Economy of Tayichi
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 | |
| Currency | Tayichian Kin (TKN) |
|---|---|
| No | |
| 1 April - 31 March | |
Trade organisations | AMA |
| Statistics | |
| GDP | $3.253 Trillion |
| GDP rank | ?TBD |
GDP growth | 2.1% (2010-21 avg.)
1.6% (2024) 1.3% (2025f) 1.5% (2026f) |
GDP per capita | $48,633 |
GDP per capita rank | ?TBD |
GDP by sector | Agriculture: 0.7%
Industry: 26.1% Services: 73.2% (2023) |
GDP by component | Private consumption:
Government consumption: Gross capital formation: Exports of goods and services: Imports of goods and services: Net exports: (2023) |
| 0.9% (2024) | |
| 4.75% (May 2024) | |
Population below poverty line | 16.1% at risk of poverty or social exclusion |
| 35.4 (2023) | |
| 0.940 | |
Labour force | 32,652,797 |
Labour force by occupation | Agriculture: 1.3%
Industry: 22.5% Services: 76.2% |
| Unemployment | 5.0% (2023) |
Average gross salary | $4,125 |
| $3,034 | |
Main industries | High technology, motor vehicles, electronics, machine tools, ships, defence, chemicals, biotechnology, pharmaceutical, consumer products |
| ?TBD | |
| External | |
| Exports | $1.011 trillion |
Main export partners | Borealia ?TBD%
Amnis: ?TBD% Others: ?TBD% |
| Imports | $1.08 trillion |
Main import partners | Borealia ?TBD
Amnis: ?TBD Others: ?TBD |
FDI stock | Inward: $1.682 trillion
|
| -$88.5 billion (-2.7% of GDP) | |
Gross external debt | $5.342 trillion (2024) |
| Public finances | |
| $3.146 trillion (2024) 96.7% of GDP | |
| ?TBD% of GDP | |
| Revenues | ?TBD% of GDP (2023) |
| Expenses | ?TBD% of GDP (2023) |
| Standard & Poor's:
AA+ (Domestic) AA+ (Foreign) AAA (T&C Assessment) Outlook: Stable Moody's: Aa2 Outlook: Stable Fitch: AA+ Outlook: Stable Scope: AA Outlook: Stable | |
Foreign reserves | Government = $288 billion Imperial Bank = $36 billion |
All values, unless otherwise stated, are in US dollars. | |
The economy of Tayichi is a highly developed social market economy. It is the [ranking] largest national economy in the world measured by nominal gross domestic product (GDP), [ranking] by purchasing power parity (PPP) and [ranking] by nominal GDP per capita. Tayichi constitutes of ?TBD% of world GDP.
The service sectors dominates the Tayichian economy, contributing over 73% of GDP, with financial services industry of particular importance due to Shuto's position as the [ranking] largest financial center in the world. Its technology sector is one of the most highly valued, surpassing $900 billion last year. There are significant regional variations in prosperity, with the Taīga-Kaidō Plain accounting for almost 60% of the entire national GDP, while some northern provinces like Teikai, Miyagi and Kitajima have per capita values much lower than the national average.
In the 19th century Tayichi was the first Borealian and non-Amnisian nation to industrialize. Tayichi emerged as one of the centers of the Second Industrial Revolution in the late 19th century, rapidly increasing Tayichi's economic power on the global scale - At the turn of the 20th century, Tayichi was the [ranking] largest economy in the world, many places ahead when compared to today, and remained the largest economy in Borealia in terms of nominal GDP until 1996. The cost of fighting the Great War, however, greatly weakened Tayichi's relative position. Despite a relative decline in global importance, in the 21st century Tayichi retains the ability to project significant power and influence around the world.
WP