Economy of Littland

Economy of Littland

Kaslund Stock Exchange
Currency	Penning
Fiscal year	Calendar year Developed high-income economy
Statistics
Population	21,254,000 (2022)
GDP	$438.09 billion (nominal, 2022)
GDP growth	0.4% (2018)
GDP per capita	$19,800 (nominal, 2022)
GDP by sector	agriculture: 7% industry: 28% services: 65%
Inflation (CPI)	1.2% (2021)
Population below poverty line	14.8% at risk of poverty or social exclusion
Gini coefficient	37.2 medium
Human Development Index	0.768 high
Unemployment	7.9% 9.6% youth unemployment (15 to 25 year-olds)
Main industries	construction, engineering, food and beverages, banking, chemicals, pharmaceuticals, mining, electronics, tourism
External
Exports	$83.4 billion (2021)
Export goods	pharmaceuticals, meat and meat products, raw materials, foodstuffs, electronic products, consumer goods
Imports	$72.9 billion (2021)
Import goods	vehicles, chemicals, petroleum and petroleum products, metals, machinery, textiles, military armaments
Current account	$18,9 billion (2021)
Public finances
Public debt	68% of GDP (2021)
Credit rating	A
Foreign reserves	$46.7 billion
All values, unless otherwise stated, are in US dollars.

The economy of Littland is a highly developed social market economy. The most prominent stock exchange in Littland is Kaslund Stock Exchange.

Labor market

The Littish labor market is characterized by high union membership and collective agreement coverage (overenskomst) which started in 1913 under prime minister Torsten Einarsen. There are several securities available to unemployed workers as well as initiatives to get people jobs during times of high unemployment. This has contributed to a degree of economic flexibility. A large proportion of the working age population is active on the labor market in some capacity, a recent development following almost 15 years of economic stagnation. The unemployment rate is currently stable at 7.9% while youth unemployment is at 9.6% and falling. Despite there not being a national minimum wage, the average minimum wage is about 18.2$.

Infrastructure

Railway Network of Littland

Littland has an extensive network of railways, highways and intercity public transport. This network, as part of previous government programs, makes Littland a very interconnected country with low travel times between major cities and economic centers. Littlands energy consumption is primarily fueled coal and fossil fuels with only around 18% of the countries energy production coming from renewables. The state-owned company Littlands Maintenance Company is responsible for the upkeep, maintenance and expansion of the countrys railways, highways and airports. Private companies are the primary users of the railway network and freight both cargo and passengers along the network. The infrastructure development has been rather lacking in the southern region of the country with expansion much more frequent in the northern regions and around the capital, Kaslund.

Aalhavn Port

Being located on the Amber Lake the port of Aalhavn is the primary and largest port for international trade in Littland. Aside from trade, Aalhavn is also home to a majority of the Littish Navy. The port is the largest container port in Littland and is managed by Fergo InterTrade since 1999 who employ 560 people in the primary port area. In 2021 Aalhavn Port processed over 63 million tons of freight, around 60% of which was passing through Littland.

Major companies

Littlands Main Exports 2021

Largest companies

Image	Name	Industry Sector	Revenue (in $USD)	Headquarters	Founded
	Fergo Industries	Conglomerate	28.3 billion	Klinstrup	1937
	Rislev Foods	Food & Beverages	22.6 billion	Kaslund	1987
	Guldbrand Group	Retailing	19.2 billion	Kaslund	1971

Notable Companies

Name	Industry Sector	Headquarters	Founded
Parsol	Pharmaceuticals	Kaslund	1948
Littland Banking	Diversified Financials	Kaslund	1924
Vagner Electronics	Consumer Electronics	Aalhavn	1982
Summarum	Household Appliances	Klinstrup	1964
NordSoft	Software & Services	Kaslund	1979
Bravo Broadcasting	Media & Entertainment	Aalhavn	1993
Varsted Media	Media	Kaslund	1982
LittishAir	Airline	Kaslund	1975
Tele-S	Telecommunication Services	Tirslund	1986
Halling Insurance	Insurance	Halling	1957
Holst Premium	Packaged Foods & Meats	Frankerup	1948
Torcon	Construction & Engineering	Klinstrup	1946
Erhvervsbanken	Capital Markets	Kaslund	2001
Torslev Mining	Metals & Mining	Fangel	1936
Nocobot	Technology Hardware & Equipment	Klinstrup	1998
LMS	Telecommunication Services	Klinstrup	1986
Noxu Game Studios	Software	Halling	1992