Economy of Syara
 Flag of Syara | |
| Currency | Drachma |
|---|---|
| 1 August — 31 July | |
| Statistics | |
| GDP | $6.13 trillion |
GDP growth | 1.6% |
GDP per capita | $37,515 |
GDP by sector | Services: 73% Industry: 23% Agriculture: 4% |
| 4.25% | |
Population below poverty line | 4.9% |
| 30.6 | |
Labour force | 83 million |
Labour force by occupation | Services: 79% Industry: 18% Agriculture: 3% |
| Unemployment | 4.6% |
Main industries | List
|
| External | |
Export goods | List
|
Import goods | List
|
The Economy of Syara is a highly developed social market and market-oriented economy. It is the fifth-largest national economy in Tyran by nominal GDP, the fourth largest by purchasing power parity, and sixth highest GDP per capita.
Syara is a export based economy dominated by the service sector, but with sizeable industrial and agricultural sectors. It is the fourth largest goods exporter and sixth largest goods importer. Much of Syara's wealth and trade is based on its strategic location at the western 'mouth' of the Sundering Sea. Syara's economy is diversified, with a historically strong agricultural base that has long been the staple of Syaran wealth and exports; today Syara is one of the largest food producers in Tyran, producing over 143 million tons of wheat, barley, and rye in 2019. Syara's industrial base produces chemicals, machinery, automobiles, metals, and electronics and comprises almost a quarter of the economy. The service sector of Syara is heavily involved in retail, transportation, information technology, health and pharmaceuticals, financial services, and tourism. Tourism has become a major facet of Syara's economy, with more than 45 million unique visitors annually to Syara's various ruins from the Makedonian Empire.
Syara began industrializing rapidly in the aftermath of the fall of the Arkoennite Empire, and grew even faster following the Unification of Syara in 1875. The Republic of Syara rapidly become one of the major economic powers of Siduri following the Divide War, but suffered from economic downturn after the Siduri War in what became known as the Broken Years. The outbreak of the Refusal War further damaged Syara's economy, but the establishment of the Commonality and and the tenure Saša Mlinarić saw Syara undergo an economic miracle during the 1990s that saw Syara become the largest economy in Siduri. Syara continued to enjoy steady economic progress until deteriorating relations with Ruvelka led to the brief Imerti Conflict and much more destructive Zemplen War, which threw Syara's economy into disarray. After his appointment in 2010 Executive Melkon Isagholian began a series of "shock programs" to resolve Syara's financial situation. While these helped keep Syara's economy afloat, the resulting inflation undermined the Drachma while Isagholian tried to repay Syara's war debts. In 2012 Executive Kire Steriovski began employing major subsidies into Syara's service sector while battling inflation and instituting financial reforms, and despite a recession in early 2016 Syara experienced a mid-decade boom under Radovan Kostović. After assuming office in August 2020, Executive Anita Beleska announced her economic plan to further expand and refine Syara's service sector, while limiting Syara's deficits.