Industry Sector Revenue
(in Int$) 		Headquarters Founded
Danfoss Hauptgebäude in Nordborg.jpg Aulum Industries Industrial Conglomerate TBD Klinstrup 1888
Saxo Bank HQ building.jpg Guldbrand Group Retailing
Consumer Staples 		TBD Kaslund 1952
Notable companies
     Active      State-owned      Defunct
Name Industry Sector Headquarters Founded Notes
Bravo Broadcasting Consumer services Broadcasting Aalhavn 1993 Television and entertainment producer
Holst Premium Consumer goods Food products Frankerup 1922 Renowned meat producer
Kollund Insurance Financials Insurance & Banking Halling 1901 Private insurance, defunct 1991
Lindenkrone Consumer goods Brewers Kaslund 1811 Alcoholic drinks
Littish Airlines Consumer services Airlines Kaslund 1941 State-owned national airlines
Littish Railways Consumer services Railroads Kaslund 1914 State-operated railways
MicroMachine Technology Software Halling 2016 Simulation software
NFS Media Services Media Kaslund 1922 Public service media
NordSoft Technology Software & Services Rødskov 1979 Software developer
Noxu Game Studios Technology Software & Services Halling 1992 Famous videogame developer
OPA Media Consumer services Publishing Kaslund 1982 Newspaper and media conglomerate
Parsol Health care Pharmaceuticals Kaslund 1948 Large pharmaceutical exporter
Summarum Consumer goods Consumer electronics Klinstrup 1929 Manufacturer of household electronics
TeleMax Telecommunications Mobile Telecommunications Gistrup 1972 Telephone provider
Torcon Industrials Construction & Engineering Klinstrup 1930 Award-winning construction company


References

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