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 | ₡57 trillion (2022) |
Imports | ₡6 trillion (2022) |
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: +++ (Domestic) +++ (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 purchasing power parity. The economy accounts for over 60% (more specifically 64.29%) of the global economy. 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.
The world's biggest exporter with ₡57.938 trillion valued in exports and only ₡6.303 trillion in imports, Ignesia operates on the largest trade surplus of any nation, worth over ₡50 trillion. It plays a very important role in international trade, as all three sectors of the economy have the highest output value for each of the sectors in the world, with the service sector output contributing to more than 46.3% of the world's output. The Axempar contains the largest consumer market in the world, and dominates many fields of both manufacturing and services, including the automotive industry, information technology, entertainment industry, telecommunication, and many, many other fields. The nation also boasts the largest agricultural output out of any nation, contributing ₡5.9 trillion in food and agricultural output, and supplies most of the world with cereal grains, fruits, nuts, vegetables, dairy, and meats.